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Fundemental

EUR headed down? USD Strengthening? We'll see next week.EUR Dropped slightly on Friday morning, coming down to a low of about 1.08362 trying to break support structures. However the bears couldn't quite get past it. Per previous predictions based off of various data, we did see a retrace back up consolidating for the end of the week below the high. This will likely become become a new Support or Resistance structure later on as we likely move back down. Analysis for the 5 Minute timeframes show that we very well may come back down to continue a down trend, making occasional retracements. As DXY show, the USD did come to a low of around 104.086 before making a higher low, consolidating into a new possible support structure. However SPX500 and DJI did break highs, so this may show decreased interest in the USD, which will impact the USD negatively. Keep an eye on news reports Sunday as the GBP monthly HPI releases along with CNY reports, which will impact the USD value. Small piece of information for any new traders still trying to get a handle on things: Remember that geopolitical news and daily ongoings will impact currency values. Things such as Corn, Cattle, Crude Oil, Precious Metals & more all affect currencies. Keeping an eye on these things will help determine where values are going. Keep an eye on these websites to track news for Forex, Metals and Cryptocurrency. www.forexfactory.com www.metalsmine.com www.cryptocraft.com And here's a Correlation map for Currency pairs. www.mataf.net Good Hunting Traders.
by RagingSniper
USD on the Rise? Concerns for the EUR. We'll see at 07:30 CSTUSD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were beneficial to the AUDUSD & NZDUSD pairs as AUDUSD soared to a high of around 0.66230, retracing back to around 0.65994 before rising slightly into a consolidation pattern. NZD had the same affect reaching a high of around 0.60400 before retracing to a low of 0.60142, retracing near the high before settling down into consolidation. EUR pairs having the same reaction . GBP & EUR news releases early this morning being mostly favorable for the pairs, USD trying to get a footing with the demand of Gold & Silver still on the rise, we're seeing some uncertainty in the market as we come to an end of weeks closing. Awaiting further CAD Unemployment Claims report scheduled later this morning at 07:30 CST, this could be a make it or break it moment for the USD as we come to a close, pushing us into a Reversal for the week ahead or pushing us further down. Good Hunting Traders.
TVC:DXY
by RagingSniper
Gold Analysis of War impact.Upon research, here is the fundemental reasoning for my gold entries. I have placed an order at 1853.5 I think gold has not given up with with the push down as of yet. And I feel asif theres further to go. As far as the Israel and Palistine war is going: USA seem to already putting there nose in, sending warships over etc. This is only fustrating Hamas. Theres no doubt Hamas will not win this, Israel has the backup of many countries including an ally of NATO although not officaly apart. Weve seen the spike of gold from massive reserves being sold off. Golds hovering around the 50-60 area. Whats interesting to me from reading, is that what Saudi have to say. We know Saudi are a very powerful, oil rich country with massive gold reserves too (323 ton they hold). If they get involved we may see alot of market movement. For the good or bad i can not comment. Watch gold closely, probably better to look at trades before news is announced. But as this is war, and news is news, we cant predict. Just to put in perspective, Saudi have more gold than Bolivia, Finland, Cambodia, Belarus, UAE and Argentina together. But are still only at 16 in the world for holdings. If we look at Saudis oil reserves, they are No2 in the world. They’ve got 65.4 years of oil reserves stored, And produce a whopping 10.85 million barrels per day. That’s est. 1,725,150,000L per day. Crazy figures. Ill update this post with daily and weekly thoughts. In summary, I feel the war unfortunatley has further to go. This is only the start. Could this pump or dump gold? ... Time will tell Ethan
OANDA:XAUUSDShort
by E-ASHfx
BULL-BEAR-ACUMULATION IN THE MARKETS AND INTERNAL DYNAMICS /BTCBULL-BEAR-ACUMULATION PERIODS IN THE MARKETS and INTERNAL DYNAMICS OF CRYPTO MARKET These phases follow each other, although their duration is different. In this way, cycles are formed. Bitcoin has been following a 4-year halving cycle since 2008. 4 years constitute a cycle. Within 4 years, bull-bear-accumulation processes take place. As long as people and markets exist, these cycles will always continue. There will always be new winners and losers. This is the purpose of the stock market. For success: Firstly, you need to understand what the stock market is, its structure and periods. You should know that the falls and exits will end somewhere, you should know the trends. The crypto market is still the most risky market in the world. We all know that the losses are very big as well as the gains. People who cannot take this risk should not be in this market. I will also add parts of my old articles where relevant. ACCUMULATION (IN SHORT, TRANSITION PERIOD, MATURATION OR COMMODITY ACCUMULATION ZONE) A dull, no-earnings zone for new traders, following the sharp declines in the bear period and partly in the form of a more horizontal saw. For large investors, it is the pre-bullish period, when they gather goods at low prices without making much difference to the market. Depending on the internal dynamics of the market, this period may be longer or shorter than the bear Disbelief and suckers rally periods on Wall street cheet. It is the region where most small investors fall out of the game and get the last slap. There is an intense flow of bad news in this region. Those who do not know much about the market get fed up with them. In this period, which is already horizontal and unprofitable, a lot of shaking and reverse movements are made Those who can overcome this part are now on their way to earnings. Remember, the purpose of this part is to collect your goods cheaply in order to sell them more expensively in the future. So the market does not pity anyone here. Do not expect mercy !!! The best thing to do in the accumulation zone is this: to be patient and cost as much as possible. At this point, the thought of selling and buying a little lower can lead you to a mistake. You can see this from those who sell around 16-17-18k because it will fall to 10K When you reach 25k levels, thoughts of whether I missed it, whether it will go from here, whether I should enter will tire you out Do not try to look for a bottom point. Trend bottoms, turning points can be detected more or less. For example, bitcoin has been falling since $69K. You can say that it is appropriate to cost under 20k You have the chance to create costs under 20k for about 9 months, a very sufficient time. So far we have seen $ 15.5k as the lowest point. Purchases should have been made at those levels. Will 13 come? What if it comes, what difference will it make? You're trying to get rich with the $2,000 in between, you can't. The endeavour is pointless. Also, get to know a little bit about what you are investing in. Do not jump in with gas, with a moment of excitement, just because someone said so. Give importance to past experiences. Too much experience is important in the crypto market. Did the bull come? You always hear this question. This is a process and I will try to explain this process in my own way. The bull has started from the red candle at the bottom to the next green candle. The bull period is actually a sufficient process to make money. But the feeling it leaves in people is that it is very short. Firstly, we want it to last longer, we can't get enough :) secondly, it ends quickly because we join the majority towards the end. The rise periods of altcoins are relatively shorter than bitcoin. Reasons for this; their historical past is short, many of them are cyclical (trend) In the most glamorous last periods of the Taurus period, many phenomenal expert analysts emerge. Since their numbers are higher than quality people, the number of people they interact with is also high. New entrants have no chance to make this distinction In the end, they pay for it with their money. This is the same in Turkey, the USA and Japan. Within some limits (rules), the same situation is the same even in country stock exchanges. Look at the stock market right now, you can already understand directly It is the inevitable result of an environment where money is made from money. Manipulation, speculation is a must (I am not praising, I am stating the existing situation). Fast earnings high excitement easy money environment also breeds scammers and victims. For someone to make money, large groups must lose money. Usually the big losers are uninformed new investors. In order for the last losers to win, new last comers must enter the market (new cycle). The bull period is why novices are more courageous and earn more at that stage. Because they have no previous negative experiences and they have started their transactions in a positive environment, everything is rosy Whatever you put your hand on, it's going up. So the market allows it. The person who has experienced the bear market for a long time cannot show this courage because he has been burned once. He approaches every project cautiously, does not trust easily. He is overprotective. His first aim is to protect his money, whether he realises it or not. It is not easy to get out of the psychology created by prolonged declines. This psychology may continue until the increases are finalised and the bull trend is accepted. The biggest motivation of the bull period is to lock as many people as possible at peak prices. The bear season is to buy back the goods locked at the lowest prices. That's why great news comes at the top and the worst destructive news comes at the bottom. It's infallible. Stock market bankruptcies, sinking coins. Hacking incidents, country bans, delist fury, etc. You have to wait. If you entered at the end of the bull market and you are going to continue, you have to. But by taking advantage of this wait. You don't have to learn everything. Even if you learn 2 indicators in great detail is enough. It is difficult to become a master in a short time, experience requires experience, but if you learn to use 2-3 data in the best way, your success will increase. It is not important to win in a month in a week. It is important to be able to earn and protect it in a year or two years. Consider it as investment and savings, not gambling. What needs to be done to win is plain and simple, the difficult thing is to apply them BEAR People who enter the market at the tail end of the upturn usually lose, and then spend the prolonged downturn (bear period) in a bad psychological state and move away from the market. Crowded groups come to the market when the price is at its highest, everyone is talking about the market, advertisements and good news are abundant and enthusiasm is at its peak. This period is the last stages of the rise. There is no one left to enter the market anymore At first it is not recognised that this is the top. The decline deepens over time. As the price falls, the new investor starts buying at unsuitable points in order to reduce costs. As the decline period extends, the loss grows. The belief that it will never rise again increases. What has happened has happened and the investment has melted. Depression and anger vary according to the loss. Most people leave the market at this point with great loss. Coins that they have been holding without selling since the peak, usually sell angrily at the bottom levels. Some also lose hope and interest. Because the money has fallen so much that its increase will not mean anything. Maybe you are saying this right now: I wish I had bought bitcoin at $3000 in the past. When I first entered, I wish I had bought it at $ 100. It wasn't that easy. It was not that day either. In that $ 3000 you said you would have bought, people were sinking and crying blood. It was as bad that day as it is today. I would even say that 2018 was a worse year than that. No one can promise you that the market will turn from this or that point We can make mathematical predictions with all the data we have. Although the idea that it returns from this point and I will make the purchase from there seems appropriate at first, it is an incomplete approach. Our emotions can be manipulated, but so much technical data, graphics, indicators cannot be manipulated. Read, analyse and try to trade by leaving your emotions aside. It is difficult for someone who is constantly experiencing losses to think objectively. But somewhere it is necessary to reset the mind and look from the outside. This is what must be done to win. After all, the money was somehow lost We'll draw a line in the past and look to the future. From now on, you will think that you are starting from scratch with the money you have left, you will adjust your psychology in this way. Past mistakes will only remain as a lesson. Especially near the bottom, the number of people who say that there is much lower increases considerably. Because trust has been lost. The investor cannot think without being affected by the market. (As it will go further as it rises, it will go further as it falls). It is difficult to overcome once you lose and get out of this psychology. Emotions come into play. You can be a prisoner of ambition and anger Bottom points have to be like this. Old excitements and targets are forgotten. despair and apathy take over the small investor (us). The 10x 100x's said at the top are replaced one by one by targets lower than the level we are at. What you see around you right now. Have you ever heard of targets like 12k- 9k- 7.5k last year? At least I didn't hear from anyone when I was over 45k. The markets we need to examine are not just altcoins and even btc. past data will be light ahead of us. what I mean by the past, world stock markets. especially nasdaq, dow, dax, nikkei should be examined. Let's go back to emotions. I see this a lot in the market, there are those who talk about coins with enthusiasm and those who hate coins. These are inanimate beings, do not approach with hate or love. Losing from a coin is bad, winning does not make it good. #altcoin Or the fact that a coin has not increased for a long time does not mean that it will definitely not increase in the future. There is no certainty at this point. Yes, it may be a finished project or it may just be waiting for its time to come. We stay away from positive or negative certain judgements. Flexibility gives you an advantage. Now let's see how many days the rise and fall periods lasted between 2009-2023 in btc. As I mentioned before, there is never innocence in the stock market and making money from money. The market is never free. "But this time it's different" has been said by every person in every period. And it has always failed. People who have experience in the markets for a long time know this very well. Each period creates its own special conditions. But the result has never changed. At some point, the market ends its decline and starts its new cycle. With new rises, the bad news is immediately forgotten. The loser loses and the market continues on its way. The market is never innocent. There is no emotion. There are always winners and losers. It will be the same in the future. Well, I told so many negative things. Is it so hard to win, does everyone have to lose? No, my purpose in telling you these things is not for you to despair. You need to know what you are in for and you need to understand the rules of the game. Certain rules for winning. There are multiple ways of earning. But not for everyone -Swing -Margin (pro) -Lie down for a long time -News orientated trade I do not do margin trading (I do not recommend it to anyone who is not a professional). I can say that I am a trend follower. I come to the market at the bottom areas, create an average cost, and slowly sell and exit at the top where the hype is experienced. In most of the BTC and total marketcap charts, I show buying and selling points in the long term. I never try to buy from one place and sell from one point. I know this is futile. I aim to increase the amount of coins I have in the trend by cross trading with each other or with usd. I am never in a hurry. I know what my goals are. I also leave flexibility to positive and negative extremes. The rest is only a matter of time. I create more than one option for myself so that I do not remain empty-handed in case some possibilities do not materialise. Remember, making money from Bitcoin is becoming increasingly difficult, the profit rate is decreasing, it is becoming more stable. When we examine the old btc movements and structures; while exhibiting simple and relatively more predictable movements, As time passes, these structures become complex and difficult to predict in the short term. Also, do not buy coins because no one says so, do not enter the transaction Know why you do what you do and be aware of the consequences. These may sound like clichés, but these are the facts. Words like 50x-100x may sound very attractive to you, but no one is a magician. No one has a secret 100x information. These are things that are put forward to attract attention for interaction. Of course, there will be coins that will make 100x, but you can't hear them from somewhere by chance. Finding a coin with 100x potential is only possible with very good fundamental analysis. And it takes a lot of patience to get it. In the past, many beautiful projects have done such xs. And this business is becoming increasingly difficult. There are always tips in both the stock market and the crypto market. And most of them are born and spread as a result of speculation. You can't make sustainable profits on tips. Listen, but don't plan on tips (as in don't believe in fortune telling but don't do without fortune telling) Stock investment is not a match where every shot is a goal. You don't need to hit every ball. You can be patient and bide your time. -Warren Buffet Do not deify anyone in this market. You should get the information you need and move on. The story starts like this: Too many people are following this person, so if I'm in the market, I might as well listen to them. #btc #btc I almost don't know anyone in the stock market who doesn't follow someone on social media. Everyone's path is definitely falling. ''The general public has no idea what is going on, and is even unaware that it has no idea." Noam Chomsky. We can definitely use this word for the crypto market. PSYCHOLOGY Prices and indicators are not the same for everyone. I mean this; we look at the same chart at the same time and think different things. This is because of the positive and negative experiences of those people. Seeing the bitcoin chart below 20k, some see it as an opportunity and some see it as a great destruction. The same way that the price below the 200-week average in btc is a great opportunity for some and a fear indicator for others. If the person is not suitable to understand this, you cannot convince even if you present 10 evidence. Price movement should not be looked at as a belief, it is mathematics. sooner or later, whatever the target is, it will be realised. Since prices do not move according to people's feelings, those who are disbelief at the beginning of the bull and overconfident when the trend ends lose. Your emotions will only mislead you in this market. you have to be a robot. when buying a coin, remember this: you should do good technical and fundamental analysis. you should calculate not only cost but also time. Why did you buy that coin? I don't know, he said, he said buy it, so I bought it, it fell. I couldn't sell it. There can be no gain in this way. At least from your point of view =) In this market, luck laughs at you very little. Everything else is knowledge, experience + patience. NEWS Sometimes news is also used when the time comes to change the direction of movement. For sharp turns and sudden price increases, it is necessary to give people big news to talk about. Sudden drops and exits without a reason cause the system to be questioned and undermine confidence for no reason. But if people believe in a reason, the game continues. In other words, if people can make sense of the stake, there is no problem for the market maker. People want to hear something. The media is ready there immediately. Why it fell: this and that happened, that's why it fell. Most of the time it's not even relevant. The mainstream media never talks about the facts, what is going on behind the scenes, technical analysis, things that are useful for us. At the lows, bad news is pumped in to discourage you even more, and at the peaks, good news is pumped in to attract more new investors and to lock up goods from the top. This is how the market is managed by media power. Paris hilton's laser eye, then it turned into a trend. harry potter author tweeting about btc. Elon musk-tesla Elon-doge Celebrities suddenly becoming bitcoiners and sharing it on the internet Look at BTC trend analyses on Google, how similar the charts are! Remember, the stock market is not just an investment. It is a kind of struggle to make money. The crypto market is literally a stock market. In fact, according to me, it is the most difficult stock exchange in the world. There are no prohibitive rules for those who want to take your money from your hands. No one pities you. They take your money without seeing and recognising you. -Who can't win in the bullfight. Those who hurry too much in profit those who enter pump-dump organisations from the top Those who say that they can't go and constantly change coins and miss what they have Those who tie all their money to a coin Those buried in more altcoins than they can manage Those who are constantly chasing signals left and right, waiting for tips from fake masters they do not know in paid private groups. Those who consume all their money in scams while chasing gem. In addition, those who cannot take risks, very stressful and cowardly investment, those who drown in detail cannot win (or win little) in the bull. Those who do not take adequate precautions in security and are hacked. That's all for now. Thank you.
Education
by Cryptollica
2
USDCHF - Bullish Falling Wedge Idea As we can see in USDCHF we have an impulse to the upside with a break in a falling wedge pattern which indicates a bullish sentiment. We can also see a double bottom formed in the 4H time frame in confluence to the end of the Elliott Wave with the 5th and final movement. All of these indications align with a possible push to the upside. I see resistance to this move when price hits around 0.95500, 0.97000, and invalidation to the move at 0.92000. If you would like to see updates on this idea and many more please follow and hit the like button for more!
Long
by WrightWayInvestments
2
Gold- Rising Wedge Bearish Potential As we can see Gold is forming a rising wedge as shown on the 4H chart. This also aligns with an impulse Elliott Wave pattern, along with some nice wicks bouncing off of the 1830s resistance level indicating bulls may be letting up. It seems Gold may be ready for a push to the down side with the confirmation of breaking out of the wedge. With breaking out we can see a retrace to the common FIB levels of 0.5 which is around 1725 and 0.618 which is around 1699. Around these levels we will likely see a bullsh scenario afterwards, but will have to wait and see what the market has in store. If you would like to see updates on this idea and many more please follow and hit the like button for more!
OANDA:XAUUSDShort
by WrightWayInvestments
🐂DXY LONGThe DXY has broken major areas of resistance around 97.7. The price action has retested this level multiple times. When the market broke above, it started correcting, and a bullish continuation flag pattern was printed. With price now respecting these areas of previous resistance as they turn to support, it seem we will see price go higher. The Dollar is under High inflation right now and so the Fed will be looking to raise rates. This will in turn increase the value of the dollar. TVC:DXY
TVC:DXYLong
by WAR_ON_FOREX
NZD-USD Fundemental and Macro AnalysisThis weekend's market is expected to be relatively quiet. They will not produce large effects or move, and they will most likely not affect all pairings. We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained. After that, I'm going to stick with this currency pair for the weekend. Everyone should use caution, even if they have high expectations.
Long
by Idealadvantage
XAUUSD 5 YEAR CYCLE 2022-2028 Analysis Do you see what I see?.. Looks like xauusd is in its 3rd cycle completing the 4/5 year.. Each Jan gold sells off, 2013-2015 selling off the most. I am looking to expect 2023 to follow the same trend as 2013-2015 creating that downtrend cycle before finding support on the trendline that goes back to March 2006.. Gold will create some kind of support before Jan. 2028 (may even get a nice pump up to 2000 -- not expecting to stay above 2k if gold does go up).. 1800 - 1950 before selling off into the trendline in the year ~2029 summer/fall (making a guess) before gold prices break and stay above 2000... if fundamentals align at the right levels... what do you think?
FX:XAUUSDLong
by atlas1857
2
USDJPY Short Position,Hello Fellow Traders Here we have a USDJPY Short trade idea. please support if you agree with the idea! Technical Analysis: We can see USDJPY creating Lower Highs and Lower Lows + The price is exactly at the Resistance that it should bounce down from! Yellow lines represent major SNR zones and I have made TP1 & TP2 & TP3 all according to the SNR zones! We can also see the same price on the chart being repeated while it is going down on the Awesome Oscillator! Not to mention that the United States Dollar weakness can be seen as price has hit resistance on its bull run. On the DXY chart below we can see price has hit our structure level and trendline. Comparing this to reversal patterns we can see a possible shooting star forming which is a clear reversal indicator. + the inflation that we all know about And The Japanese Yen has been gaining some strength recently technically and fundamentally. Technically we can see other JPY pairs at their trendline locations for example NZDJPY Fundamental Analysis: According to NIKKEI media, Japan is planning an economic stimulus package worth more than 40 trillion yen. Overall Our analysis tells us this pair should push downwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further. If you want to improve your trading, follow me on Twitter! Trade with caution and make sure you set your stop losses & do not forget Risk Management! Best of luck!
Short
by Nanoplex
3
DASHUSDT TECHNICAL ANALYSISDASH has been posted couple days ago about @Liquid_Global is back and better than ever! Liquid re-enabled #DASH deposits and withdrawals. We are extending our promo with Liquid to September 30th! Use Liquid Quick Exchange to buy $50 of Dash with Visa through our Android Wallet and you could earn one of 20 $1,000 rewards. If we looks for technical analysis, we can say the candle break out down trend-line and recent candle is still on the down trend-line. We need to wait for next candle will open-close completely above on the trend-line then we may get another an opportunity buy it. We got signal from robo advisor and if candle reach again $271.8, it will be another opportunities buy again then we may earn at least 18%. Let's follow our chart together, "NFA"
by ABSTOCKER
VETUSDT TECHNICAL ANALYSISVeChain Announcing The VeChain Community Discord Server Launch Event and AMA! At VeChain, we are incredibly proud to have amassed such a huge community since entering the public blockchain space in 2017. With over 400k Twitter subscribers, 200k+ Reddit subscribers and around 45k subscribers across our Telegram Channels, VeChain’s social media channels are bustling. To facilitate further community growth and provide an even more engaging community ecosystem experience, we have decided to launch the VeChain Community Discord Server on Friday, 3 September! Discord is a place where topics and communities are easy to see and easy to participate in. dApps, information and discussions about VeChain, its technologies and its wider ecosystem come together in one readily accessible place, creating a more cohesive user experience. The Discord will also offer casual and off-topic channels, offering a place for the VeFam to bond and hangout over non-VeChain related topics! And because no launch would be right without a celebration - we’re holding an event! This news may help for fundamental analysis. How about TECHNICAL ANALYSIS? We got signals from @EngineeringRobo and the candle already break out down trend-line and next candle completely open-close above the down trend-line. Not only that, the candles break-out resistance line as well. Also, MA has gave us signal as well. It may gain up approximately 75% if the candles stay above to up trend-line. "NFA"
by ABSTOCKER
USDJPY- Buy signal on the Demand ZoneTechnical Analysis: -From the Weekly to the daily, it shows a strong bullish trend . -Price has been trading in the ascending channel since 27th April. -We should look for a long entry on the retracement of the supply zone. -According to the algorithm, it forecasts that price could shoot up to 1.18% in the next 20 days. -This is a good indication to enter long for this position. Fundamental Analysis: - On Friday, There is going to be a big impact news regarding the USD at 1:30. - The news release is on the Non-farm Payroll and Unemployment Rate. -I would avoid trading around this time. Sentiment Analysis: - According to market sentiment, 71% of retail traders are short on this pair. - Normally I would go against the retail traders as 90% of them lose their capital. - Asset managers/ industrials are all placing long positions for this pair. Lets see how this trade plans out! Make sure to Follow, like and comment your ideas for this pair!
Long
by LDForex_
EURAUD- Sell Limit on the Liquidity ZoneTechnical Analysis: -On the Weekly and Daily timeframe shows strong bearish momentum -There has been a breakout of the ascending triangle and looking to to enter on the retest of the liquidity zone. -Price has been in a downtrend since 23rd March 2020. -We should wait for a breakout and a retracement of the supply/liquidity zone to look for a short setup. -According to the algorithm, price could drop down 0.40% in the next 20 days. The algorithm also shows that the longterm prediction of this pair could last till the 26th May 2021. -This is a good indication to enter short on this position before we could see a potential trend change in the future. Fundamental Analysis: - There are are no high impact news for news which could affect either EUR or AUD for the rest of the week. Sentiment Analysis: - According to market sentiment, 91% of retail traders are short on this pair. - Normally I would go against the retail traders as 90% of them lose their capital. - The large banks are heavily short on this pair. Lets see how this trade plans out! Make sure to follow, like and comment your ideas for this pair!
Short
by LDForex_
CADCHF- Ascending channel Technical Analysis: -From the 4 Hour and 1 Hour chart show strong bullish momentum. -Price has been trading in the ascending channel since 27th April. -We should look for a long entry on the retracement of the liquidity zone -According to the algorithm I use, price could shoot up to 0.59% and tomorrow with a 0.75% gain to the upside. -This is a good indication to enter long for this position. Fundamental Analysis: - There are are no high impact news for today which will affect the pair. - However there is a major impact tomorrow on the Cad as they are announcing their GDP Reports at 1:30. - I would advise to not trade around these times as price will be very volatile. Sentiment Analysis: - According to market sentiment, 83% of retail traders are short on this pair. - Normally I would go against the retail traders as 90% of them lose their capital. - Asset managers/industrials and Leveraged funds are all placing long positions for this pair. Lets see how this trade plans out! Make sure to Follow, like and comment your ideas for this pair!
Long
by LDForex_
Nasdaq breakout of range (update)It seems that we have started breaking out after the good news from bidens speak. look for upside towards 13070. if it gets through next target is 13130 which is the top of the cup in the cup and handle formation. i would suggest taking profits here and buying again once the handle(bull flag) breaks out and once it gets through 13130 the target will be the -27% and then the target of the cup and handle formation which is 13493 Image of target and info on cup and handle breakout: i may start posting updates on my instagram please follow(link below): www.instagram.com
FX:NAS100Long
by james2004f
EURUSD- Potential Bullish continuation?!Technical Analysis - EURUSD has been in a uptrend since 25th may 2020 and has shown strong bullish momentum ever since. - There has been loads of confluences shown in the higher time frames which indicates that we should be looking for buy this pair. - 50 and 200 EMA added confluence to go long as it shows bullish trend on the higher timeframes. - On the 4 hour we can see an ascending triangle which is another confluence for me to buy and a good opportunity for me to enter on the reversal of the resistance turned support of the triangle. Fundamental Analysis -The fundamental news for the this week shows loads of high impact news on the US Dollar 10 high impact news releases for the week. -These impact news include news : retail sales, crude oil inventories, fed interest rate, FOMC press conference and many more... I would be wary trading around these news releases as impact news can have a major impact on the EURUSD pair such as price spikes, sudden change of trend. Sentimental Analysis - According to COT Data, there has been a large amount of orders as 62% of short positions have been placed on the US Dollar in the past week by commercials (banks). - This could show that there could be a potential reversal in prices to the downside to catch out the retail traders who are long on this pair. Please make sure to follow, like and comment your ideas/opinions on the EURUSD!
by LDForex_
2
Dollar Index (DXY) From an educational point of view, time cycle theory shows that the price of the dollar in January is interested in reaching its lowest level. In fundamental terms, the dollar usually weakens slightly towards the end of the presidency. Especially if a Republican like Trump is president. The value of the dollar weakens, especially during the Republican era, and grows during the Democratic era. (Just look at the chart) There are two lines of support here that mark the end of the flat correction pattern. Wave support line (4) and correction wave support line (a) I estimate the probability of a price return from wave support (4) as 30%. And I estimate the probability of a price return from wave (a) support at 80%. I wish you good deals Please like the post and leave a comment so that we can get energy and provide more analysis, thank you
TVC:DXYEducation
by UnknownUnicorn13531177