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Trendlineanalysis

GBPUSD. SELL HERE!Certainly, here's the translation of your technical analysis for GBP/USD today: 1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows. 2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future. 3. Trendlines indicate that the price continues to respect the slope and wave amplitudes. Indicators and volume suggest that the price is slowly decreasing. It is predicted that there will be a corrective wave 3-4 soon. 4. Prediction: When the price approaches the upper trendline, we can consider SELLING based on the descending structure of GBP/USD in waves 4-5. This may mark the temporary end of the downtrend. Please note that this analysis is based on technical indicators and historical price patterns, and actual market movements may vary. Always use proper risk management and consider multiple factors when making trading decisions.
Short
by KC_Trader77
3
DXY, to continue price ascending to 105.834Last week's DXY index candle bullishly closed with a strong rejection with from the 104.643 support because all of the USD fundamentals (The CPI, Core PPI, Core Retail Sales, etc.) which occurred last week went to strengthen the dollar. The DXY is expected to consolidate between current level of 105.351 and 105.00 since there is not important fundamentals between Monday and Tuesday before a potential rise to 105.834 There are important fundamentals coming up this week form Wednesday to Friday -FOMC Statement and press conference -Federal Funds Rate -Unemployment Claims -Flash Manufacturing PMI
TVC:DXYLong
by AbeikuGlobal_FX
Close to A Bottom in December Corn? After scoring a new contract low early in Tuesday’s trade, December corn futures managed to stage a late-session rally to close in positive territory. Moreover, the contract managed to close above trendline resistance that’s been in place dating back to June 20th. Price action on Wednesday served as a continuation of the late-session strength, with the contract closing 6 cents higher to close at 482 ¼ - marking a second consecutive close above trendline resistance. Prices have clung to the trendline very tightly over the last 8 trading sessions, and the previous two sessions are the first instances of prices closing above trendline resistance. So the question now becomes, are we close to a bottom in the December corn contract? Looking at price history and seasonal tendencies, we can see that the December corn contract typically bottoms out between the final week of September and into the first couple of weeks of October, before ultimately staging a moderate rally in late October. www.seasonalgo.com If we are indeed attempting to put in an intermediate bottom, we can expect a support/resistance flip. Meaning, that previous trendline resistance should now act as trendline support. In other words, if prices falter in the coming days, and test the trendline, we should likely see bulls come to defend the trendline. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZCZ2023
by Blue_Line_Futures
1
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
S&P500 (SPX) -> Buy The DipMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on S&P500. After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected. After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
SP:SPXLong
by basictradingtv
44
#EURUSD 2 interesting areas for bearish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in the pairs specially USD pairs during news and while FOMC chairman speaks. Other than that we have 2 very important area for price to turn and possible continuation of downside movement. As you can see in the chart we have clear downtrend move in action in EURUSD pair and price been forming bullish corrective move since new low was formed.
Short
by mohemati
USD/CAD - Key levels to watchTechnical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour chart On the 4-hour chart, USD/CAD is also in a downtrend. The price is below the 200-period moving average, and the RSI is below 50. This suggests that momentum is to the downside on this timeframe as well. Daily chart On the daily chart, USD/CAD is in a consolidation phase. The price is between the 50-period and 200-period moving averages, and the RSI is around 50. This suggests that there is no clear direction for the price on this timeframe. Conclusion Overall, USD/CAD is in a downtrend on the 30-minute and 4-hour charts, but in a consolidation phase on the daily chart. This suggests that the price is likely to continue to move lower in the short term, but there is no clear direction for the price on the longer term.
Short
by YExplore
Is BTCUSD third attempt at 24919 going to hold?(1)This is the third swing low of Bitcoin on the daily timeframe. We will track and see if this holds to become a weekly bottom. The difference with this bottom confirmation is that there has been a trend change from a downtrend to an uptrend as shown in the chart image. However,the volume spike is not huge. Another thing that we have observed is that the price level of 24756 on the weekly timeframe has held and has not been broken yet to give a trend change. Hence weekly is still in uptrend as in image below. We have now entered this trade on 4h confirmation bar on a reduced risk in review of the reasons above. Trade order details BTCUSD(Long) E - 26086 SL - 24919 T - TBC We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1.Trader Starter Pack 5 day video course Look on our channel profile or at our signature section to access it 2.7 steps to achieve consistent trading performance www.tradingview.com 3.7 steps for strategy construction www.tradingview.com Refn Image of Weekly timeframe
BITSTAMP:BTCUSDLong
by masterthemarkets2010
GBPJPY will fluctuate in a wide range!Strong Bullish candles and weaker bearish moves. Candles are begging traders: BUY! But the super bullish channel might be broken this time. Remember these kind of channel won't last long! Take a look at GBPUSD Pound is going to be weaker against USD Same for USDJPY: If I want to favor one to another I'll choose GBP so our suggested entries in lower time frames could be found around: LONG AT: 181.05 AND : 177.71 SL : below 176.71 Take profit points: 183.00 186.00 Any breaking news or an important one, could devaluate this analysis. Also, breaks out of the yellow range is expiration of the idea.
by AliSignals
XAUUSD- Is the strength of gold no longer important to the econoIn the initial hours of Monday's Asian session, gold prices were observed to be hovering at approximately $1,920 per troy ounce. Despite this, the precious metal managed to maintain its previous weekly close due to some assistance from the weakening US Dollar (USD). The US Dollar Index (DXY), a measure of the performance of the Greenback against six prominent currencies, is presently trading around 104.80. This value is slightly lower than its peak since April. However, there is an increase in US Treasury bond yields which may exert pressure on gold prices. Specifically, there has been a rise in yield for the 10-year US Treasury note by 0.52%, reaching 4.29%.
OANDA:XAUUSD
by Mars_Hunter
4
Analysis of BANKNIFTY index on Daily chart (1D)Looks beautiful on the daily chart... I'm happy to see the breakout candle of the H&S pattern trendline (pink line)... Now, we can see the higher resistance shifted to 45300 / 45900 and support is shifted to 44500 / 44100 It's just a view of what I observed on the chart. I'm sharing my observation on this platform purely for education purposes and It's not a trading idea. I'm not a SEBI registered technical analyst, so consult your financial advisor before trade and trade based on your own knowledge and risk management...
NSE:BANKNIFTY
by jaydeep984trivedi