Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Over the past two weeks, USOIL has been continuously fluctuating and consolidating within the price range of $61.5 - $64.5. The overall trend shows a pattern of rising first and then falling. During the upward phase, the bullish momentum was scarce, making it difficult to achieve an effective breakthrough. Subsequently, it shifted into a downward trend. Yesterday's market situation was particularly typical. It opened higher at $63.5 in the early trading session and then declined all the way. It not only broke below the key support level of $61.5 but also had weak rebound strength. Currently, the price is still hovering around this support level, indicating the market's indecision. Currently, most investment institutions hold a pessimistic view on the future of USOIL. However, it is worth noting that the price has touched the support level of $61.5 five times in the past two weeks. Although it briefly broke below this level twice, it failed to effectively form a trending breakthrough. The principle that "if a support level can't be broken after repeated attempts, there will be a rebound" has been verified many times in similar situations, suggesting that there may be strong potential buying power at this support level. Based on the above analysis, today's trading strategy is recommended to maintain a cautiously bearish tone, but it is necessary to closely guard against potential technical rebound risks. During the trading process, it is essential to set stop-loss levels strictly to avoid the expansion of losses due to sudden market movements. At the same time, it is advisable to reduce aggressive trading and mainly adopt a wait-and-see approach. Be patient and wait for clearer trend signals, and then choose the right time to enter the market when the market direction becomes more explicit. USOIL sell@62-62.5 tp:61-60.5 sl:62.8 In the future, we will continue to monitor the market changes and update the trading strategies in real time. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
? BUY XAUUSD: 3298/3300 (swing) - Stoploss: 3293 - Target: 3310 / 3320 / 3330 / 3350 *Signals are for reference only, not recommended to be followed!* Analysis: XAU/USD has a neutral-to-bullish near-term outlook. On the 4-hour chart, it's struggling with a flat 20 SMA, while the 100 and 200 SMAs are risin. Indicators are improving but still weak and in negative territory. Support levels: 3314 - 3301 Resistance levels: 3344 - 3358
However the retracement as always deeper that the break out! XRP retracement heads to 2.18 as we have 2 confirmative chartings showing in yellow and orange arrows. The key confirmation is the head and shoulders measured downward move with the yellow arrow. At 2.18 we will find support.
Technicals are aligning for a new rally. I'm watching to see price drop to the level on the chart and rally from there
As updated in my last article trading summary. I still held an open short position on gold near 3350 overnight and decided to boldly hold the position overnight. At present, the lowest price of gold fell back to around 3308. Although I did not seize the opportunity to close the position near the lowest point of 3308, I just successfully closed the gold short position near 3314 and successfully locked in a huge profit. Shorting gold from 3350.44 and closing the short position at 3314.17, just holding the position overnight, I won more than 360pips of profit, a very successful short-term transaction. Did you follow my trading plan? If you follow my trading plan completely, I believe you will make a very considerable profit like me. So now let's continue to seize trading opportunities and continue to create profits for ourselves! Come on!
Expect the Dollar Index (DXY) to appreciate in the near future. However, a further decline into the green highlighted region is possible before this upward movement. The green zone represents a potential key reversal area. Monitor the following currency pairs for trading opportunities if the DXY begins to climb: BUY - USDCAD, USDCHF, USDSGD; SELL - EURUSD, GBPUSD
The price of gold has risen by over 20% since the beginning of the year on the commodities market, and the price of bitcoin has returned to equilibrium following a strong rebound in its price since the beginning of April. These two markets follow certain identical correlations, in particular an inverse correlation with the underlying trend of the US dollar on the foreign exchange market. For some, bitcoin has become digital gold since the development of BTC spot ETFs in the USA. With gold's upward trend seemingly running out of steam in the short term, how can we determine which of the two assets will outperform the other over the coming weeks? 1) The BTC/GOLD ratio as a decisive barometer Technical analysis of financial markets brings together a number of tools to study the trend and momentum of a financial asset. It also enables comparisons to be made between financial assets, and in particular between two markets. The ratio tool is used to determine whether one asset outperforms or underperforms another. The ratio consists in creating the curve of a mathematical fraction between a numerator and a denominator, like the BTC/GOLD ratio. If the trend of this ratio is upwards, then it is the numerator (in this example, BTC is the numerator) that is in an outperformance phase, and the denominator (GOLD in this example) that is in an underperformance phase. The reasoning is reversed if the ratio trend is bearish. The message of technical analysis currently applied to the BTC/GOLD ratio is unambiguous, with the underlying trend of the BTC/GOLD ratio being bullish. The chart presented here shows the Japanese candlesticks in weekly data, and a double technical support has just kick-started the rise in this ratio: a bullish chartist channel and the ichimoku system cloud. https://www.tradingview.com/x/BVA5rDcp/ 2) Bitcoin's bullish cycle linked to the halving of spring 2024 ends at the end of 2025 According to the BTC/GOLD ratio, we can therefore consider a sequence of outperformance by the bitcoin price against the gold price over the coming weeks. This anticipation seems credible, given that BTC's bullish cycle linked to the halving of the year 2024 is still far from over. In fact, bitcoin's 4-year cycle always ends at the end of the year following the halving year, i.e. at the end of 2025 for our current cycle. https://www.tradingview.com/x/BWcufCHG/ 3) Gold is in extreme technical overbought territory on long-term charts Technically speaking, monthly momentum indicators are showing extreme overbought territory, which may seem excessive, but no bearish divergence has yet appeared. We must therefore remain attentive, but not yet jump to conclusions about the end of the bullish cycle. At the current price, GOLD is clearly in a phase of high bullish maturity, and closer to the end of the bull cycle than the beginning. https://www.tradingview.com/x/aXC2fCi6/ DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions. This content is not intended to manipulate the market or encourage any specific financial behavior. Swissquote makes no representation or warranty as to the quality, completeness, accuracy, comprehensiveness or non-infringement of such content. The views expressed are those of the consultant and are provided for educational purposes only. Any information provided relating to a product or market should not be construed as recommending an investment strategy or transaction. Past performance is not a guarantee of future results. Swissquote and its employees and representatives shall in no event be held liable for any damages or losses arising directly or indirectly from decisions made on the basis of this content. The use of any third-party brands or trademarks is for information only and does not imply endorsement by Swissquote, or that the trademark owner has authorised Swissquote to promote its products or services. Swissquote is the marketing brand for the activities of Swissquote Bank Ltd (Switzerland) regulated by FINMA, Swissquote Capital Markets Limited regulated by CySEC (Cyprus), Swissquote Bank Europe SA (Luxembourg) regulated by the CSSF, Swissquote Ltd (UK) regulated by the FCA, Swissquote Financial Services (Malta) Ltd regulated by the Malta Financial Services Authority, Swissquote MEA Ltd. (UAE) regulated by the Dubai Financial Services Authority, Swissquote Pte Ltd (Singapore) regulated by the Monetary Authority of Singapore, Swissquote Asia Limited (Hong Kong) licensed by the Hong Kong Securities and Futures Commission (SFC) and Swissquote South Africa (Pty) Ltd supervised by the FSCA. Products and services of Swissquote are only intended for those permitted to receive them under local law. All investments carry a degree of risk. The risk of loss in trading or holding financial instruments can be substantial. The value of financial instruments, including but not limited to stocks, bonds, cryptocurrencies, and other assets, can fluctuate both upwards and downwards. There is a significant risk of financial loss when buying, selling, holding, staking, or investing in these instruments. SQBE makes no recommendations regarding any specific investment, transaction, or the use of any particular investment strategy. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts suffer capital losses when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Digital Assets are unregulated in most countries and consumer protection rules may not apply. As highly volatile speculative investments, Digital Assets are not suitable for investors without a high-risk tolerance. Make sure you understand each Digital Asset before you trade. Cryptocurrencies are not considered legal tender in some jurisdictions and are subject to regulatory uncertainties. The use of Internet-based systems can involve high risks, including, but not limited to, fraud, cyber-attacks, network and communication failures, as well as identity theft and phishing attacks related to crypto-assets.
sand box on monthly and weekly TF looks really bullish to me, and im expecting a huge upside movement to about $3 for mid-term
Learning how to trade these markets can be a challenge. I was watching an execersing video on youtube around early morning. And this influencer said jump rope is one of the best cardio exercises. And so when i dont feel like exercising jump rope is what i revert or default to. Think of the MACD indicator like a jump rope. Notice that i have made a few alterations to the indicator? I changed the MACD line into a histogram. Also i used the parabolic SAR on 3 time frames. -1 hour -4 hour -Daily Going through this process is something you have to see me demonstrating live. As its not easy to explain the process over a text. Open your simulation trading account and enter a buy order if you want to see what happens next.. Rocket boost this content to learn more Disclaimer:Trading is risky please learn risk management and profit taking strategies.Also feel free to use a simulation trading account. Before you trade with real money.