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Tehnicalanalysis

DOGECOIN/USDT AnalysisRecent events sending Dogecoin to increase by 400%, with a combination of 4/20 and pure demand. Elon musk is obviously doing his bit to quite literally put DOGECOIN TO THE MOON and is a big contributor towards the rises, and market volatility. We must also take into consideration the HUGE amount of DOGECOIN that is store by apparently GameStop. Regardless of who it may be with the huge wallet of coins is another potential contributor to the further rise of DOGECOIN. I bought a small amount at 0.04p, then bought it again at 0.23p. I will continue to hold my positions and see how it all plays out. Let me know what you think in the comments! Happy Trading.
Long
by FreaKaneOut
6
GBP/JPY, GBP/USD, GBP/CHF and GBP/NZD on watch for me today.GBP/JPY: • If price impulses back down below our rayline, it does so in a convincing manor and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. GBP/CHF: • If price impulses down below our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/NZD: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Short
by StewySongs
2
Eur/Jpy(Sell,Short)Hello everyone :) After we saw a big sell-off, the British Pound and Australian Dollar which were big gainer on the market for the whole of February, and Japanese Jen was the worst performed currency, is there any possibility for making Japanese Jen a very good performed currency? From a fundamental point of view, Japanese Jen was the worst performed currency because investors gave up investing in save haven currency, and they started to invest in risk assets such as British Pound, etc. British Pound and Australian Dollar were best-performed currency because England made decrease of infected and they are the second country in the world which they vaccinated their population. Also WHO reported a big decrease in infection in the whole world which is also not a good sign to invest in Japanese Jen. Probably you are asking yourself, why I am so sure about investing in Japanese Jen. Well if you are watching an infection rate Germany and Japan are in a big decrease momentum but the big difference is in that Germany will probably extend their "lockdown" and on the second hand, Japan started to vaccinated their population which they had a problem a month ago about a whole plan. In the beginning, they didn't know when the whole process would start, who is first in a population that will be vaccinated, and who will be their main supplier of the vaccine. As I mention in the post AUD/JPY(natural) they made an arrangement with BioNTech about the vaccine. In my opinion that is the main reason why is, EUR/JPY was a big uptrend at the moment because the Japanese government needed to exchange a lot of Japanese Jen to convert to Euro to pay BioNTech for the vaccine. But there is one problem. As well Europa and Japan are second-biggest trading partners of import/export goods and at the moment Euro export price against Japanese Jen is too expensive at the moment and we can see a good sell-off. I am watching this pair a lot and when is some period of price made a "52-week high or low" or etc. we often saw a good buy or sell off(depends on where in the market at the moment). From a technical point of view, we can see that price at the moment at the big ascending channel and the small descending channel which we can also interpret as a bearish flag, but because of fundamentals and making at the moment LL, LH, and breaking previous low, which we can read that maybe sentiment is changed. I prefer to see this pair in a sell-off mood. We can see above a price a sell zone and a resistance line and my personal enter will be a start making a new LL, LH and there I see my potential entry-level. Both EMA´s are above the price which is a good indicator that the price will dropdown. TP will be at the nearest support line and SL can be over the previous high or above the resistance line and our sell zone. WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
Short
by OmnipotentPower
2
GOLD (XAUUSD) Waiting For Important Decision Next Week! Gold is still trading within a wide horizontal trading range on a daily. 1765 is its low and 1965 is its high. Based on a current price action I see two potential scenarios: 1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating 2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation. For now trading gold is not safe. Let it reach key levels before you open a trading position. What do you think will happen?
OANDA:XAUUSDLong
by VasilyTrader
11
GOLD (XAUUSD) Waiting For Important Decision Next Week! Gold is still trading within a wide horizontal trading range on a daily. 1765 is its low and 1965 is its high. Based on a current price action I see two potential scenarios: 1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating 2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation. For now trading gold is not safe. Let it reach key levels before you open a trading position. What do you think will happen?
OANDA:XAUUSDLong
by VasilyTrader
2
GOLD (XAUUSD): Technical Outlook & Price Action hey traders, here is my multi-timeframe outlook on gold: on a daily the price is still coiling on a major falling trend line that the price touched last week. Taking into consideration that the global trend is bullish, I still expect a bullish reaction & continuation. However, checking the situation on hourly time frame, we can clearly see that the price is currently consolidating. Local support cluster is based on a daily trend line and 1817 level - current local structure low. I believe that we can expect an intraday bounce from that next week. I would also recommend waiting for a confirmation before you buy. Good luck!
FX:XAUUSDLong
by VasilyTrader
12
USDCAD in Major Weekly Range! Long Term Outlook: Analyzing 5-year price action cycle on USDCAD we may see that the pair is ranging. The price is stuck in a huge horizontal trading range and now we see a steady bearish continuation. Most likely market makers are aiming at 1.19 - 1.23 support cluster. It is the closest strong structure and major reversal can start from that. For now, wait and prioritize short trades. Look for pullbacks on lower time frame for safe entries. Do you agree with my outlook? Please, support this idea with like! Thank you!
Short
by VasilyTrader
3