USDCAD retraces from double bottomAfter the strong drop from NFP, the pair started showing signs of recovering from the two bottoms.
Ichimoku Cloud
GBPUSD Prepare for trading on Official Bank RateHere is the array that I marked on the chart to prepare for the Official Bank Rate news trading. Always use a stop loss. Good luck.
BTCUSD waits for price to return to mid-range and sell downBTCUSD waits for the price to return to mid-range and sell down.
On the daily chart, it is in the cloud and is trending down toward the equilibrium price.
On the h4 chart, the price is below the cloud.
Strategy to wait for the price to rally up and continue to sell down. Called sell on the rally.
EURJPY short limit near the topA pending sell order close to the top gives a high rate of return.
Waiting time for order matching until May 9-10.
If the order is not matched, this pending order will be canceled.
AUDUSD short at triple highs The currency pair trades within the price range of the daily time frame.
Above H4 has reached the resistance level.
Stop loss at 0.6815
Target 0.6735
BTC small short in a rangeDaily chart:
price equilibrium is the 29000 Kijun line, the price is below the Kijun line. Although the daily candle has not closed yet, the current position of the price is entering the cloud.
These two shows that selling is dominating. However, if the price crosses the Kijun line, be careful.
H4 chart:
If the price closes below 28400 and is confirmed, the sellers have the upper hand.
You can enter the sell side with the target at 27800, and stop loss at 29150.
US INDEX goes lowerPrice is below the cloud, below the Kijun and Tenkan lines. The Chinkou line is below the price.
AUDUSD goes higher after accumulation phaseToday I post an analysis video.
I think it will be good for you to follow and it is easy for me to show my trading ideas.
If you find the content I provide valuable, please leave a like or comment.
CADJPY went out of cloudOn the H4 chart it's already out of the cloud. Manifestation for continued decline.
Chinkou Road is now clearly visible. It is in the lower position and nothing is stopping it.
It is possible that the market will continue to hit the area of 98.00 and 97.50 which is the equilibrium price on the daily chart.
USDCAD bearish signAfter the recent FOMC event, the pair is trading at a low.
On the daily chart it is out of the cloud.
On the H4 chart it closed the recent bottom at 1.3530
I think it will go down to 1.3485 and then bounce back to retest the cloud and continue lower.
USDCHF bounces from two equal bottomsUSDCHF bounces from two equal bottoms
Top down analysis:
On the weekly time frame you can see two equal bottoms.
On the H4 chart, a set of bullish candles appears.
It will hit up to 0.8930 or 0.8950
In my overview analysis, it is not easy to give specific entry and exit points on lower time frames like M15 or H1 so I don't have enough time to post on this. Wish you sympathize.
EURUSD remain upside above the cloudOn the H4 chart, it fell to the gap and quickly bounced back above the cloud.
The Chinkou line is now in position above the past price and in the open space for a move to the old top and higher highs.
Ichimoku Cloud Weekly Plan 24/04/23Waiting for the price comes back to the 4h cloud and selling short target 1950, stop loss about the cloud.
USDCAD retests the cloud and goes UPIt's out of the cloud and hasn't tested the cloud yet.
1:00 a.m. May 4 with FOMC news will be a time of high volatility.
If the cloud refuses it will bounce sharply.
If you like what I share, please support me by clicking Like or leaving a Comment. I will use it as an encouragement and indicator to give you even more analytical ideas. Thank you.
AUDUSD buyers are dominatingI see buyers winning. The price is above the H4 cloud and the Chinkou line is above the price. On the daily time frame, the price has already entered the cloud.
AUDUSD is undecidedAUDUSD is moving sideways for 2 days now.
On the H4 time frame it is stuck in the cloud.
I will wait for it to break out to find entry points.
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
The Kumo has been green for 41 days and is about 13% wide and is starting to tighten, especially the Senkou Span B is getting lower. The various lines indicate a downtrend situation with a sideways bias. Price has broken the Kijun and is approaching the Kumo and Tenkan Weekly, Tenkan and Kijun have crossed to the downtrend.
The Kijun Trend indicator now indicates looking for short positions.
Heikin-Ashi:
The Heikin-Ashi confirm a downtrend memento, also there Kijun and Tenkan are crossing downward.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat areas of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation has changed a lot since the last analysis, where the Heikin Ashi presents a series of red candles and the next support is the Kumo itself.
It is possible to find a sideways ABC pattern indicating the following levels: V 23400, E 25215, N 29015, NT 32815.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 28700.00
- Bearish/Lateral: 26500.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Ichimoku explained in one post Conversion line (Tenkan-Sen): This is a short-term moving average that measures the average of the highest high and lowest low over the past nine periods. It is used to identify short-term trends in the market. (9-day)
Base line (Kijun-Sen): This is a longer-term moving average that measures the average of the highest high and lowest low over the past 26 periods. It is used to identify longer-term trends in the market. (26-day)
Lagging span (Chikou Span): This is the current closing price, plotted 26 periods behind. It is used to confirm signals given by the conversion line and base line.
Bullish Cloud (Senkou Span A): This is the area between the conversion line and the base line, shaded green on the chart. It represents support and indicates a bullish trend.
Bearish Cloud (Senkou Span B): This is the area between two longer-term moving averages, shaded red on the chart. It represents resistance and indicates a bearish trend.
Amazon's Downward Spiral: Is the E-commerce Giant in Trouble?Amazon's stock has been running into the thick cloud of the Ichimoku on the monthly chart, indicating a significant resistance level that may lead to further declines. The Ichimoku is a technical analysis indicator that uses a range of moving averages to identify potential support and resistance levels. In this case, the thick cloud represents a significant resistance level that Amazon's stock has been struggling to break through. This suggests that there may be more pain ahead for the stock, as it continues to face downward pressure.
The first resistance price for Amazon's stock is around HKEX:107 , which is a critical level to watch. If the stock manages to break through this level, it may be able to gain some upward momentum. However, if it fails to break through this resistance, we could see further declines in the stock price. Given the current market conditions and the challenges that Amazon is facing, it seems likely that the stock will face more downward pressure in the coming months. As a result, investors should remain cautious and closely monitor the stock's performance in the coming weeks and months.
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been green for 28 days and is about 10.8% wide. It has widened and is looking upward. The various lines indicate a general uptrend situation.
The Kijun Trend indicator indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bullish momentum with no shadows below. This points us to some market strength.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat zones of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish after crossing the psychological threshold of 30000.00.
It is possible to find a bullish ABC pattern indicating the following levels: NT 27892.34, N 29876.78, V 31169.78 and E 31867.22.
It is important to assess the price close during the week on the following price structures:
- Bullish: 30387.00
- Bearish/Lateral: 29300
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
