Tradeciety

Tradeciety

The EURNOK has completed a Donchian shift from the lower to the upper channel. The price is breaking out of the 9.81 resistance as well as of typing this. HOWEVER, the breakout will only be confirmed with a successful close outside of the level. The 150 SMA is waiting for the price just a few points higher. If the breakout succeeds and if the price can stick...

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The CAD has shown the worst performance against the USD lately, resulting in a small recovery after the strong trend in the USDCAD. The CAD strength is also visible when looking at the EUR. Whereas the EURCAD hasn't moved at all, the EURNZD rallied higher significantly - the CAD is keeping the EURCAD from making a move and it's holding against the EUR. The...

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Just like Gold, Silver has shown a great bullish trend lately. Now, however, both precious metals have slowed down and put in a range period. The boundaries are well defined between 15.87 and 15,27 and this should also mark your no-trade zone. At least if you are active on the higher timeframes, you must wait for a clear and confirmed breakout. So far we have...

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As mentioned on Monday, the USD short was looming over many pairs and the USDSGD (see linked idea) and the USDNOK, as indicated, have played out as very good movers. The EURUSD breakout is also shaping up as we speak and a break of 1.15 seems likely at the end of the day. Will this set the theme for the next weeks and will the USD weakness persist? The USDX is...

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With the USD lower, and even showing early signs of a potential breakout pattern, the EURUSD is back at its resistance. It also just met up with the 100 period daily MA. A clean, strong and confirmed break above 1.15 could set up more bullish momentum and even potentially start a new trend for 2019. How do you see the USD in 2019? meanwhile, the USDNOK and...

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ETH has been ranging lately between 165 and 150 after a good bullish run. The price currently still shows more bullish than bearish signals but if 150 breaks to the downside, we could see a deeper correction. 172 is another important key level to the upside but if ETH is able to clear the resistance, the next upside target can be found at 209 which has been a...

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The USDSGD just broke out below its multi-week support level and the US-Dollar Index is also showing signs of weakness. The only thing that makes this market unattractive to trade is the noise on the left. The last time the price visited those lows, there was a lof of back and forth and the price squeezed the shorts multiple time. Even worse, the price will be...

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You can pull up any chart and you can easily come up with 100% legit reasons to either buy or sell the same market. What do we see? Is this a cup and handle and time to buy or is price struggling to break resistance and we should sell? The 1H shows already the start of a downtrend. But the Daily shows a new uptrend. The RSI is pointing down but the FIB...

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The candle close rule sounds simple but it very effective. In this video I explain what it is and how it can save your trading maybe as well :)

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Hello there! Rolf here and I am starting a new video series where I will regularly do new videos about charting concepts, explain indicators or also cover other trading topics. Today, I started with trend strength analysis and how to read momentum with 3 important tools 1. 2 Moving averages Look for a breakout of a range and a separation between a longer...

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Let me show you a great feature in Tradingview that allows you to analyze currency strength and compare different markets. By setting up a currency strength chart, you can find out which market is leading, who is the strongest mover and which market is the worst performer. This can help you with market selection and also help you understand what is going on in...

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This could be a big move for FX traders as the US Dollar Index is approaching the neckline of the recent Head & Shoulders pattern. A sustained break could end the sell-off that started with the beginning of 2017. No need to rush in the pattern! Give it time and wait for a real breakout and confirmation.

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Good chart reading and technical analysis do not have to be complicated. A trader should focus on a few key principles when trying to understand a price chart. In my trading, I have stripped away everything that doesn’t provide value and I have optimized the points on my checklist that I use to read price charts. Below you see the current EUR/USD chart on the...

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The EURO has put in a temporary consolidation ahead of the ECB event later today. Once you zoom out, you'll see that there is significant room for the EURO to move higher. But a break below 1.19 could start a new bearish phase and the triple top shows temporary exhaustion of the bulls. There hasn't been a bearish phase in quite some time.

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Very interesting to see the setup on Kiwi right now and we have a bullish pattern against a bearish pattern. Will the longer term pattern dominate the shorter pattern? Only time will tell but the real signal will leave very obvious clues that will make it 'easy' to get on the right side of the market.

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I don't trade stocks but the price principles are the same across asset classes and once you understand how to read buyer-sellee dynamics, you will be able to interpret any chart. The DAX broke it's 20 SMA a while back and is about to confirm the retest which is an important pattern. A break of 12,000 would open the room for more downside and it could start a...

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The S&P is challenging a recent trendline and is also testing the previous highs. There is a longer term trendline waiting below. A break could open the room to 2400. A complete short reversal would happen, if we break 2400 to the downside as the last serious swing low.

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Those are the 'easy' charts that are so hard to trade. Right now, it "feels" like the price has a good chance of breaking lower after the long trend and the current range. Many traders will jump the gun and enter way too early. Of course, the short breakout looks like a no-brainer after the fact. FOMO is causing losing traders to get in too early and the pros...