Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DeMark and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
Sentiment:
USDJPY is negative (at time of publishing)
GOLD is positive (at time of publishing)
Gold has surpassed the pivot R1, retraced, kissed the MA 52 this is our ENTRY signal.
RISK/REWARD: 4.4
ENTRY: 1296
STOP: 1294.8
TARGET: 1301
Good technical long set-up for Siacoin
Set-up 1:
Swing trade: @ Monthly average buyers/demand (15mins timeframe for confirmation at the highlighted green areas)
Target: 20% Accumulation for a swing trade (for 14-48% gains) {Target 1: 0.00000152, Target 2: 0.00000173}
Position trade: @ Monthly strong buyers/demand
Target: 80% Accumulation for a position ...
Here is a long trade on NZDUSD which has an ABCD pattern with fib confluence, which gives us a nice little "hot spot/area. I did analyse on the daily and I will be looking for entry on the 15mins, If it goes past then no trade for me, also nice targets if I must say myself
*So with dollar it looks like it is basically between a range now, it tapped a bullish order block (on the monthly) so now turned breaker to bearish and closed below it - it's at 50% of a monthly level to it's actually at two monthly levels - I think bearish dollar next week.
*I am seeing a range of 94.70 - 90.95 - both monthly levels.
*For deep trends when it ...
GEM at a key point here. Strong Resistance since 2015 at 4.20 level. If it can push through here on decent volume then should be able to really move. Nice pivot entry available earlier this morning at 4.16-4.17
CAN push through here today after some nice consolidation. Great Volume contraction pattern through the base and popped through the pivot today. Watch for the next few days for follow through volume or a Pull Back Buy if missed the entry today.
When a stock holds the 20day MA on the PB 0.18% always a positive sign and one to keep an eye on. Nice move into Stage 2.
Sentiment:
USDJPY is positive (at time of publishing)
GOLD is negative (at time of publishing)
Gold has surpassed the pivot P, retraced 2 times, if surpasses again P that is our ENTRY signal.
Sentiment :
USDJPY positive (at moment of publishing)
GOLD negative (at moment of publishing)
Gold has surpassed the pivot P, retraced 2 times, if surpasses again P that is our ENTRY signal.
RISK/REWARD: 3.67
ENTRY: 1273.3
STOP: 1275
TARGET: 1267.3
Technical accumulation @ key support & demand level
Note: (Not waiting for bears to loose momentum since this is a long term position trade, as it's reinforced with fundamental analysis)
Fundamentally analysis:
1) Probably (from my humble analysis) the only Crypto-asset that has a running sound product
2) Aimed at/for wide client base (B2B)
3) Fair & strict ...
Not the best long setup (as downtrend on 4H & D are still in play), however it's reinforced with a 1H demand confirmation.
Chances of success is low ~63%
2.7:1 R:R . or even 2.85:1 R:R @ 1H demand (look for 1 minute con
The overall trend is bullish upon retracement , however looking for a quick 30-45mins Scalp bullish momentum is lost
Will update if there's an opportunity
(Expecting: mean reversion to mid channel before resuming the bull run)
Long opportunities for AUDUSD, need one confirmation when the price retraces (Will update if the trade is not valid)
The technical analysis is reinforced with fundamental analysis, (Anticipation of a reversal of the commodity/commodity currencies bear market which was the longest since 1950)
Currently, GBP/USD is on a 'BUY' recommendation up until around 1.3010 level, then it is likely to decline after this price to levels sloping to 1.27. Support is found around the 1.2950, it has been tested 5 times over the past few days which validates the strength of this support. Resistance is found around the 1.3133 where it is been tested 3 times and validates ...
NZD/CAD 1H Chart: Channel Down
The New Zealand Dollar is losing value against the Canadian Dollar in a short-term descending channel, which started to form after the Kiwi appreciated by 0.9% just in one trading session.
In the beginning, the currency rate was moving quite sharply amid macroeconomic data releases and, for this reason, stayed indifferent ...
GBP/USD: Long, week commencing 07 July 2017
Equal distant channel formed starting in mid June, expecting a pivot point mid week for appreciation
Enter around the 1.30166 mark
