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Tehnicalanalysis

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
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.
Long
by FTUKcom
4
NZDUSD: The MOST BULLISH Pair of 2020 In 2020 NZDUSD naturally kills pullback & counter-trend traders. Since March the pair is sharply bullish and breaks one resistance after another without any hesitation. 32% net growth. Crazy... I have tried a couple of times to short the pair but realized that bears simply refuse to push. Now the closest major resistance is based on 0.74 - 0.755 resistance cluster. That area is based on 2016th's, 2017th's, 2018th's highs. I will consider short opportunities only from that area. For buying, I would recommend waiting for a pullback because the pair looks quite overbought. Why NZDUSD is so bullish? What do you think? Please, support this idea with like! Thank you!
Long
by VasilyTrader
22
Get on the board next GBP/CAD station is "Crash":(Part 3).Market is moving bearish 4H/1H. 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253. 3:Market below the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and CAD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. If you have any questions do ask in the comments.
Short
by Ali_Talpur
EURAUD update on the latest market movements Hello Traders !!! After the latest analyze that I posted on EURAUD was extremely successful and took more than 400 points out of the market, I believe it is time for a new update. At this stage everything is bearish on the currency pair however I believe thighs will change. After EURAUD reaching 1.68 I was expecting a retracement around 1.6580 (previous resistance) witch the market did. From there I was expecting the price to bounce back (witch it didn't), but that is OK because the more it goes down the bigger the number of PIPS that we can take again from it. The zone market on the chart, becomes now a VERY IMPORTANT zone. It is resistance and the market recently tested it and bounced back. Now if the zone is retested and holds then I will be very confident to take a long positions from there with targets at 1.6750 even 1.6800. The alternative, if the zone breaks then I will not enter into a short trade, i will just wait for the price to reach the blue line on the chart and from there to take a long position. Stay safe out there and if you trade EURAUD, make sure you trade with a low exposure because when it moves it moves 300-400 points in one direction. So make sure you can afford that risk.
Long
by opentrader08
How PATTERNS help us MAKE MONEY| EducationWe have many people who are just learning to trade, so I want to help you with this. For professionals - Reminder. THE IMPORTANCE OF PATTERNS 1) How to use Forex Patterns Patterns are often found on the PICTURE chart, which are formed due to price movements. They are not easy for beginners to notice, but for professionals they are GOOD helpers in predicting prices. The patterns can be roughly divided into "Bullish" and "BEARS". "BULLISH" patterns are those patterns that tell us about the likely future price growth and allow us to determine the position to open a buy trade. Rising "Triangle" Trend continuation pattern. It is formed by a rising support line and a horizontal resistance line. It is worth opening a deal with this figure after the price breaks through the resistance and rolls back, fixing on the line. Inverted "Head and Shoulders" It is formed at the local lows of the chart during a downtrend. After the figure is fully formed, the price growth can be expected. The minimum amount of growth is determined by the height of the figure: the line from its base - "neck" - to the central top. Double bottom The pattern is very similar to the one described above. It is also a figure that changes the direction of the trend. This pattern predicts subsequent price increases. Minimum expected height: figure height. The ideal buy point is when the bottom line is broken. Those who do not want to take risks can wait for the price to fix on this line. Flag The entry point and trend direction are important for this pattern. In general, this pattern is similar to a channel, but its complete formation can be said only after the trend line is broken. "Bullish" Flag is formed in the course of breaking the uptrend line - where you should look for a purchase - and as a result continues it. Pennant Also called Symmetrical Triangle. Within this figure, the price movement "fades" - the oscillation frequency decreases. At the same time, the pattern is preceded by a strong price movement - in the “bullish” variant - growth. After the complete formation of the figure, the growth continues. Wedge The pattern forms at the highs of the uptrend and continues it. The boundaries are the support and resistance lines. The moment when the price breaks the resistance line can serve as a signal to open a trade. The amount of mining in this case is determined by the "height" of the base of the figure. “BEARS” patterns are patterns that precede a price drop and indicate the possibility of opening a sell trade. Descending "Triangle" Such a triangle is formed by a descending resistance line and a horizontal - support. "Getting" into this figure, the price as a result changes the trend from upward to downward. Selling in this case is worth waiting for the price to fall behind the support line. Head and shoulders It is formed at the local highs of the chart when the price moves in an uptrend. After complete formation, the price can be expected to fall by the size of the pattern height. In this case, it is better to sell immediately after breaking through the base line or after fixing the price on the line. Double top As in the case of the previous example, this pattern indicates a probable change in the downtrend and opens up an opportunity to open a sell trade. For this it is worth watching when the price reaches the bottom line. After that, the price is expected to fall at least by the size of the pattern height. Flag In case of formation of the “Bearish” flag, the price is in a downtrend. We can say that it falls into a channel, which can be perceived as a correction to a fall. Then the price drops below the support line - which is the entry point for selling. Pennant As in the “bullish” variant in an uptrend, the Pennant is characterized by the presence of a “shaft” - a strong impulse. In this case, the price has fallen. After which the trading volumes decrease and the price fluctuations become less. The complete formation of the pattern can be considered completed after the price breaks the resistance line and continues the downtrend. Wedge The “bearish” wedge literally reflects its “bullish” variant - it forms at the highs of the chart in a downtrend. The deal is opened when the price breaks the support line. We talked about the BASIC patterns in the Forex market. But, of course, not all of the existing ones are listed here. It is important to understand that patterns are not 100% guaranteed to rise or fall in price. There are many non-standard options for forming patterns and reading the chart. However, knowledge of the patterns can help in the technical analysis of FOREX charts. What patterns would you like to know about? Write your suggestions in the comments, and I will take your opinion into account when I prepare the next article.
Education
by Lingrid
43
BLZ - The Blue Bull Heading to the Green Fields?BLZ is the coin of Bluzelle, a decentralized database that allows dapp (decentralized application) developers the ability to store data directly on the blockchain. They have a wallet and PoS features like pretty much everyone in the crypto world. On the chart we are seeing a consolidation triangle that has formed since a steep mid September drop. This triangle appears quite bullish, with a steep incline of higher lows. Current price looks to be right at the bottom of the triangle. MACD is in a good position for growth with the potential of a bear cross short term forming, which would bring us to test the bottom of the triangle. RSI is in a freefall but about to hit the bounce point recently. Volume has been dropping on sells and rising on buys, implying bullish bias. OVERALL Either play it risky by buyin in now with a tightish SL, under the triangle, OR wait for a retest and breakout of the upper resistance level. Potential for big gains on a breakout. Dotted line in TP for risk taker, dashed is for the breakout buyers. -- "The man who never alters his opinions is like standing water, and breeds reptiles of the mind." -William Blake -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963