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USD/CAD HIT ONCE AGAIN KEY SUPPORT ZONEUSD/CAD traded slightly higher yesterday after it hit once again the key support zone of 1.2580, clearly visible on a 4-hour chart. That said, the recovery stayed limited near 1.2630. Lately, the pair has been trading in a consolidative manner, and thus, investors will refrain from confidently calling its next trending direction. In order to start examining the bearish case, the experts would like to see a dip below that key support. This will confirm a forthcoming lower low and may initially target the 1.2533 zones. Another break, below 1.2490, could invite more bears into the game, who may drive the action towards the levels of 1.2426 or slightly on South to the key support and psychological zone at 1.2300. On the upside, the experts would assess a bullish-case scenario when they see a recovery above the high of August 27th, at around 1.2700. This could set the stage for upside extensions towards the high at 1.2787, the break of which could extend the rally towards the peak of August 20th, at 1.2950. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
BTC probabilityas mentioned in my previous ideas the green upward channel is still valid, I see 2 tension point that are targets for bitcoin which I mentioned them in the chart with ( T ). in my opinion, there is 3 scenario : green: due to the market news and situations in the overall financial market, I believe other markets need a retracement and lately cryptocurrency has had enough news to get attention, also the adaptivity of crypto is increasing day by day, so I believe if any dump or retrace will happen for other markets the smart money will fall into crypto and the green arrow will move into green channel even there is the possibility to break it above. orange: there is a possibility for the price to range between blue and red line this would happen if in close future any fud news will make for BTC and makes doubts in the people mind. RED: this would be the worst scenario which would happen a range market between two red lines and altcoin will suffer if this scenario happens. I don't see any bearish movement, there would be a little retracement for accumulating but no dump for the future, for now, 40 is the basement for BTC.
BITSTAMP:BTCUSDLong
by ZorgOros
SQ bounce of supportHi, This is my first time posting in the community. Basically, I want to give my overview of what I’m looking at on my prediction for SQ. I formed to two tread lines (one bottom and one top) that show support and resistance levels. Currently, I am looking at the hourly candle in which you can see it coming to support. The other indicators I am using are MACD and RSI. The MACD is showing that the price action is about to move in a bullish trend. The RSI is a bit low but the pattern is showing consolidation. Then I analyzed the 5 minute candles in which I see a symmetrical triangle pattern forming. I am expecting that SQ will bounce off that tread line and head towards an upward trend. One useful indicator I have been using is the 233 Exponential Moving Average which indicates an upward trend. Also, I am looking to go long or even possibly day trade within this week for options.
NYSE:SQ
by menjivar399
1
XPD/USD 4h analysis possible buy Hello everyone , as we all know the market action discounts everything :) The XPD/USD seem to continue its movement in an upward channel, there are 3 different scenarios that am seeing the right now : 1_The price will drop down to the old resistance line which is the support line now at 2712.474 and then bounce back up and maybe breaking the new resistance line at 2747.800 which if that happen thats a great bullish mark , where we could use it to trade breakouts. if you dont know what is a breakout then watch this 2_The price would continue the bullish movement and reaching the resistance line at 2747.800 and breaking out which could be a great buy opportunity 3_The price will reached the support line at 2712.474 and if the price breakout that support line it would be a confirmation that the price will drop down and it a possible sell signal Using different indicators showing that the market is bullish so scenarios 1 or 2 is more possible then the 3 : 1_The market price is moving above the MA and EMA (bullish sign) 2_The RSI is at 64,99 showing strength is the market and could be reaching overbought zone at 70 (bullish sign) 3_The MACD seems to be gaining more momentum with the trend going through a positive crossover for now (bullish sign) Support & Resistance points : support Resistance 1_ 2719.46 1_2738.34 2_ 2710.04 2_2747.80 3_ 2700.58 3_2757.22 Fundamental point of view : One-month risk reversal on Palladium (XPD/USD), a measure of the spread between call and put prices, not only snaps a two-day uptrend but also marks the heaviest fall since last Thursday, according to data source Reuters. A call option gives the holder the right but not obligation to buy the underlying asset at a predetermined price on or before a specific date. A put option represents a right to sell. That said, the daily difference between them slumps to -0.012 by the end of Wednesday’s trading session, per Reuters. The moves could be linked to the XPD/USD price performance that prints a three-day uptrend of around $2,650 by the press time of early Thursday. As the options market signal favors the palladium bears, sluggish momentum amid the pre-ECB caution and a light calendar tests the commodity traders. according to fxstreet _____________________________________________Make sure to Follow and Like for more content_____________________________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !!! Thank you for reading.
OANDA:XPDUSDLong
by GabiDahduh
USD/JPY 1D analysis 01/07/21Hello everyone , as we all know the market action discounts everything :) notice from all the data and the indicators that we saw on the chart the USD/JPY seems to be moving up with no signs of a reversal yet . we could be seeing the price reaching the are 112.30 in the next few days . Fundamental analysis : The Japanese yen turned out to be the worst-performing currency on Wednesday, allowing the USD/JPY pair to snap four consecutive days of the losing streak and climb back above the 111.00 mark. The underlying bullish sentiment in the financial markets – despite worries about the spread of the highly infectious Delta variant of the coronavirus – continued undermining the safe-haven JPY. This, along with a strong pickup in the US dollar demand further contributed to the pair's intraday rally of over 70 pips from levels just below mid-110.00s. In fact, the key USD index posted its biggest monthly rise since November 2016 and remained well supported by the Fed's surprise hawkish shift. It is worth recalling that policymakers brought forward the timetable for the first post-pandemic interest rate hikes and signalled two rate hikes by the end of 2023 at the end of June policy meeting. The already stronger greenback got an additional boost following the release of a stronger ADP report, which, to a larger extent, helped offset a sharp decline in the US Treasury bond yields. The monthly data published by the Automatic Data Processing (ADP) Research Institute on Wednesday revealed that the US private-sector employers added 692K jobs in June. This marked a notable deceleration from May's downwardly revised reading of 886K (978K reported previously) but was better than the market expectations for 600K. This, along with hawkish comments by Dallas Fed President Robert Kaplan, cemented market expectations over the potential for an early move by the US central bank to rein in its highly accommodative monetary policy. In an interview with Bloomberg TV on Wednesday, Kaplan noted that they are seeing a broadening of price pressures and would prefer to taper sooner than the end of the year because of questions about efficacy, side effects. Apart from this, end-of-month/quarter flows acted as a tailwind for the USD and pushed the USD/JPY pair to 15-month tops. That said, upbeat Japanese manufacturing data kept a lid on any further gains for the major and led to consolidative price action, above the 111.00 mark, through the Asian session on Thursday. Japan Tankan Manufacturing Index rose to 14 in Q2, marking the best level since 2018 and the fourth straight quarter of improvement. Adding to this, the Markit Japan PMI Manufacturing was revised higher to 52.4 in June from 51.5 flash reading. Moreover, confidence about the outlook reached the highest level since the series began in July 2012 amid hopes of an end to the pandemic. This, in turn, extended some support to the JPY and capped gains for the major. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading.
by GabiDahduh
VIRGIN GALACTIC HOLDINGS (SPCE) IS IN STRONG BULLISH FORMATIONVirgin Galactic Holdings Inc (SPCE) is in strong bullish formation after completed the third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico, launched on May 22, 2021. The share price rose by more than 140% in less than a month after it hit the strong support level of 14$ per share. The Unity vehicle (the carrier plane), with pilots Dave Mackay, powered to a height of 89km (55 miles) and then glided back down to Earth. The company has more than 600 paying customers – including movie and music stars waiting to take the same flight. But they will get their chance if US Federal Aviation Administration fully licenses the spaceship. The company had problems with interference issue, which aborted a previous flight in December. Following the worse than expected financial results in February, Sir Richard Branson (the founder) and four entities sold 5,584,000 shares of Virgin Galactic between April 12 and 14. The share price drop to 14$ per share – Covid-19 pandemic levels, which pandemic inflicted damage on the whole travel business. But during the last month, the stock's performance is more than reasonable, and the strength of the upward movement shows no sign of weakening. After the rebound from the intense psychological level at 14$ per share, the price breakthrough 23.6 and 38.2 Fibo resistance levels, and yesterday closed at 50.0 Fibo level and very close to 35$ per share. If impulse upward movent will continue and breakthrough 50.0 Fibo level, it is possible to test 61.8 and looking for the high from February this year. In another way, the price may test back again 38.2 level and confirm it once again as a support level already.
NYSE:SPCE
by legacyFXofficial
Acropolis - Upward trend. AKRO/USDTMore trading reviews and trading on my channel. Link in profile header Hello dear friends. Acropolis under consideration. 1 candle - 1D TF. Has been recruited by a major player for over 76 days. An exit from the accumulation zone took place and provoked an impulse upward movement. At the moment, the coin is consolidating in a whip, tapering wedge. Follow the trend and the levels that are shown on the chart. You don't need to invent anything. Since the coin is pump / dump. The exit from the wedge will show the way - whether the uptrend will continue or not. This Channel is not financial advise, It's My opinion and My observation: @opptrade ❗️❗️❗️Disclamer:❗️❗️❗️ Dear friends, traders. My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading. - I do not recommend that you trade AT ALL if you do not know what risk management is, money management. - I do not recommend that you trade without a STOP LOSS. - And I'm not responsible for your "make millions of dollars fast" gag - I am only showing you the charts that suit me for certain positions. - For each position - RESPONSIBILITY LIES ON YOU. If you don't use all of the above, your deposit will soon become $ 0 - Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be. In time, i to bee wrong too, and have a loss. But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term) I am only showing you how this or that scenario can work in trading. For all your actions, only you are responsible. 💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Long
by UnknownUnicorn13204076
1
Apple: Keeping The Doctor Away! 🩺After a couple of weeks of decline, the Apple Inc. stock is perfectly positioned to start its comeback and strive for a new all-time high. If the price remains above $125.39, we expect the price to rocket past $137.94 at a probability of 65%. So, an Apple (stock) these days might just keep the (financial) doctor away. However, there is a chance of 35% that we see the share price further decline below $107.33, but currently, we are too far away from these kinds of rotten apples that would need us to consult more than one doctor, if eaten. Stay healthy, stay trading! 🍎
NASDAQ:AAPL
by MarketIntel
2
Little Road Bump ⚠️Of course, when pushing your Hellcat down a long and empty road, the last thing you want to have is an unexpected road bump on the way. This is what the Dow Jones had to experience today (metaphorically). Joe Biden’s announcement of a $1.9 Trillion Covid-19 relief package was not welcomed by the Dow, which reacted to the news with a dip. No need to worry, though! We hold on to our calculations and expect the Dow to approach a range between 31400 and 31700 points before a correctional movement sets in. Alternatively, if the Dow relentlessly pushes the gas pedal, it might also surpass this mark and aim for regions above 33300 points. Are you down to ride? 🚗
CBOT_MINI:YM1!
by MarketIntel