AlphaexCapital

AlphaexCapital

How to Trade a Triple Bottom Pattern , step by step. Step 1 is to identify the trend direction and the range that your price is trading in. That way you can know when the market is moving up, down, or sideways. By recognizing a change in direction, you can make sure that your trades align with what the market is telling you. Step 2 is to identifying a...

AlphaexCapital

Today's micro support and resistance levels on EURUSD to look out for.

AlphaexCapital

Today's micro support and resistance levels on USDJPY to look out for.

AlphaexCapital

Today's micro support and resistance levels on gold to look out for. Key notes: Large support level at $1864.00 area.

AlphaexCapital

Scenario A: The move lower looks more favourable at this level as the market is between 0.382 and 0.618 retracement levels for a while now. The price action is confirmed by breaking the Parabolic and the HMA crossover to the downside. Should the market break the 0.618 level, we could see Bitcoin go to 3578 and potentially 3472. Scenario B: Price rejects 0.618 and...

AlphaexCapital

Last week we discussed the possibility of the market moving towards and breaking the 2800 level which would confirm a 100% retracement back from the recent move lower. Scenario A: The Linear Regression is still showing a positive moving mean, which is encouraging for the SPX. In Scenario A, we could see the market continue to move towards it's mean, which also...

AlphaexCapital

The 0.618 retracement level held and the price broke the Parabolic SAR levels as discussed last week. The market played out with Scenario A and continued to sell off towards the 1.3000 level. This week we have NFP data released which will give the EURUSD a push. Scenario A: Continued strength in the USD could see the market move lower than 1.3000 and head...

AlphaexCapital

Continuing on from last weeks analysis, the levels still hold. Scenario A: We've seen a couple of hammer candlestick formations form on our temporary support level last week and the price reacted trading higher. The price is currently trading below the mean, which is positive as price wants to drift back towards it. We could see the market move to the 2800 level...

AlphaexCapital

The EURUSD has been trading between a range of 1.1250 and 1.1470, with only a couple of breakout attempts. Scenario A: On the 4 Hr chart we can see momentum looks to return downwards as the 0.382 level has held and the price is now trading below it. In addition, we see that price has traded below its parabolic level and the 20/50 HMA has crossed to the downside....

AlphaexCapital

Gold has been on a strong run this year. Right now, there was a shooting star candlestick at 2019's high. This indicates a shift in momentum that could pull the price lower. We see that it is currently trading above its trends mean level, which again signals a change in direction. Scenario A: A move lower. We expect the market to potentially continue to fall...

AlphaexCapital

Oil is currently trading between the 0.382 and 0.618 fib levels which indicates a chance of a reversal back lower. Scenario A: Oil continues with it's run, as the 20 Day HMA has crossed above the 50 Day HMA which shows bullish momentum. With this momentum, we could see the market rise towards the $63.83 level. Price is also trading above it's mean in the...

AlphaexCapital

S&P500 has enjoyed a strong upward move in 2019. We see that it has continued to make higher highs and lower highs which is positive for the S&P500, yet we approach a trendline that was created by a sloping triple top which has held strong since October. Should the price penetrate this line, $2776, then we could see a continued move upwards for the...

AlphaexCapital

FTSE 100 broke a major downtrend lend to the upside on January 30th 2019 and has continued to push higher. With Brexit looming over, it is a volatile time for the UK and Eurozone participants. The recent fib extension indicates that the FTSE 100's move higher could continue to the 127.2% level, 7311, which can make further headway back to a full 100% retracement...

AlphaexCapital

Bitcoin's recent surge upwards, which saw the 2019 trendline break, saw last week's trading stagnate. With the surge, we can see a bullish flag pattern and as of Friday's session close, a small breakout had occurred. This could mean that Bitcoin could continue to rise should it breakout further of the flag formation. This breakout also closed above a...

AlphaexCapital

The week ahead looks positive for the EURO as Friday's close saw a Hammer Candlestick form on the support level generated from June 2017. Near term, fib levels suggest that we will see some stalling or reversals between the 38.2% (1.1344) and 61.8% (1.1411) levels. Should we see price continue to rise opportunity lies ahead to run the course to the 100% level,...