LyviaTan

LyviaTan Updated 

For self-assessment only This time I am opening a trade position of short based on reasons below A. Price Action Currently, the resistance level of today is 1740.66. The price bounced downwards when touching this key level - For further confirmation of entry, two indicators are needed for the purpose of predictive analysis and historical analysis. I am using...

LyviaTan Updated 

This analysis is for self-assessment Today I am taking an open position on long as the setup has been confirmed at 1h timeframe with reasons broken down below A. Price Action - the price bounced back upwards when it touched the price of 1719.37 which makes it as the support level -> To confirm that the price will move upwards, two indicators are used for the...

LyviaTan Updated 

XAUUSD Analysis - for exercise purpose only Daily technical analysis 1. MACD -> upward crossover 2. RSI -> the RSI line goes upwards to 70 line (overbought area) 3. Key level Daily key levels are levels that were based on the highest price and the lowest price on previous day a. Resistance - 1744 b. Support - 1754 Today's action plan Entry point -> 1749 TP...

LyviaTan

Weekly technical analysis 1. EMA 200 -> Bullish 2. RSI -> the RSI line is above on oversold level yet it is below the 50 line. the lower low of RSI line is ongoing due which marks the downtrend is gradually slowing 3. Major key level Major key levels are levels that have not been broken by the price a. Resistance - 2074 b. Support - 1677 Conclusion Although...

LyviaTan

For exercise purpose only. Kindly drop comment for feedback. Indicators used: - EMA 200 - MACD Reports used: - barchart to check the future expiration - tradingster to check the COT data Supply and Demand 1H 1. Supply Line: 1758 2. Support Line: 1728 3. EMA 200 trend: Bearish 4. MACD: upward crossover, indicating that the price might go up. To be...