Technical-analysis
HSBCOverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
USDCHF AnalysisHey traders, here's my analysis of USDCHF!
Price ranging between supply and demand zone.
If price continues to stay inside range for another bounce, wait for a break of an inner trend line to enter.
If price breaks the range, wait for retest of supply/demand zone to enter.
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BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
CVAC Curevac found the bottom on 0.382 fib levelAfter a huge runup CVAC found a bottom on 0.382 level but made a lower high bouncing around 0.786 fib level and 0.382 fib level making a double bot on that 0.382 fib level. The momentum right now is very bullish and if the previous lower high just above 0.618 fib level is broken it will very likely continue its uptrend after retesting that lower high and breaking the $82.69 price target into another highs retest into 1.272 fib level ($95.43 price target) after which it will pullback again. If the prior lower high is not broken that was around $66 price target then it will very likely go down further to 0.236 fib level($46 price target) or consolidate even more and creating a triangle formation. If it creates a triangle formation then any news catalyst will very likely break out to the top even up to 1.618($111.64 target).
LTCUSD Eyeing 44.5/40.8 Possible Support!Hello traders,
LTCUSD is dropping in a five-wave movement from start of September, ideally unfolding a bigger wave c or iii. We specifically see price at the beginning of a sub-wave (v) of c/iii, down from 52.448 level, where a former correction as sub-wave (iv) had ended. That said, sub-wave (v) can now target 44.5/40.8 possible turning point area, where equality measurements of waves one and five, and various Fib. Ratios can slow the bears down, and act as support.
A minimum, three-wave recovery can afterwards be seen once wave c or iii fully develops.
Trade well,
The EW-forecast team
XRP 4hr bullish chartXRP looks strong vs BTC in short term which can translate into long term strength as well.
Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis.
RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value should increase! I usually give more analysis but I am busy today.
If you don't know about FXRP (XRP fork) then you should look it up on the interwebs :)
USDJPY H1 - SHORTImmediate downtrend for USDJPY and we can see that prices formed a lower high @107.000 level. We have a push towards the downside, now retesting a neckline structure as seen a on the daily timeframe. We'll be zooming into the LTF for potential entries.
Double top into a daily structure, with a 3 bar reversal pattern.
TSLA Analysis 4 hour chartTSLA
Sentiment: Bullish
Reasons:
1. Falling Wedge Pattern
2. Decrease in Volume During Pattern Formation
3. Hammer Candlestick at the end of Week long Downtrend
Disclaimer: this is not financial advice I am not your financial advisor. This is just my personal analysis of what I see in the charts
GBPCAD Buys - Tp1 and 2 hit, can we keep riding the move....Potential to follow this move still - we are seeing a strong Pound this week.
The strategy 'buy' caught the break out nicely - for those that trade technically (we don't anymore) - but if you do, you will have seen a resistance area, this would have caught some traders out selling at that level, we had momentum to the upside and the Buy triggered on the strategy.
Regards
Darren
EURAUD CONTINUATION/CORRECTIONEURAUD has given a retracement on 4H after a strong market structure break to the up-side.
Aggressively, suitable entry is at CMP. however, do note a potential draw own to the 4H bullish order lock below price.
Conservatively, Enter a Buy on the OB of 1.6340 , SL at 1.6299 or 5Pips below SAID LEVEL.
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