Technialanalysis
We Might See Gold Reaching the 2065 LevelThe price of Gold has been moving downward for the last three days after a huge rally to 2065 USD level. Our Analysis says that most probably the Gold will rally again and reach the previous which is the 2065 mark.
DXY; WEEKLY PERSPECTIVEImportant supply and demand areas for next week are listed on the chart.
Over the past week, the dollar has been moving down all weekly, daily and H4 time frames. It is likely that the price will start to fall next week.
However, due to the fact that the price is entering the weekly demand level, it is possible for the price to return from this level, or the H4 demand levels within the weekly level.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
GOLD is UnstoppableMy last analysis still going according to my predictions here is the new one
please like and support and also dont forget to share feedbacks
GOLD MAKING A MOVE FOR DECLINEAs we can see that from today's performance of GOLD which is likely to decline soon by making its high of the day at 1788.75, I believe that this decline will lead to back at initially 1695 if not sustain this level then further decline to 1672.
Lets see how this turns....
#Stockiest91
AUDUSD Daily Analysis 1/19/20AUDUSD Short Idea
The monthly, weekly and 4 hour time frames are all bearish while the daily is bullish.
Although the daily is bullish we have seen significant resistance around our monthly level at 0.70000 and price action looks to be forming a head and shoulders pattern.
For the head and shoulder pattern to be confirmed we need to see a break of 0.68500
We can then look to target toward our next major support level around 0.68000 followed by 0.67000
USDOLLAR DAILY SUPPLY DEMAND AnalysisPrices reacting off of weekly demand + daily confirmation and now we have prices back into daily demand.
Will Monero growth before the hard fork?Monero, both technically and fundamentally, looks like a good asset to consider buying it.
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Fundamentally: A hard fork is expected at the end of November (November 30). Monero is going to activate an update in its blockchain aimed at increasing the privacy of RandomX users (the new Proof of Work algorithm). The transition to the new RandomX algorithm is aimed at solving one of the main problems of this cryptocurrency, namely hidden mining.
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Technically: After the breakdown of the previously formed resistance level in the region of $ 58 / $ 60, we observe a nice price tightening, which in turn forms the figure of the technical analysis “Rising Triangle”. To all this, on the chart, sometimes increased volumes for purchases pop up. The RSI indicator cools slightly at the moment of preload, which gives freedom for further upward movement.
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Bottom line: In the aggregate of the positive fundamental component, supported by technical analysis, which also speaks more for the continuation of the upward movement, it is worth taking a closer look at this asset now, but with a short stop order, or go into a true breakdown of the triangle with the first target in the region of $ 70, and the second in the area of $ 75, where the price is more likely to meet resistance from sellers, these levels coincide with the levels of 0.618 and 0.786 Fibonacci. Meanwhile the market depends upon the bitcoin`s movement: if bitcoin goes down sharply, then this triangle can be broken down.
EURUSD | Taking another hit! | 30 OCT'Cut' U.S FED Interest Rate + UK Brexit = We think we know it.. a weaker Euro.
The chart aligns perfectly with these upcoming events.
1:6 R:R Trade.
Fundamental Strengthen CHF Bullish Market Sentimentthe current trade war between the United States and China which has been shaping CHF bullish sentiment for quite,The trade war has had the net effect of slowing global economic growth, and in turn that slow economic growth is forcing the hand of central banks worldwide as they return to a much more monetary policy by lowering interest rates, and adding liquidity to the market.
GBPJPY TECHNICAL ANALYSIS ON DAILY TIMEFRAMEHello dear traders.
as you can see a perfect bearish bat pattern is formed in daily timeframe.
not to mention that the prices has just retested the uptrend.
132.146 would be a good target(long-term support zone which concides with 38.2% fibbonacci level)
thanks for your visit.
EURUSD bullish gartley harmonic pattern 4h timeframeWhat you see here is a developing bullish gartley formation.
Learn to catch these trades yourself, if you want I'd be happy to share information....
Dont forget to like the post and comment with ideas.
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Thank you for all the support !
EURCHF - Sell Opportunity With Good Risk:RewardEURCHF is currently consolidating near a major resistance zone. I'm looking forward to entering into a short trade after some confirmation. This trade should give a decent R:R once it meets the sell criteria.
The confirmation I'm looking for is 4-hour candle close below the 20 and 50 EMA. If the candle closed below the current support near 1.10339, that'd be an even better signal.
As a side note, I've noticed some correlation between the USDCHF and EURCHF on lower timeframes. So, the EURCHF might drop with USDCHF after today's data. But so for, this is my theory, I haven't fact-checked the correlation yet.
Feel free to leave a like and your thoughts.
USDCAD - 4HOUR BUY - LIghtning Bolt (ABCD Pattern)An ABCD BUY Pattern formed in USDCAD 4HOUR Chart
313 Pips of Profit Potential
2.9 Reward/Risk Ratio
Wait for an entry confirmation inside the highlighted zone to enter.
GOLD (XAUUSD) - 4HOUR BUY- Trend ContinuationXAUUSD Made a retracement to to the downside giving an opportunity to go long.
Trend Continuation expected until the reach of Giant Cup and Handle Patterns Profits. (Watch my previous idea about XAUUSD for that pattern)
700 pips of Profit potential.
1.9 Reward/Risk Ratio.
Yen Strength - Around the corner?Recent stock markets rallies are on the heels tariff optimism. Looking at the market increase and simply the low volume rally in stocks I cannot help but think to think and anticipate some stock market weakness. I'll take a short on USD/JPY to capitalize on this.
Yen will strengthen if stocks start seeing declines.
I like the USD/JPY short here at these levels 111.30-111.50 - Stop Loss above 111.71
Looking for target of 110.69
AUD/USD - Short
This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head and shoulder set up. Price may break through upon contact if momentum is strong enough. Although, it is likely that price will form correction wave and bounce off the 50.0 fib level before breaking through.
My Fibonacci indicator shows price has recently passed the 61.8 level & is sitting on the pivot point of the 50.0 level. As I said, if we are in a correction wave price will bounce off this level and eventually will be broken.
Ichimoku indicator shows price has penetrated through the kumo cloud, which shows a bearish reversal sentiment on the pair. The chikou span is below price as, which also shows bearish momentum in the market.
On the fundamental side, as of 06/03/19 The Bank of Canada decided to keep its initial interest rate of 1.75% for the 6th consecutive time from October 2018.
BTC Bulls: Keep Marching NE to Recovery...Chart says it all. I don't care about capitulation candles. There are only two things that matter when measuring markets. Momentum + Psychology. To do this accurate we need to measure capitulation phases not candles.
The more we grind to the NE direction the more confident we will become the bottom is in. Still too early to tell, but the weekly and monthly candles suggest the Dec Low was the bottom based on the phase + market psychology we are seeing.
Video coming soon today on Bitcoin Price Analysis.
Again follow me on twitter if you're looking to connect or want intra day updates.
Cheers,
Bobby
Feb 21st - Alt Coin Update (ETH, XRP, EOS, BNB, XLM)Follow me on twitter for more constant updates. I'm very active on there for intraday updates.
Smash the Like + Follow if you found some value.
Also drop a comment and tell me where you think Alt Coin's + Bitcoin are headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?
Thanks,
Bobby
PS - Always feel free to message me on tradingview, email or twitter if you want to talk crypto. I'm always looking to collaborate with anyone at all levels of trading.
XRP Daily - XRP overtakes ETH AGAIN. Is BTC Next???Hi all,
Ripple (XRP) has seen a technical bounce off the oversold RSI with a 12% surge at time of writing. This successful turn of events has led XRP to be the #2 largest cryptocurrency by market cap...AGAIN.
Is this just a technical short term bounce or is there some larger at play here fundamentally?
Let's see what the chart says:
-First you can see XRP has been trading inside a descending triangle pattern since Sept 20th marking Lower Highs with support located at .28 confirmed with two touches.
-We can see the 50 Day SMA (Orange trend line) is resting flat at (.335) and has been acting as a resistance since Nov 20th. If XRP can scale above this that would be a bullish indicator. But the work isn't over there. For a bull trend to be full intact and a bottom confirmed we need to see XRP scale above it's 200 Day SMA which is located .389.
-Below 28 cents and the crypto looks extremely bearish. XRP is one of those tokens that pumped from April 2017 (around 2 cents exploding to 40 cents trading sideways for a few months and then jumped to $3.30 at the height in Jan 2018).
-Trying to locate solid supports for XRP is difficult because of it's short history coupled with the orders of magnitude price pump it experienced.
-XRP bounced off the oversold RSI
-Stochastic also confirmed buy signal
Trade plan:
Bulls: Aggressive buy order can be placed if XRP scales above it's 50 day SMA. Stop Loss entry should be entered at .25. Make sure to adjust trade allocation size so that no more than 2% capital loss would incur if your stop get's triggered.
Bears: Short entry can be executed just below the Bulls stop loss. This trade will need to be hand held because we don't really know what historical supports can be counted on in case Bitcoin were to capitulate.
Fundamental News:
- High profile hire announced today to Ripples General Counsel team
-Swift is apparently launching a test among 110 out of 11,000 banking relationships to test R3 (Corda) DLT for cross boarder remittence business. This opens the bridge to Ripples DLT and XRP to be leveraged as XRP will act as the primary settlement transaction for these cross boarder remittences. This is still very early news and details will be forthcoming.
Food for thought:
-Could Ripple and XRP end this crypto winter with real adoption from the global banking network?
-Will XRP surpass Bitcoin in the future?
-Will XRP be the first crypto to decouple from Bitcoin?
One things is for certain, there is never a dull moment in this market.
Trade safe. Be well,
Bobby
