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Exponential Moving Average (EMA)

GOLD A Great Setup to go LONG. Price at Crucial Monthly Support!For Decades now the yellow metal has been precious and the long term trend also indicates that its an uptrend. Looking at the monthly charts there is a clear ascending trendline which has been tested and held for more than 5 occasions. This is a very strong indication that the dynamic trend line is acting as a crucial support. Looking closely at the weekly charts, it can be observed that the longterm trendline is being tested. In my opinion its been held for more than 5 occasions and i think this time it will be held as well. Also i have another reason to believe that GOLD being a precious metal would NOT DIP that much. Now coming onto the daily charts, it can be seen that the price has been confined in the downward channel. Its a further confluence factor that the rebound or any reversal candle would indicate the price will likely head up. A HAMMER has already been formed indicating a reversal is a likely scenario. Now Finally, to confirm a reversal at the crucial support, The main chart shows a channel developing (4 hour charts).i would personally prefer for the price to break the channel on 4 hour time frame and retest the 50 EMA before i take this position LONG. Overall its a excellent set up with multiple confluence factor in favor of our direction. Stay tuned for any signals in the comment IF YOU LIKE MY ANALYSIS, PLEASE GIVE ME A THUMBS UP AND FOLLOW ME FOR MORE ANALYSIS
FOREXCOM:XAUUSDLong
by FX618Analysis
1
AUDUSD Targeting 61.8 Retracement. Another Drop in Sight!You can say that AUDUSD has been taking a beating not only from the USD but also the GOLD market and How the Chinese economy is performing due to the issues with the U.S. Odds are in favour of another drop in AUDUSD both technically and fundamentally . Sentimentally its also looking good to go short on this pair. Looking at the daily chart AUDUSD is looking to target the 61.8 retracement of the previous swing high before heading for an extra drop. Monthly Timeframe confirms that the price has closed below the crucial resistance level of 0.7600 now potentially acting as support. Another crucial support in sight on the monthly timeframe is the 0.69500 level. See the attached monthly image below: On the Weekly charts, A descending channel is in progress and test of upper trendline is in sight (61.8 retracement of previous swing). Price will likely target the crucial support of 0.69500. See the weekly chart image below: In short, the probability is high that the price will retrace before heading down for another drop. However If the price happens to reach the upper trendline of channel on the daily chart, a reversal or high test candle needs to happen so as we can place a trade. FUNDAMENTALLY: The AUDUSD has been taking a beating due to the dollar bullishness. Futhermore AUDUSD being a commodity currency linked strongly to GOLD, is also under performing due to decline in GOLD prices recently. Another strong factor that also limits the advance in AUDUSD is also linked to how the chinese economy performing at the moment, which is not very well. Fundamentally a short position is in our favour at the moment COMMITMENT OF TRADERS: Sentimentally large speculators have been dumping the Aussie for a while now. open interest in the market is decreasing too. Dumping AUD has eased up in the recent week suggesting a consolidation period might take place Overall its a good position to go SHORT on this Pair. I will wait for the price to test the upper channel before making any move on this pair. IF YOU LIKE MY ANALYSIS PLEASE GIVE ME A LIKE AND FOLLOW ME FOR MORE FUTURE ANALYSIS. Please be advised that if a trade opportunity appears i will update below.
Short
by FX618Analysis
Broken Trend Line & Possible Head and ShouldersPrice already broke below the trend line and currently is being rejected on the retest. We have a strong resistance at the top at the 95.50 level and another resistance at the 94.70 price level. We have completed a left shoulder and the head already, and based on what I mentioned above, it looks as though we will be forming the right shoulder soon. more confirmation is the fact that the 5 EMA (green) is below the 21 EMA (red), and still below, but testing the 144 Fibonacci level Simple Moving Average.
TVC:DXYShort
by TheCaffeinatedTrader
3
BTCUSD MONTHLYWe can see 21ema as strong support and resistance on the monthly candle chart. The KD and RSI on KDJ & RSI indicator is not yet at their relative lowest, however, J on KDJ is meeting new lows, which can mean a short term bullish bounce or maybe the start of a slow bullish uptrend. Macd is showing almost maximum convergence, which means we may naturally see some volatility soon when they begin to diverge. Volume has been decreasing all year. High volume will confirm breakout
BITSTAMP:BTCUSD
by Artemizios
LTCUSD 2H EMA LONG STRATEGYStep #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right exponential moving averages so we could be able to identify the EMA cross at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platform come with default moving average indicators so it should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the price to trade above the 20 and 50 EMA and wait for the EMA crossover The second rule of the exponential moving average strategy is the need for the price to trade above both 20 and 50 exponential moving averages and secondly, we need to wait for the EMA crossover which will add more weight to the bullish case. We refer to the EMA crossover for a buy trade when the 50-EMA crosses above the 50-EMA. By looking at the EMA crossover we create an automatic buy and sell signals. However, since the market is prone to do a lot of false breakouts we at Trading Strategy Guides need more evidence than just a simple EMA crossover. At this stage, we don’t know if the bullish sentiment is strong to push the price further after we buy so we can make a profit. To avoid the false breakout we added a new confluence to support our view which brings us to the next step of the exponential moving average strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for buying opportunities. The conviction behind the exponential moving average strategy relies on multiple factors to confirm a new trading idea. After the EMA crossover happened, we again need to exercise a little bit more patience and wait for two successive and successful retests of the zone between the 20 and 50 exponential moving averages. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to actually develop a trend. Never forget that in trading no price is too high to buy, and no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the 2 EMAs because the price often times will only briefly touch the shorter moving average (20-EMA) which is still a successful retest. Step #4: Buy at the market when we retest the zone between 20 and 50 EMA. If the price successfully retests the zone between 20 and 50 EMA for the third time we go ahead and buy at the market price. We now have enough evidence that the bullish momentum is strong to continue pushing this market higher. Step #5: Place the protective Stop Los 20 pips below the 50 EMA After the EMA crossover happened and after we had two successive retests we now know the trend is up and as long as we trade above both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips below the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world and the market is prone to do false breakouts. Step #6: Take Profit of your choosing or once we break and close below the 50-EMA In this particular case, we don’t want to use the same exit technique as our entry technique which was based on the EMA crossover. If we would be waiting for the EMA crossover to happen on the other side then probably we would have given back some of the potential profits because we still need to consider the fact that the exponential moving averages are still a lagging indicator. Note** The above was an example of a BUY trade… Use the same rules – but in reverse – for a SELL trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50 exponential moving averages after the EMA crossover happened.
BITFINEX:LTCUSDLong
by Tradingstrategyguides
1
A Neutral Idea on BTC not Bear or BullNOTA: Para Español, Ir hasta abajo! What do you say about this scenario, Sellers are getting tired if you can say it so, we have less volatility day after day since weeks ago, maybe it could indicate a bottom perhaps??? we are at #1 return point I signaled before on other analysis, we can have a Bounce over the 6k support line, we have been here for 3 days in a row, that didn't happen since months ago, and the SAME Logic used for resistance we should use it for Support TOO. Orange Line #1 IF in the next hours we don't break down this Support Area to the 5.4k levels and downer, we should have a spike. And this SPIKE should Break the 6.4k Level of resistance (a Relevant one) which is converging with EMA 26-30 too, AND the bearish Trendline (So this is a Big Resistance Area Right Now). Then, We can make a Trip to the next Resistance Trendline in the 8.2kish (Remark This) We could Break it for Further movements or be rejected as expected to lower points maybe bellow 6k to 5kish and lower. READ THIS WELL AND CAREFULLY, don't get caught by FOMO later and don't say no one warned about it, This could be a trap for bull and bears too. Blue Line #2 We can definitely break the bearish trendline from January, and we can go again to test the 10k, specifically 9.8k (in this area there is a lot of Resistance too and it is a psychological WALL like the GOT one with the white walkers and stuff). We can expect a rejection here since it is so hard to pass thought, indicating a False breakout of the January Trendline and go to retest again 6k and lower supports. (Maybe to #2 Return point-you shall see previous analysis to know what I'm talking about). Yellow Line #3 We break #2 Setups and go to next resistance at the 11-12kish area, were major Resistance is stablished before a Bull run can set it's foot. This is the furthest target I honestly can see within my scenarios. I expect a rejection here if we consider a market cycle not finished yet at this point. IF we get over this area (12k) then a bull run or at least near the 20k run could easily take place (I would have to do other calculations here) so in essence consider this scenarios. Red line 1 and 2 #4 We break Down the 6k levels to next support areas 5.4k and 4.5k with the lowest probable point in the 4.2k, at the same time we get at the 2nd point of return (check previous analysis) and get in a stable growth. NOTE: Other fact I can support on is the RSI, it shows a possibility for an upward movement in July, Check the RSI and it's previous behavior, right now it is testing resistance, if it breaks it we shall see further movements on the price of course. Good Luck!. __________________ ESPAÑOL ¿Qué dice sobre este escenario? Los vendedores se están cansando si se puede decir, tenemos menos volatilidad día tras día desde hace algunas semanas, ¿tal vez podría indicar un fondo quizás? estamos en el punto de retorno n. ° 1 que señalé antes en otro análisis, podemos tener un Rebote en la línea de soporte de los 6k, hemos estado aquí durante 3 días seguidos, eso no sucedía desde hace meses, y la MISMA Lógica que se utilizó para los puntos de resistencia, deberíamos usarlo también para Soportes.
by G0ldenross
5
ETHUSD 1H How to Profit from trading PullbacksStep #1: Identify a Bearish Trend which is characterized by a Series of Lower Highs and Lower Lows Identifying the direction of the trend should be a fairly easy process. The easiest method that our team at Trading Strategy Guides likes to use to identify the trend is the swing low and high structure. In essence, an downtrend is defined as a series of lower highs followed by a series of lower lows Note* It’s important to use the higher time frame to determine the trend regardless of the time frame you normally base your trades on. Step #2: Switch to the 1h Time Frame and Wait for a Pullback against the downtrend After successfully identifying the trend, we can switch lower to our preferred time frame. It can literally be whatever time frame you feel more comfortable with but, for the purpose of this pullback trading strategy, we use the 1h time frame. Step #3: Place Your Fibonacci Retracement Indicator between the last swing high and low levels, prior to the pullback. Identify the most recent swing high and swing low and place your Fibonacci retracement indicator between the two swings. Step #4: Sell Anywhere Between the 50% and 61.8% Fibonacci Retracement area After you’ve placed the Fibonacci retracement mark on your chart the area between the 50% and 61.8% Fibonacci retracement and sell as soon as we trade within that area. It’s up to you whether or not to sell as soon as we hit the 50% or to wait for the 61.8%. With experience, you’ll be able to fine tune your entry and profit from trading pullbacks. Step #5: Place the Protective Stop Loss above the Swing High The last swing high used to draw the Fibonacci retracement levels can provide us with a very attractive place to hide our protective stop loss. A break above the last swing high will invalidate the trade so we want to minimize our losses and get out of the trade. Step #6: Take 1/2 Profit once we break below the Previous Swing Low In order to profit from trading pullbacks we need a strategy for taking profits as well. In this regard, the ideal place to liquidate our position is once we make a new low. The market never moves in a straight line and most of the time after we break to new lows a pullback occurs most often than not. So, if you want to be in an out of the market very quickly that’s the easiest way to profit from trading pullbacks. Alternatively, if we want to maximize our profits we can only take half of the profits once we break to new highs and the remaining half of our position to be taken at a Fibonacci extension level. We exited at the -61.8% fib extension. Note** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade. PM me if you want to read the complete strategy.
BITFINEX:ETHUSDShort
by Tradingstrategyguides
BTC recovering a bit at the momentRight now we have a bounce in Major Support area, Although it was broken. We have Buying Climax, Good bull pressure at the moment, but be careful with traps, you all know my strong analysis. We can be headed to 6.9k where I found first good resistance using Fibonacci, if we can get pass through this area, we might try to break stronger resistance at 7.6k, speaking of which we couldn't get pass last week, so I really don't believe we will this time- I'm just aware that anything can happen, and indeed, we can break it. This is a 'zoom in' chart analysis. we also have RSI showing strength and a bounce in the 20 level at oversold area, and has crossed above the smoothy EMA so, we also have an important resistance at level 56 in RSI but I guess that just something to watch out not SO important. I will be updating this chart as soon is showing some good info! Give a like guys!!
by G0ldenross
1
200 EMA playing supportHere's a brief update on EUR/USD cross. The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support. Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today. Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross. ***As usual, not a trading advice but merely my idea for informational and educational purposes only***
Long
by SteveEnnom
Bitcoin at a turning pointQuite a lenghty analysis, worth reading in my opinion. Bitcoin is currently showing signs of weakness. It is no secret (see my last analysis) that it is into a downtrend and the breaking of the bear flag confirmed it. Prices are still trading below the 200 days EMA and that level had been tested at least four times in the last month in the 4h chart. Every time rhe prices approached the 200EMA, there has been a major pullback. That level, in my opinion, will keep being a major level to watch. Both for psycological and technical resistance. Parabolic SAR (not shown in the chart) shows signs of weaknesses too. It simply confirms the bear market we're in at the moment. Volumes are definitely low at the moment. Seems like the market is accumulating and "sidewalking". This shows uncertainty in the market and it is definitely not a good sign, especially if coupled with a bear market. Technically speaking I highlighted two major areas to focus on. The green one, around 9400, shows the level at which a reversal may appear. The breaking of 9400 (with a supporting volume) may signal the end of the bear market and the reversal of the trend into a bull market. The red one shows the current support at around 7800. If such a level is violated BTC is likely to fall even more and at a faster rate. A possible TP could be identified by the prolongation of the "pink line" that plots the uptrend support of BTC from it's launch. As a side note, less technical and more "macroeconomical", we are noticing how the market is getting somehow more mature. The big boom that took prices up to a 19k figure now diluted and even the appearance of institutional investors (big investment banks) into the market did not inflow much more liquidity into the system. Although I still think this market is headed for the collapse I think it will take some time. As a final thought, remember that "cash is a position"! **Not a trading advice, merely my idea and analysis for informational and educational purposes only**
BITFINEX:BTCUSD
by SteveEnnom
Bitcoin BTC - Future's indicator directionBitcoin Futures being a indicator within itself, although considered small in comparison to traditional futures, can predict trend reversals. Using three indicators: Price (direction), Contract Volume (contracts traded within day increases pressure related to price direction) and Open Interest "OI" (contracts rolled over at end of day determine flow of revenue) as criteria become particularly useful as reversal signals. We have had net-long positions (both early contracts and current, for those who expected price reversal) liquidated due to downward price trend and market uncertainty, this is displayed within both Cboe & CME. Onward from this we had an increase to contract volume & open interest as shorts were created now currently being covered as slight consolidation of both volume & open interest showing. The pattern displayed is that of initial bottoming of price/volume/open interest, following the "flowchart" of futures indicates consolidation of all three indicators before a final direction is chosen being these three indicators are contained which provides large leeway either side. While futures are affected by technical analysis such as Flags, H&S, EMA, those are usually on smaller time spans and rely on previous data and a lot of the time are already priced into the futures created. Looking at the CME Futures spread, overall the contracts are increasing hence the black upward trend which should be expected due to the limited time-span and nature of Bitcoin Futures, this should be taken into account when determining levels but should also be taken as positive when viewing Bitcoins future (as need both buyer/seller to create contract, spread hasn't changed much) Quite interesting the US capital gains first quarterly tax is due around the April expiry of Cboe Futures. Futures would indicate that the price range is bottoming with possibilities of most likely one more price drop before market rise, before US tax, Market rise after vol/OI consolidation or most unlikely, replay of net-longs being liquidated adding downward pressure to price to find a new bottom. This being only an signal should be taken into account with others such as volume (Sigwit now implemented by major exchanges but volume level seems to indicate traders are selling to traders, Retail is needed for recovery) and the Trend Line & Weekly 50MA converging to add support to break $11500 major resistance, both of these are needed for overall trend reversal but with volume proceeding trend, Futures are starting to become effective indicator for when large flow of money initiates. www.cftc.gov www.cmegroup.com BTC is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader