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Trendlineanalysis

Capitalizing on the Bearish Trend The entirety of the NZDUSD landscape is signalling a potential shorting opportunity. Technical Insights: The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity. Extended Target: For those inclined, extending the target to the completion of the Bullish Bat Pattern on the Weekly Chart at 0.5626 could be a strategic move. Always employ your own risk management strategies and validate with your analysis. What's your perspective on NZDUSD? Share your thoughts below.
Short
by RaynLim
1
#Nikkei buying opportunitHello, traders and friends. I hope you all doing well. Let's delve into NIKKEI chart and explore why we believe there may be a potential Buying opportunity. The three-wave bearish corrective nature of this downward leg, following a bullish impulsive wave we observed on the chart, suggests the possibility of another bullish move, potentially testing at least the upper boundary of our longer-term bearish trendline channel. Supportive confluences that we have observed include the inner trendline, which has acted as both resistance and support multiple times, indicating traders' awareness of its significance. Additionally, the price has reached a static support line and a demand area from above, both of which serve as important support levels. Furthermore, the price retraced around 50% of the Fibonacci level of the last bullish move. Additionally, we've observed the formation of a 4-hour bullish engulfing candle, which can be seen as a trigger for this potential buying setup. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
SPREADEX:NIKKEILong
by mohemati
1
CADJPY Recovery of currency exchange after inflationBanks and financial institutions buy and sell currencies with each other - these large institutions are the 'market' and the rate they trade at is the 'market rate'. The difference between the amount being bought and sold is the spread, which is essentially the difference between the buy and sell price. However, when currency is sold by banks to retail customers, the spread increases significantly and the profit from the transaction is therefore significantly larger. Therefore, when we focus on money transfer fees when sending money abroad, we often ignore the biggest cost: exchange rate differences.
Long
by Chart_MasterPro
Gold H1 Triangle Pattern Points Towards an Upside MoveA triangle pattern is a technical formation characterized by converging trendlines. It signals a period of consolidation and indecision in the market, often followed by a significant price breakout. In this case, we have a triangle pattern that's worth exploring. Triangle Formation: The price chart of Gold on the H1 timeframe shows the formation of a well-defined triangle. The upper trendline (resistance) and the lower trendline (support) are converging, indicating a potential breakout. Final Thoughts: Gold's price action is heavily influenced by various economic and geopolitical factors, which can lead to substantial price movements. While the triangle pattern suggests a potential upward move, it's essential to keep an eye on relevant news and events that could impact Gold's price. Trading always carries inherent risks, so be sure to perform your own analysis and risk assessment before executing any trades. Additionally, adhere to a robust risk management strategy to protect your capital. As of the time this post was written, Gold is trading at approximately $1916 , with a potential target of $1932 . Remember that markets can be highly unpredictable, and trading carries risks. May your trades be prosperous, and your strategies sound. Happy trading!
OANDA:XAUUSDLong
by TradeGeniusPro
4
Saturation of GBPCADOutput growth in the first half of the year was more stable than expected. GDP increased 0.4% in the June quarter, although GDP and household consumption both continued to decline on a per capita basis. Domestic demand was stronger than expected as strong growth in business investment and public investment offset weak growth in household consumption during the quarter. There have also been modest upward revisions to GDP over the previous several quarters, leaving year-end GDP growth about half a percentage point higher than forecast in August. Timely indicators point to continued output. continued modest growth in the September quarter.
by Chart_MasterPro
FOR - breaking up soon?FOR was in a strong trend from June (pt A) till its peak on 7 Aug (pt B). It then went into 50% fib retracement over the next 2 months, hitting a possible final low on 6 Oct. A couple of bullish divergences between its price and RSI were also seen just prior to hitting this low. What followed next was a bullish morning star pattern. Went long @ 26.35 on 10 Oct the day after this pattern was formed with initial stop loss slightly below the morning star's low @ 25.35. Despite its long correction, the stock is still very much above its 200 day moving average. Expecting that it will break out of it's downward trendline resistence soon. Whether it could rise back towards its Aug's peak of 31.43 eventually remains to be seen. Will trail protective stops upwards from time to time. Disclaimer: Swing Trader here. This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
NYSE:FORLong
by Juliac
Limbo in December Live Cattle December Live Cattle has been in a virtual free-fall since making contract highs back on September 19th. We’ve sold off nearly $7 since scoring the new high. To say it’s been a remarkable year for live cattle futures would be an understatement - we’ve made all time highs, and bucked bearish seasonal tendencies along the way. The strength observed across the cattle contracts is well substantiated by national cash-trade transactions, and cattle on feed numbers - two of the most important components of fundamental analysis in the cattle markets. Where will we find support? If you look at the retracement from the contract’s low to the contract’s high, we are quickly approaching the 23.6% retracement level at 183.100. This could be viewed as our first major pocket of support, as it is both a significant fibonacci retracement level, but also a point where we saw prices pace through continuously between July and September. Trendline Support In the case that the 23.6% retracement does not hold, another key area to consider is long-held trendline support. Now, that could be a ways away from where we’re at. If price continues to free-fall, trendline support should come into play around 181. But, if prices stabilize and begin moving sideways over the course of the coming weeks, both trendline support and the 23.6% retracement level will converge. This convergence serves a “cluster” of evidence that provides more credibility to the support pocket. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LEZ2023
by Blue_Line_Futures
GBPUSD. SELL HERE!Certainly, here's the translation of your technical analysis for GBP/USD today: 1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows. 2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future. 3. Trendlines indicate that the price continues to respect the slope and wave amplitudes. Indicators and volume suggest that the price is slowly decreasing. It is predicted that there will be a corrective wave 3-4 soon. 4. Prediction: When the price approaches the upper trendline, we can consider SELLING based on the descending structure of GBP/USD in waves 4-5. This may mark the temporary end of the downtrend. Please note that this analysis is based on technical indicators and historical price patterns, and actual market movements may vary. Always use proper risk management and consider multiple factors when making trading decisions.
Short
by KC_Trader77
3
DXY, to continue price ascending to 105.834Last week's DXY index candle bullishly closed with a strong rejection with from the 104.643 support because all of the USD fundamentals (The CPI, Core PPI, Core Retail Sales, etc.) which occurred last week went to strengthen the dollar. The DXY is expected to consolidate between current level of 105.351 and 105.00 since there is not important fundamentals between Monday and Tuesday before a potential rise to 105.834 There are important fundamentals coming up this week form Wednesday to Friday -FOMC Statement and press conference -Federal Funds Rate -Unemployment Claims -Flash Manufacturing PMI
TVC:DXYLong
by AbeikuGlobal_FX
Close to A Bottom in December Corn? After scoring a new contract low early in Tuesday’s trade, December corn futures managed to stage a late-session rally to close in positive territory. Moreover, the contract managed to close above trendline resistance that’s been in place dating back to June 20th. Price action on Wednesday served as a continuation of the late-session strength, with the contract closing 6 cents higher to close at 482 ¼ - marking a second consecutive close above trendline resistance. Prices have clung to the trendline very tightly over the last 8 trading sessions, and the previous two sessions are the first instances of prices closing above trendline resistance. So the question now becomes, are we close to a bottom in the December corn contract? Looking at price history and seasonal tendencies, we can see that the December corn contract typically bottoms out between the final week of September and into the first couple of weeks of October, before ultimately staging a moderate rally in late October. www.seasonalgo.com If we are indeed attempting to put in an intermediate bottom, we can expect a support/resistance flip. Meaning, that previous trendline resistance should now act as trendline support. In other words, if prices falter in the coming days, and test the trendline, we should likely see bulls come to defend the trendline. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZCZ2023
by Blue_Line_Futures
1
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
S&P500 (SPX) -> Buy The DipMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on S&P500. After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected. After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
SP:SPXLong
by basictradingtv
44