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Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. First of all, with the help of yellow lines, we will mark the uptrend channel in which the price is currently moving at its lower border. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the first support that is currently holding the price is $1851, then we have a support zone from $1687 to $1555, however when the price drops below this zone we can see a drop around the strong support at 1423 $. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $1916, from which the price bounced several times, the next resistance is at the price of $2230, and then the third resistance at the price of $2553. When we turn on the EMA Cross 200, we can see that they indicate an uptrend. The CHOP index indicates that we have a lot of energy for the upcoming move. The MACD indicator indicates the transition to a downtrend. On the other hand, the RSI is moving around the middle of the range, which makes it difficult to clearly determine the upcoming price direction.
by cryptodailyuk
Follow me: Gold rebounds weakly, pay attention to the 1946 regioYesterday the whole world was bullish, but I was still bearish, and I reminded you yesterday that gold was shorted at 1970, and the target was 1950, and gold really rebounded to 1970 at the highest, and then began to fall to 1939 at the lowest. Today gold is slowly oscillating upwards, which is what I expected. Currently bullish in the short term, stop loss 1930, short term is expected to be above 1950, take profit 1955, wait for the opportunity to rebound to 1952-1955 short, target expectation 1940, stop loss 1960​​​​ Next, I will continue to provide more trading signals, follow me!
TVC:GOLDLong
by ActuaryJ
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line that the price is moving at the moment. Locally, we can mark the downtrend channel with blue lines. Now we can move on to marking the places of support in case of returning to the correction. And here we see that the first support is at $26480 which the price is currently based on, then we have the first strong support at $25261 which held the price in the recent rebound, then the third support at $24023 and then the very strong support at $24023 $22,350. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance zone from $28665 to $29463, only when the price breaks it will we move towards the resistance at $30502, and then when the price breaks it, it will open the way towards the resistance at $33426. Please note the CHOP index which indicates that there is still a lot of energy for the upcoming moves, the MACD indicator indicates a return to the downtrend, while the RSI is moving in the lower part of the range, but with room for the price to go a little lower.
by cryptodailyuk
12
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review BNB in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the uptrend lines, as we can see the price is currently staying just below this line. Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support that currently holds the price is $257.2, but if the support is broken, we have another support at $230.7, and then a third very strong support at $197. Looking the other way, we see that on the way up, the price has to overcome a very strong resistance zone from $ 294 to $ 324, only when it positively tests it, we will move towards the resistance at $ 353.8, and then towards the very strong resistance at the price $396.3. When we turn on the EMA Cross 200, we see that for a long time the price struggled to stay above this level, but the bottom exit resulted in a strong price rebound and a return to the downward trend. Please look at the CHOP index, which indicates that the energy has been used, the MACD strongly confirms the return to the downtrend, while the RSI can also see a strong rebound where we crossed the lower limit of the range, which may indicate that the current correction is coming to an end.
by cryptodailyuk
1
Dollar Index ($DXY): Technical Analysis$DollarIndex could trigger a 3 or 5 wave swing on daily chart, and if this happens, the first Target should be around 106/107 area. That said, the trend remains bullish and the index should be bought on any correction. The technical structure on intraday chart is also very interesting, and it might be useful to develop it in our updates below as well. FUNDAMENTAL ANALYSIS (Click & Play on Chart below) Trade with care! 🚀 Like if my analysis is useful. Cheers!
TVC:DXYLong
by TheAnonymousBanker
4
RELIANCE POWER - WEEKLY CHART SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:RPOWERLong
by Tradelikemee
AUDCAD - CAD Strength On The Horizon?Analysis: Price has been in this downwards trend for a while now and we're expecting this to continue. Price has been forming a series of lower highs and lower lows which confirms our thesis that price is trending to the downside. Recently we saw price break below a key level of support and we're now seeing that same level get retested for resistance and we suspect that it will hold, as support can quite often become resistance and this level has held as resistance in the past before. To add to our idea we've also got the 50% fib retracement level at our area which we expect bears will be sat at wanting to push price to the downside which works with our idea. We've also got a downwards trendline which again we expect sellers will be waiting at, holding and pushing price down further. When we look at the fundamentals the AUD and CAD are both very similar in strength and weakness so there isn't any real bias here however we do still favour the CAD over the AUD as more institutions are exiting out of their short positions on the CAD and are in fact going long instead where as for the AUD we're seeing an increase in both long and short positions by institutions. Another factor why we prefer the CAD over the AUD is the the CAD is heavily related the oil prices. With Canada being the 4th largest oil exporter in the work and with the possibility of oil prices being on the rise again we could see the CAD start to gain some more strength. The AUD did have some positive news that came out yesterday however we don't see this bullishness continuing, especially after the AUD news release later on tonight which we expect will be bearish for the AUD. With all of the confluences factors that we have we get a short bias on this pair at this level so this is a pair that we are interested in. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
No More Crude Deals!Since its invasion of Ukraine, Russia has been pouring a little too much oil over troubled waters especially as far as the Saudis are concerned. With Moscow pumping cheap crude into the market, downward pressure on the commodity has seen it break and close below a key break-even level for Saudi Arabia. Saudi crown prince Mohammed Bin Salman has scheduled a list of 15 upcoming giga-projects that are intended to transform the kingdom’s economy over the next 10 years. Investment is going to run into the billions and the budget requires oil prices to be above $81 per barrel. An $81 hard floor is essential as attracting significant foreign investment for these giga-projects is proving very difficult. Earlier in the year, Saudi Arabia’s attempts to push oil prices higher by cutting back on production were rendered meaningless by Russia flooding the market with cheap oil despite an earlier promise to also hold back on increased production. This is part of a historical and, it seems, ongoing oil production related geopolitical conflict between Russia and Saudi Arabia (the Russia-Saudi oil price war). Oil prices have been in a sustained downtrend since the March 2022 peak with crown prince Salman getting a major scare in May this year when WTI and Brent crude hit a low of $63 and $71 respectively. A break and close below those levels would have created a cascade of investors exiting the market. Price however rebounded from those lows to consolidate within a tight range. OPEC+ met over the weekend with Saudi Arabia announcing that it will cut production by 1 million barrels a day in order to help prop up price. However, any idea of a done deal that will provide a clear direction for the near and medium-term price of crude should be treated with a healthy dose of scepticism. The Saudis did force some of the less influential members of OPEC+, such as Nigeria and Angola, to reduce quotas from next year but Russia following suit remains “under review” pending further analysis of current output. That’s code to describe how the Saudis and Russians are still fighting with each other to get what each side needs. The post-COVID pandemic world is a much trickier place for oil men and women to cut deals than before. The process of negotiating deals before the pandemic was positively crude compared to the headache-inducing complexity caused by the asymmetrical and mercurial nature of deals in the new geopolitical landscape. The invasion of Ukraine has weakened a Russian economy that desperately needs to find extra revenue to sustain the war effort whilst the Saudis are trying to diversify their economy away from oil by embarking on a series of hugely ambitious and expensive giga-projects. Those two aims are diametrically opposed as far as the output of crude is concerned. The Saudis on the one hand are trying to convince the Russians to stick to their agreement to cut production whilst at the same time planning to further reduce the price of their Arab light grade for customers in Asia. Saudi Arabia has cut the price of oil it sells to its Asian buyers several times already this year in a bid to try and secure its market share in the Asia region that has now become the largest importer of Russian crude. The Saudis are also in talks with the “BRICS bank” for membership and will need the Russians on side at that table, adding to the frustration of how aggressive they can be in convincing the Russians to cut crude production. We remain long-term bullish on crude with buys from strategic dips being the best play but please be mindful of any potential near-term breaks to the downside. We will be posting levels for intra-day traders in the future. Remember, that when you go to the market, be careful out there.
TVC:USOIL
by BluetonaFX
4
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, using the yellow line marked with the uptrend line from which the price broke down, and then we move in the channel marked with blue lines from which the price also goes down. When we turn on the EMA cross 200, we can see that we are below this line as to the actual downtrend, while with the Ema cross 10 and 30, the downtrend is also visible. Going further, we can move on to marking the place of support in a situation when we increase the correction. Here you go very strong support is at $4.98, if the support doesn't hold the price we can see a drop in the area and very strong support at $4.26. Watching the other side of the picture that the price has rebounded off the $5.53 resistance which is still the first first resistance for the price, then we have the second resistance at $5.91, then the third resistance at $6.22, then the price of the change in the direction of return at the level of $6.53. Please enter the CHOP index, which shows that there is still energy for the next move, MACD shows that you are on the verge of returning to the downtrend, while on the RSI we have a rebound and we are approaching the border of the border which may also indicate that a correction is coming till the end.
by cryptodailyuk
CADCHF - DAILY TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
FUNDAMENTAL ANALYSIS : Tesla Stock: Roundup May 31 The stock has recovered from its latest downturn, which saw it go below $200 for the first time since December 2020, which is good news for Tesla stockholders. Tesla stock increased 4.72% for the day and 8.7% for the week as of May 26 when it closed at $193.17. The following variables all contributed to the stock's increase: - An agreement with Ford (F) allowing Ford EV customers to use the Supercharger network of Tesla starting next year. Ford can provide its consumers with greater convenience and range, while Tesla can increase its revenue from its charging infrastructure. This is considered as a win-win situation for both businesses. - A report from Forbes that argued that Tesla shares will recover from their recent beating, as the company has a competitive edge over legacy automakers in terms of innovation, software, battery technology, and customer loyalty. - A bullish prediction from Wedbush Securities analysts, who kept their outperform rating and $1,000 price target on Tesla stock, citing robust demand for the Model 3 and Model Y in China and Europe. Tesla Stock Faces Challenges Ahead - Legal and regulatory challenges in different markets. For instance, the National Highway Traffic Safety Administration (NHTSA) is looking into Tesla for possible flaws in its Autopilot technology, which has been connected to multiple deadly collisions. Ex-employees and consumers are suing Tesla over a variety of claims, including fraud, contract violations, harassment, and discrimination. - Elon Musk's actions and remarks are unpredictable and volatile. The stock price can be significantly impacted by the Tesla CEO's unorthodox and occasionally contentious behavior. As an illustration, Musk has declared on Twitter that Tesla will no longer accept Bitcoin as a form of payment for its vehicles, citing environmental concerns. The value of Bitcoin and Tesla stock both fell precipitously as a result. While there are positive factors supporting Tesla stock, including the Ford agreement, positive reports, and analyst predictions, the presence of legal and regulatory challenges as well as the impact of Elon Musk's behavior introduce uncertainties that could influence the sentiment on the stock. Investors should consider these factors when making decisions about Tesla stock. Fundamentally I remain neutral as I see nothing immediate in the short term to cause major movements. Technical Indicators Technically speaking TESLA is extremely bullish and is it worth noting that only one oscillator at the moment is indicating overbought while all other remain neutral in a extremely bullish market which is very rare. I will publish a technical analysis markup on TESLA tomorrow
PEPPERSTONE:TSLA
by ChristopherDownie
Daily BTC 1WChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-week interval. First of all, we will use the blue lines to mark the uptrend channel from which the price goes sideways, while locally, with the help of yellow lines, we can mark the downtrend channel. Now we can move on to marking support areas in case the correction starts to deepen. And here, in the first place, it is worth marking a strong support zone from $ 26,437 to $ 25,262, however, when we fall below this zone, we can see a drop to around $ 21,684. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $28,635 to $30,271, when we manage to break it, we have a second zone from $32,979 to $34,819. Only when the price breaks through both zones will it be able to move towards resistance at $37,426 At this point, it is worth mentioning that the price is still in a long-term uptrend above the EMA Cross 200. Please note the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the transition to a downtrend, while the RSI is approaching the middle of the range, but there is plenty of room for the price to go lower to the previously mentioned support zone.
by cryptodailyuk
10
5 Key Factors Shaping US Dollar Trading This WeekThe US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress. The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets. The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June. Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility. The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
TVC:DXY
by BlackBull_Markets
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Now we can move on to marking support areas in case of deepening correction. And here, in the first place, it is worth marking the support zone from $ 27,462 to $ 26,854, but when we fall below this zone, we can see a drop around $ 26,342, then support at the price of $ 25,830 and even $ 25,148. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark the resistance zone from $27793 to $28294, once it is broken the price has to face resistance at $28934 and then we can see a rapid rise to $30864. Please pay attention to the CHOP index which indicates that we have a lot of energy to move further, the MACD indicator indicates an uptrend, while the RSI is in the upper part of the range with a small rebound.
by cryptodailyuk
8
FUNDAMENTAL ANALYSIS : GOLD - Analysis the mixed sentimentApril 17, 2023: Gold prices rose above $2,000 ahead of the release of inflation data. Gold is considered a safe haven and a hedge against inflation, so higher-than-expected inflation numbers could lead to increased volatility in gold prices. However, if elevated price pressures result in more interest rate hikes, it could reduce the appeal of gold as a non-yielding asset. May 17, 2023: Gold prices slumped as President Joe Biden and Congress leaders failed to reach a consensus on raising the debt limit, raising concerns about a potential default. The uncertainty surrounding the debt ceiling negatively impacted gold prices, leading to a 1.5% drop below $2,000 per troy ounce. The depletion of Treasury coffers and the possibility of a no-deal scenario caused some investors to consider gold as a safe-haven asset. May 29, 2023: The sentiment on gold was dampened by a tentative deal to suspend the U.S. debt ceiling and concerns about higher interest rates. The announcement of the deal to suspend the debt ceiling until Jan. 1, 2025, reduced the appeal of gold as a safe-haven asset. Additionally, the increase in U.S. consumer spending and inflation raised the likelihood of a 25-basis-point interest rate hike by the U.S. central bank in June, further dampening gold prices. The U.S. dollar index was near a two-month peak, making gold more affordable for overseas buyers. 8 hours ago (May 29, 2023): Gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on May 29. Gold futures and silver futures witnessed increases in their prices. The prices of gold and silver had also risen when the market closed on May 26. Current gold price: The current gold price stands at $1948.05 USD. Analysis of the sentiment on gold: The sentiment on gold appears to be mixed, with some factors pointing towards a bearish sentiment and others indicating a more bullish outlook. Bearish factors: The tentative deal to suspend the U.S. debt ceiling reduces the appeal of gold as a safe-haven asset. Expectations of higher interest rates, indicated by the likelihood of a 25-basis-point hike in June, dampen gold's attractiveness as it offers no yield of its own. The recent slump in gold prices below $2,000 due to the failure to reach a consensus on raising the debt limit and concerns about a potential default. Bullish factors: Gold and silver prices recording a hike on the Multi Commodity Exchange (MCX) indicate some positive momentum in the market. The anticipation of US inflation data and the role of gold as a hedge against inflation may provide support for higher gold prices. The potential inflection point and the possibility of gold bouncing off an ascending trend line may suggest a bullish sentiment. Conclusion Considering these factors, the sentiment on gold appears to be more bearish in the short term due to the impact of the debt ceiling discussions and the potential for higher interest rates. However, the bullish factors, such as the role of gold as an inflation hedge and the recent positive movement in gold prices, suggest a more optimistic outlook in the longer term. My technical analysis based on this information is available in related ideas below
PEPPERSTONE:XAUUSD
by ChristopherDownie
NOKJPY | Daily Outlook | Trade IdeaLooking at the Norwegian Crone/Japanese Yen (NOKJPY) daily chart we can see that it has been ranging for a while after bouncing of our key price level at 12.250 a few months back and has been consolidating since then after failing to break above 12.880. Now looking to the right we can see that NOKJPY just broke out of our current consolidation and if it manages to close below 12.600 I’ll be looking to hold my sells all the way down to 11.620 with my stops at 12.800.
Short
by mosa_moshka