One of the best IT stock - Potential to give 20% returnPlease refer chart for detailed explanation on technical analysis.
Find buying opportunity at/near support zone - Price mentioned on chart.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
Fundamentalanalsysis
DOGE returned to the area of support at 0.162$.Hello everyone, let's take a look at the DOGE to USDT chart on the 1D interval. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.162, if the support breaks down, the next ones are $ 0.152 and $ 0.143.
Now let's move from the resistance line, as you can see, the first resistance is $ 0.177, if you can break it the next resistance will be $ 0.196 and $ 0.221.
Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been used up.
USD/CAD; risk-sentiment what FED chair comment todayU.S. Dollar has bad news today as today the Federal Reserve Chair Jerome Powell comment that He's expect that U.S. equities market not just help boost as there're risk sentiment in the interest rate. As the past week, the U.S. interest rates was 25 basic points and dollar climb, but that will be transitory in the movement. But there're some chances that Jerome Powell going to increase the interest rate to 50 basic points in the next upcoming U.S. monetary policy that will be on May and June in this year.
And then, this will be bad news in shortly time. So guys, right now, that trend will becoming worse in the U.S. economy as inflation continue climb as maybe FED can't to combat a higher inflation that could to climb in the following months.
So, technically, we see that U.S. Dollar it's weak in this chart.
So, I have this overview what I look in U.S. Dollar/Canadian Dollar that can to hit down to $1.2470 CAD.
And now, analyzing this timeframe, I put a sell order limit at $1.2582 CAD and SL to $1.2628 CAD and target to $1.2470 CAD
So guys, if you like my analysis and do you like my own content, please follow me and share this perspective what I thinking about the economy, U.S. Dollar and how I'm a critic person that find up solution.
US30 M45 Trade ideaone of the best trade we are providing with all the confirmations,
we got more than 4 confluences to enter on this trade
1. market structure
2. order block or institutional last footstep
3. liquidity zone
4. trend trap
as we know structure is everything. and we got proper information about it.
BTC is fighting the resistance.Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price moves in the channel marked with blue lines.
Let's start by highlighting the support as you can see, the first support is $ 39,400, if the support is broken, the next one is $ 37,844 and $ 35,696.
Now let's move on to drawing the resistance line and as you can see the first resistance in the short term is $ 41,446, which is currently struggling with the price, the next resistance is $ 43,390, $ 45,846.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, we can expect dynamic movement on the days.
LUNA fights to overcome the resistance.Hi, Today we are going to do a short LUNA / USDT analysis 4 hours apart.
Let's start by marking the uptrend line with a blue line.
Moving on, it's worth highlighting in purple the current luna support line which is $ 86.76 based on fibretracement, the next support is $ 81.84 and $ 75.62.
To determine the resistance, we will use the fibretracement tool and the red line, looking at the price, in the short term you can see that the first resistance appears at $ 90.04, the next one is $ 92.83, $ 95.20, $ 97.42.
Please pay attention to the CHOP indicator, which indicates that we have a very high energy for the next move.
ETH goes above the downtrendHello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe.
Let's start by marking the downtrend line as you can see that the price is breaking above this line.
Now let's move on to the support line as you can see the first support is around $ 2,720 which is currently based on price, however if the current support is broken the next support is $ 2,582 and $ 2,393.
Looking the other way, it's also worth highlighting the resistance points that price has to overcome and we can see that the first resistance is $ 2,790, the next resistance is $ 3,192, and the next is $ 3,507 and $ 3,834.
It's worth paying attention to the CHOP indicator, which shows that despite the last move we still have some energy.
BTC is trying to go upHello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving below the trendline.
Let's start with the designation of the support as you can see, the first support is $ 38,593, if the support goes down, the next support is $ 36,711 and $ 34,343.
Now let's move on to drawing the resistance line and as you can see, the first resistance in the short term is $ 40,334 which is currently struggling with price, the next resistance is $ 41,240, $ 42,250.
Looking at the CHOP indicator, we can see that in the 1 hour interval the energy was used up.
USD/JPY - Fundamentally Bullish In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen.
1.) Higher Interest Rate in the U.S
2.) Bond Yield Differential
3.) High U.S Inflation pushing Rate Hikes From Federal Reserve
We also have some key technical levels to watch out for at 120.00 on the exchange rate.
BTC has a lot of energy in the 1D intervalHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame.
The price is constantly moving under the downward trend line.
Let's move on to the determination and we can see that the first support is $ 37,782, if the support breaks down, the next support is $ 35,561 and $ 32,828, then we already have a fundamental support zone from $ 31,272 to $ 28,798.
Now let's move on to the determination of the resistance line, and as you can see, the first resistance is $ 40,119 with which price is trying to fight, another $ 41,440, another $ 43,422 and $ 45,770.
Looking at the CHOP indicator, we can see that in the 1-day interval we have a lot of energy.
GBPCAD Analysis I It will continue to fall Welcome back! Here's an analysis of this pair!
**GBPCAD - Due to fundamentals over Russia Ukraine tensions, expect more downside to support.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
ADA gains energy in the 4H interval.Hello everyone.
Let's take a look at the ADA to USDT chart on the 4H time frame.
Note the blue line that marks the downtrend, as you can see the price is moving underneath it.
Now let's move on to determining the support line that the price should encounter in the event of a further correction and you can see that the first support is at the price of $ 0.85, if the support does not maintain the price, the next one is at the price of $ 0.80 and the next support at $ 0.75.
Looking the other way, it is worth drawing resistance lines that the price must overcome if the price starts to rise, the first resistance will appear at $ 0.945, and the next resistance at $ 1.006 and $ 1.065.
On the CHOP indicator you can see that in the 4H interval we gain more and more energy that can be used for the next move.
ETH on local correctionHello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe.
Let's start by marking the downtrend line, because you can see that the price has rebounded from it.
Now let's move to the support line, as you can see, the first support is around $ 2587 over which the price is currently hitting, the next support is $ 2403.
We are in between support and first resistance at $ 2,685, another resistance at 0.382Fib at $ 2,798 and another resistance at $ 2,897.
It is worth paying attention to the CHOP indicator, which shows that the energy in the 4H interval is exhausted.
WTI Oil Coming Lower to 1980s After Russian De-escalation? Currently Oil is sitting at a resistant trendline on the higher timeframes with a strong bearish candle being printed so far, about 2% down today. We've formed a double top on the timeframes below and after a brief pullback we're ready to move lower. This change in sentiment comes from the news that Russia has begun to withdraw troops off of Ukraine's borders but still looking to show off it's military power in drills that will take place in the future. Western media were salivating for war with Russia, an enemy it has built up in recent years, but in leaked wikileaks cables from 2008, Russia predicted the destabilization of certain Ukraine regions once the West tried to push into Ukraine because pro-Russian communities would begin to fight back. This has since come into fruition since 2014 and so Russia are clearly not acting on a whim, but rather a strategic posturing I would call recent events. Putin has not been afraid to downplay the strength of the Russian military in comparison to that of certain Western countries so it doesn't come as an ego damage that he would remove some troops. We'll see how this plays out but the situation has been overly exaggerated and now we will see outflows from safe havens if the above still holds through in the days and weeks to come.
AUDUSD Long Term ShortFundamental Insight:
Clear down trend and good non sense correction. Another dovish RBA press conference confirmed that this still fundamentally correct short and we are scale in short position. At the otherside, the hike expectation from Federal Reserve is keep growing, Bank of America projectiong 7 hikes this year as Fed was confirmed that they are already behind the curve. Of course there always possibility for price to not go directly into our expectation. And if it is so, we will averaging loss carefully into this pair. So this could be a multiple entry short.
Buy on dips for 40% returnHi All,
Please refer chart for detailed explanation on technical analysis .
Falling wedge is one the most accurate pattern. One can use buy on dips strategy.
If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses.
You can also check my Axis Bank trade for 20% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared.
Feel free to leave any questions you have in the comments! I will gladly respond to them.
Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
92.62% STRONG STATISTICAL ANALYSIS FOR CADCHF BUY LIMIT Statistically speaking, I've been this for so many years.
Technical Analysis is not just all about drawing lines and key levels.
I calculated some currency strength between CAD and CHF.
CAD is strong and CHF is weak from the previous week and it will continue until now.
SRT was defined in our charting.
In this area, we create a cipher pattern that shows a clear harmonic pattern of the long position.
We can't put a target price in our Fib. Golden Ratio due to the fact there is a potential liquidation in that area.
We should buy low in this pair.
We will follow the institutional banks in their trade.
There is a clear direction of uptrend here based on our Trend Analysis with the integration of swings, trend line, and volume profile.
The Wave Analysis was integrated with our Cipher Pattern with 0.886 or 0.786 target prices.
FX:CADCHF has a long position with winning high probability to trade on.
One Query on Cardano's FundamentalsThis analysis isn't really about ADA's price action, but on Cardano's fundamentals.
Cardano was founded back in 2017, and takes pride in adopting a process that relies heavily on academic research and engineering best practices.
However, it makes you wonder, if Cardano's management takes so much pride in research, why would they name it after Gerolamo Cardano? After all, this is the Cardano who made predictions, even the day of his death, but killed himself because he woke up healthy on the day he predicted he would die.
The choice of a company's name is one of the most important decisions a company can make.
SHORT ON GOLD - SUPPLY & DEMANDGOLD is currently at a key supply zone, marked out on the 30M timeframe. Previously, GOLD has rejected this zone with strong momentum, and we can already see strong selling pressure at this zone.
We've just seen a huge bearish engulfing candle formed the 30M timeframe, creating a new lower low. I am now looking for GOLD to come up to supply once more to complete the head & shoulder pattern making that lower high which so happens to line up with the 61.8 Fibonacci level.
I personally believe GOLD is heading higher into the 1800 (Golden zone) where we have another supply zone, however GOLD has started to reject the 30M supply zone instead but please do trade with caution!
Long-term- I believe GOLD is going to break out of this range and head up to the mid-1800 area in the next few weeks/months. This idea is fuelled by the high inflation rate around the world, specifically the US where they are at a 38 year high of 6.8%. GOLD is seen as a hedge against inflation and with concerns over the new Covid variant, investors may start moving their money into safer assets such as GOLD / US Dollar / Japanese Yen.
This is merely a possibility and a trading idea so please do trade with caution and ensure correct risk management is implemented.
Good luck and let me know your thoughts!
How to trade fundamentals (AUDUSD BUYS)Hey traders!
A common question I get is, do I trade fundamentals??
-From my experience it is to hard to trade off the back of data releases as the moves are to quick to happen and usually get very messy...
-Fundamentals I believe just help push a currency in the right direction as technicals give us the entry points to catch these moves
-For me its a rule to always have my stop-loss at breakeven when trading around the times of any news event or data release.
-It is important that we always know when a big event or release is coming out to cover any trades we currently have running or are about to open, price can move so quick and cause slippage on accounts especially if you are over leveraged.
-So the answer is I do and I don't trade fundaments, the aim of the game for me is to already be in a position with stops at breakeven to catch the bigger move but also protecting my account at the same time, at the end of the day we never know what's going to happen and price can do some wild things...
......... fundamentals overall control the market but technicals provide us with the entry points and create market structure.........