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DXY political elections| FOR MORE INFO READ THE SIGNATURE SPACE AT THE BOTTOM | Good morning Traders. I kindly ask you to leave a like on this post and follow my profile to support my free dissemination. It costs you very little but makes a huge difference for me. | DXY AND TRUMP? | Could another Republican show us a bearish dollar again? From the chart, we can see that Democrats have always pumped the dollar. Is it a coincidence? We'll see what happens. But now??? Biden has resigned. Will he stay until November or will Kamala take over early? Does it make sense to let a president take office who still has to go to the polls? What could we see? What will happen in the coming months? For now, I can't see the future, but as soon as I know, I'll tell you. For doubts, questions, or requests, comment or write to me! I will be happy to answer you. -HAPPY TRADING -MANAGE YOUR RISK -BE PATIENT (For more info, read the signature space.)
TVC:DXY
by X_GoldenBoy_X
B I T C O I N So, I believe it's a bit premature to get excited over these most recent bull rallies. Why? It's due to multiple reasons, which I'll share with you all. -Price is reaching the A.T.H. -MH will be hit for 1st time -Price haven't retraced after breaking multiple key levels -Monthly divergence 🐻 -Weekly high's 2nd hit Seeing that price swept the weekly M.R.L. while also running into the EQ, I can see how most will look at this as a sweep for bull continuation, which it is! However, I am viewing it as a set-up for what's truly about to take place (IMO), which is a sweep of equal highs in order to begin the retracement phase to the downside. The range I'll keep an eye on to see when price action start to flip bull/bear is $76K - $80K, and I wouldn't be surprised if the process starts sometime this upcoming week from the H1/H4 perspective. A.O.I. $31,900 - $45,600 S.S. $35,200 I can very well be wrong on my analysis, and if I am, I'll look for the new weekly low ($55,600 - $55,900) to hold for further bull continuation. We all shall see..
BINANCE:BTCUSD
by ChrisJTradesFX
#202430 - priceactiontds - weekly update - dax futuresGood Evening and I hope you are well. Quote from last week: bear case: Bears are at the exact same spot as last Sunday but just a tat higher. They want a big reversal again at multiple resistance above 18800. They also see all the rejections from the past months at this level and shorting here has been very profitable. They also know it’s a bad buy for the bulls up here. Odds clearly favor them to trade back to at least 18600 but we will probably see 18500 early next week. comment: Bears took complete control of the market after the lower high 18927 which formed a perfect head & shoulders pattern. The Measured move down is around 17000 and I expect that price to be hit in 2024. Last bull trend line before the big one from 2020 & 2022 and I expect it to be broken over the next 1-3 weeks. The upcoming pullback is the most important part now because the height will determine the strength of the next bear leg and if this a new bear trend or not. If bulls get above18600 again, there is a decent chance we are still inside a big trading range. If bears keep it below the daily 20ema, we will most likely form a proper channel we can grind down over the next months. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. —unchanged key levels: small range 18000 / 18900 bull case: Bulls and bears alike knew the recent high at 18900 was a bad buy and they tried to save their bull case on Tuesday but once Wednesday came around and 18700ish was resistance the third time, they gave and we only produced lower highs since. Best bulls can hope for now is to keep it above 18000 and bounce at the weekly 20ema which is exactly right under Friday’s close and that the bull trend line from April will hold. Market expects a pullback and bulls want it to go above 18600, which increases the odds of this being a continuation of the triangle, rather than a new bear trend. Invalidation is below 18147. bear case: Bears are in full control and want a lower low below 18148 to break the bull trend line. The recent selling was strong enough for a second leg but I think a pullback is expected after Opex. Also very strong selling on much greater volume. Any pullback should stay below 18600. Invalidation is above 18650/18700, but that is pure guesswork. Need to see a bounce first. In general, if a pullback goes beyond the 50% mark, it’s hard to argue for a strong bear trend. outlook last week: short term: Bearish at least to 18500. It’s 50/50 if bulls can do a higher high or will only print lower highs from here. Looking for early weakness and then at 18500 absolutely neutral and let the market decide where it wants to go next. Any bad Dax earnings next week will probably flush it below 18500 again. → Last Sunday we traded 18857 and now we are at 18298. High of the week was 18889 and the low was 18274. Gave you 18500 and you got 18274. That’s 585 points from last Friday’s close. Hope you made some. short term: Full bear mode. Will try to catch the bounces as good as one can but the big money will be made to the downside over the next months. Short term we will see a bounce that should stay below 18500/18600 and from there I expect another big leg down to 17800. medium-long term: Time to update this section. I called for 17000 for couple of months now and I said, any short around or above 19000 is amazing. The highs held and now we will see how low we can get in 2024. 17100 is still my first bigger target and should be reached in 2024. At this point it does not make sense to call lower targets. current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Update: Will post also some profit taking and adding to the position again. On Monday I plan to look for strength and take about half off and to add again around 18500 or higher. Chart update: Be reminded, that I switched from dax cfd to dax futures. Removed all the bullish lines except the two main trend lines. On from April and the one from 2020. Put text on the shs pattern and added a fat bear trend line from ath to the recent lower high because that’s the triangle we are currently in and about to find out of the bottom will hold.
EUREX:FDXSU2024
by priceactiontds
#202430 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. comment: Bull trend is losing steam but still very bullish. Every dip is bought and market is mostly staying above the 4h 20ema. My measured move target upwards is around 72000. Do not look to short this is my advice and only look for strong bull breakouts on pullbacks. Trend kinda had 3 pushes up already but until the bull trend line is broken and market is trading below the daily 20ema, looking for shorts is a waste of time. current market cycle: Trading range but smaller bull trend inside of it key levels: 53000-70000 bull case: Bulls had an amazing reversal 2 weeks ago and follow through last week. They want their measured move target 72000 and if they can reach it, most likely also a new ath. Invalidation is below 62400. bear case: Not much for the bears. Technically it’s a breakout retest of the small trading range before the bear trend between 67000 - 72000. Bears want to turn around here but it’s very low probability that this bull trend inside this bigger trading range is already over. Invalidation is above 69000. short term: Bullish if we break above 68000 for tp 70000 or higher. Absolute no interest in shorts. medium-long term: I have been writing about getting down to 50000 for many many weeks now and since we are only 3500 points above it, it’s time to review my medium-long term take. I do think we are doing a very similar thing to 2021. Market will probably touch the monthly 20ema at 46000 soon and then go for a dead cat bounce. I do not think market can do a higher high again. For me it’s lower highs from here on and highest I think it can get again is 65000 but I do think there is a good chance, 63000 may be all bulls can get again. If it trades strongly below 46000, probably 30000 soon after but let’s make 46000 first and then I reevaluate my take. Update: Dead cat bounce way too strong to call it that. Still holding my 40000 target for 2024. current swing trade: None chart update: Added bull trend lines and removed old unnecessary highs and lows. That dotted bear trend line is very low probability and it’s better to ignore it.
CRYPTO:BTCUSD
by priceactiontds
NZDUSD - Selloff Acceleration on Neckline BreakThis week's open will be interesting. It'll largely be dependent on the resumption of strength of the US dollar. The anticipated strengthening of the US dollar is supported over on this NZDUSD pair. Looking at the daily timeframe, the New Zealand dollar has shown a weakening in strength throughout the months of June and early July. My proposed trade entry and exit targets are based on the 5-period daily ATR of 42. Take profit: 100 pips (2x~) Stop loss: 40 pips (1x~)
Short
by FinancialGamblR
Learn How to Apply Top-Down Multiple Time Frame Analysis In this article, we will discuss how to apply Multiple Time Frame Analysis in trading . I will teach you how to apply different time frames and will share with you some useful tips and example of a real trade that I take with Top-Down Analysis strategy. Firstly, let's briefly define the classification of time frames that we will discuss: There are 3 main categories of time frames: 1️⃣ Higher time frames 2️⃣ Trading time frames 3️⃣ Lower time frames Higher Time Frames Analysis 1️⃣ Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category. The analysis of these time frames is the most important . On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels , the areas from where we will trade our predictions with structure analysis . Above is the example of a daily time frame analysis on NZDCAD. We see that the market is trading in a strong bullish trend. I underlined important support and resistance levels. The supports will provide the safest zones to buy the market from anticipating a bullish trend continuation. Trading Time Frames 2️⃣ Trading time frames are the time frames where the positions are opened . The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames. My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns. Once the confirmation is spotted, the position is opened. Analyzing the reaction of the price to Support 1 on 1H time frame on NZDCAD pair, I spotted a strong bullish confirmation - a triple bottom formation. A long position is opened on a retest of a broken neckline. Lower Time Frames 3️⃣ Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues . Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames. Before the price broke a neckline of a triple bottom formation on an hourly time frame on NZDCAD, it broke a resistance line of a symmetrical triangle formation on 15 minutes time frame. It was an earlier and riskier confirmation to buy. Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues. You will be impressed how efficient that strategy is.
OANDA:XAUUSDEducation
by VasilyTrader
17
AVAX Analysis: Potential Price Movement and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the AVAX coin in the crypto market. 🗂 About the Project: AVAX, or Avalanche, is a decentralized platform known for its high throughput and low latency, making it a preferred choice for developers building decentralized applications and custom blockchain networks. It's particularly popular among DeFi enthusiasts due to its unique consensus mechanism and scalability. ⌛️Weekly Timeframe In this timeframe, AVAX has experienced significant movements. Recently, it saw an upward trend reaching a peak of 126.52, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, AVAX is at a support level of 20.83 after a correction phase. 📈 If AVAX stabilizes above 31.32, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 58.74. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if AVAX falls back into the range between 20.83 and 31.32, and stabilizes below 20.83, it indicates a bearish trend continuation. The next critical support level would be around 15.91. 📊In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍On the daily chart, AVAX ranged around the 31.22 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 21.49. 🧲Given the current setup, a stabilization below 21.49 could signal another bearish wave. On the flip side, if the price moves above 31.22, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈In the 4-hour timeframe, AVAX has pulled back to the SMA99 and reached the resistance at 30.98. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉For short positions, the key levels to watch are 30.98 and 33.77, where price reactions could provide better entry points. For long positions, critical levels are 25.01 and 21.49. RSI Oscillator 💥The RSI is currently ranging between 44.87 and 59.76 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
3
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market. 🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications. ⌛️ Daily Timeframe 🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support. 📊Support and Resistance Levels: Resistance: $0.05060, $0.05696 Support: $0.04442, $0.03936 💥The RSI is around 54.25, indicating neither overbought nor oversold conditions. 🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe 📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. 🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future. 🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. ♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
R
by itsparham96
1
GBPUSD Medium cycle GBPUSD was in the bullish channel and now its broken that and its on a supportive level. According to my last idea, i said if its hunt the channel sooner that we expected its show the bearish trend power. Then the bullish channel broke. but now the price on a supportive level and i think the trend can reversal. also the DXY confirm that because its in a resistance level. its show dollar will be weak. Its just my personal comment please don't trade whit this. I have no responsibility for your money.
Long
by Arco-ir
S&P is strong; however, some immediate uncertainty loomsLast week was marked by a very slow start and a chaotic finish. On Monday and Tuesday, prices bracketed in a very narrow range with neither side willing to take action. On Wednesday, the bulls gathered some momentum for a rally only to be countered by the bears the next day. While the bears’ attack appeared fearsome, it lacked real conviction (as I pointed out in my report), and it eventually faded. On Friday, the bulls took the initiative, erasing all the bears’ achievements. From a technical perspective, we have the following disposition: 1. Price is in an uptrend on all major timeframes. Last week closed quite strong. 2. All major S&P sectors are supporting the upward movement (see Market Inner Strength Index) 3. RSI is highly overbought on the daily timeframe and slightly overbought on the weekly timeframe. Although this doesn’t mean much in strong uptrends, we should still pay attention to it. 4. On the hourly chart, there is some unclear bracketing with an extending range. We have both a poor high and a poor low. The bulls clearly have the upper hand on all major timeframes, making the most likely scenario a continuation of the uptrend. Fundamentals are also on the buyers’ side: inflation is decreasing, and the first bank reports were quite positive. However, it is also possible that we’ll see more bracketing in the short term due to political uncertainty, which deprives the market of the conviction needed for prolonged movements. We can see signs of traders’ hesitation on the hourly chart: breakouts without follow-through and reluctance to carry positions over the weekend. Coupled with price overextension (remember the RSI), there are enough arguments to support the need for short-term consolidation and the collection of additional information before moving higher (if nothing changes fundamentally). Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
SANDUSDT: Weekly Update and Trading Triggers✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅Let's dive into today's analysis, focusing on the crypto market and the SAND project. 📅 Weekly Timeframe Analysis On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels. Support Zone: 0.2818 Resistance: 0.7864 RSI: 39.81 (Neutral to slightly bearish) 📆 Daily Timeframe Analysis In the daily timeframe, the price action shows a more detailed structure within the weekly range. Current Candle: Showing strength after a period of weakness Resistance Levels: 0.4046, 0.4782 Support Levels: 0.3410, 0.2818 RSI: 47.44 (Neutral) ⏰ 4-Hour Timeframe Analysis In the 4-hour timeframe, we see more granular details of the recent price movements. Consolidation Range: 0.3436 - 0.2818 Bullish Scenario: Break above 0.3436 with strong volume Bearish Scenario: Break below 0.2818 📈 Long Position Trigger Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe. 📉 Short Position Trigger Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe. 🔑 Key Support and Resistance Levels Supports: 0.3410, 0.2818, 0.2433 Resistances: 0.3436, 0.4046, 0.4782, 0.7864 🌟 Weekly Settlement Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend! ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
SWING IDEA - LATENT VIEW ANALYTICSIn the dynamic realm of market opportunities, Latent View Analytics emerges as a compelling prospect, poised for an upside rally. Reasons are listed below : After multiple tests at the crucial 500 level, Latent View Analytics is currently positioning for a decisive breakout. Robust bullish marubozu candles, both on the weekly and daily timeframes, signal a strong upward momentum. Notably, the weekly candle engulfs the preceding six weeks, emphasizing sustained buying interest. An upswing in volumes accompanies the bullish trend, indicating heightened market participation and conviction. Breaking free from a solid two-year consolidation phase, Latent View Analytics signals a shift from stagnation to potential growth. Target - 545 // 573 // 618 Stoploss - weekly close below 443 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:LATENTVIEWLong
by Visionary_Growth_Insights
SWING IDEA - CASTROL INDThere seems to be a strong breakout in CASTROL IND . This could potentially be an excellent swing trade. Reasons are listed below : Multiple tests on 161 levels and finally the price broke these levels with high volumes. Marubozu candle (bullish sign) on weekly timeframe. Breakout after a strong consolidation of 5years . Stock price is above 50 and 200EMA i.e the trend is intact. Target - 213 // 242 // 271 StopLoss - weekly closing below 145 levels
NSE:CASTROLINDLong
by Visionary_Growth_Insights
USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭 USDCHF looks quite oversold after the yesterday's bearish rally. The price is stuck on a key daily support at the moment. My confirmation to buy the pair will be a bullish breakout of a neckline of a double bottom formation on a 4H time frame. A 4H candle close above 0.885 will confirm a violation. A bullish continuation will be expected at least to 0.8874 then. If the price sets a new lower low lower close on a 4H, the trading setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
USD/CAD on a 1-hour timeframeThe current price is around 1.36830-1.36841, which is near the support zone. The recent price action indicates that the market has found support at the 1.3660 level and is consolidating above it. The blue highlighted area around the 1.3660 level, represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back from it. The projection indicates a potential bullish move from the support zone up to the 1.37777 level. This suggests an expectation of a price increase after possibly forming a base around the support.
Long
by TopGBanks
2024-07-17 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment : No deeper analysis needed today. Could have sold anywhere and made money. Tomorrow will be key for next week. Best case for the bears is a weekly close below 19700 but anything below 20000 would suffice. current market cycle: climactic bull trend with overshoots is done. Market will probably range some before we begin a new bear trend over the next months. key levels: 20000 - 21000 - if we break below 20000, next support is 19700 bull case: Bulls see this as a deep two legged pullback but since they are still trading around 20000 and inside the bull channel, their premise lives on. They want a strong reversal tomorrow and since bears were in pain for so long, any good bounce above 20100/20200 could make most bears exit their shorts. Bulls want a retest of the broken channel, which would also be a retest of the ath 20983. After a -3% day, anything in this section is low probability and the best bulls can hope for is to find support and go sideways. Invalidation is below 19700. bear case: Bears are now trading below the multi month and year patterns market broke above, which indeed was a bull trap. The selling was strong enough to let the bulls know the trend is long gone and they are scrambling to secure their profits. Their next target is to break below the bull trend line and below 19700, where many many more bull stops will be. Odds heavily favor the bears for more sideways to down price action. Invalidation is above 21000. short term: Bearish. I think we can hit 19800 and/or the bull trend line. Can we go deeper? Not likely but anything can happen. If the bull trend line breaks tomorrow, this will go full panic selling and the next support would be the 50% pb from the whole bull trend since April, which is 19180. medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged current swing trade: Short since 20800. trade of the day: Sell anywhere and go away until US close. Chart was drawn last Sunday and the big red arrow the week before or so. C target might be couple points too deep but you get the idea.
CME_MINI:MNQ1!Short
by priceactiontds
2024-07-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. overall market comment Indexes all read except DJI. Given the overbought conditions especially for the russel, tis was expected. Tech selling continued and is accelerating. For Nvidia all but 1 remaining bull trend line are broken and if bears can close the gap down to 114, they can probably print 100 over the next weeks. My measured move target 96 is from 2024-07-06. Selling today was strong enough to expect more tomorrow, especially going into the weekend. Commodities - Gold printed a rather neutral doji on the daily chart after a new ath 2488. Will we sell off from here or can they go 2500? I don’t know. 2500 is an obvious magnet but Opex is around the corner and maybe too many yolo’d into 2500 calls. Oil got the expected bounce to 83, which I have been writing about since Sunday. Buying was strong enough for follow through tomorrow but bears need to keep it below 84 or this is not a pullback anymore. Bitcoin - Market has still not touched the 4h 20ema since Saturday. Very strong buying by the bulls but it gets weaker. I don’t know if they can break out above again without a deeper pullback first. It’s also very bullish, that nasdaq sells off while btc stays above 62000. Should only look for longs as long as market stays above the 4h ema. dax comment: Will change from dax cfd from EasyMarkets to dax futures from now on. Market opened below y close and quickly filled the gap before bears took over and grinded it down. 18500 was bought as expected but the two legs up were so strong, that bears did not try to force another test of 18500 and market went mostly sideways, which is a neutral signal going into tomorrow. The bear channel is holding properly but bears would need a weekly close below 18500 for more selling next week. Market has formed a triangle with the bull trend line and the most recent bear channel resistance line and market will break out tomorrow. current market cycle: trading range (triangle on the daily chart - technically bears traded back into the triangle) key levels: small range 18500 / 18900 - If 18500 is broken for good, next support is 18360 bull case: Bulls bought where they had to and stopped a bigger sell off. They need to break the bear channel for another test of 18900 or higher. They bounced at the daily 20ema yesterday and today they closed above it again, which means that bulls are technically still in control but if they do not reverse it tomorrow, it’s night night. Invalidation is below 18500. bear case: Bears now had 3 decent legs down to 18500 and market then oscillated around the 50% pullback from the recent bull trend, which is 18570. As long as the bears keep it mostly below the 1h 20ema and inside the bear channel, they are good and market will continue down. Their target is a weekly close below 18500, which would make most bulls cover and it would be a strong sell signal going into next week. Invalidation is above 18720. short term: Neutral between 18500 - 18650. Bearish below and bullish only on a strong break above the bear channel. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. —unchanged trade of the day: Longs from the strong open were decent but you had to think fast. After the gap close market quickly reversed and since it reversed right at the 1h 20ema, that was your hint to look for shorts next time market gets near it.
EUREX:FDXSU2024
by priceactiontds
EUR/CHF: Bearish Signals and Breakout Opportunities✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅 Today's Analysis: Today, we'll be diving into the Forex market and analyzing the EUR/CHF. 📉 Recent Performance The EUR/CHF pair has seen significant movements recently, breaking through multiple support and resistance levels. The primary support at 0.95366 and resistance at 0.99155 are key areas to watch. ⚠️ Bearish Momentum The RSI is currently at 45.71, indicating potential bearish momentum. If the RSI drops below 30, we could see increased selling pressure. 📊The pair is currently in the 0.618 to 0.707 Fibonacci range. If it breaks below 0.94838, the next target could be around 0.93119. 🔻Short Position Strategy A confirmed break below the 0.94838 support level with increased sell volume would be an ideal short entry point. The target for this move could be the next support at 0.93119. 🔼Long Position Strategy For a long position, wait for a clear breakout above the resistance at 0.99155 with increased buy volume. This would signal a potential bullish reversal. 📝 In conclusion, EUR/CHF is showing bearish signals with critical levels to watch. A short position could be triggered below 0.94838, while a long position is advisable only after a breakout above 0.99155. Always monitor volume and RSI closely to confirm momentum and manage risk appropriately. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96