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Technical-analysis

Gold to 1775Gold has been going sideways for 6 years and it recently broke through the trend. Normally I trade the 30 week moving average and you can see from this chart that it crossed the 30 week in November of 2018 and the pullbacks started bouncing on the 30 week moving average. Afterwards it broke trend at 1375 and had that recent rally up to around 1550. Gold is not the only commodity which is going up. You can see that bitcoin also had that huge move up from 3k to 14k recently. With the rise of the S&P 500 and the recent breakout in trend of the S&P 500 and the trend analysis of gold, I can say that the next move in commodities is going to be towards the upside. Now let me talk about short term a little bit.It's possible that there is a pullback to 1420(if it bounces on the 30 week MA), you can see that the RSI and the MACD are somewhat progressed, the RSI could just keep going up but it's not bottomed out by any means. In this scenario, buying the pullback would make sense.
FX:XAUUSDLong
by eneakume
BTCUSD big moves for bigger movesIt has been a while since my last TA, because I've been quite busy with my indicators. But most of all, my opinions hasn't changed. In the meanwhile BTCUSD is actually sort of confirming my last TA. I still believe BTCUSD is forming a massive symmetrical triangle caused by the last 2 parabolic runs of 2017 and 2019. I believe the next parabolic bull run will start just before the BTC halving, next year!. Besides that, the next financial crisis is just around the corner. Otherwise it's all just a coincidence and BTC will break out to the upside a lot sooner than to be expected. Hopefully I am not mistaken though. Who wouldn't love to accumulate more BTC at the $4700 region, before the next parabolic bull run? I've drawn out the past and current prediction triangles, as you can see in the price action chart. The falling wedges are forming quite frighteningly similar. My crypto senses are telling me, crazy volatility is incoming. Here is a summary of which in my opinion the current prominent patterns are: Short-term: Rising broadening channel or a neck & shoulder. (bearish), keeps testing the support line for the time being. Otherwise it breaks out to the upside, testing the current falling wedge's resistance. Mid-term: Falling wedge and later descending broadening channel/reverse neck & shoulder (all bullish), I reckon it's currently just testing and confirming the resistance of this falling wedge, if next monthly candle closes(21st of October.) approximately at the golden retrace($7200 region) and the bears gets reject, then we might see a confirmation of the resistance which is also the 0.5 fib level. If it does break to the upside, I reckon it will be just a deviation in the daily and shorter time frames and gets rejected at the 0.382 fib. level. Conforming the falling wedge has turned into a descending broadening channel, heading back towards the higher low region of the symmetrical triangle or the lower low of the forming descending broadening channel or perhaps even a reversed neck & shoulder pattern, will obviously have to wait for the bulls & bears before confirming this. Long-term: Symmetrical triangle (bullish on steroids). Well this part, is the end game. We'll have to wait until the higher low gets confirmed around the $4700 region. We'll know approximately 9th of march 2020. But as you can see, there is only one way this can happen. Advice: Always look at the charts first before taking any considerations of what you hear on the news or whatsoever. The markets never lies, but people do... Dashed lines are extrapolation and possible break out targets or price action trajectory. To be concluded...
BITSTAMP:BTCUSD
by bonic
2
OIL: H4, Ichimoku technical analysis As sketched on the graph, tenkan, kijun and senkou boxes mutually overlay meaning a possible strong resistance. Moreover, tenkan hit highest since beginning of the month. The next session will be important to determine what will happen next with prices from a technical view. if the prices increase and break the boxes by an important candle, then they will rise up to the target, the first red line, then the second when all indicators break senkou span B. However, after such a burst, prices will probably wait for the tenkan to join and support them to go higher. If the prices shyly break the boxes top limit, then it will be important to wait for the second candle closure in order to decide what to do. If the prices go down for consolidation, then they will probably test the cloud and mostly go even below. chikou would go to test prices, and tenkan would exit the kumo. The ellipses are here just to warn on important facts. Indeed they allows in a 2nde time, to be sure that your strategy is right. In order to validate the bull strategy, tenkan and chikou must break senkou span B.
TVC:USOIL
by zugluk
GBPCAD - EDUCATION - 23. SEPT. 2019Welcome to our weekly market Breakdown ( GBPCAD )! - 1 HOUR Small bearish move and price action. 4 HOUR Overall very bullish market slowing down. DAILY Bearish daily candle and price action, we might drop here. OVERALL Expecting prices to drop monday-wednesday and take out last week lows and long holders. Last two weeks been very bullish with strong moves, we need a pullback shortly and a fake out for dumb money. Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
1
EURAUD Fundamental Analysis – September 17th 2019Here is the key factor to keep in mind today for Euro trades: German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for September is predicted at -15.0 and the German ZEW Survey Economic Expectations Index at -38.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for August which was reported at -13.5 and to the German ZEW Survey Economic Expectations Index which was reported at -44.1. The Eurozone ZEW Survey Economic Sentiment Index for September is predicted at -37.4. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment Index for August which was reported at -43.6. Here are the key factors to keep in mind today for Australian Dollar trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 15th was reported at 109.3. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 8th which was reported at 113.3. Australian House Price Index: The Australian House Price Index for the second-quarter decreased by 0.7% quarterly and by 7.4% annualized. Economists predicted a decrease of 1.0% quarterly and of 7.7% annualized. Forex traders can compare this to the Australian House Price Index for the first-quarter which decreased by 3.0% quarterly and by 7.4% annualized. RBA Minutes: RBA minutes suggested that further interest rate cuts could be enacted in order to support growth as well as inflation targets. The RBA is currently expected to cut interest rates by 25 basis points in November, but an October cut remains on the table and dependent on economic data. The RBA kept its interest rate unchanged at 1.00% at its September meeting. Chinese New Home Prices: Chinese New Home Prices for August increased by 0.58% monthly. Forex traders can compare this to Chinese New Home Prices for July which increased by 0.59% monthly. Should price action for the EURAUD remain inside the or breakout above the 1.6015 to 1.6165 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.6100 Take Profit Zone: 1.6430 – 1.6500 Stop Loss Level: 1.6000 Should price action for the EURAUD breakdown below 1.6015 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.5945 Take Profit Zone: 1.5685 – 1.5780 Stop Loss Level: 1.6015
by PaxForex
Interesting Gold Penny Stock Potential!Hey Traders! I hope your having a wonderful weekend! I seen this stock while doing some research into gold stocks, and this is a penny stock that seems to have a ton of potential. TRX with a Shs Float of 145.02M and a Market Cap of 115.04M! Looking at the weekly chart we can see clearly the structure in its current uptrend , now for the bulls like myself, will want to set an alert at 1.20 that way we know when to get interested and watch for the re-test and momentum to return to give us that confirmation! Watch out for 0.75 level as a break below there would almost certainly destroy the current uptrend structure and would prob force bearish momentum to push us lower, but a lot of it has to also do with the current gold price. That's what I suggest you set an alert so you can check when its the right time. Hope this helped you, if it did, please be sure to LIKE & FOLLOW to show me support and to stay updated on all of my post's! Tyler Out!
AMEX:TRX
by TradeWithTyler
Potential Decline (based on S&R, trend lines E waves and strats)Disclaimer: Although I’ve learnt quite a bit of FOREX and am confident in what I’m telling you, I’m just a week in and am using a demo account, so you don’t have to take my word for it. Here’s why: Just before September 9th, signs of support have surfaced, since another hit materialised (with resistance appearing just before.) Although this isn’t exactly consitent, it succeeds in somewhat maintaning the pattern, just in an ascending trend (which also seems to be an ascending triangle). Furthermore, there are multiple hits of resistance among the barriers I’ve place; even when the price broke the barrier, it went straight back down. In addition to the recognisable Elliot Wave, I am confident that these signs point to some hesitation, leading to a decline and continuing the pattern in the process Another important thing, the rate of flunctuation is increasing side by side with little to no price rejection on both sides, indicating that there may be strong buyers (such as the big banks) in action now. These guys need liquidity, and so will take that from us by investing against the majority, ultimately earning off of the loss of many since their investment makes a difference. However, this doesn’t happen all the time and is an educated guess (although it isn’t uncommon phenomenon either). I hope this is helpful!
Short
by faridmzaki