BTCUSD Bullish Continuation Amid Support TestsHello,
BITSTAMP:BTCUSD price has found support at the 1W pivot point, while the 1D pivot point has acted as resistance so far. Despite this, the overall outlook remains bullish, suggesting a continuation of the trend. The 1Y-1D trend, confirmed by the 5-200 SMA/EMA, indicates that while we may see further support tests, the long-term bullish momentum is expected to persist.
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Pivot Points
NZD/JPY Break Above 92.293 Signals Bullish ContinuationHello,
OANDA:NZDJPY is nearing its recent 3-month/1-month high of 92.293. A decisive break and hold above this level is crucial to confirm further upside momentum. The current price action remains well-positioned for a bullish continuation, as long as it stays above the 1-month pivot point (PP), supporting continued upward movement.
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USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been looking at various markets recently, and USOIL really stood out to me. I want to share how I analyze markets using a mechanical top-down approach across all timeframes to form my trading bias.
Top-Down Analysis:
This method is crucial in my trading strategy. It helps me stay objective by focusing on what the market is indicating regarding trends and key levels, rather than letting my personal opinions cloud my judgment.
By adopting a systematic approach, I've been able to reduce doubts and fears in my trading decisions.
Now, let's dive into the top-down analysis process.
12M:
2W:
6H:
FSLR may be ready to fly!NASDAQ:FSLR received an upgrade to Buy from Neutral by Citi Bank…..while approaching the 200MA and previous area of support…..undervalued on all time frames……with plenty of headway to retest All Time highs. Given the election supports further funding for Solar Projects to assist with our energy demand we could see a significant move to the upside into year end……Let’s see how this one plays out!
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Market is Holding above the Resistance , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Trade Idea for BTCUSDMy sentiment about BTCUSD is firmly bullish.
I plan to utilize probabilities to strategically position myself into long positions. This approach allows me to leverage statistical analysis and market behavior to enhance my trading decisions.
Several key fundamentals are currently influencing the market in a direction that aligns with my bullish bias on BTCUSD:
Institutional Adoption: There has been a notable increase in institutional interest in Bitcoin, with major firms investing heavily. This trend suggests growing confidence in Bitcoin as a long-term asset.
Economic Uncertainty: Global economic conditions remain volatile, leading many investors to seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
Technological Advancements: Innovations in blockchain technology and increased acceptance of cryptocurrencies for transactions are contributing to a more robust ecosystem, enhancing Bitcoin's utility and attractiveness.
Conclusion
In summary, my bullish stance on BTCUSD is supported by both statistical probabilities and current global fundamentals. By strategically using probabilities, I aim to position myself advantageously in the market. This method not only enhances my trading strategy but also aligns with broader economic trends that favor the growth of Bitcoin.
Let’s dive into the top-down analysis together! Your thoughts and feedback are always welcome!
1D:
Hourly Timeframes:
If you found this analysis useful, please boost and comment! Your support helps us all grow!
EURUSD Multi Timeframe Analysis 22.10.2024Not much has changed since yesterday so will follow the same plan
15m Swing, Internal Bearish
Corrective push to the upside but I don't think it will last. Nearest 15m supply to look for shorts marked on the chart. Looks like price creating more internal liquidity before targeting 15m Swing weak.
BTCUSDT: Trend in weekly time frameThe color levels are very accurate levels of support and resistance in different time frames.
A strong move requires a correction to major support and we have to wait for their reaction in these areas.
If the BTC chart does not react to close levels, this analysis will be invalid.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
Decline in EURUSDYesterday, EURUSD tested the previous low at 1,0808.
If it breaks through, the next support levels are at 1,0783 and 1,0745.
At the current levels, there are still not enough reasons to trade EURUSD, so we are focusing on other instruments with more potential.
Here are those instruments again:
For buying EUR, consider EURJPY.
For selling EUR, consider EURAUD.
AUDJPY at a Crucial Turning PointHello,
AUDJPY is currently at a notable juncture! While there hasn't been significant movement recently, an upside is still anticipated as long as the price remains above the 1W/1D pivot point. However, if it falls below this level, we could see additional downside.
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USDCAD Bullish Momentum Continues: Watch Resistance at 1.387013Hello,
FX:USDCAD has experienced additional upward movement following last week’s bullish trend. Further bullish activity is anticipated until a strong resistance level is established. Exercise caution! The key resistance point to watch is 1.387013.
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SAGA potential buyas you can see price looks very bullish in the higher time frame and currently is making a corrective move toward the 4h demand.
after the mitigation, I will wait for the confirmation in the lower time frame and look for buys. I will keep you guys updated about this position.
have a blessing day.