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XRP USD DAILY TECHNICALS (4/22/2021)Good morning- crypto ger here for another xrp update- today is Thursday april 22, 2021. Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only. I Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook. The price of xrp is up 500% ytd Over 120% on the all -rolling 1,3 & 6 month range The weekly technicals support long positions- performing well above almost all moving averages-indicating a strong buy position, while the oscillators hint at a cooling period. Rsi values are in the 70's & cci is over 200- these indicators on their own are bearish. The bull bear power index is 1.10 which is relatively neutral and lastly the macd is reporting a 0.21 which is a buy. Weekly technicals are a buy Recapping yesterday- XRP declined by 6.95% reversing a 5.76% gain from the day prior. xrp ended the day at $1.29017. A bullish start to the day saw xrp rise to an intraday high of $1.46406 before hitting reverse.. Steering clear of the first major support and leaving major resistingce untested. For the day ahead- XRP will need to move through the pivot level to bring major resistance levels into play. Support from the broader market will be needed to break back through the 1.40's. In the event of an extended rally XRP could test the second major resistance levels Failure to move through the pivot brings support levels into play XRP should steer clear of sub 1.20 If you found this video informative please be sure to smash the like and subscribe button- turn on the notifications so you can stay up to date with future content
BITSTAMP:XRPUSDLong
by cryptoger
EURGBP OutlookPotential for a long position on EURGBP over the next coming days Schiff fork touches the edge of the channel, which is the same area where we have had prior bullish signals this year (see candles highlighted) thereby making this a likely area of reversal from the current downtrend that began around this time last month If the price holds in this outlined area of 0.896 - 0.893 then we will have confirmation of an uptrend from the March/April lows when the 50D SMA crossed above the 200DSMA, and continuation of the ascending channel Failing this, we will look to the 200D SMA for support, the same area where the pair has found prior support and generated bullish candlestick patterns Strong resistance found at the 0.917 area
Long
by Pacorabs
Dax daily: 27 Jul 2020As expected, Friday's session started with a descend towards the S/R zone at 12 882. Bearish traders pushed even lower and the support didn't hold their strengths. The VPOC has also shifted below this zone and this can signify the lack of commitment for further longs and the end of uptrend of the past days. Important zones Resistance: 13 119, 12 882 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Monday sessions are statistically slowest for the German stock index. For today, we don't see otherwise and expect the trading activity to be limited around 12 882 level. Bounce away from 12 882 to the downside can cause a sell-off, but considering the consolidation price action around these levels, we don't expect any wild moves here.
EUREX:FDAX1!
by FTMO
Dax daily: 02 Sep 2019 Welcome to this first analysis of the month of September. Friday's session started by a relatively fast retest of our resistance zone at 11 899, which hasn't even slowed down the price momentum. The uptrend was seen until 15:00 when Dax corrected the bullish move by descending lower to retest the newly formed support at 11 899 which was our valid resistance at the beginning of the session. Dax closed in its upper range. Important zones Resistance: 12 037 Support: 11 868, 11 771 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs Canada & USA - national holiday Today's session hypothesis Today's afternoon session might be slower than usual due to public holiday in the US and Canada. Morning session might be influenced by the series of PMI reports from the Eurozone. We also have an increased statistical probability for breaking Friday's high. We could see buyers jumping in at around 11 868 and if that scenario turns valid and the high will be broken, sellers are likely to correct the upside move at 12 037. Considering the fact we also have an increased probability of closing inside Friday's range, it is logical to focus our targets back into the range should the price get above or below the high/low from Friday.
EUREX:FDAX1!
by FTMO
EURCAD Monthly/Weekly OutlookFirst off, there is a monthly Ascending triangle. The orange lines represent monthly zones. The circles show the touches of the trendline zone. So the monthly has some uptrend structure. When we look down at the Daily chart, we see at the market is currently in a downward parallel channel. However, I'm looking at it bouncing off of one of the bottom two green support zones with confluence of the trendline to continue that monthly uptrend and make it to the monthly resistance that the arrow stops at on the monthly chart at least. For now, I'm looking for it to possibly push back up to the top of the resistance line on the channel then come back down to one of those bottom 2 green supports then go up, or to break the resistance of the parallel channel retest it and start the uptrend now. Either way, I'm seeing that push up for the monthly ascending coming soon. I don't see this downtrend going down past those two bottom supports. But, we know these markets do what they want. So I could be horribly wrong. We will see. Trade at your own risk, I am not a professional and this is not professional advice. I just read some books and think I know a little something. PatiencePays
by PatiencePays777
Dax daily: 30 Aug 2019 We welcome you to this last Dax analysis of the week, month and summer holiday. Thursday's session appeared quite innocent in the first hour of trading. At 9 am, Dax shot firmly upwards and this momentum lasted till noon. At around 4:30 pm, Dax fell lower by some 90 points just to correct this volatile spike even above the initial fall. Important zones Resistance: 11 899 Support: 11 774, 11 700 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis It appears today we could finally close the resistance at 11 899 where we hope to find some sellers at the first retest. If we target the first one lower, buyers could be seen at 11 774 or even lower at 11 700. Should the price really drop down to 11 700, all our hypothesis for a bullish move turn invalid as that level is now distanced some 150 points away.
EUREX:FDAX1!
by FTMO
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Dax daily: 09 Aug 2019 The session yesterday started with an ascending gap which was closed yet in the morning trading hours. Sellers took Dax to retest the support level at 11 716 where we saw a power shift and buyers regained control of the further price development. The session was closed at 11 823. Important zones Resistance: 11 901 Support: 11 716 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Another gap opening but with a different situation today. It was quite probable yesterday that the gap was to be closed, just as we highlighted. Price opened above previous day's range and gap was at a strong S/R zone which was likely to be retested. Today we open in the middle of yesterday's session and it's not clearly defined who has the advantage. The statistical application indicates a 50% probability which is another undecisive information for a price estimate. We are left to wait for the price action and follow the mood of the market. We estimate today's trading ranging between 11 716 and 11 901.
EUREX:FDAX1!
by FTMO
Dax daily: 11 Jul 2019 Wednesday's session was interesting too. Dax first started to descend towards our support at 12 326. shortly before this level, bulls took control and the price shot aggressively up. After a prudent upside move, Dax dropped again slowed down significantly. The statistical probability of closing inside the previous day range was also fulfilled successfully. The price opens with an ascending gap today. Important zones Resistance: 12 500 Support: 12 378, 12 328 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases United Kingdom - a row of news streaming throughout the London session (ref eco calendar ) Today's session hypothesis The initial price action of the session could offer the gap closure and finding some buyers. Should the price descend below yesterday's low and bulls appear around 12 328, then the breakout probability of yesterday's high is not on the table any more. Should bulls prove their strength right at 12 378, then the clear target lays in the form of an untested gap at 12 500. Beware of today's news from the UK and the CPI form the USA. Although this hardly has any effect, a big deviation could bring some volatility for Dax too.
EUREX:FDAX1!
by FTMO
Dax daily: 08 Jul 2019 Welcome to the first session analysis of a new week. Friday's price action has been quite fruitful. For a major session duration, Dax was dropping towards a consolidation zone from 02 July, where we found buyers and the price closed somewhere mid-range session trading. The US NFP was released at 14:30, but besides one volatile candle, no major reaction was seen. Today, the price opens with a significant short gap. Important zones Resistance: 12 564, 12 607 Support: 12 391 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today we could see the price ascending and closing the gap at 12 564. On this level, reversal or correction is very likely. Our major target in the upcoming days is very clear and this is the retest of the unclosed gap laying at 12 391. Should the price go below 12 469, it is likely the downside momentum might accelerate. If we don't see aggressive sellers at 12 564, we might rather see a slow-down inside Friday's range.
EUREX:FDAX1!Long
by FTMO
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