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GBPAUD Big PictureThis chart shows the big picture of my recent idea. As you may see, in 2016 the market started to fall after a big rise in mid 2013. Following the trendline, price should touch the support line, which means a great sell opportunity as I said before. However, future candles should not surpass this level, because it has been tested several times since 2013. As I find this line a major support, there should be a correction at this point and a bullish motion until it touches the resistance. This is a really long trade idea and I really hope we take advantage by this two trading ideas I am introducing to you. Hope it is useful and trade with care!
Long
by stefanomr26
A Litecoin perspective to light up your dayDear Traders/Followers, Hereby a chart to share with you. LTC/USD ratio. As I have been accumulating Litecoin silently in the past months the time seems finally ripe for extensive movement. As to be seen in the chart, it is both the end aswell as the beginning of the old and new crash cycle. Chasing these cycles seems to pay off big time, while the psychological aspect might be killing- it is of essence to stay rational and buy where the dumb money is to be found. As credited by Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family: "The time to buy is when there's blood in the streets." Furthermore LTCBTC ratio seems extremely ripe. REMEMBER, once LTC moves- it will be incredibly swift. Leaving those who want to jump in on the train too late to join. Trade cautiously and enjoy, Gabriel Molenkamp
KRAKEN:LTCUSDLong
by GABSBY
3
USDCHF week ahead overview Well formed channel on 4H chart. 3 consecutive bullish weeks for usd/chf Daily MA shows upside momentum Pin bar formed around channel low on daily chart , followed by bullish engulfing bar. We still dont know if the price will rally for new highs , the confirmation we looking for is 4H chart MA cross and start scalping on 15m chart in the way of the trend. If not then price will rally up to the middle of previous high , then we might see consolidation around MA cross , followed by bearish price action and this is where we can take short scalps on 15m chart with high risk/reward ratio.
by samgeorgev
XAU/USD Market Analysis and Trading Tips 6th July 2016 Overview: The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance level at significantly psychological number at the level of $1400 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX:XAUUSDLong
by TheBanker
2
EUR/USD OVERVIEW – OVERALL SHORTEUR/USD broke resistance (between 1.12 - 1.11) in its bullish channel after BREXIT. The pair could move to 1.12 before falling to 1.08 in its minor bearish channel = Minor Bullish & Major Bearish MONTHLY: Bearish Channel, Bullish Major Trendline Support WEEKLY: Bearish Channel, Bullish Minor Trendline Support has been broken (BREXIT) DAILY: Major Bullish Chanell has been broken (BREXIT), Minor Bearish Channel CONCLUSION: Overall Short/Bearish
Short
by t1l4n0
USDCAD / 1HR / SHORTING OPPORTUNITY (OVER-VIEW)SHORTING OPPORTUNITY PAIR: USD/CAD TIME-FRAME: 1HR TRADE: OVER-VIEW I haven't done an over-view post before. But here is a very good example of building a case for entry. We have a shorting opportunity with 2 patterns, 1618% fib inversion, AB=CD, Structure, Bearish Trend, Trend Continuation Meets Counter- Trend Trade, Double Top and RSI Divergence. This is an extremely high score to take the shorting opportunity. I hope this is visually appealing enough to help see the Trade opportunity. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
DOW JONES OVERVIEW: APPLE HOLDS 10-YEAR UPTREND TESTDuring the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92. On short term basis, the price managed to hold 1-year ascending channel (marked by 1st standard deviation from 1-year (264-day) mean, but the risk remains on quarterly basis - the price is below 1st standard deviation from quartelry (66-day) mean @ 116, reflecting probability of more downside here. Thus we can conclude that while price is trading above lower 1st standard deviation from yearly mean @ 102,80, the overall bias remains positive. It will be confirmed by price getting back into 5-year uptrend by breaking above upper 1st standard deviation from 5-year mean @ 109
NASDAQ:AAPLLong
by Killy_Mel
2
Analysis and Forecast EUR / USD - Weekly overview (03.08-07.08)Summary of last week: Neither side could not take the initiative, which resulted in minimal appreciation of the euro against the dollar. The opening took place at the level of 1.0971, and closing the week slightly higher as at the level of 1.0988. On the one hand, we had information that supported the dollar (the basic contract of fixed assets and records of the FOMC, which suggested that the US economy is strong and ready for a possible interest rate hike in 2015. Partially dollar supported the statements by members of the IMF, who suggested that the International Fund Currency can not take part in the next tranche of aid for Greece). On the other hand, we know better than expected Ifo index of German and Friday's surprisingly weak US data that indicate what the truth better improvement in the labor market. However, better readings from the labor market does not go hand in hand with wage pressure, which translates into poor inflation readings. The economic calendar for next week: Monday: PMI Manufacturing indicators for individual European countries and the PMI collectively for the entire Euro zone. Then we will get data from the US: ISM and PMI; Tuesday: factory orders in the US; Wednesday: PMI services for individual European countries and the PMI for the services for the entire euro zone, further data from Europe is retail sales in the euro zone and the PMI according to Markit. Then we will change the ADP non-farm employment in the US as well as ISM and PMI for services in the US; Thursday: from Germany will flow data on factory orders. USA shows the number of declared pre unemployed; Friday: industrial production in Germany and the German trade balance. Then, in the US we will average hourly wages and the change in nonfarm employment. We will also unemployment in the US. Forecast for Monday: The currency pair after Friday's growth impulse, once again returned below the downtrend line, which is presented on the chart. At the moment there will be no settlement, which could indicate further, unequivocal direction. On the one hand, we are below the important and strong resistance of 1,1113-29, on the other hand, we are more than strong support 1.0916. It is worth mentioning that a significant level of support at the moment, is the level of 1,0808-31. Taking into account indicators and technical analysis we can conclude that the market is in equilibrium and only further macroeconomic data, they can affect the direction of the currency pair discussed. Comparing the data tomorrow in one piece, keep in mind that data from the US have a stronger meaning, due to market expectations towards the Fed. Accordingly, the market will work according to the scheme better data from Europe and the US worse will support the single currency and vice versa. In the case of strong readings from Europe and weak in the US, the market will try to address the euro towards recent highs at 1,1113-29. Only you raise this level will test the level of 1.1218. In another case comes to inheritance, because better data from the US will strengthen the dollar and the increased expectations on the September interest rate hikes. Supply should not have a problem with piercing support at 1.0916 and referral toward the next support levels at levels 1,0865-80 and 1,0808-31.
by RobertPapon
Anticipatory OverviewWe are sitting on a prior consolidation level (230-235). These are the possible outcomes: 235 holds, we break up, inverse H&S resolves, target 280-290 235 breaks resulting in a meassured move down to 180 Last time market retested such a major consolidation level from above, OBV was in a downtrend, thus price continued the downtrend. Rightnow we have a similar situation only that OBV is in an uptrend. This may be a hint for a bullish resolution of this situation. Also we have a tripple bottom with long wicks at this level, suggesting strong support. Large volume is required to create a convincing breakdown. Check out the charts linked bellow for more details about my bullish bias here. Cheers : ]
BITFINEX:BTCUSDLong
by MagnusTradingGroup
9
Anticipatory layout with important trend lines, levels, timefibsWe might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box like last time? Then we will definitelly see 280 again. Or if 320 holds (looks like some strong demand is sitting there), we'll see another pump like seen in the last green box ! Also check out the time fib analysis : 0.382 & 0.618 were important points in time, so 1 will probably be important too! Likely a major low/high in price. The target for a bullish move is the thick blue dashed line, which is this years top resistance trend line. You can expect sellers there.
BITSTAMP:BTCUSD
by MagnusTradingGroup
2