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200ma

AUDCAD Structural S/R Flip| 200 MA| Daily Resistance Target Evening Traders, Today’s Analysis – AUDCAD – breaking above daily support, price is likely to put in a retest allowing for a long trade with defined risk. Points to consider, - Strong bull impulses - Daily S/R flip - Daily resistance target - Oscillators cooling off - 200 MA visual guide AUDCAD’s trend has put in multiple bull impulses with no proper lower high. Daily support is a trade location where a lower high is likely, a retest will confirm an S/R flip. The daily resistance will be an immediate target, breaking this level will be very bullish. Oscillators are both cooling off from oversold extended conditions, remaining above 50 will maintain a bullish bias. The 200 MA is a key visual guide, breaking and closing below will negate a bullish narrative. Overall, in my opinion, price is likely to retest daily support for further confirmation. Holding the level will establish a lower high, the next immediate target will then be daily resistance. What are your thoughts? Thank you for following my work, And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Long
by AzizKhanZamani
GBPUSD > Indecision Level, Eyes on UK GDP!!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GBPUSD Still, the fight continues around 1.2700. and 200 MA for this pair proved too important, it seems price waiting for UK GDP data due Friday that will show a big fall because of the coronavirus pandemic. Been on the sideline for a while, and will continue to do so on this pair, however, am short GBP against other currency ⚠ Please note the ideas is valid only if it happened as I said above Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only
by TheTradersAvenue
2
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position. PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
NYSE:SBSWLong
by ETrades1
The #steepening continuesSome thoughts on the S&P/ASX200 (XJO) for any Aussies out there. Looking at the daily chart. 1) Price and RSI trends seem to be intact currently (would take a big fall to break today). 2) MACD working on but has not confirmed a bearish divergence 3) Willy overbought 4) We are about 5% away from the 200sma. I recon this will act like a magnet to pull the XJO higher, but then once we reach it, I recon we'll see some resistance. Could that then turn to support? Only time will tell.
ASX:XJO
by ncorreia
SPY Hangman or FakeoutYesterday the SPY broke above an important level (GAP) at 302. It also confirmed two consecutive days above the 200sma. Interestingly enough on the last close it printed a bearish hangman candlestick. It'll be interesting to see what happens into the end of the week. If we can keep above the 200sma and print a proper bullish structure (double bottom etc), then the potential upside is pretty impressive. If we break down through the 200, I recon we get stuck in a trading range somewhere between 290s-300.
AMEX:SPY
by ncorreia
LINKBTC Uptrend| Structural Support| 200 MA Pivot Today’s Technical Analysis – LINKBTC - trading in a clear long term uptrend putting in consecutive higher lows. Points to consider, - 200 MA support confluence - Double top resistance - Structural support (trade location) - Stochastics projected own LINKBTC has been respecting the 200 MA where a retest usually ends with an impulse move up. Structural support is in confluence, solidifying a trade location, price is likely to pivot at this region. The double top resistance is a visual target if support is respected, break above this will lead into a blue sky breakout. Stochastics is currently projected down; the RSI is not officially oversold, indicating further downside momentum likely. Overall, in my opinion, a valid long entry at structural support is a decent trade idea with clear risk mitigation. Invalidation will be below the recent swing low under structural support What are your thoughts? Please leave a like and comment, And remember, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Long
by AzizKhanZamani
ABC Correction Completed for GBPUSDGBPUSD has been ranging for almost 2 months after the completion of a motive wave. The market has ranged and completed multiple waves and it seems to have completed an ABC correction. 2 months worth of consolidation is pretty extensive and thus the belief that a trend is coming soon. So here's a fair amount of reasons for traders to buy GBPUSD again, while at the same time, the market is moving towards tho 200MA for a retest in the weekly timeframe.
Long
by AlgoVenture
BTC tested 200MAHello, I have to admit that I was expecting a correction, but not a big dump like this(it happened in a matter of minutes). Overall, we are talking about a 20% correction in just 2 days. I'm ok with that because I've bought at 4.4k in the spot market; although the futures account took a loss, stop-loss being triggered by the price fall. Bitcoin tested the 200MA, and got rejected really fast. The speed of rejection is a good sign, but BTC need to exit quickly the proximity of 200MA because this zone works like a magnet(many traders and bots are using moving averages to decide which positions to take), and the price can slide beneath it very quickly. It tends to work as a battlefield. Let's wait and see. I'm neutral at this moment, even dough the price reenter the descending channel. Good luck with your trades! Sisif
by Sisif_trader
USDCAD - Which Factors give Pressure to the market?Hi Traders! The market is clearly in a downtrend. It is making lower highs and breakinf structure to the downside. We here have four pressure factors: The first pressure comes from the Resistance, the second Resistance is the Trendline, the next important thing is that the market is in an overall downtrend and the last thing is the 200MA. The entry trigger is the break of the Trendline. We recommend to wait for a retest! Thanks and successful Trading :)!
Short
by swissmoneymakers
6