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Exponential Moving Average (EMA)

ETHBTC Testing Critical Resistance Level!Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local resistance - Support found at .50 Fibonacci - Stochastics in upper region - RSI testing its resistance - EMA’s supporting price - Volume increasing - VPVR showing a decrease in volume of transactions ETH is looking very bullish as it respects its trend line, confirmed by three touches; this trend line comes perfectly into local resistance. This local resistance is a very critical level as a break will continue this bullish bias; a rejection will negate market structure, putting in a potential triple top. After initial bull impulse, support was found at the .50 Fibonacci Level, being in confluence with the trend line, this area was very strong for bulls who were able to continue the trend. The Stochastics is currently trading in the upper region where it can stay for an extended period of time; there is no evidence of downside momentum at current given time. The RSI is currently testing it resistance, coming closer into its apex, a move will be imminent very shortly. EMA’s are holding price support as it comes into local resistance; overall support is very strong for the bulls as the EMA’s are in confluence with the trend line. Volume itself is showing an increase, this needs to continue upon the break of local resistance to avoid the chances of a fake out. The VPVR visibly shows a decrease in volume of transactions between the two segments of local resistance and major structural resistance. This tells us that bulls will have a greater probability of reaching technical target due to the low level of resistance from the VPVR. Overall, IMO, a break from this critical level will be extremely bullish and will give us a trading opportunity. A break bearish from trend line will negate market structure and a retrace back to the .50 Fibonacci will be more probable… What are your thoughts on ETHBTC? Please leave a like and comment, And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
Triple EMA & Double Aroon StrategyThis is my revision of the 20,50,200 Ema&Aroon strategy. Link provided. I've added a second Aroon a indicator set to 50. This allows you even greater insight and accuracy to the beginning of a trend as well as greater accuracy in determining when the pair is consolidating. In most cases, if the Aroon 25 doesn't catch the beginning of a good trade signal, the Aroon 50 will. This is also true vise versa. Remember to always get confirmation when taking your trades. Enjoy! I have recently gathered data using this strategy on AUDUSD as well as USDJPY and this system seems to work fine on those pairs as well. This strategy can also work on the 30 Minute time frame as well as 1 hour and 5 Minute. Although it becomes more difficult to determine confirmation on trade signals at lower time frames such as 5 Minute and below. AUDUSD USDJPY
by RagingSniper
BTC Bullish Divergence and CME Gaps Filled!Hello Traders! Today’s analysis will be on Bitcoin’s recent developments, Bullish Divergence and CME futures gap filled, could a bounce be more probable from current rage? There are a few technical indicators that point towards a market bounce Points to consider, - Clear bullish divergence on hourly timeframe - Major resistance at .236 Fibonacci level - Major structural support at 8K level - Stochastics turning bullish - RSI respecting upwards trend - VPVR showing low volume of transactions - Volume well below average - Volume climax candles - EMA’s yet to meet price Bitcoin has finally filled its CME futures gap around the $8,000 mark where it held support and traded this region to form a potential bullish divergence. Price is making lower lows whilst the RSI makes consecutive higher highs. Local structural resistance for bitcoin is the $9,200 mark, which is in confluence with the .236 Fibonacci level. A break from this level will be quite bullish… The stochastics are on the verge of turning bullish, signifying that the downside steam has cooled of and a move upwards is more probable. RSI is respecting it’s upwards trend, we need to see it continue to diverge from price, and this will cool of the indicator from oversold conditions… VPVR is quite interesting, as there is no high volume traded between current support and resistance, a bull move up would not experience heavy resistance due to lack of volume traded between the two regions. The volume profile is also quite interesting; we’ve had multiple volume climax candles and large wicks being bought back up. This signifies a strong level of support that is defended by the bulls. The EMA’s have not yet reached price so, at current time being, it is bearish until we see a bullish cross… It is more probable for Bitcoin to bounce and retest local support; it would be a natural market reaction after a straight flush down. This is supported by the tentative bullish divergence forming at current given time. What are your thoughts on Bitcoins current price action? Please leave a like and comment And remember, A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
BITMEX:BTCUSD.PLong
by AzizKhanZamani
BTCUSD Hourly Inverse Head and Shoulders! Hello Traders!, Update on recent BTC developments!, New potential formations on the chart, Hourly Inverse Head and Shoulders! Points to consider, - Potential Inverse head and shoulders - Trend is currently consolidating - .618 Fibonacci acted as support - Price testing neckline - Potential Triple top if price meets calculated target - RSI respecting up trend - Stochs showing upwards momentum - VPVR showing decreasing volume of transactions - EMA’s giving price support Current price action is showing us that bitcoin may be developing an Inverse Head and Shoulders pattern, valid only if price breaks neckline! There are signs in the chart that increases the probabilities of this being and actual Inverse H&S, the trend is currently consolidating after it was found with support from the .618 Fibonacci retracement zone. Price retraced back to the neck line zone as the EMA’s come into play by giving Bitcoin support… The RSI is quite bullish as it is respecting it’s upwards trend. Furthermore, the Stochastics is showing upwards momentum as price comes into the neckline… This formation is only valid if bitcoin breaks the neck line, which has a calculated target near the next local top. The breakout needs to be confirmed with above average volume… Keep in mind that the target could post a potential triple top if bitcoin decides to reverse, so it’s a good area to take profits if this does play out! What are your thoughts on BTC’s recent developments? Is this a potential inverse head and shoulder? Please leave a like a comment And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
BITFINEX:BTCUSDLong
by AzizKhanZamani
EOSBTC BULLISH DIVERGENCE !?Hello Traders! Today’s chart will be on EOSBTC, potential bullish divergence! Points to consider, - Bullish cross on EMA’s - RSI broke resistance - Volume picking up slightly - VPVR showing low volume of transactions - Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence) EOSBTC is looking quite interesting on the daily timeframe as it may be looking to change market structure and turn bullish. The RSI recently broke resistance and has further upside potential upon retest of the now turned support, previous resistance. Price has been putting in lower lows whilst RSI has been establishing higher highs, classical bullish divergence. Volume has also been picking up, we need to see this sustain if EOS was to test local resistances. The EMA’s are currently crossing bullish, which is another sign that EOS is ready for further upside movement and with the VPVR showing low volume of transactions, EOS bulls shouldn’t have much issue reaching resistant targets, posting gains of potential 42% and up to 92%! We much consider the market as a whole, the crypto market is very uncertain, this whole set up can be negated by BTC’s moves so we must use risk management and stop losses! What are your thoughts on EOSBTC recent developments? Will bulls come to fruition and break local resistances? Or will we see EOS roll over and retest yearly lows? Please leave a like and comments And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
by AzizKhanZamani
Dovish ECB Could Finally Make EURUSD Test 1.09000 Level!Have a look at the main chart for the EURUSD Daily TF, where the BLUE horizontal lines represent concrete support and resistance levels taken directly from the Monthly TF. The orange horizontal lines represent the support and resistance taken from daily and weekly TF. The 1.09000 level has not yet been tested on monthly charts, however the price did come close to testing it. Tomorrow's ECB meeting would likely make the price test this elusive level shall the message be dovish! Technically speaking, the daily TF chart shows a neat descending channel and should the daily candle close below 1.1000 level convincingly by end of the day, we could see the price gather pace towards the 1.09000 elusive support. Fundamentally the markets have already priced in a dovish ECB outcome, however keep in mind the EUR is at a consolidation stage and ECB might just ignite the selling pressure and take this pair towards the 1.05 Support in the near future. In short both fundamental and technical picture are highly tilted towards a depreciation in the EURUSD. This just represents my analysis. shall there be any trade entries (possibly tomorrow)i will post them in a new post. cheers
Short
by FX618Analysis
BCHUSD Head and Shoulders! Hello Traders! Welcome to another update, Today’s analysis will be on BCHUSD, a potential head and shoulders! Points to consider, - Overall up trend, putting in higher lows - Price currently testing support and potential neckline - RSI coming into tightening apex - Stoch in neutral area - EMA’s acting as resistance at current given time - Volume tapering off on right shoulder - The .50 and .618 Fibonacci has acted as resistance to price BCHUSD may well be forming a head and shoulders pattern that could be on the verge of breaking bearish. Price is currently testing the upwards support line which is in confluence with the .382 Fibonacci and local support zone. The RSI is in a equilibrium, coming into its apex, it will break in the near future, whilst the stochs currently neutral, momentum could go either way… EMA’s are currently giving price strong resistance at current given time; there is so much confluence in this area proving that a break is imminent! A break bullish will push price to retest previous resistance zones, which are the, .5 and .618 Fibonacci zones respectively. A break bearish could see BCHUSD tank to and below yearly lows… What are your thoughts, will BCHUSD head and shoulders pattern come to fruition? Please leave a like and comment And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”Yvan Byeajee
COINBASE:BCHUSDShort
by AzizKhanZamani
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
2
RBNZ Rate Cut Outlook Might Send KIWI Lower VS YEN!Have a look at the main chart for the NZDJPY weekly TF. The horizontal lines represent concrete support and resistance levels taken from the Monthly TF. The price has already pierced the 69.000 level and is possibly headed towards the next support that is present at the 63.000 level. Furthermore, there is a neat descending channel on the weekly charts which adds further confluence towards the declining of the price. the above snapshot shows the monthly TF of NZDJPY. As seen, the horizontal lines represent the nearby support and resistance levels and currently the 69.000 level was violated as the monthly candle closed below it convincingly. The next support lies at 63.000 level where is the price will likely be headed. Fundamentally, The tradewar has affected kiwi to great extent and the RBNZ might cut the rates a further two times before 2020 to support the economy and slowdown. With the trade deal no where in sight, the safehaven demand for JPY will be high in such RISK OFF environment. Therefore such a strong YEN and a weak KIWI is a good combination to trade and take this PAIR SHORT. At the moment the USD strength is unprecedented and i am evaluating on what pair to take SHORT as taking both would double the risk exposure. currently i am waiting for the NZD to retrace slightly as its deeply oversold after dropping so much in the last month. A slight retracement would enhance our Risk to reward ratio and widen our stop loss. Once the price has retraced slightly i will post the trade details in a new post. i am not sure what would it be NZDJPY or NZDUSD.
Short
by FX618Analysis
EURCAD Weekly Trendline Violated! Price Likely To Target 1.43500Have a look at the main weekly TF for EURCAD. The horizontal lines represents support and resistance levels taken from the monthly TF. The July's monthly candle closed below 1.47000 support and additionally the August's Candle formed a strong doji rejecting and closing below the 1.47000 support. This is a strong indication that the price would likely gather pace towards the next support present at 1.43500. Furthermore, the Longterm trendline on weekly and monthly charts was violated, Further suggesting a decline is on the cards! The chart above is Monthly TF charts of EURCAD indicating the LONG-TERM Trendline violation and monthly candle breaching and closing below the support. Fundamentally the EUR is bound for further incoming weakness as the ECB is struggling to hit their inflation target and the new incoming president has already suggested the rates could further go into negative territory in order to support the growth. I am already SHORTING the EURCHF, which has slight correlation to this pair and furthermore i am already SHORT on the USDCAD. Due to these factors and i am not willing to take this trade because it would increase my risk exposure and violate rules of trading. For those of you who would like to take this pair SHORT, you could do this at your own risk with the target of 1.43500 and RR of 1:1. This trade in my view is a high probability trade with many confluence factors in favor of us. cheers
Short
by FX618Analysis
HWCC - RISKY But Trend MOVE Could Be ON CardsHouston Wire & Cable Co. engages in the manufacture and trade of electrical & mechanical wire and cable. Its products include continuous and interlocked armor cable, control and power cable, electronic wire and cable, flexible and portable cords, instrumentation and thermocouple cable, lead and high-temperature cable, medium voltage cable, wire rope and wire rope slings, nylon slings, chains, and shackles. The company was founded in 1975 and is headquartered in Houston, TX. SHORT INTEREST 171.68K 08/15/19 P/E Current 8.02 P/E Ratio (with extraordinary items) 8.68 P/E Ratio (without extraordinary items) 9.68
HLong
by DEXWireNews
DXY Likely To Make Push Towards 100.00 As USD Gathers Pace! The above snapshot was taken from the monthly DXY TF charts, showing nearby concrete support and resistance levels. The monthly candle has convincingly closed outside the 98.00 resistance suggesting that the price headed towards the 100.00 mark. The main chart is the weekly TF chart showing a well respected ascending channel. The price would likely gather pace to HIT the 100.00 Mark in the comings weeks based on fundamental market movers! Due to ongoing trade war and slight hope that a deal could be made, the demand for SAFEHAVEN USD has increased. So the question comes, which pair will likely get affected the most due to USD strength? What we observed last week was that the JPY did not gain significantly against the USD as the market were still skeptical that a trade deal was far from being agreed and due to this JPY was resilient against the USD. The CAD also was resilient supported by the strong OIL prices and GOOD fundamental datas. Against the CHF the USD gained ground but in my view trading a SAFEHAVEN currency with another will be difficult as the demand for both intensifies when RISK OFF mood is present! So cutting the chase short, last week the NZD and EUR were the biggest losers against the USD, largely due to their fundamental aspects not being too supportive. The RBNZ is thinking of slashing rates and the new incoming president of the ECB has hinted the rates could go into deeper negative territory due low inflation and growth. So it is advised to take the advantage of EUR & NZD against the USD strength. Personally i am already SHORTING the EURO against The FRANC and i would be looking to take advantage of NZDUSD when the session opens to target 0.61000 level (go to the related link ideas to find out more about NZDUSD) This just represents my outlook on the DXY. Shall a trade opportunity be feasible regarding the NZDUSD i will post it in a new post.
TVC:DXYLong
by FX618Analysis
EURJPY (CROSS) Likely To Decline Further Towards 114.00 Level!The main chart represents the weekly TF of EURJPY pair currently seen trapped in a well respected descending channel. The horizontal lines represent support and resistance levels taken from the monthly charts. A few weeks ago the 120.00 level was clearly breached and the price has continued to slide towards the next support (114.00). A close of Monthly candle below 120.00 would increase the confluence for a further fall. Its advisable to wait until the beginning of the next monthly candle so as to enter this trade with RR set at 1:1 and target at 114.00. Currently i am already shorting the EURO against the FRANC. These two pairs are highly correlated because the EURO is paired with both SAFEHAVEN currencies. Therefore to prevent double risk exposure, i would personally Not take this trade. However for those of you who are not shorting the EURO or LONG on the YEN, you can take this trade at your own risk. All in all, this is a very high probability setup and a quality one too.
Short
by FX618Analysis
NZDUSD Likely To Decline Further Towards 61 Cents! Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle and this week's candle close below 0.64000 we can take this pair SHORT to target 0.61000 level. The fundamental outlook too is against the KIWI as global slowdown due to trade war is affecting the KIWI. With the Tradewar far from over and RBNZ leaning towards slashing rates again to boost the economy, a visit to 0.61000 is highly likely. This just represents my outlook on this pair, shall a trade opportunity arise i will post it in a new thread.
Short
by FX618Analysis
3