S&P 500If we get to break the previous high and then retest it I will look for bullish pressure. If the price never keep going down the analysis becomes invalid. MANAGE YOUR RISK AND SAFE TRADING EVERYONE!
Tradinganalysis
EURUSDWe see the pricE has started to make lower lows and lowers highs. I am expecting a pullback to the previous low and I will look for confirmation of bearish pressure. If the price will break the zone this analysis becomes invalid. MANAGE YOUR RISK AND SAFE TRADING EVERYONE.
Spring on USDCAD, an opportunity to buyA price channel with Spring is an opportunity to buy.
Targets: 1.3653 and 1.3862
Warning Indicator To Avoid Over TradingOne sensible way to avoid over trading on a low time-frame is to look at Heiken Ashi. If you can not observe clean and tidy trends with your preferred risk/reward ratio including take profit targets and stop loss positions, why trade? Look for trading zone breakout opportunities and be patient, remain calm, don't over trade.
Strong opportunity to buy GBPCADBuying opportunity after breaching the upper side of the triangle at 1.7109
Buy targets 1.7380 and 1.7658
It is possible to sell if the buying pattern fails after breaking the uptrend and the triangle at 1.6882
XAUUSD GOLD H4. Possible retest of broken area. I will look for short opportunities on the retest of the borken trendline. Wait for confirmation. Manage your risk and trade safely.
AUDUSDDaily chart. We have seen a big impulse to the upside this week. The last three days there has been a visible loss of momentum as those wicks never lie. I would wait to see how price will react and then look for the 2 possible scenarios around the pink level. If price break the blue zone the analysis becomes invalid. Trade safely and manage your risk!
USDJPYH4. We have seen a big push to the upside this week. There may be some pullbacks. I would see what happens when the price will start moving around the two blue areas. I will be looking for some sign of bullish pressure around those areas if it will not be shown this analysis becomes invalid. Trade safely and manage your risk!
Does OPEC meeting results support the Canadian Dollar ? Everyone is waiting for what the OPEC and non-OPEC allies meeting will come out today 6/06/2020.
So then they agree to reduce production or increase the rate of production reduction, it will be a strong support for oil prices and thus will support the rise of the Canadian dollar.
And If there is no agreement ,the petroleum price will descend, and therefore it is possible to push the Canadian Dollar down.
Technically, the pair is moving inside a right triangle. Any breakout of the upper side of the triangle at 1.7120 represents an opportunity to buy. Any break of the lower side of the triangle and the uptrend represents an opportunity to sell.
Buying Targets: the first target is 1.7346, and the second target is 1.7625
Selling targets: the first target is 1.6640, the second target is 1.6503, and the third target is 1.6176.
GBPUSDDaily chart. We see a strong resistance level(blue area) that shows us proof of bearish pressure. I would wait to see on the lower time frames if the bullish structure will be broken. I would also look for potential bullish pressure on the pink area, which is the previous broken area. MANAGE YOUR RISK and trade safely.
GBPJPY M30 - Short SetupGBPJPY M30 - Struggling to maintain this upside momentum on GJ. Could see a break of support, retest and correction down to our H1/H4 trendline support zone. Really nice RR if this breaks and retests nicely.
EURCADStrong key level that showed buying pressure. Support has been broken and I'd look for a retest of broken area before going long.
Manage your risk and trade safe.
AUDUSDAscending Triangle. Possible breakout. I would wait for retest of broken area. Manage your risk and trade safely!
USDJPYWaiting for retest of broken zone and a bearish price action signal to enter. SL above structure. MANAGE YOUR RISK!
Bitcoin APEX Of Potential Downside 'Doomage' w Bearish DominanceBitcoin has broken down to under the 9k mark. In 24 minutes at market open on the daily will see P action back in the major downward channel / under the channels upper trend line. This is sitting in a crucial spot just below the inception point of the inner upward channel bottom line.
What does this mean?, well for strength bulls would want to have pushed above this region and start the week strong. The inverse may transpire with BTC entering the last week of may in a more bearish position thus not favourable for the bulls to start their crusade to 10k.
Also if remain in this area watch for the consolidation on the left. I’ll watch price action to see where the strength lies throughout the day.
Published chart is the 4 hourly. Have a stella trading week :)
Daily Chart:
See the link below for a more detailed weekly overview!
Bitcoin to Date
Daily
Current Price: $8992.1 USD
Daily Change %: -2.00%
Market Cap: $166,146,462,199.38 USD
24 Hour Volume: $31,411,922,463 USD
Population of the World: ~7,786,720,100+ humans
Today’s Bitcoin Total / World Population: ~ 0.002361062265485 Satoshi’s / $21.23 USD per person
Overall
Approximate Bitcoin in Circulation: 18,384,931 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,615,069 BTC
Road to 21,000,000 Bitcoin Mined: 87.55%
Current Bitcoin Dominance: 67.09%
Tether overtakes XRP in Dom 3.56% Vs. 3.51%
📈Support & Resistance📉*
Support Levels
1st Support Zone: 8792.4
2nd Support Zone: 8364.4
3rd Support Zone: 7883.0
Resistance Levels:
1st Resistance Zone: 9630.8
2nd Resistance Zone: 9839.5
3rd Resistance Zone: 10321.3
Price Level Consideration
Approximate Days Until Halving: 1447 Days (Pending Timezone / Blocks Mined)
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 9667.4
Current Price Zone: ACCUMULATION ZONE
Biggest Bitcoin Transaction of the Day**
1. 🚨1,901 BTC ($16,904,758 USD) transferred from OKEx ➡️ Unknown Wallet 🚨
2. 🚨1,900 BTC ($17,234,421 USD) transferred from Unknown Wallet ➡️ OKEx 🚨
Largest Cryptocurrency Transaction Today:
🚨🚨1,327,200,000 VEST ($12,010,175 USD) transferred from Unknown Wallet ➡️ Unknown Wallet 🚨🚨
Gold***: $1,735.44 USD -0.76 -0.04%
Silver***: $17.21 USD -0.01 -0.05%
——————————————————————————————————
*📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames.
**What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire.
*** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin.
Created & published by Des Landen
USDJPYStrong resistance zone. Seems like there has been a breakout and a possible retest. It might touch the upper trendline and bounce back down.
What are your thoughts?
EURAUDCurrently trading in a channel. It's getting close to a resistance area. There might be some movement to the downside.
