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CRO daily close above downward trend since 21st Dec 2021?This downward trend has been supported since 22nd December 2021. If a daily candle closes above this trend in the next few days it will be first daily close above the trend since the 21st of December 2021. Although CRO could break the trend there would be nothing to suggest an upward trend would be imminent. If the downward trend is to continues, I feel there's support but not strong support and we could be looking at anywhere from 5.5 to 2.5 cents for CRO which is crazy as I feel CRO could easily get to $1 in the future. What are your thoughts?
by stuwestgate
4
SP500 Sellside Daily Liquidity Taken.. Next Level👀Very importnat to know this: Sp500 on Daily timeframe has taken a Daily swing (sellside liquidity) so we should "anticipate" a short reversal that might prove very beneficial for us, and if used properly as a short-term bias, it could be perfect to enable us to take extra_low risk on *the lower time frames* for very good daily setups.. Confirmation is needed on lower timeframes before entering.. Not a financial advice.. Consider your situation and take risk on your own only.. Tell me what you think I would appreciate it 🙂 Good Trading All;
VANTAGE:SP500Long
by MST_Trader
1
EURGBP short set up© RBC Euro area economics: Previewing next week’s key euro area inflation release The November euro area ‘flash’ HICP estimate is published on Wednesday, with country-level data for Germany and Spain released on Tuesday, and data for France and Italy in advance on Wednesday morning. Next week’s euro area HICP release is likely to be particularly significant, given market expectations that this month’s release could see the first drop in the y/y rate of HICP inflation since June 2021 (notwithstanding the marginal decline, only visible at 3 decimal places, seen in April). Market pricing currently points to a print of a little over 10.4% y/y, which would represent a 0.2% decline from the 10.6% y/y recorded in October. Even if only small, a decline in the y/y rate of inflation would feed into the narrative that inflation in the euro area, as in the US (where CPI inflation is now down 1.4% from its June peak), has peaked and is now on a downward trajectory. Indeed a decline in the y/y rate could be viewed by the market as a validation of the current trajectory implied by market pricing, which sees headline inflation declining steadily throughout next year to end 2023 at just 2.8%. Conversely, another significant increase in inflation is likely to be interpreted as a sign that inflation is proving more persistent in the euro area than in the US. --- Technical Analysis EURGBP is notoriously choppy so taking the TP 1 and getting the rest of the position to break even is key. Lower inflation expectations will lead to a softening of the ECB's rate hike cycle and the euro can fall. That said the US dollar is also currently in a downtrend, so the EURUSD will likely keep the single currency supported against a lot of other currency crosses. For all of the talk of how badly the UK is doing since Brexit and due to the Pandemic, I see the war in Ukraine adding more pressure to Europe than the UK and economically the UK can do better. The OECD has the UK GDP growth since the 2019 dip above Germany and France, so that would help the technicals keep moving lower.
Short
by Macrobriefing
GBP-USD DAILY CHART BEARISHI'm on the daily timeframe here, something I don't normally look at, but found something I thought I'd share. I noticed a trend line here with a strong fundamental and technical lvl of resistance, and went back as far as needed to find a fundamental lvl of support (March 2020) which seems to fit pretty well here in my analysis. Since I'm not familiar with the daily I don't know if it will actually take till the end of November/beginning of December to reach that anticipated lvl of support but we'll come back to this analysis and see what's good. Leave feedback alwayssss tryna learn!!!
Short
by BandmanB3
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has left the triangle sideways and is currently just above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $16727, if the support is broken then the next support is $16451, $16234 and $16015. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $16967, if you manage to break it the next resistance will be $17352, $17649 and $17964. Looking at the CHOP indicator, we see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates that the blue line is above the red one, which confirms the maintenance of the local uptrend.
Short
by cryptodailyuk
1
USD/CHF (NFP INFO) According to my latest analysis, the upcoming Non-Farm Payroll (NFP) should be "Positive" with a small increase in MOM average hourly earnings, this will boost the USD and bring the gold down, and I hope you understand the correlation between CHF & GOLD (they move in the same pace) that's why watching the bigger picture the pair is in an uptrend, but in a couple of hours, there will be a decline in the price until the NFP report comes out. First, we will short the pair to 1.0042. 2nd, we start buying from entry point 1.0042 with TP 1.0145 (risk-reward 1:3) Good luck to all!
by EndlessPips
NZDUSD I Local short from resistance Welcome back! Let me know your thoughts in the comments! **NZDUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
11
GBPJPY Daily TF analysisAs analysed last week. GJ painted a massive double bottom and broke the high structures to the left. I thought that price would pull all the way down for a retest before pushing back up to continue the double bottom pattern. As we know price doesnt move in 1 direction indefinitely, so we always get a pullback. But if momentum is strong enough price doesnt always pull back as hard as we expect, before moving in momentum again. So as it stands, GJ is in a bullish pattern, with possible intraday sells, if the conditions are right, however, everything points towards a long term buy. When we go to the weekly chart, we are also in a very strong bullish momentum, so trade with caution
Long
by faddy
1
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY Due to MARKET RISK being on in the previous days, AUDJPY is slightly UP. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen in this way. If MARKET RISK is ON, you can definitely BUY at 96.21 LEVEL. Currently, MARKET RISK is ON. But somehow it may go down to 89.74 LEVEL before going UP. After that, AUDJPY may go up to 96.31 LEVEL. To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS. If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way. - EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. According to that, EURGBP can rise slightly up to 0.8900 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.
by benny_marshall
1
NZDJPY Headed Upward +250 Pip PotentialWelcome back! Let me know your thoughts in the comments! **NZDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
11
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,386, if the support breaks down, the next support is $ 19,226 and $ 19,090. Now let's move from the resistance line, as you can see, the first resistance is $ 19,496, if you can break it, the next resistance will be $ 19,601, $ 19,678 and $ 19,763. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used, and the MACD indicator indicates a local downward trend.
by cryptodailyuk
6
XAUUSD Daily Projection 07/10/22XAUUSD XAUUSD is starting to narrow its range and seems to be forming a symmetrical triangle. If this triangle is fulfilled, there is a chance that GOLD will rise through the resistance towards 1733.380. However, with MA8 starting to slope along with MA20, Support 1701 will determine whether Loco can fulfill its pattern and strengthen its uptred. In MA Pattern, GOLD is still uptrend with a reversal point at 1678. Take profit first at 1711.380 because the price looks to be maneuvering today. R3 1733.380 R2 1723.590 R1 1715.240 PV 1709.430 S1 1701.750 S2 1697.800 S3 1685.570
OANDA:XAUUSD
by AbsoluteWillid
NASDAQ Daily Projection 07/10/22NASDAQ NASDAQ, which was also unable to penetrate its 100 MA, has re-entered the support range of 11368 - 11470. The MA8 seems to be starting to slope down and will make a death cross with the MA20 and re-confirm its downtrend. Price corrections on the Daily timeframe have also been made, thereby increasing the probability that the NASDAQ will fall again. Doing a SELL does not get a good RR. R3 12441 R2 12211 R1 11675 PV 11470 S1 11368 S2 11300 S3 11091
UShort
by AbsoluteWillid
1