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RLinda ! Ahead of week 46. Overview of DXY, GOLD, EURUSD, BTCUSDTomorrow opens a new five-day trading session, cryptocurrency is an exception, so trading is 24/7. What to expect in the 46th week of 2022? Let's figure it out! The dollar index falls to a three-month low Cryptocurrencies remain under pressure Fundamental factors hint at future rate cuts by the U.S. Federal Reserve Gold rises to $1772 by the end of the five-day session. (Chart 1. Dollar index. Daily timeframe. Price action and technical indicators) The dollar index fell about 3.8% to its lowest since Aug. 16, 2022 Thursday on better-than-expected consumer price index data, and it reached important support there. The downward momentum that ended last week is likely to continue at least into the beginning of next week. The long rally in the U.S. currency over the past two years has attracted a lot of dollar bulls, leading to an overcrowded positioning, and Thursday's data caused many of them to look for a quick exit. This was influenced by the biggest two-day drop in percentage terms (3.8%) since March 2009 Still, some strategists warned that dollar bears remain vulnerable to a possible rebound in the near term. Technical indicators: The dollar index is updating its low from Aug. 16, 2022. The trading instrument is gaining resistance in the form of the daily MA-50 and is seeking support from the MA-200, at the moment the moving averages are still pointing to a bullish trend. Daily MACD is in a bullish condition and just increasing the momentum in a bullish trend formation phase Daily RSI is approaching the oversold area, which also indicates a strong bearish move (Chart 2. XAUUSD. Daily timeframe. Price action and technical indicators) Gold rose in early trading Friday as the dollar continued to weaken after its biggest drop in 13 years after the U.S. reported Thursday that inflation rose 7.7 percent year on year in October, 0.2 percentage points below the consensus forecast, and China loosened some of its Covid-19 restrictions. The ICE dollar index was last down 1.85 points to 106.36, making gold more accessible to international buyers. Rising positive factors raised hopes that the Federal Reserve will slow the pace of interest rate hikes at the next policy committee meeting in mid-December, boosting stock and commodity markets. Technical indicators: Gold is gaining support from the daily MA-50 after breaking through channel resistance, and has almost reached resistance in the form of the daily MA-200 Price is in a range and might react strongly enough after testing the upper consolidation line MACD is going bullish, which is indicated by the Histogram, MACD line and the signal line, which is in the long zone relative to the neutral line. Daily RSI reaches the overbought zone, which also indicates a bullish trend, but also keep in mind that RSI may show a bearish signal in the near future (Chart 3. EURUSD. Daily timeframe. Price action and technical indicators) EURUSD is renewing its September high after a larger-than-expected slowdown in the US Consumer Price Index, with the currency pair on track to test August's high ahead of the US retail sales report amid rising speculation. Technical Indicators: The price is under the support of the daily MA-50, almost reaching the daily MA-200 on the resistance side, which also coincides with the consolidation resistance, which could trigger a pullback after testing, but if the price goes deeper into the long zone, this maneuver will provoke the activation of orders, which will only push the price up MACD is in a bullish mood, which is indicated by its indicators The RSI is approaching an overbought zone, which might coincide with a test of the consolidation resistance and the MA-200 and pull the price down a little (Chart 3. BTCUSD. Daily timeframe. Price action and technical indicators) Bitcoin's drop for three consecutive days registers a 6.5% drop in price. With sustained selling, prices could fall another 4% to retest support at $16,000 A global break of support in the $17622 range showed that the crypto market could extend the current bearish trend it initiated last year. Bitcoin's market value is 75.93% below its record high of $69,000 and is currently trading at $16,500 The coin's price is down 1.43% and is gradually approaching the psychological support of $16188. However, declining volume indicates that the continued decline has weak bearish momentum. Also: After nearly 11 years of inactivity, a significant number of bitcoins finally came on the move Friday morning. A total of 3,500 bitcoins worth more than $60 million came from seven unique bitcoin addresses created on Oct. 7, 2011. This is the first significant awakening of long-dormant bitcoins in months Technical Indicators: Bitcoin, after four days of heightened volatility, is back down to the average of recent months. The daily MA-50 and MA-200 are acting as resistance, the price is in a range between 17622 and 16188 and is aiming for a retest of the support. A breakdown of the support will open up the potential for bitcoin to fall to the 13970 zone Daily MACD shows bullish moves, as indicated by the histogram and the signal line Daily RSI after testing the oversold area returns to the retest, which also indicates a strong bearish trend. Regards R. Linda!
TVC:DXY
by RLinda
10
BTC - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent." Unfortunately, that bit of wisdom remains true today. BTC has been overall bearish for longer than we can stay solvent , at least we are trying to remain objective… aren't we? BTC is trading inside a big wedge pattern showing us the overall flow of the market. Last week, BTC rejected the upper brown trendline, acting as a non-horizontal resistance, and broke below the 20k horizontal support. For now, the next main rejection / support zone that might hold BTC up, is around the 10k - 12k zone. If this first support doesn't hold, which I also referred to as Floor 1, then a dive inside the Ground Floor would be expected. BTC would invalidate this long-term bearish trend, by breaking back above the 20k zone, for the bulls to be able to take over from a short-term perspective. What do you think? Which Floor is going to hold BTC? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
52
Failed Follow Through Days and 2022The the S&P 500 bear market statistics for the past 50+ years show that the average number of Failed Follow Through Days (FTDs) is 5. However, in the stagflation market of 1973-74, characterised by rising inflation and declining economic growth, there were a shocking 9 failed FTDs! If we exclude the two short bear markets of 1982 (only 53 days) and 2020 (V shape), then the average Failed FTDs is just a bit over 6. This might indicatate a historical precedent case for a stronger rally here Note, a distribution day, within the first five trading sessions after the market has a FTD, has led to a failure of the FTD 70% of the time. Also note, undercutting the rally day from the FTD implies a 95% failure rate
SP:SPX
by TintinTrading
1
SPY TURN AROUND OR BEARISH?The top purple line is a good representation of what happens when it breaks that resistance. The last time it did it was able to reach the 200ma. I don't believe it'll do that in these conditions. I believe it'll take a hard turn back down especially with people taking profits after the huge gap up today. Similar to Mon 12, Sep '22. I think this rally is a bull trap to get people to buy near resistance before taking a hard turn downwards on unexpected news.
AMEX:SPY
by KinCobalt
MARKETBy comparing bitcoin and gold and stock indices and analyzing the DXY index presented in the previous post, it is quite clear that the crypto market's compliance with other markets has been lost, and that too only with the fight of two exchange managers and some childish tweets to provide personal liquidity. While Bitcoin's conditions were better than other assets in the past weeks and it was able to maintain its position in the support area of ​​18500. However, it is expected that this area, which will act as resistance, will be withdrawn in the coming weeks, because the macroeconomic conditions that were announced with the inflation data and unemployment claimants today have created a suitable situation for the growth of risk markets.
COINBASE:BTCUSD
by MrHunterTradeInsight
Selling ongoing break of USDCHF low.USDCHF - 13h expiry - We look to Sell a break of 0.9835 (stop at 0.9861) Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today. Our profit targets will be 0.9771 and 0.9761 Resistance: 0.9880 / 0.9920 / 0.9950 Support: 0.9836 / 0.9800 / 0.9780 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
¡A Big Liquidity Gap!Introduce Hello trading community! As can be expected, the crypto market will suffer after the Binance sell-off. Not only that, but data on Alameda's balance sheet was also leaked, leading to a possible bankruptcy of the company. Fundamentals It is normal for a black swan with these characteristics to have an impact on all cryptocurrencies, including BTC, and the same way it happened with LUNA, with liquidations of positions and massive price drops. Additionally, the price of BTC found no buyers above 21080K, causing the price to break through this support and retreat to the 20K area. Today we have the US midterm elections and Thursday's expected CPI data. as two events that may bring volatility to the market. DXY is showing no bullish signs, and if it breaks below 110, it could fall to the support area between 108 and 109. FTT/USDT technical analysis On the daily chart, we can see a breakout of a descending triangle with a target between $10 and $12. There is no liquidity or related buying in this area. Also, the MACD has yet to complete its bearish development and the RSI 14 is at the 23 level. Good deal and profit! !
F
by CRYPTONIA5
solana in a bad situation :According to CoinMarketCap, SOL is the tenth largest cryptocurrency by market capitalization, but it may lose its position at the top as a result of the growing drama surrounding the FTX exchange. FTT and SOL tokens have been sold off after information about the possible insolvency of Alameda Research, an affiliate of FTX, and its CEO Sam Bankman-Fried became public. While it is clear that FTT is a native FTX token and a major asset in Alameda accounts, little is known about Solana. At the same time, Alameda has $1.2 billion in SOL on its balance sheets, according to the data. Experts note in this regard that, in addition to the pressure on the SOL price caused by
Short
by wisemanofc
2
2B Trading PatternIn an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse. The converse is true for down trends. This observation applies in any of the three trends; short-term, intermediate-term, or long-term. A 2B on a minor high or low will usually occur within one day or less of the time the high or low is made. For 2B's on intermediate highs or lows preceding a correction, the new high or low point will usually break within three to five days. At major market turning points, long-term 2B's, the new high or low will usually break within seven to ten days. In the stock market, after the new high is made, the failure to carry forward usually occurs on low to normal volume, and the confirmation of a reversal occurs on higher volume. The above can be found on the internet, just look up 2B chart pattern. I would usually recommend your default as being, sell low, buy lower. & buy high, sell higher. My next trading mantra would be that double bottoms are not Support, and double tops are not Resistance. They are where the stops are. And therefore a major target. But every now and then the market does turn. After a period of impulsive moves, the market comes to rest and goes into a consolidation. It may make one last attempt at continuing the prevailing trend, only to find there are fewer market participants willing to push it on. This is when you look for 2B's
UEducation
by Macrobriefing
MH Indicator on GBP/USD Vs. EUR/USD: Intra-day case study5-trade days (26th October 2022 to 01st November 2022), the MH (Market Hedge) Indicator was used to spot the Buying/Selling opportunity in the most correlated currency pairs of the World. In case of pairs trading one asset (GBP/USD) is bought/sold and simultaneously the other asset (EUR/USD) is sold/bought. In Currency trade, the most widely used leverage is 1:100, however, in the present case study, the leverage ratio was kept 1:50 (to be safer). Results: ROI was 57.26% in total of all the trades closed as encircled in the Chart. Out of the total 20 closed trades, only one was closed with losses (only $ 1.67 USD), highest profit from one trade was $ 7.38 USD, closed at 8:30 pm on 28th October 2022. Hence, you may assume the Risk-Reward ratio as 1:20 (0.05). Happy trading with MH Indicator Team, InvestSystemic
by InvestSystemic
Catching a Falling Knife with AMD on the 30 minute chartBetting on a price increase after a sharp price decrease is called "catching a falling knife". In fact, you may have heard someone say, "don't try to catch a falling knife." The analogy is meant to sound dangerous because it is very risky to buy a stock that is dropping rapidly. The hope is that if you time it right, you will get in at the bottom and make big profits. The opposite is true as well, but catching a knife thrown upward sounds like an even worse idea. I would like to suggest that it's possible to profit from a knife-catching strategy if you manage your risk and timing properly. In the chart for AMD, I've marked the opportunities to catch a falling (or rising) knife, which have been occurring on a daily basis for the past week. For AMD, a price bottom has typically been forming after the price has dropped significantly over the previous day. And a top has formed after the price has risen significantly over the previous day. Sometimes it's not clear if a bottom or top has formed such as on October 25. In that case, it's a coin flip (50% chance of being right). The key to success in this strategy is to set a tight stop loss and to buy or sell short during the pre-market (yellow-shaded area). There were at least 6 excellent opportunities last week to do this. Unfortunately, I wasn't paying attention to AMD until the morning of Friday, October 28. I saw the opportunity and realized that there was no way my order would have a chance to go through when the market opened if the price was making a dramatic move. I bought a half hour before the market opened (9:00 AM Eastern) and set my stop loss below the low reached post-market the previous day. Once the market opened, the price was already climbing and I got out before 10:00 AM Eastern. My risk-reward ratio was 1:5. That is, I risked 1 dollar for every 5 dollars I profited. Not too shabby. It appears that Monday is going to be another great opportunity, and I will be watching the pre-market closely. I will be setting a stop loss at 62.30 and a take profit of around 59.50. Although I will be watching for the right time to get out, which is usually when the price reverses, and I chicken out as I did on the 28th. Monday's trade will be going against the larger trend which I believe is heading to 73 by the end of November. See the link to my longer-term analysis of AMD. This is not a 100% fool-proof strategy, and the conditions that make this look easy can change completely and without notice. Also, the volatility can stop you out too soon. Take a look at October 22 for an example of where I would have been stopped out and lost out on the subsequent big move. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions. I'd like to add that developing these analyses is a powerful educational tool for the one doing the analysis (namely me). It helps me formulate my thoughts and plan my trades so that I can make the best decisions possible. I'm training my brain to eventually do this automatically when I glance at a chart. It's a skill that I hope will benefit me for the rest of my life. I hope you enjoyed reading as much as I did writing. Give some thought to publishing your own ideas. I highly recommend it. Have a profitable week!
NASDAQ:AMD
by cdnbuzzard