NZDJPY Hello friends
In the NZDJPY currency pair, we see sharp and strong growth.
In the formed ceilings we see the divergence.
If he pays attention to the trend line which is drawn as support, he can initiate a corrective process if the trend line breaks and pullback to it.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
M-oscillator
Arcblock (ABT)** requested analysis **
On the above 2-day chart price action has corrected 50% since the sell signal in late January. Now is a good long moment. Why?
1) You know why.
2) Past resistance become support.
3) Support prints on the Fibonacci 0.786
4) Multiple oscillators print positive divergence with price action. On both USD and BTC pair.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: 2%, tiny market cap
Timeframe: Now
Return: No idea
Stochastic Momentum Indicator - Signal Over bought and Over SoldStochastic Momentum indicator signal over bought and over sold oppurtunities. Oscillating between 0 and 100, with above 80 signaling overbought and below 20 signaling over sold. These indications provide another check on your checklist for buy or sell oppurtunities.
WazirX (WRX)On the above 6-day chart price action has corrected over 90% since the sell signal in April 2021 (not shown). Now is the time to be long. Why?
1) You know why.
2) Price action and RSI resistance breakouts.
3) Multiple oscillators print bullish divergence over 120 day period.
4) Point no. (3) occurs on past resistance.
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: HKEX:19 / 100x
TXRH a western theme restuarant stock LONGTXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner
Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up
for more than six months. There were corrections in January and April. I conld suppose
another correction may occur in July whne trading volumes are lower for the summer.
In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or
the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not
be the best place to take a long trade but in this case I believe that the momentum will
persist and the trade will be quite profitable.
NasdaqPrice gave very good movement, nearly 300 points yesterday and now it is at crucial zone. 18600 is important in deciding the trend direction.
Buy above 18630 with the stop loss of 19590 for the targets 18660, 18700, 18740 and 18800.
Sell below 18550 with the stop loss of 18590 for the targets 18510, 18480, 18440 and 18400.
!8500 can act as support.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SPX500 potential buy the dip opportunityYesterday the SPX500 dropped around 0.8%. this sets up an interesting dynamic where short-term traders may look to capitalize.
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Past Performance is not an indicator of future results.
Utility Buyers Getting GreedyUtility stocks have been on a tear recently. Just a few days ago, 93% of the stocks in the S&P Utilities Index were trading above their 200-day moving average, and now the breadth is deteriorating rapidly with just 80% of these constituents above their respective MAs.
After today's slide, it seems the line of least resistance is to the downside, at least in the short-term.
$SPY May 24, 2024AMEX:SPY May 24, 2024
15 Minutes.
AMEX:SPY opened gap up.
Close was bad. as it closed near low of bar.
Having expected 534 on upside, short opportunity came easily.
We have 2 issues.
AMEX:SPY made ATH. But close in daily and week so far is bad. Near low of bar.
So, if today we have a closure near end of bar in week. Next week we will have downtrend.
So now buy is confirmed only above 533.5 levels.
Till then we keep shorting. For the moment.
For the day any retrace to 529.5 for the fall 531.49 to 524.73 will give opportunity to short.
We are having 517 as 21 EMA in daily.
Thats the target I will short next week.
Hedera (HBAR)On the above weekly chart price action has corrected over 90% since the sell signal (not shown). Today is great long opportunity. Why?
1) RSI and price action resistance breakout with support confirmation.
2) Multiple oscillators print bullish divergence.
3) Trend reversal. Higher highs higher lows replace lower highs lower lows.
4) The macro bull-flag confirmation prints the 50 cent target.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: 8x
Is Gold on the verge of collapsing in 2024?On the above 2-week chart price action has enjoyed a 100% move in only 8 years. A number of reasons now exist to consider a bearish outlook for Gold, including:
1) A triple top on legacy resistance.
2) Regular bearish divergence. The number of oscillators now printing negative divergence with price action is actually greater than the positive divergence that printed in early 2016.
3) Looking left, with this divergence, Price action is forecast to drop below $1400.
Ww
SPX500 hourly tending to positiveThe SPX500 has some potential positives to it. These just need to convert. We're looking at trend-following indicators and momentum indicators.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Is Soybean Oil Heating Up? Of the grains and oilseeds, soybean oil has been the clear laggard. Corn, wheat, soybeans, and even soybean meal have seen notable rallies over the course of the last 4-6 weeks. However, there are indications that may soon change. As ingredient buyers know, soybean oil typically trades at a significant premium to its rival palm oil. The chart below overlays a 5-year continuous chart of front month soybean oil futures prices along with a 5-year continuous chart of Malaysian palm oil futures. As displayed by the chart, in each instance over the past 5 years in which SBO’s premium has eroded relative to palm oil, we’ve seen soybean oil prices rally in excess of 15%.
Fund Positioning :
Extreme fund positioning is typically viewed as a contrary indicator. As such, managed money funds holding their largest net-short position in soybean oil futures of any point in the last 5-years adds to the bullish case in the immediate term. Per the last CFTC Commitment of Traders report, managed money was holding a net-short position of 58,748 contracts. In the instance that prices grind higher, short-covering on behalf of managed money could accelerate a move to the upside.
Technicals :
Lastly, the technical landscape of soybean oil also looks constructive. There is significant bullish divergence between the two most recent lows, and a standard 14-day RSI. In other words, the most recent successive lows came on less conviction. A break and close above the most recent swing high of 50 should lay the groundwork for a test of the swing-highs observed last July between 64 and 66.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
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Performance Disclaimer
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
end of the gold up trend?in my opinion in these few Weeks gold will start a Down trend but there are two scenarios that might happen if it starts Down trending:
1. As you see it Touches the yellow area and gonna start down trending
2. Next few days Gold touch the red area and after checking oscillators and indicators you will see The reversal signs!
but I think the possibility of the second scenario is stronger because if you check Four hour timeframe With An oscillator like stochastic You will see it's going to the oversold area And it Means the up trend hasn't ended yet !
if Oscillators converging in multi timeframes (4h/1D/1W) then we can say down trend will start and it olny happen when price touches the red area !
Both of the two scenarios are based on the Elliott waves and Robert Minor strategy
good luck !
Yield Guild Games (YGG)- Bullish divergenceOn the above daily chart price action has corrected 95% since November. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence.
3) The 3-day BTC prints the same conditions as 1 and 2 (below).
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 4 months
Return: 7x / $2.40
3-day BTC chart
🚧GTAIUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
KUCOIN:GTAIUSDT
Today, I want to analyze GTAI for you in a 1D time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
🔵We have a Bullish Structure here
GTAI formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout , ended correction waves, & starting 5th impulse waves.
also a bullish Divergence (RD+) on RSI & MACD which shows Positive Signs for GTAI.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 5th waves.
🟢Bullish Regular Divergence(+RD)
🟢Bullish Divergence (RD+) on RSI & MACD
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!