Moving
EURUSD intraday gains expected above 1.1410The euro currency remains well supported against the US dollar in early Monday trade, following a dovish speech from Federal Reserve Chair Powell on Friday. The EURUSD is expected to advance higher on an intraday basis while the pair trades above the 1.1410 level. A daily price close above the pairs 100-day moving average is essential for further technical buying in the EURUSD.
The EURUSD pair is intraday bullish while trading above the 1.1410 level, key technical resistance is found at 1.1470 and 1.1500 levels.
If the EURUSD pair moves under the 1.1410 level, further losses towards the 1.1360 and 1.1330 levels remain possible.
USD/CAD Finding Support at 1.3600Sorry for the delay in updating the USD/CAD trend analysis! As you can see, the channel trend is clearly broken though now and the question is what is next for the pair, does it find new support and go higher, or is a counter-trend forming?
On Wednesday, oil prices shot upwards, which led to a selloff in USD/CAD. For most of that day, the 1.3600 level was the basis of resistance, and USD/CAD ended the day 36 pips lower. However, the selloff was short-lived, as by Thursday, the previous session's high was reached. It is also of note that the price opened below the 1.3600 psychological resistance and was able to close above it, on Thursday. Friday actually found support at the 1.3600 level. I think this is signalling that a new support is shaping up, and could be a buying opportunity in the expectation that the trend continues moving upwards. And this is all in the context that USD/CAD has been trading well above its 9-day moving average, even with the selloff on Wednesday. While I think it might regress downwards in terms of the rate of upwards trending, USD/CAD is still clearly in an uptrend.
I would look to open a USD/CAD position at 1.3638 with a stop loss at 1.3595 and setting the first half of take profit at 1.3690.
Please let me know whatever feedback or comments you have!
Sneak Peek: Intelligent Moving Average (AI)Here is the first sneak peak of the beta-version Intelligent Moving Average (AI).
Remember, this is currently the ONLY intelligent indicator on TradingView and any other indicator labelled as an "Intelligent" indicator may not be artificially intelligent.
I have been working hard to publish this in a reasonable amount of time and I should be done with it within the next couple of days (or less.)
Thanks for all of the kind messages and support.
SPY - Short Term Trading Opportunity (Long)Whats up Traders -
Looking for a scalp opportunity here with the appropriate conditions. I need a break above the EM9 for this to be valid, on at least the 15 min chart. 1 hour chart better yet. But the move may happen too quickly to wait for a one hour close.
Keep your powder dry and your mind clear. Best of luck traders
QQQ short term gainsWhats up Traders -
When is the last time that we broke the 50W MA and did not touch the 200W MA?
DYOR and find me an answer to that question.
Finding support on the 200 week moving averagethe BLX chart has the cryptomarket charted since 2011 and during that charts entire existence we have always held support above the 200 week moving average (in blue) We have now touched it again and are seeing a relief bounce....judging by the weekly stochrsi we will likely see a nice bounce here. However I think t his rally may be temporary I think we may ultimately maintain support on the 200 weekly moving average but we may revisit and throw a wick well below it for our capitulation candle (around february) although we may still close that capitulation candle above the 200ma as well. A good time to be long temporarily but remember we likely haven't seen our capitulation candle just yet.
XAU/USDGold coming off 800MA that is about to meet with a turned down 200 MA on daily. Definitely strong area of resistance. Divergence on 4hr.
GE HIT LOWS, NOW IS THE TIME TO GO LONGI really think that the bashing of GE is now over, the last time this stock was at these lows was in 2008 which was a blood bath, and 1984, as much as cash flow issues as they have had, the new CEO has a lot of work a head of himself. Here is the reality, and Investment in GE Is an investment in America, and say what you want about the tariffs, the trade war, the FEDS raising their rates, we are strong. GE will move back, only a short time.
NAT POSITIONED TO MOVE QUICKLYNAT has been hammered for a while now as market pressures, tariffs, cash flow struggles, and continuous cuts to Dividends. I do believe that this stock will bounce back up 30% increase with-in the next 3 months. This is a great stock for a beginning investor and more importantly low risk as the stock will struggle to move back to the 52 week low. I am a big believer in this company both fundamentally and given technicals. The majority of the fleet is dry shipping and not oil as oil is getting hammered and NAT is signing more trade deals. BUY NAT NOW SELL AT ONCE IT PASSES THE 1/4 OR 3.50-$4.00 MARK. GREAT TRADE FOR LOW RISK AND BEGINNER.
BITB BTC - Getting ready to move - Bottom Finally confirmed!Again it's finally that time - BitB is about to move in the right direction.
As you can see we found our bottom around 30.
This coin tends to pump when it moves and this is what we don't want to miss
The market has been very dry lately and Bitcoin may predict the outcome of the coin.
We are currently setting up for the same scenario chart wise prior to the last pump
Mac D is showing positive signals Hoping to see increased volume over the next couple days
Entry - 30-35
TP1 - 60
TP2 - 71
TP3 - 80
TP4 - 91
Stop Loss - Close Below 29 Sat
Since this is a very cheap coin profit vs risk potential is very good.
This information was posted as my analysis of an opportunity,
I do not in any way offer financial advise.
If you choose to join in on the opportunity - You are doing so at your own will.
Path of least resistance is DOWNEURUSD,
The path of least resistance is down. There is allot of overhead on multiple timeframes is the pair is to head higher.
Plan
Sell rallies till EURUSD breaks its longer trend.
EURUSD ProjectionHi Guys,
This is what I see in the EURUSD. So basically I see the price breaking the 1.200 Major aiming the 1.100 Major. In doing so, I see the price breaking the B point of a possible massive shark with a retesting pullback over the 50% resistance forming a little baby shark in an inconvenient position, :D where if the price closes above the D point of the little shark is most likely to aim for the bearish trendline aligned with 1.175 quarter where I expect a big bearish bounce. If the price closes below the 1.150 quarter is most likely aiming for the completion of the big shark, finding a bit of resistance at 88.6% zone for bullish trendline retesting, where I suggest going short, aiming than the smooth completion of the massive shark where I suggest then to go long aiming the retesting of the broken bullish trendline.
Hope you'll find my work helpful ;)
Crucial moment for bitcoinThe 196 day moving average on 3 day chart appears to be an uptrend support line since the beginning of the last bullrun. If we break below (EG. visit 5800 again or anything less than 6000) expect us to slide all the way through to $4300.
MA200 resistance, will BTC manage to break through?It looks as if BTC could make it this time, however there are still mixed signals.
Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line.
Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again.
I have to admit that I am undecided right now.
I will just wait and see if BTC makes it through the MA200, if yes, I am getting more bullish again short and mid-term (longterm I am as always ultra bullish hehe).
USOIL-Weekly... Check it outOff pitchfork in an ending diagonal, 800MA on weekly. Equal length to the first 3 wave move... Just did a flat correction and broke out bottom, Oil news coming. Safest to time entries on the pullbacks. It is technically possible for it to come down A LOT. Check your fundamentals.
A Fibonacci Short In The AUD/USDThe last two sessions have been good ones for the Aussie. Price has broken above several key resistance levels on the daily chart and is looking for more. Currently, price is posting a retrace of the June high (.7676) to July low (.7310) macro-wave. As a result, the macro-wave 50% and 62% retracement levels have come into view.
Here is the trading plan for shorting the 62% level:
1) Entry: Sell .7531
2) Stop Loss: .7552
3) Profit Target: .7489
4) Risk vs Reward Ratio: 1/2
GBPUSD ShortGBPUSD remains bearish. Will be going short if there is a 50% pullback. Will update you as the week goes by. Following price action carefully.
