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Trendanalysisexplained

SPX: Where is the next bottom on it? Key Points for next week.• As we thought last Friday, the index did a sharp correction this week – the link to my analysis on Oct 28 is below this post; • It just a dual-resistance area, made by the black line at 3,911 in the daily chart (multiple support/resistance level) and by the 21 ema in the weekly chart; • Now, the index is rejecting completely last week’s positive candlestick; • For now, there’s no clear bullish reaction indicating we will avoid a bearish scenario to the 3,500 area again; • However, if we see a bullish reaction, now is the best time for it, as the index is struggling around its Fibonacci’s retracements in the daily chart; • In my view, these retracements are the most important support levels in the short/mid-term. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
SHIB: Looking VERY GOOD! Key points to watch next.• SHIB is trying to trigger an IH&S chart pattern just above the key support at the black line; • Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels; • However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next support, around the red line; • Whatever side it breaks, SHIB looks interesting. For now, let’s pay attention to these lines on the chart. Remember to follow me to keep in touch with my analyses!
COINBASE:SHIBUSD
by Nathan_The_Finance_Hydra
A Breakout Pattern!The candlestick indicates a price breakout above the " triangle" pattern neckline on 2 Oct 2022 backend with volumes. Thus, closed above the SMA line where the stock has consolidated and formed a "return move". The MACD indicates a divergent pattern where confirming the initial significant price movement toward the next price resistance. The RSI indicates a bullish reading backed by a positive signals in the trend. Let's save HUAYANG in WL and watch out significant price movement toward the next price resistant backed by volumes. R 0.195 S 0.160
MYX:HUAYANGLong
by eskopitehmilo
EUR/AUD: bullish setup toward key pointIn this new analysis, I see that Euro/Australian Dollar look very interesting to long in this trade. What right now, we see a bullish signal to buy EUR/AUD. So guys, I will share my expectative, because we could to find up 110 pips in this trade. So, If you look in H4 timeframe, we're in the psychological market trap, as bull are defending this zone to make Euro strength. And also, we hope important key in the German Manufacturing PMI what hopes to reach 45.7. And President Lagarde will speak on Thursday and Friday to take this perspective how she influence the Euro value. So guys, tomorrow we have an important indicator about FED interest rate decision, where they're a speculation that U.S. economy it's not working before as some economic indicator are spoke that a possible economic deceleration might to bring a fall in some U.S. economic sector. Also, economist watching that FED seem to be less aggressive about the evidence how the fell of the U.S. business outlook it's still in the wrong scenario, indicate a recession. I hope that this analysis support you
Long
by harisonhbn9718
6
AUD/JPY: UpdateFor the moment, Australian Dollar/Yen Japanese still bullish and we're in the driven direction to the upside. So, the only udpate it's move the break even at $$94.44 JPY. And my target it's the same $95.60 JPY. But I want to share you what I expect for the next movement to see later that if AUD/JPY reach my target profit. We hope a little down until $94.85 JPY. That we could to shorting from $95.60 JPY if we see any bearish signal from this key reaction point that I'm see. Good luck!!! ***Remember, we have an event from Reserve Bank of Australia about interest rate decision by Australia Central Bank, what the central bacnk expect to raise 2.85% vs. the previously 2.60%. We hope that Aussie continue up!!! Use break even to cut loss in case that AUD/JPY go back to the previously level what we enter.
Long
by harisonhbn9718
1
Bitcoin could to continue climb to $22kIn this update, I will analyze Bitcoin from H2 timeframe giving me an interesting fact that the price could to continue climb toward $22k. It's appear that in H4 timeframe look bullish in this run. Meanwhile, in Daily timeframe, Bitcoin forming a possible bearish Gartley Harmonic Pattern, what more later, this look a good opportunity to short in the smart zone. For now, I'm in long toward $22k. Maybe, we could to see any possible bearish channel formation in Daily and this could be a good idea to take in perspective. I'm in long from $20,890 USD, Stop Loss to $20,450 USD and take profit to $22k. ***Based in the fundamental analysis, everything will depend on the next week how far FED will raise interest rate? And any bearish signal that if the FED don't make an aggressive interesting rate indicating pessimistic based the forecast what Jerome Powell has, we could to see a strong data here that Bitcoin and S&P 500 may be bullish in this case to watch in the next week. The U.S. Dollar take risk in the curb of possible recession that some economist said recently and a bad speculation that appear in Forex market to take in perspective with U.S. Dollar. Good luck!!!
COINBASE:BTCUSDLong
by harisonhbn9718
3
CAD/CHF: Update!!!In this analysis from Friday and very update, we see that Canadian Dollar/Swiss Franc continue to my led direction in the upside. So, I see that H1 timeframe look strong bullish. The only udpate will be to put a break-even in $0.7304 CHF. That it's to cut loss like 12 pips what I enter $0.7316 CHF. What in this moment, I have 34 pips in profit. And move the target profit toward $0.7390 CHF. If CAD/CHF hit my target profit, my result will be 74 pips in earnings. Now, watching in H4 timeframe still bullish, and taking a good point what I bought!!! Now, I believe that CAD/CHF it's leading to the top of this higher low line that I draw. in 2 times, made a higher low in the price. What I thought that it's in the reaction that the price drive us. So, this it's a good opportunity to look!!! ***Now, on this wednesday, we have impotant event to watch like 1. FED Interest Rate Decision, what U.S. Central Bank expect to raise 4% as they forecast, vs. the previously 3.25%. Also, we have another event to watch during this week like rates in Bank of England interest rate desicion, and many other important event to watch in Forex market. Good luck!!!
Long
by harisonhbn9718
5
SOFI: Flying today! What's next? Post-Earnings analysis.• SOFI jumped after earnings, but it hit a critical resistance; • In the daily chart, there’s a resistance area made by the previous top levels seen on September (blue area); • In the weekly chart, SOFI just hit the 21 ema. In addition, the trend is still bearish, as SOFI could do a higher high and it is still below the 21 ema; • However, it seems it found a strong support at $4.82 (red line); • In order for SOFI to reverse the bear trend, we must see a stronger bullish structure, not only a fast/intense bounce to its resistances; • Since SOFI is showing some weakness, in theory it’ll retest its support levels next, like the 21 ema or the $5.70 (previous top). Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
AAPL: Will it keep correcting? Only if it does this.• AAPL is correcting today, and it just hit its first support level at $152.55, as seen in the 1h chart above; • Could AAPL keep correcting? Yes, but it must confirm the pullback by losing the dual support level in the 1h chart made by the $152 + 21 ema; • If AAPL confirms a pullback, the 21 ema in the daily chart would be the next support area; • As long as AAPL stays above the dual-support level, the trend will remain bullish in the short and mid-term, and in theory, it’ll seek the next resistance at $158.85. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
GBPJPY I Short-term plan before FOMCWelcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
7
BTC : 2021's had a lot less momentum compared with prior peakIt will be a little bit different on today's market update, especially about bitcoin which in this specific post, we want to discuss further about the regression band on the bitcoin as the specific approach to identify the range on these overall bitcoin's bull market. Just a note before we start that this regression band is only acting as a guidance for logarithmic support and resistance curve and it doesn't mean that the price can't breach below or above it. Based on the structure given above, we see an interesting play on every cycle which consist of bullish and bearish pair on each cycle occurred. First of all is that the upper regression band which is acting as a resistance. From current bitcoin's structure which have been forming an up trend formation wince the beginning of the time, we can see that the upper regression band has been always becoming a top of the inner cycle. However, there is slightly different between the peak on 2011, 2018, and 2021. If we see that the 2018 and 2013's peak reached the second regression line which is absolutely the maximum value of the ATH, 2021 was slightly below the regression line too. This simply means that the expected return on each cycle's peak is diminishing and this also means that the 2021's bull market didn't produce momentum as strong as what the 2013 and 2018 did. Second thought is the support regression band which is the blue one. From current perspective, we see that the price is now trending right around the lower line of this regression band which has been considered as a bottom of each cycle. However if we looking at the past performances, this bottom have been breached several times during the local bottom test which there were 11% breach on 2015 and 24% breach on 2020. That's why it's still very possible that we will see another breach during the bottom test. Looking at current structure, the worst case is that the market can still breach below current lower regression band in order to form a weekly candlestick wick toward the downside. For now, it's still arguably that the bottom has been met but the data from this regression band alone is showing us that the price may shows us another bounce before a severe drop comes in. The fact that the momentum on the peak is a lot diminishing comparing with the other peak is very important and might be a concern for us.
INDEX:BTCUSD
by julio24albert
6
CAD/JPY: Review!!!In this review, I made an analysis on CAD/JPY in my analysis there. Where in the starting of this week, I was shorting CAD/JPY from $108.62 JPY and my I had my target fix to $106.96 JPY. What during first trade on Wednesday, October 26, 2022, And regarding that CAD/JPY was in the formation of this bearish BAT Harmonic Pattern in formation, my expectative was very clear and brilliant in this par. And also my technical analysis was driven by fundamental analysis what on Thursday Bank of Canada was less aggressive to hike interest rates, what the central bank expected to raise 4.00%, but just made 50 bps in instead of 75 bps, That why the central bank look very optimistic and fight the inflation, this it's a warn that Canada economy could entry in recession in the next curb it. What that explain this sell in the CAD. Also, as I was from $108.62 JPY. So, when I said that Canada currency could to up from this lowe point on $107.89 JPY, it's when I closed up my short position and got 73 pips earned, what in profit it's 4.94% earned in the first trade. So, then, I entry in the second trade when I believe that Canada currency could to continue drop, but not, as continue up in this lower point from $107.89 JPY, and reached my Stop Loss lossing only 42 pips, that it's equal 2.84% loss. So, the small difference was an earning of 2.10% in profit in CAD.JPY. If I would haven't to entry in the 2nd trade, so I would got my 4.94% in earnings, or putting in long, I would got more profits when I had that in mind if CAD/JPY may to up. The small mistake it's here in my 2nd trade when I believe that CAD will down more got me a 2nd opportunity, when I see that up in the opposite direction. And as learning process, when we see a strong bullish formation in this pivot in $107.89 JPY, it's an opportunity to put in long position like this case, or simply closed up my trade and don't entry in it yet. So, I will calculate my following trades that I traded in the past week in Forex, together with cryptocurrencies as now. I will combine this work with Forex. So, I made this week 7.67% in profit in Ethereum (Review in the link), CAD/JPY was 2.10% in this week and CAD/CHF was 1.16% loss (incoming review) So I made during this week 8.61% in profit. The best trades was Ethereum in this week. So guys, I have left to analyze CAD/CHF and USD/CAD and then, to know my monthly percentage what I did in this month. I will share you my 3 trades that it's in run: Bitcoin, CAD/CHF and AUD/JPY.
Short
by harisonhbn9718
1
AMZN: Post Earnings analysis! What's next for AMZN?• The crash was intense on AMZN, could it bounce from here? Let’s see; • First, the trend is bearish, as AMZN is doing lower highs/lows in the 1h and daily charts; • There’s not a single bullish structure indicating it’ll bounce in the near future, however, AMZN just hit an important support level; • As seen in the daily chart, the $101 area was a previous support level from June, and although AMZN dropped below this point, it went up nearly 6% from its bottom to close above this support – doing a White Marubozu in the process; • This could suggest that AMZN is oversold, but we must see more bullish signs in order to believe in a bounce, like a pivot point in the 1h chart, or any other meaningful pattern; • To me, it is a little too early, but AMZN could be a promising stock in the near future; • If it loses the $101 again, AMZN will reject any thesis that considers a possible bounce to the 21 ema, so keep an eye on this support. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
AAPL: In a Bull Trend! What to expect next?• AAPL is heading to the next technical resistance at $158.85, as seen in the daily chart; • The bias is bullish, as AAPL is doing higher highs/lows in both, hourly and daily charts; • Yesterday, it just retested the 21 ema, before flying again, indicating that this is a key support for the mid-term; • What if AAPL corrects? In the short-term (1h chart), we can work with the previous top at $152.55 as our next support. This price is close to the 21 ema as well, indicating a possible dual-support level; • What if AAPL loses its short-term support levels? The short-term bull trend would be frustrated, and AAPL might trigger a sharper pullback to the 21 ema in the daily chart, the next technical support; • Either way, AAPL lacks bearish signs as for today, so the bull trend is still intact. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: Key Points for next week + Trend Analysis!• SPX is in a bull trend, doing higher high/lows in the daily chart; • In addition, it triggered an Inverted Head & Shoulders chart pattern, as evidenced by the yellow lines, and this supports the bullish sentiment; • Now the index is facing its first resistance area, made by the previous top at 3,908 (as seen in the daily chart), and by the 21 ema in the weekly chart; • There’s no top sign indicating it’ll correct, but it is important to keep an eye open in this area, as the odds of a pullback increase near resistances; • Regardless if the index will break its main resistance or not, we’ll have our answers next week, on Monday, probably. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
Bitcoin it's in the top of this channelBitcoin it's in the good point to look a short position in H4 timeframe. We're in the formation of the possible weak from this level $20,400 USD. So, I hope that Bitcoin continue down. If we see a bearish rejection from this top, I would to put a sell order limit to $20,600 USD with chance to short. Also, in H1 timeframe we see a bearish candlestick formation and broke down of this support around $20,480 USD. Now, I will expect how the H4 candlestick will closed up in this range to get a comprehensive information if I see a short position in Bitcoin. In case that Bitcoin give us a bearish signal, Bitcoin could to reach to the target toward $19,220 USD. Good luck!!! In the past analysis, I predicted very well the climb of this price. But as I don't get this trade, i cancelled, but I improve very well my analysis there. And Ethereum case, was an excellent trade that I cached in trading.
COINBASE:BTCUSDShort
by harisonhbn9718
CAD/CHF: UpdateWe're in our direction as I predicted very well, that Canadian Dollar will drop, right now, today after the unexpected economic data that Bank of Canada was less aggressive that only jump 50 bps and not 75 bps, this was a kill movement that central bank it's less aggressive to hike interest rate We're in profit in CAD/CHF from yesterday that I entry in short after that I identify a clear bearish signal by price action with a lot chance that Canada currency will drop. But definitely, the result was pretty good entering for now in the good point shorting. I have 31 pips in profit. The price it's around 0.7270 CHF and my target fix to $0.7230 CHF. Now, I made this screenshot showing that our key support it's in my fix target to $0.7230 CHF. So guys, at the moment, we're ok in this trade. Now, we should to look the candlestick in formation that if this candlestick closed up with bearish signal, we could to make a break even to cut loss in the Stop Loss. So guys, hold this position if you're in short in CAD/CHF. Also, I'm shorting CAD/JPY too and I look that I'm in profit too very well!!!
Short
by harisonhbn9718
8
CAD/JPY: UpdateIn this par, we see that Canadian Dollar/Yen Japanese drop too like CAD/CHF. So, because as I share in the morning that we see a good opportunity to short CAD/JPY in the 0.782% fibonacci, after that, we see a bearish BAT Harmonic Pattern ,and that was a good choose to short Canadian Dollar. Now, the only udpate that I will modify here it's the target profit that I move up to $ 106.96 JPY. And my entry price was in $108.62 JPY. In H1 timeframe, there're not much information, but I can to say that in this timeframe, as CAD/JPY broke down the EMA 200, there're a lot chance that CAD/JPY continue down as I expect it. At the moment, we're in profit with 63 pips earned in this trade for now. But I will hold this position as I believe that Canadian Dollar will continue down, the same with my another analysis in CAD/CHF and CAD/JPY, boths. Good luck!!!
Short
by harisonhbn9718
8
QQQ: These are the KEY POINTS we must watch from here!• Since QQQ hit the previous top at $284, it corrected, and now it is back to its support level, around the 21 ema/38.2% retracement; • The trend is still bearish, and in theory, QQQ is supposed to keep dropping to the next support levels, like the 61.8% retracement; • By losing the 61.8%, there’s no other support until the $250; • However, if QQQ does a bullish pattern above one of the retracements, it might indicate a true bullish reversal, especially if it breaks the $284; • If this scenario materializes in the next few days, the next technical target is the gap around $307 (yellow square); • It all depends on how tech stocks will take the next earnings. Either way, if QQQ will break the $284 or seek lower support levels, we’ll have our answer soon. Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2