Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends
Dear Respected Members, Speculators, and Traders,
My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports:
Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts.
Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023).
U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023).
These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights.
Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments.
Best regards,
Ely
EMAS
Factors Contributing to the EUR's Decline Against the USDDear Esteemed TradingView Members,
Environment
In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including:
Economic Disparities: The ongoing economic challenges in Europe, particularly the energy crisis and the escalating war in Ukraine, have dampened investor confidence in the region's economic outlook. This has led to increased demand for the USD as a safe haven asset.
Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
Technical Breakdown : The EURUSD pair has broken through significant technical support levels, signaling a potential shift in market sentiment. This technical breakdown has accelerated the EUR's downward trajectory.
Political Uncertainties: Ongoing political uncertainties in Europe, such as the upcoming Italian elections and the potential for renewed tensions between Russia and the West, have further weighed on the EUR.
These factors have collectively contributed to the EUR's recent decline against the USD. While the EUR's depreciation may pose challenges for European exporters, it could also benefit European tourism and make European goods more competitive in international markets. The future direction of the EURUSD pair will depend on the evolving economic landscape and monetary policy decisions in both the eurozone and the United States.
Technicals
The bottom chart shows strong bullish candle on DXY today. Furthermore, the EUR price was overbought compared to EMAs see the top chart, where price has been highly above all the visible EMAs, and the RSI printed a bearish cross on the middle pane. EUR could fall to at least an EMA20 retest, which is around the upper blue line. Persisting bearishness could find the next support at the bottom blue line. These blue lines are historic supports, which could stop or reverse bearish progress.
Disclaimer:
This is not investment advice. Conduct your own research. This publication explains only one aspect of my approach, not my comprehensive strategy. The idea focuses on observations around the price action; reading the indicator descriptions is recommended for understanding of the calculations.
Kind regards,
Ely
RNDR/USDT - Possible Head & Shoulder Pattern? We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone highlighted in yellow.
It's key for us to observe the price behavior near this neckline. A bounce from here might delay the bearish forecast, but if we're seeing consistent lower highs forming on the right shoulder, then it shows us some downward movement. We're looking for a solid closure below the neckline to consider any bearish positions seriously.
But meanwhile, we shared a few possible setups that can happen on the RNDR coin in the next week or two.
Swallow Team
LINK/USDT - Potential Drop Of 18% !?!We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the resistance above, we could be eyeing new highs.
Swallow Team
XRPUSDT 25% to 70% Bull move??Sunday analysis.
Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents.
Good Risk/Reward here.
Ascending Triangles target is around 0.83 cents, 50% move.
Price has respected nicely the 9EMA support (picture below)
Check out my analysis about DYDX or GOLD which are still active DYDX GOLD
-PalenTrade
📊 Bitcoin's Tight Range: Preparing for a Breakout 📊Bitcoin, the flagship cryptocurrency, has been caught in a narrow range lately, oscillating between the SMA 100 and SMA 200 on the charts. This tight consolidation phase has traders and investors on the edge of their seats, anticipating a potential breakout. Let's explore what this could mean for the world's most prominent digital asset.
The Narrow Range Dilemma:
Bitcoin's price has been tightly bound within the range defined by the SMA 100 (Simple Moving Average over 100 periods) and the SMA 200 (Simple Moving Average over 200 periods).
Such consolidation is often a prelude to a significant price move, and traders are keenly monitoring the situation.
Awaiting the Breakout:
While Bitcoin's price action within this range might feel constricting, it's an integral part of its market cycle.
Traders are looking for a breakout, which could potentially set the direction for the cryptocurrency's next big move.
Significance of SMAs:
The SMA 100 and SMA 200 are key moving averages used to identify trends and potential reversals.
Crossovers or price action around these levels can provide essential trading signals.
Predicting the Unpredictable:
Predicting the direction of the breakout is a challenge. It could be either bullish or bearish.
Traders are advised to have a risk management plan in place to protect against unexpected market moves.
Trading Strategy: Preparing for Volatility
Traders can set price alerts or use technical analysis tools to be alerted when the breakout occurs.
Being prepared for sudden market volatility is vital when positioning for a potential breakout.
Conclusion: Bitcoin's Quiet Storm
Bitcoin's tight range is reminiscent of the calm before a storm. While it's uncertain which direction the market will take, it's crucial for traders and investors to be ready. Whether it's a bullish surge or a bearish dip, Bitcoin's journey continues to captivate the crypto community.
As Bitcoin teeters on the brink of a breakout, keep a close eye on your strategies and adapt as needed. The cryptocurrency market is filled with surprises, and staying informed and agile is key to success. 🚀📈🌐
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Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend.
The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop.
Approaching the Ascending Support Trendline
Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news.
FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure.
The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement.
In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance.
Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline.
Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
Bitcoin Weekly Analysis- Sell Signal Below Resistance Trend Line
- Squeeze between EMA 144 and 233
- RSI Picking Up
- MACD Neutral/Descending
Looking back to 2020 we can see a similar pattern.
What this mean?!?....
Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000 region.
It was like this throughout September, squeeze between the two EMAs.
We will definitely have a lot of volatility this month and perhaps until the end of the year.
EMA 200 Support : Bullish Signal 🚀📈📊 The EMA 200 Line: Imagine the EMA 200 as a historical trail, highlighting the average price over the past 200 days. It's like a long-term perspective on Bitcoin's performance, smoothing out short-term fluctuations.
⏳ The Prolonged Stay: Looking back, we find that Bitcoin spent a whopping 280 days beneath the EMA 200. This period reflects a phase of prolonged consolidation, indicating a more neutral market sentiment.
🚀 The Bullish Breakout: What's captivating is the moments when Bitcoin managed to break above the EMA 200 after such a prolonged stay. These breakouts often signaled the dawn of a bullish trend, igniting excitement among investors.
📈 A Signal of Potential: The EMA 200 breakout holds significance because it reflects a shift from consolidation to potential growth. It's like breaking through a ceiling, paving the way for upward momentum.
💡 Insight for Investors: While the EMA 200 isn't a crystal ball, it's a tool that savvy traders keep an eye on. A breakout above this line might indicate a potential shift in market sentiment and a new chapter in Bitcoin's journey.
So, what's the bottom line with the EMA 200 and Bitcoin's story? 🚀 It's about recognizing patterns that history unveils. The EMA 200 breakout often hints at a potential shift from stagnation to a more bullish terrain.
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HZN ASX Price action has been adhering to the uptrend channel for a while. Tested res @ 0.165 several times and a base forming on the 0.150 support with the 200 day EMA coming in.
Might look for a slight retrace and see whether this candle closes above the 10 day EMA. Has respected most of the uptrend with solid support & resistance points interacting with the 200 day EMA.
Watching:
28/8/23
0.160
Bitcoins weekly EMA'sWhen looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom especially when looking at the longer time frames. The price rarely wants to stay under the 200 Weekly EMA which we're currently testing at around 25668.
in the coming weeks i foresee the 20 crossing back above the longer time frames and we rally towards 35k to 42k before retesting 28.8 k as support.
LEMONTREE - Channel breakout - 20% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
RIC Trend ASXApproaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area.
Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970
XAUUSD |BUY at 1937-1940 | Target 1980 to 2000Hello 500 bros!
In the 4H time frame, I see that the price zone 1937-1940 has an FVG and strong demand here. I'm waiting for a liquidity sweep and continue to target price 2000 which I have been aiming for since the beginning of July.
I come back with a pending BUY position (buy limit) at the price range 1937 to 1940
Target1: 1960
Target2: 1980
Target3: 2000
Schroedinger's EMA CrossSometimes, when a long term EMA is in proximity to a short term EMA, it is known to be some of the most important confluences for long term swing traders, known as the "Golden" and "Death" Crosses. Sometimes, the market makers like to take advantage of traders looking for this confluence. This is what causes expansive volatility within these ranges. It can also be noted that the areas where the EMA thenselves crossed can be massively strong levels price will be attracted to later, as well as often important fibonacci confluence.
VGXUSDTVGXUSDT has broken very important support zone and currently retesting that support. As the price is under 50 EMA pressure it seems like after successful retest of broken structure price may head even lower.
XAAUSD Strategy to Trade any Pair Testing Phase 1so weekends for many mean relaxing, but for many of us it is, contemplating what went wrong, strategizing our risk management and tweaking our strategies.
I Had a thought that instead of trading during news and peak session, why dont we trade after the market has done what it has done and enter when the strength has weakened, this way we might cut unnecessary loss during news and peak sessions and aim for 3-5$ profits/loss.
its less stressful, you don't need to sit the entire day or half a day, the process might be long and might require patience but its worth it. This may suit swing traders who can hold position for more than a day, but my basic idea is to enter and exit before the day closes(for testing purpose only).
So basically i will take 2 EMA's 20 and 200, During the end of the day i will look to get in to the market.
Conditions : There needs to be a maribozu candle above or below the ema, depending on if its a buy trade or sell trade.
For buy trade the candles should be above both 20 and 200 ema and for the sell trade it should be below the 20 and 200 ema.
Our Entry : will be after it breaks the maribozu candle body.
Risk Ratio : 1:1 for starters
Note: This strategy is risky if you account size is below 5000$
Will backtest this and keep sharing updates.
AUDJPY LONG PROJECTIONAUDJPY on daily showing strong bullish momentum with EMA's crossed over confirming buyers coming into the market with a resistance turned into support broken as well as the trendline. On our H4 execution timeframe we are seeing a pullback to the broken daily trendline and H4 support zone which will set us up for long positions once the trendline and support have been retested and rejected.