US
EURUSD: Bullish Wave Continues! Where is the STOP?!
EURUSD remains sharply bullish.
The price keeps growing setting new structure highs.
On a weekly we can see where bulls are aiming at:
during the last 5 years, the price is trading within a gigantic horizontal trading range.
1.04 is the support of this range and 1.25 is its resistance.
Right now the price is very close to the upper boundary of the range.
It looks like bulls are willing to reach that soon.
Only then we can expect a strong pullback and potential reversal,
but for now, let it run.
WTI Crude - Time for a correction?Oil prices have been tearing higher since the start of November, rising more than 40% to return to far healthier levels.
The rally has started to slow though and with so much good news - vaccines, OPEC+ deal, US stimulus deal (almost) - now priced in, I wonder whether we're about to see a bit of a corrective move.
WTI has trended higher nicely, following the 55/89 period SMAs on the 4-hour chart and a break of this may be the first clue that it's run its course.
WTI peaked just above $49 today, entering what has been a major area of support over the last couple of years before becoming resistance in early 2020.
While a US stimulus deal would be positive for oil demand in the coming months, I wonder how much it is already priced in. It may give crude a small bump but would profit taking then kick in?
DOLLAR INDEX (DXY) Fall Continues!!! Where is the Next STOP:
DXY keeps falling.
All major usd pairs and commodities are benefiting from dollar weakness.
The next strong weekly structure from where we can expect a pullback is 88.5 - 89.5 level.
It is a major key level based on 2009'th/2010'th/2018'th price action.
I won't expect a reversal. Rather a pullback from that.
And until we are above that level, bearish bias remains.
AUDUSD: Key Levels
AUDUSD is trading in a sharp bullish trend.
I know that many traders are looking for a pullback because the pair is way overbought.
However, be very careful.
Here are the closest key levels that I identified on a weekly chart:
Support 1 - 0.73 - 0.745 (based on a local year's daily high and 2015th - 2018th price action)
Resistance 1 - 0.77 - 0.78 (based on 2016th-2017th price action)
Resistance 2 - 0.81 (based on 2015th - 2018th price action)
As you can see current spot prices are way too far from identified key levels.
I would recommend to stay away from trading AUDUSD until the underlined key levels are reached.
DOLLAR INDEX (DXY) Time To Recover?!
Dollar index leaves reversal clues:
the price has broken above a falling trend line on 4H
and has set a higher low before the breakout.
We haven't seen a strong pullback on dxy for a while,
so it looks like it's finally the moment to recover.
Intraday goals:
91.5
91.4
90.75 Key Level to Watch on DXYPrice stalled as we approach a 2018 level marked at 90.565. Specifically, price broke above this level back in 2018. Over on the hourly, we're seeing price holding higher on the 90.75 level. If price holds, we can expect short term upside and trade around our major pairs accordingly.
NASDAQ US100 Chart Analysis December 4
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for December 4th.
writing two analysis a day is difficult.
It's a NASDAQ 30 minute chart.
It is a two-way, short-position strategy.
Is a sideways guarantee,
Because the pattern is irregular,
This is a very difficult section to analyze.
If today's trading strategy is correct,
You will be able to see the magic.
Centering on the green parallel line,
Each major section has been marked.
I marked section 1 and section 2.
*At current location,
You should never break through section No 1.
Because it can rise vertically,
Trading strategy failure.
Adjustments should be made in section No 1.
*Without rebound from current position,
In case of immediate adjustment,
If you touch section No 2
At the highest point,
Whipsaw is very likely to come out.
To be precise,
Short -> Long -> Short -> Long
Becomes a switching strategy,
If the No 2 downtrend comes first,
Long -> Short -> Long
It changes to the switching strategy.
Check each major section.
Stop-loss required, Please Trading safely.
Thank you.
AUDUSD: Pullback From Key Level
AUDUSD is approaching the year's high 0.74 level.
Yesterday, once the level was tested, the price reacted immediately and bearish engulfing candle formed on a daily.
Taking into consideration slowing market, chances are high that we will see a pullback.
Goals:
0.731
0.725
US Oil Daily Frame :: When And Why Buy And Sell !! Hi Pro Traders ♥
Let's Look To Chart And See What Will Happen For US Oil !
Frame : Daily --
Our Vision IS : ♦ Buy And Sell ♦
Why Sell ?! I Will Tell You
♦ Reasons To Enter Sell Trade ♦
🀄️ Back From Resistance Area
🀄️ Back From Trend Line
🀄️ Can't Break Out POC Line
Why Buy ?! I Will Tell You
♦ Reasons To Enter Buy Trade ♦
🀄️ Break Out Resistance Area
🀄️ Break Out Trend Line
🀄️ Break Out POC Line
See You After Take Profit Done ♥