Bircoin BREAKS Lower Support of a WEDGE - BIG Move has BegunA day-long very methodical oscillations have built a strong wedge -
AND IT HAS JUST BEEN BROKEN ON THE LOWER SUPPORT.
LONG AND STRONG DROP IN PRICE HAS JUST BEGUN
Selling
USDCAD SHORT: DAILY TIMEFRAMEPrice has recently failed to break resistance... with a strong wick rejection and a clear double top formation. I see the price going down for at least a 2 to 1.
SHORT ON GBP/CHFGoing short on this pair as price has continuously been making lower lows and lower highs.
Price is bouncing off of the 8 period moving average with a decent candle with body/volume.
SHORT ON AUD/CHFPrice broke support and is continuing to fall.
JPY - VERY WEAK - set bank policy lower and did not change long term interest rates
CHF - VERY STRONG - set interest rates 50 basis higher
USD - VERY STRONG - set interest rate 75 basis higher
AUDUSD SHORT: MONTHLY TIMEFRAMEPrice is a strong resistance zone. I'm strong because AUDUSD has been failing to create a higher high for some time now. I see AUDUSD selling long-term. Price is probably reaching the bottom support zone. I used price action and support and resistance to base my analysis.
SHORT ON GOLDGold has broken major support area, and retested as resistance. Bears are showing up as the dollar index is strong.
I will be selling gold now at 1826
Cad pairs facing pressure pretty soon!For cadjpy and usdcad both near strong fibo levels , im watching cadjpy near 104.550 if showed any kind of rejections there then i believe it will fall fairly till 97.500
SHORT ON AUD/NZDVery nicely structured price action on this pair.
Price has broken a major support/demand zone and has formed a bearish flag pattern.
Candles have broken below the support line of the pattern and should continue falling.
Here is the play I will be taking on this trade.
P = 1.09520
SL = 1.09743 - 25 PIPS
TP = 1.08482 - 100 PIPS
SPX Weekly RangesHere are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...)
We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending on confirmation from Futures ).
We do NOT sell fixed Deltas for our credit spreads, but rather utilize the data driven from our volatility algo for the specific Index (primarily SPX ).
The PVI Weekly SPX Credit Spread portfolio is up just over 47% YTD with 20 straight weeks of profits and zero drawdowns. The ranges have been breached 3 times since the start of 2021 (by an amount greater than 10 SPX points). The system is NOT designed or programed to be perfect, it is to provide us with the most competitive SPX weekly Range with the highest VALUE between Premium & Expectancy
BitcoinBitcoin can't break the resistance key at $30.250 in the short term, it can be down move to $25 or $22k, nfa
SHORT ON AUD/JPYPrice has broken below a major support zone and has also formed a long wick bear candle that has rejected the 8 and 50 period moving average.
I expect price to fall a good amount of pips.
This is a long term swing trade that most likely will take days to play out.
SHORT ON NZD/CADPrice has broken a support level and created a downward wedge pattern.
This by default is a bullish reversal pattern.
However price is still below the 8 and 50 period moving average. Along with a Long wick rejecting sellers at the old support now resistance zone.
I will be taking this trade short for a good amount of pips.
SHORT ON GBP/USD Price is falling very similar to the EUR/USD and for the same reasons (dollar gaining strength due to interest rates)
I am selling this pair as I expect price to continue going down this week.
Short bitcoinWarning! Possibility of bitcoin falling in the weekly period to the specified areas due to being in the uptrend channel
SHORT ON AUD/CADPrice is in a major downtrend.
Price has broken support and retest it as resistance.
The bears have shown up to the party and its looking like they will be there for a while.
SHORT ON USOILPrice broken out of a falling wedge and has continued making lower lows and lower highs.
Price also retracted from the fib golden zone.
There is also a downward moving average cross with a massive momentum bear candle on the higher time frame.
I expect oil to reach the next support level.
AUD/USD Sell Opportunity Weekly momentum remains bullish although the current week had a bit of a rally to the upside. The previous weeks lows have also been broken which signifies selling momentum overall
A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable at this time
The last significant H4 resistance has been tested and found a hard rejection upon attempts to push higher. This confirms that the H4 timeframe is more likely to fall away
The 30min timeframe has had the last significant lows broken which has changed the trend to bearish for the time being. A support region has been holding pre-Asian session which I hope to see break for selling opportunities
With this in mind, I have set a sell stop in order to catch momentum should it continue. Targets set at the end of the previous low traffic area
GBPJPY Pro-Trend Trade 10/04/2022GBPUSD is currently bearish on the Higher timeframe(4h+) but bullish on the lower timeframe(15min). I have marked out two zones that will be great opportunities to sell if approached. If a lower timeframe confirmation is seen I will enter sells. Remember do not stick to predictions but REACT!
BTC/USD Holds above $39k as BTC PriceFollowing the rejection at the $45,000 overhead resistance, Bitcoin’s (BTC) price has resumed selling pressure. The bears succeeded in breaking below the $41,800 support which resulted in the current downtrend. On the daily chart, the BTC price drops sharply below the moving averages, signaling the resumption of the downtrend. Today, the largest cryptocurrency has fallen to the low the $39,686. This is an important crucial support level to watch. The bears will attempt to break below the $39,000 support. On the other hand, the bulls will attempt to defend the current support to regain bullish momentum. On the downside, if the bears succeed in breaking below the $39,000 support BTC’s price will drop to $36,000 low. Similarly, if the support holds, buyers will attempt to push the crypto above the moving averages. If they succeed, Bitcoin could gradually rally toward $45,000 overhead resistance. Today, buyers and sellers are struggling above the $39,000 support as bulls push BTC price above the $40,000 psychological price level.
GBPAUD- SELLGA has been hitting this resistance zone for a while now. I have technical confluences that show a strong push to the downside.
There’s an evening star on the weekly TF, printed on a resistance zone, & showed a perfect rejection on the y1.8 % fib!
PayPal outlook starts to flag!PayPal - Short Term - We look to Sell a break of 179.11 (stop at 201.11)
Posted a bearish Flag formation. A break of 180.00 is needed to confirm the outlook. Closed below the 20-day EMA. There is no indication that the selloff is coming to an end. This move is expected to continue and we look to set shorts at good risk/reward levels.
Our profit targets will be 129.11 and 118.00
Resistance: 190.00 / 200.00 / 225.00
Support: 180.00 / 150.00 / 130.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GBPUSD Look for SHORTS!GBPUSD Rallied up to an -OB. Shifted, now looking for price to target the BIG GAP or "eye" emoji areas. Ill try to keep updates on the trade and potential re-entry.
