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GBPUSD: Long-Term Technical Outlook 🇬🇧🇺🇸 GBPUSD is trading in a global bearish trend. The price perfectly respects the boundaries of an expanding falling wedge pattern on a weekly. Reaching its support, the pair started a correctional movement. The market is already growing for more than a month. Ahead is the resistance of the wedge. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price respects that, a new bearish wave may initiate. If the price breaks and closes above that, it will most likely lead to a continuation of a current correctional movement. I will post an update once I see a decent confirmation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
12
AUD/NZD - pullback over? 1.10 back in focusAustralian CPI beat expectations by a long mile yesterday, as did inflation for New Zealand in their most recent report. But the key difference between Australia and New Zealand for currency traders to be aware of is their central banks. The RBNZ have been far more aggressive than the RBA - with the latter dropping to 25bp rate increases and their rate remaining relatively low compared with their peers. And whilst the Aussie and Kiwi benefitted from a weaker dollar yesterday and AUD was given a 'bump' following Australia's inflation report, the fact remains that the RBA are not as hawkish as the RBNZ. We’ve seen the desired pullback into a resistance cluster (lower trendline, 20/50 EMA and 1.1191 low) and a bearish pinbar has formed to suggest a swing high is in place. The RSI(2) reached overbought on Tuesday before turning lower yesterday, which backs up the bias of a potential swing high. The 200-day EMA / support zone just below 1.10 is now in focus for bears - and AUD/NZD is likely to be a tempting swing trade short whilst prices remain beneath yesterday's high.
Short
by CityIndex
2
#BITCOIN - Long Term Swing & Mediums Expectations for 2022 - 7JKRAKEN:BTCUSD I had three scenarios 10 months ago for Bitcoin. The first scenario was higher high over 70K, the second scenario was drop from 52K to 17K. This combination shocked many investors & speculators - Lambo boys out. In long term swing period I expecting price to return to levels over 24'500 till end of July. That will be a good indication for the next target of 36'000 and will force medium term scenario. What is the supported thesis technically for the expected scenario on #Bitcoin? - There were a big capitulation, even whales are under water, some are liquidated - others won't be - By Elliot Waves, Volatility Metrics, Cycles, On-Chain Data the buttom is established - Capital Markets will correct in next two months and volatility will calm down If you have any questions related to this trading idea I will be happy to provide you with answers www.cryptopfy.com
KRAKEN:BTCUSDLong
by TradingTie
1
The Nasdaq 100 feels the weight of soft earningsThe Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today. Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that we’re in a bear market. Microsoft (MSFT) and Alphabet (GOOG) shares fell around –8% and -10% respectively, causing concerns that Apple (AAPL) will also report a gloomy outlook later today. The Nasdaq 100 has risen over 11% since its October low, but price action suggests a swing high may have formed. A resistance zone around 11,680 includes the 50-day EMA, 38.2% Fibonacci ratio and previous swing highs, and a bearish pinbar has formed on the daily chart. Nasdaq E-mini futures : Despite the weak close, the Nasdaq 100 is currently set to open around 0.4% higher looking at price action on Nasdaq futures. Yet as prices are only drifting higher the current assumption is this is part of a retracement, and we anticipate a break of yesterday’s lows. Nasdaq 100 daily chart : Given we are amidst a busy earnings season, we’re not looking for an outlandish move and will be ready for markets to turn one way or another at short notice. But given the Nasdaq’s reluctance to break above resistance ahead of Apple’s earnings, the path of least resistance over the near-term seems to be lower. 11,200 makes a viable initial target ahead of the lows around 11,000 – which also coincides with the June low – a break beneath which brings the month to date (MTD) low into focus.
NASDAQ:NDXShort
by CityIndex