DOLLAR INDEX (DXY) Bullish Continuation Again?! 💵
After a two-week-long consolidation, Dollar index set a new higher high higher close on a daily again.
The price broke a horizontal supply area and it looks like the market may keep growing.
Bullish bias remains.
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SILVER (XAGUSD) Important Breakout🥈
It looks like Silver broke a key weekly demand zone this week.
Weekly candle closes in just 10 hours.
With a high probability, we will see a bearish trend continuation to lower structure levels.
Next demand zone on focus: 18.8 - 19.6 area.
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Long Tesla $TSLABounced off-key level of support in FIB, RSI is starting to point up, on balance volume is still pointing down, the stock had good news today, MACD hasn't switched over, has unusual call volume. Possibly room up to the 9 SMA.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Long Amazon $AMZNTested key level of support today and bounced higher. MACD is turning around, on balance volume is pointing up, RSI is underbought. Room up the 9 SMA.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
NZDUSD: Important Structure to Watch Next Week 🇳🇿🇺🇸
Hey traders,
NZDUSD is trading in a strong bearish trend.
The market is falling for 6 consecutive weeks.
Ahead is a very important zone of confluence:
we see a perfect match between a horizontal weekly demand cluster
and a falling trend line of an expanding wedge pattern.
I believe that soon we will see a pullback.
Pay close attention to the underlined area and wait for a confirmation to buy.
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BTC highest chance for bullish reversalBTC crashed its way to the lower line of the downtrend. It used the Liquidty of BTC old lows what created the fast bearish impuls
Nothing to worry about yet as it holds the sideways uptrend. Best to look for a bullish reversal as price is oversold and at the bottem of the downtrend and sideways uptrend.
I will look to enter Long BTC on the excess price line and strong demand area. Highest proberbility it will revers bullish.
BTC is now accumulating and creating new liquidty for a next move.
I expect a quick wick to the downside and fill my Long order with a strong impuls up.
BTC Date with destiny - the 200 Weekly MAAs shown in the chart in each cycle the bitcoin tend to visit the 200 Weekly MA in its last bear trend capitulation, notice the following terms in the chart:
- Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation zone.
- Capitulation volume: You will notice that during the last capitulation, corresponding to the golden zone fat volume candles, as a sign of bulls accumulating for the bull run big rally.
- Small bounces: Yes the market can make some bounces from here at 40ish range, if you are a day trader I bit you know better than me on this one
#Bitcoin #SwingTrade #TrendAnalysis
ADBE Symmetrical Triangle Breaking DownWe are currently two hours into todays session. ADBE has consolidated in a symmetrical triangle pattern for the past 3-4 weeks. This pattern is generally a neutral pattern with a bias toward the current trend. The current trend is down since the 20ma < 50ma < 100ma. My CB-RSI indicates downward pressure and MACD is nearing a bearish crossunder. The price action has broken the consolidation to the downside and is pointing to former support near 415. I think that would be a good target. Should that support fail, I will look to 485 as the next target. Risk Management is key. I will stop the trade if we close above the 5 ema which happens to be inside of the consolidation range.