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EurUsdPrice has been ranging within a 200/250 pip range since mid October. Price broke out of the key 1.1500 area which has acted as major resistance for a while. Price broke this 1.1500 zone with a very bullish candle, a retest has occurred of the zone and I see more upside potential with this pair. I would like to see the next upside target of 1.1600 in the short term, and then I believe price has the potential again to move even higher to test the 1.1800 handle in the short/medium term.
Long
by mattmach
Technical Analysis 101!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Technical Analysis 101!! Interpreting the candlestick This type of chart is an extension of the bar chart as discussed and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen that the vertical axis of the chart helps in providing information on the prices of the FOREX whereas the horizontal axis represents the time period. The white candles are the representation of the advances of the currency and the black candles, on the other hand, represents the decline in the value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical line represents the wick. This chart helps the investor to forecast the future price movement of the FOREX. b) Charting systems In the mind of a few people, charts are the exemplary image of the trader’s speciality. The experienced eye can make ups and down. Charting is a questionable piece of the fund. Future research is probably going to reveal things about outlining that would amaze people today. All things considered, even individuals who eagerly restrict the training are ought to be acquainted with the essential techniques of charting. Follow your Trading plan, Remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
FX_IDC:USDWTIEducation
by SMPTrader
Technical versus Fundamental Analysis 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Technical versus Fundamental Analysis 101 a) Popularity Fundamental analysis deals with the studies of basic financial information in order to forecast the supply and demand, profit, strength of the industry, the ability of the management and some other intrinsic factors, which influence the value, and the growth potential of the FOREX market. In the fundamental analysis, various economic and global factors are also considered. This analysis is also helpful for the forecasting of financial statements as it provides an insight into the revenues, expenses, assets and liabilities. Technical analysis is a method of forecasting the prices that tend to move in the trend form and can be easily determined by altering the behaviour of the individual investor. It can be further elaborated that this movement in the behaviour can be caused by the variety of factors including the fluctuation in the economic, political as well as the psychological forces. This type of analysis is also referred to as the internal analysis and is regarded as an art, in order to identify the trend changes for maintaining the posture of investment until the weights of the trend are reversed. b) Fundamental Analysis For the purpose of finding the intrinsic value of the currency, economic analysis, country analysis and industry, the analysis is included in the fundamental analysis. The intrinsic value, which is resulted from these three analysed figures, is considered as the true value as it possesses the impact of all the three factors. If the computed intrinsic value is higher than the market price of the shares, it is recommended that the shares should be bought by the investors. There are different forecasting techniques, which are used in each of the above-discussed analysis. In the case of economic analysis, the factors, which can be considered for the forecasting, are National income growth rates, interest rates, inflation, the balance of payment, and budget of the country, infrastructure, monsoon and economic and political stability. The economic forecasting can be done with the help of, 1. Anticipatory surveys 2. Barometric or Economic Indicator Approach 3. Economic Model Building 4. Opportunistic Model Building The forecasting in the industry analysis will be based upon the growth level of the industry, profitability and the cost structure, nature of the product, policies of the government, labour and research and development. Industry analysis can be carried out with the help of porters five forces analysis. Other forecasting tools can include life cycle analysis of the industry, the profit potential of the industry and characteristics prevailing in the industry. The fundamental analysis of the currency will be based upon the macroeconomic arena of the country and the past behaviour of the monetary institutions. The country analysis can be done with the help of marketing success, accounting policies and profitability. Accounting policies include the pricing strategies, depreciation methods, non-operating income and provisions for taxation. Profitability analysis of the currency includes the various elements of financial statements and the technique of ratio analysis also. c) Technical Analysis Technical analysis utilises different forecasting tools for the purpose of valuation of the FOREX prices. These tools are mostly graphical in nature, which makes it easier for the investors to analyse the currencies. The demographic shift will have a relevant effect on the forecasting tools and techniques, which are identified in the technical analysis. For example, if the age of the investor is below 25 years, the technical analysis will be preferred as it is less complicated as compared to the fundamental analysis. The bar chart will be preferred also as it is the easiest amongst all the graphs. However, if the investor is more than 25 years old, then the results will be in the favour of fundamental analysis and if in case technical analysis is adapted, candlestick will be preferred. Occupation and education will also take similar turns in case the investor has a financial background or possesses non-financial background. It means that if an investor knows the trading environment and dealings of the currencies, he can easily perform complicated operations, which can provide effective results. However, the individuals having no or little knowledge regarding the currency valuation will depend upon simple computations and graphs identified in the technical analysis for forecasting purpose. Happy Trading :) "The goal of a successful trader is to make the best trades. Money is secondary" Alexander Elder
TVC:GOLDEducation
by SMPTrader
Short Sell then Strong BuyOn the 4HR time frame we see the market testing the top resistance-zone twice right after a strong rally upwards in price. After the second test of the resistance-zone we see so many buys that no one else is selling so the sellers jump in and give it a strong rally downwards creating a fake out right before a huge pullback straight through the top resistance-zone. This tells me the buyers are strong and waiting for an opportunity to take this market higher. Next we see a short sell of about 30% hitting a support and then pulling back and re-testing the upper resistance. At the moment the market seems to be making another short sell and if the buyers are still waiting to jump back in (which they seem like they are) it's going to be at the middle resistance line (at a 30% discount) where they'll jump in and boost the market to higher highs. A perfect time to Buy, and a strong one at that. If the markets don't rally up as strong as anticipated then there are possible exits between 111.000 and 111.500.
by Eli_StayFocused
$DJI Dow Chart 20 years, still looking strongWe are flirting with but above the ichimoku cloud, indicating further upside, RSI went from above 80 and reset since February back to more manageable levels without to much of a correction, MACD has crossed over for a 2nd time (only negative indicator atm) If we see a fall into ichimoku cloud we need to be wary and prepare to exit stocks into cash A decision could be approaching around 27th of August RSI we want to see a double bounce on the 50 mark MACD we want to see a turn around, this double cross into the sell side is not good for a strong bull market, this has been forced by the trade issues atm. Overall market is still looking strong, we are seeing alot of FUD and increased worry with market news, however the DJI is holding strong even with extremely negative sentiment from news sources who are trying to get clicks and create panic as always. At the moment still holding my positions to await further indicator and decision, still believe in a capitalistic market, having TRUMP whos very pro capital and business is very good for the overall trend of the US stock market and indicators much futher upside.
TVC:DJI
by JamesCryptoGuru
1
Bitcoin Back to 10K?! (11% Potential Short Term Gain)Hello everyone, Here is a quick analysis on Bitcoins current state. I have drawn out what seems to be a forming bullish pennant. We have very strong resistance around the 9000 mark followed by an upthrust in volume over the last couple of days resulting in the bullish push. US Taxes were finished, media seems to be pumping certain crypto, as well as the Elites hedge funds teaming up and "joining" the market, retailers jumping in, more of the general public is aware of the technology, I'm bullish af for crypto overall. The overall daily volume on BTC has been around the 7 billion mark in the past couple days, which in my opinion is a strong indicator of the bulls coming back in. We could be on the way to 10k as shown. I have been long since 8100, stop loss set at 7750, targets set for 10k followed by a small pullback. I do not want to believe that this is a fake bull run just to stop out the bears, however I will be analyzing closely and updating as well. We would need institutional buyers to jump in after pulling back to the 9500 area to continue our momentum. BTC: Long 8100 Target 1: 10000 (23.4% Profit) Stop: 7750 I am not a financial advisor. I am not responsible for any loss/profit. However I am entitled to my own opinion, hit that like button if you agree with me! I am also open to new ideas and perceptions so if you have anything good to implement post it up!
BITFINEX:BTCUSDLong
by CaliG11
1
Golem (GNT) Undervalued? .....100%+ Long TermHello everyone, Golem is an amazing project and if you haven't had the time look into it, I highly suggest it. Long story short, the team is incredibly gifted and have been working for some years now. Becoming the largest global, open sourced, decentralized supercomputer that anyone can access, the project consists of the combined power of user's machines, from personal laptops to entire datacenters. "GNT: The AirBnb for computers." I am incredibly bullish with this coin, total supply is 1 billion, and circulating supply is roughly 834 million. The Brass Beta just went live on the main net. In my opinion a large volume of new investors and spectators will be joining this project for the long term. On the overview, I have a couple of short term, (Targets 1 & 2) in highlight as well as my long term (Targets 3 & 4). This is keep in mind with Bitcoins state of being. Stop Loss set at .35, relatively low compared to strong support at (.41). I have also been LONG since (.19). I also see another wave coming in therefore I added more at (.19) I am not a financial advisor. I am not responsible for any loss/profit. However I am entitled to my own opinion, hit that like button if you agree with me! I am also open to new ideas and perceptions so if you have anything good to implement post it up!
GLong
by CaliG11
7
BTC Descending Wedge, more downside with potentially huge upsideWe saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce off a major fib level. Target after 7,1 is 8,971, if we break bear trend then the new target is moon.
by intial0
Future predictionNo matter if some people want to accept it or not, the Bitcoin chart follows that of nasdaq. As you can easily see in the MACD and RSI he has followed him for a long time, so why should it not happen for the rest of the time? So you have to be careful. If we break the 'trendline' up, it's a bull trap. So we will experience another dip, which will not be the last wave. Just as in the 4th wave at nasdaq, it will be a triangle formation that leads to the 5th wave. This will be the end of the bear market. It may also be that we get the 5th wave without breaking the trend line, which is unlikely. But one thing is certain, the ABC correction is not over yet and it WILL go down one more time. When the time comes I will show you entry points. I keep you up to date.
BITSTAMP:BTCUSDShort
by E557
60