Fundamental-analysis
ETH 1H Review Be careful!Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. In the first place, we can mark the downtrend channel, however, we are currently moving in a sideways trend channel in which the price is still holding.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the first support is the zone from $1841 to $1829, then we can mark a very strong support zone from $1780 to $1714, when the price falls below this zone we can see a drop around $1626.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see a strong resistance zone from $1,894 to $1,947, then we have resistance at $1,984, and then the price needs to break through the $2,031 resistance to continue up.
When we turn on the EMA Cross 200, we see that the price made an attempt to return to the uptrend, but it failed and we quickly fell below the ema cross 200.
The CHOP index indicates that the energy is almost depleted, the RSI has a strong rebound but there is still room for us to go lower, the STOCH index indicates that the energy is depleted at the moment so we can see a temporary sideways trend.
EURAUD - Bullish Breakout Of The Range?Analysis:
Bullish Confluence Factors
Upwards trend
Break and retest of a previous area of resistance for support
38.2% fib retracement level
In an upwards channel
Longer term upwards trendline present
EUR is the strongest major currency whereas the AUD is the 7th strongest major currency
2K short position increase for the AUD
Neutral Confluence Factors
Neutral decrease in positions both long and short for the EUR
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line.
Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50.
Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97.
Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
BNB/USDT 4HInterval Review CHARTHello everyone, welcome to the BNB to USDT chart review on a four-hour timeframe. We will start by selecting the uptrend channel in which the price is moving at the lower border, locally we can see that we managed to get out of the downtrend line at the top.
When we lay out the Fib Retracement grid, we see that the price stayed in the strong support zone from $241 to $236 and has now moved above it, however, when the direction of the price changes and the zone is broken, we still have very strong support at $229 and then level of $221.
Looking the other way, we see a third approach to resistance at $245, then we can see a rapid rise to a strong resistance zone from $248 to $251, when it breaks out higher, we have resistance at $255, then at $261 $.
The CHOP index indicates that there is energy to be used, the RSI is moving in the upper part of the range, and what's more, we can see that downward movements on the indicator give a larger correction than upward movements. On the STOCH indicator, we are approaching the upper limit, which may also affect the upcoming price rebound.
EURUSD: Unpopular opinion - fundamental says - SHORTThe positive sentiment of other traders might lead them to overshoot, as I can see that people are expecting a bullish correction. However, the EU's hesitancy regarding interest rates, combined with the steadfastness of the US, points in a different direction.
Fundamental:
The U.S. Federal Reserve (Fed) is not ending its record-breaking interest rate hike program just yet. Such conclusions are drawn from the latest readings of the U.S. GDP and job market, which significantly surpassed expectations.
Jobless claims came in at 221,000, compared to the expected increase to 235,000 from the previous 228,000. The reading was accompanied by a completely unexpected decline in continuing claims to 1.69 million, down from the previous 1.75 million. These robust figures may also indicate a positive surprise in the Non-Farm Payrolls (NFP), which is now the market's focus.
On the other hand, the U.S. GDP in Q2 significantly exceeded forecasts, showing a growth rate of 2.4% compared to the previously recorded 2% and the analysts' projected 1.8%. The U.S. economy demonstrated considerable strength and remains resilient despite the record-breaking cycle of Fed rate hikes lasting for over 40 years.
A fly in the ointment for USD bulls (although objectively it's very good news) was the quarterly reading of core PCE inflation, which is the Fed's preferred measure of inflation dynamics. It fell below investors' expectations, and despite the positive data that could favor further rate hikes, it limits the chances of additional hawkish increases.
Technical:
We are in key zone with probably small bullish correction, but we have bearish trend in 2 weeks. Possible rebound and continuation of the trend
NZDUSD - The USD Will Continue To Fall!Analysis:
Upwards trend (bullish confluence factor)
Retest of an old support level (bullish confluence factor)
61.8% fib retracement level (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor)
2K short position increase for the NZD (bearish confluence factor)
8K short position increase for the USD (bullish confluence factor)
Comments:
Despite the strength of the US, the USD has been pretty bearish for a while now and it looks as if this could continue. We're pulling back into a strong area which we expect to hold as resistance for the DXY, meaning that we could then see a continuation to the downside which in turn would favour our idea on NZDUSD. Whilst we don't have all of the confluences pointing to bullishness, we still have the majority showing bullish signs. With the confluences we have on NZDUSD along with the technicals we have on the DXY we expect to see the USD continue its bearish move to the downside, pushing price higher on NZDUSD. This is what gives us our bullish bias.
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURJPY - Will The Bullish Rally Hold?Analysis:
Strong upwards trend (bullish confluence factor)
50% fib retracement touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
EUR strongest major currency (bullish confluence factor)
JPY weakest major currency (bullish confluence factor)
40K long position increase for the EUR (bullish confluence factor)
27K short position decrease for the JPY (bearish confluence factor)
Comment:
Price has been heading higher and higher for ages and now we finally have a chance to enter. Lets see if this bullish rally will continue.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURGBP - Will The EUR Stay As Top Dog?Analysis:
Breakout of downwards trend (bullish confluence factor)
Break and retest of previous resistance (bullish confluence factor)
Fib "golden zone" level (bullish confluence factor)
Break and retest of downwards trendline (bullish confluence factor)
EUR strongest major currency (bullish confluence factor)
GBP 2nd strongest major currency (bearish confluence factor)
40K long position increase for the EUR (bullish confluence factor)
24K long position increase for the GBP (bearish confluence factor)
18K short position increase for the GBP (bullish confluence factor)
Comment:
Whilst we don't have all of the confluence factors pointing in our favour, the most important ones that we may most attention to are. The EUR looks stronger then the GBP currently as this is what the statistics tell us, which is why we are bullish on this pair.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPNZD - A Breakout Of The Range?Analysis:
Taking a look at the charts we can see that price looks slightly choppy and like we're stuck in a range, however a trade has setup that is in accordance to our plan so we're taking it. Although price is in a range we can see that price is still heading to the upside slightly. We also have an upwards trendline which confirms that we are actually in an upwards trend. This means that we're only looking for long positions. We had some news that came out for the GBP this morning which was slightly negative causing an overreaction and price pulled back to an area that we're interested in. Whilst this news was negative we don't see this news event as that important and we also have a lot of other confluences pointing to bullishness so we don't really care about this small thing going against our idea. Whilst the area that we have marked out might not seem like an obvious level, to us it looks like a great place to enter at. We've seen this level hold in the past so we expect that it could hold again making it a possible support level, however this isn't the main reason why we like this level. The driving factor for why we have this area that we marked out is because of the added confluences which are lining up with. Firstly we have the 50% fib retracement level which we expect buyers to be sat at wanting to push price higher meaning that this favours our bullish thesis. Another confluence that we have is the upwards trendline. When we've seen this trendline be touched before we've seen it be respected and price has then made a move to the upside. Trading is all about history and patterns as they repeat themselves, so if this has happened in the past then its likely that this will happen again giving us another reason to be bullish especially from this area. The final technical confluence we have is the candle that we saw on Friday. We saw strong bullish momentum and we were expecting this to continue this week however after the news came out, price dropped back to our area of interest. Like we've said already we think that this is an overreaction so we expect to see the bulls step in again and push price higher, going in favour of our bullish thesis. Fundamentally as well the GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency so this massively goes in favour of bullishness on this pair. Taking a look at the COT data as well we saw an increase of 18K short positions and an increase of 24K long positions on the GBP, which is bullish, again favouring the long side. For the NZD however this is the opposite. We saw a decrease of 100 long positions and an increase of 2K short positions, indicating possible bearishness for the NZD, which goes in favour of our overall bullish thesis. We have the fundamentals pointing to bullishness and we have a strong place to enter from which is why we are bullish on this pair and expect to see a continuation to the upside.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom.
Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $.
Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
LTC/USDT 1D ReviewHello everyone, I invite you to review the LTC chart in pair to USDT on a one-day timeframe. We will start by marking with the blue lines the uptrend channel in which the price is moving, and locally we can mark the yellow downtrend line.
Using the Fib Retracement tool, we can check where the price should have support. And here we can see that the price is in front of the support at $86.63, then we have a second support at $77.80 and then a third very strong support at $68.97.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently facing strong resistance at $98.41 equal to 0.618 Fib, the so-called fibon gold point. We continue to have strong resistance at $114.13, once the price breaks it, it will move towards resistance at $134.29.
The CHOP index indicates that there is still energy to continue the movement. On the RSI we have a visible rebound, we can see that there is room for the price to go lower, however, taking into account the STOCH indicator, which indicates that the energy is exhausted, we can see an attempt to increase the price.
XAGUSD - Silver Continues To Rise?Analysis:
Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when broken so this previous area of resistance looks like a place where we could see buyers step in and push price higher. Looking at our extra confluences we don't have a fib retracement level of a trendline that lines up with our area however both of these confluences are close by, but this isn't why we took this setup. We took this setup now as we're at an area of possible support and we have the fundamentals in our favour. Fundamentals are what drive the markets so if we have a strong fundamental bias then that is more of a reliable signal then any technicals would be. Fundamentally recently we've seen the USD become weaker and as of the most recent report for COT data we saw an increase of 7K long position but we also saw an increase of 8K short positions on the USD so this is bearish for the USD, meaning that this is a bullish confluence for our bias. Overall we have a strong fundamental reason to be bullish on this pair and we've seen an opportunity present itself on the technical aspect as well. This is why we are currently bullish on Silver.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
MKR 1D Review Long-TermI invite you to review the chart of MKR in pair to USDT. Here the price stays above the uptrend line
After unfolding the trend based fib extension grid, we see that we first have a support zone from $ 1067 to $ 1008, then we can mark the second support zone from $ 950 to $ 867, but when the zone does not hold the price, we can see a drop to the area of strong support at $ 763.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rebounded from the beginning of the $1265 to $1349 resistance zone, then it needs to break through the second very strong zone from $1442 to $1569 and then it can move towards the resistance at $1729.
When we turn on the EMA Cross 10 and 30, we see that the MKR is moving in a local uptrend.
The CHOP index indicates that the energy has been used, the RSI is moving in the upper part of the range, which may result in a larger price correction, and the STOCH indicator shows that there is a lot of energy, which, combined with the RSI, may result in a price correction.
ETH/USDT 1DInterval Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First, we will use the yellow line to mark the uptrend line above which the ETH price is staying.
Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we can first mark the support zone from $1784 to $1670, then we have support at $1559, and then another very strong support at $1399.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we will similarly mark the resistance zone from $ 2034 to $ 2160, the price of which has no strength to break through, but when it does, it must overcome a very strong resistance at the price of $ 2291.
The CHOP index indicates that there is still energy to continue the movement. On the RSI we see a rebound and a place for the price to go lower, while on the STOCH indicator we see that the energy has been consumed, although we can still see the price fall.
Bitcoin Weekly UpdateHi Friends,
This week, in lieu of a video, I'm going to give the update via static post. Bitcoin is still ranging as I stated it might continue to do in my last video and the accumulation in this range is extremely bullish IMO. Now, I know there are many analyst who want to claim this is a Wyckoff distribution with the potential being down at this point. Although, this could be the case, I don't think so. I'm more inclined to believe the potential remain upwards at this point vs. down.
Of course, a break below my 29,900 level of support could mean I am wrong. And though, we have closed a candle or two below that level a couple of times, the market has never followed through with confirmation on the next. Indeed, ranging on this fence line has made many of my subscribers and followers nervous. And really, isn't that the whole point. The market movers are very aware of these psychological levels and will play traders until exhaustion sets in. I believe that is what is occurring rn. Many nervous longs may exit during this period. It is then that the prices could move swiftly up.
That green level that we're flirting with rn btw ...that marks (approximately) the body high of the June 10th candle of 2022 right when everything went to hell in a handbasket and BTC crashed from our price today of around 30,000 all the way down to 17,500 in just over a week! This is why it is so significant.
The fact that we made it through and are sitting above that orange major resistance area is a very positive sign for the bulls. I know, I know. Just barely. Still the accumulation up here has lasted almost a month now and I am thrilled. This is a huge win for the bulls.
And checkout that bull flag on my RSI chart!
Really, at this point though, to know more about what Bitcoin is actually going to do here, it's better to ignore Bitcoin. Not completely. As you can see, I am still tracking indicators from it's chart. But our macro-econ picture here in the U.S. is a great help. I have predicted for the last year that the market would become irrational, acting out against all fundamental indications regarding the longer-term economic picture which shows recession and long term stagnation on the way. I have stated that regardless of the clear picture that this is where we are eventually headed, before that, a blow-off top would occur. And that is exactly what is taking place right now. The dollar is crashing, the VIX remains at 2 year lows, and stocks are blowing up. These events are more significant to understanding where Bitcoin will go than anything.
Until next week, best on all your trades!
Peace y'all.
Stew
XAUUSD:Trend Analysis 1965take off
Today's trend and analysis can be seen in my previous article, which can be said to be completely consistent. We emphasize today's support level 1965.gold sell@1980-1985tp 1970-1965 This is our plan for today. Our next plan is gold buy@1965 tp1980-1990.
More analysis and signals will be updated in time, and interested friends can keep up.
XAUUSD:Short-Term Focus 1970-1985
Yesterday was negative, so the short-term is a stagflation rhythm, but if it goes directly to V and reverses the decline, the price should rebound again at the key support. The high point of the second rebound is lower than the previous high and then falls again. It can be confirmed that the stage top appears, which is consistent with the structure formed by the previous bottom. The short-term price focuses on the 1970-1984 range
More analysis and signals will be updated in time, and interested friends can keep up.
XAUUSD:Chasing high has no advantage
Yesterday, I analyzed that gold will fluctuate and rise, gold buy1972 tp1980-1985, and finally reached the target point of our attention near 1984. This position is an important suppression level in the early stage. With strong pressure, today's hourly line closes below this position, which will bring a certain callback.
Since looking at the bottom in 1920, it has been bullish until around 1984. The overall rise has eaten up most of it. I will not be blindly bullish in the future. I will wait patiently for the daily level to fluctuate at a high level before making further plans. Many people will definitely say that this is the time It's not easy. It's bullish with the trend. It's true that the trend is so, but under the strong weekly line of 4 consecutive positives, there is no advantage in chasing higher.
gold sell 1984-1989 tp 1980-1975
Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up . Continually updated
XAUUSDas we all see that gold is not stoping and keep rising as my fundamental analysis gold may make new higher soon or later by the end on september that we will see..keep eyes on who love to trade on gold. what you all think let me know. i hope the analysis i predict on 1D chart frame easy for you all.
xauusd:The support level 1965 has a huge upside
Gold formed a big positive line yesterday and rose in volume, confirming the stable situation after stepping back to 1946 the day before. It broke high again the next day, closed at a high level, and continued to stabilize at a new high level. It hit a recent new high of 1985, getting closer and closer to the 2000 integer mark. There is a little room for release today, and it is expected to touch the 2000 mark. At present, the daily line closes at a high level, and the short-term will continue to rise moderately. Judging from the K-line shape and the moving average indicators, gold has formed multiple divergent patterns, and with the upward moving average indicators, it has formed a supportive upward trend. The breaking high of 1963 has also been converted into a support level.
Overall, gold continued its upward momentum, breaking highs became support. Continue to be bullish today, and it is expected to gradually break through the 2000 mark.
gold buy 1968-1973 tp 1990-2000