The glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and...
The price has become in a long-term range after exiting an uptrend channel(previously announced), which comes from the positive news of the Brexit negotiations and the influx of pound demands, means that will pushing hard to bullish and reach to higher zone. Of course, any disappointing news from these negotiations may bring the price back to the lower range.
Further to the stronger demands on selling Pound in market and based on the resistance target meet, seems to have more chance of short positions up to first supply zone which might change the market balance after.
The first step of demand has been so strong that it has crossed the resistance zone and after that with a weak pullback, seems to have a second rally to reach to the second zone. However fundamental news telling that stock market is getting worst which might push the equities to the safe currencies like #dollar.
Newsflow is mixed (California shutdowns could lead to more states following suit vs Moderna vaccine progess) AUDJPY has been correlating heavily with the stock indices (US30/NAS100/SPX500) as they both are highly based upon risk on (up) vs risk off (down) market sentiment. I don't want to bet against the stock market (yet) and I've been flaky on directional bias...
3175 main pivot point of interest for me - ENTRY 3175/6 SL/Invalidation -50 pips (3170) Targets - 3180 (1:1 risk:reward) - 3190 (1:3) - 3200 - (1:5)
Hey guys, welcome to my ALTs analysis (This time I was asked to analyse WAX - 19/05/20): • Fundamentals/sentimental: - Basically what this project is about is to create a main digital exchange for virtual assets, in a decentralized environment - wax.io buy, sell, trade virtual items under 1 platform (Also physical items, but I think this isn’t what really sells...
The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The...
This type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line...
twitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and...
BTC is off to the good start this year! Can it last though? I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal. It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to...
We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility...
Hi all! We are adding to our BITSTAMP:BTCUSD long position. The resistance breakout seems to be inevitable according to fundamental Social Index ( scalpexindex.com)
After the last events which I myself didn't expect (Even though there were very strong signs for it from different directions, as well from traders I trust which put me in my place ^_^, as well from my own most valuable indicator that I love the most which I decided to ignore), and learned the mistakes.. we can continue and trade the pattern. * Overall lookup: 1....
I'm sitting out of trading at the moment but I am charting daily! as you can see we have CLEAR BEAR DIV. on our RSI indicating a pull back, also on the 4HR we can see negligible Shorts and Longs moving up through the roof. Price acction can not trend with sentiment over the long term, ie if LONGS are moving up price has to pull back... i would look to short...