A-trend
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish, trading within the rising channel marked in blue.
At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel.
Moreover, it is retesting a massive demand and support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDCAD is approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market Awaits CPI Impact After Producer Prices Boost Equities Producer Prices Report Lifts Equities Ahead of CPI Data
The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release.
Current Outlook:
As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement.
Bullish Scenario:
If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320.
Bearish Scenario:
A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260.
Key Levels:
- Pivot Line: 39,780
- Resistance Levels: 39900, 40050, 40320
- Support Levels: 39620, 39260, 39120
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050.
previous idea:
BTC:USDT NEW UPTREND LEVEL INTEREST 62KBTC has shown a positive increase in volume over the last few hours, which could potentially lead to an upward trend towards 62K soon.
BTC should hold 58.3 to target soon up 62K since the first volume run did start at 58.3
The main whale view is still holding BTC on the top wallets BTC.
This area has shown an important volume confirmation
USDJPY 6H / Will Speculators Rebuild Yen Shorts Amid Volatility?Will Speculators Rebuild Yen Short Positions?
Recent CFTC data on FX positioning reveals that the net short positions on the Japanese yen (JPY) have decreased for the fifth consecutive week, dropping to 11,354 contracts as of August 6. This marks the lowest level since March 2021, coinciding with the USD/JPY decline to a nine-month low of 141.67 on the EBS platform. Just a month earlier, when USD/JPY was near 162, the net yen short positions had reached 184,233 contracts, the highest in 17 years.
The recent unwinding of JPY shorts presents a clean slate for speculators who anticipate a repeat of the price action seen after a similar yen-funded carry trade unwinding in late 2023, which drove USD/JPY down to around 140.
Market Volatility and Key Levels
Bullish Scenario:
To confirm a bullish trend, the price must stabilize above 147.825, with potential targets at 149.860 and 150.775, indicating a strong breakout.
Bearish Scenario:
The bearish trend remains in place as long as the price trades below the pivot line at 147.825, targeting 146.330 and 144.900.
Key Levels:
- Pivot Line: 147.825
- Resistance Levels: 148.825, 149.860, 150.770
- Support Levels: 146.350, 144.900, 142.400
Expected Movement Range:
The price is anticipated to fluctuate between 148.830 and 144.900.
previous idea:
POPCAT/USDT NEW INCREASE VOLUMEPOPCAT/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
POPCAT known when is the right moment that the volume is higher than normally coins at same range.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
AFTER THE CORRECTION BTC CAN REENTER FOR SECOND TIME 62KWe did add before about the expected correction for BTC
Like the before 62K target, in the correction, there can come a high candle recovery trend as we have seen before to gain again 62K
There is a good chance that BTC will retest the 62K level again with a new liquidity volume after this correction trend.
know that correction always enters with panic and manipulation trends.
In the zone where we are now, BTC can find new LONG liquidity also with the new coming weekly chart start.
we will follow the back trend to 62K level with updates.
the reversal does not always go directly, in more times the trend should become first stable before a new increase starts.
Follow always only your plan and risk management we are not advisors or get paid for it.
Trading is more than just a simple basic update.
THE BREAK OF NEIROETH - NEIRONEIRO/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
NEIRO has the possibility to break.
STG/USDT NEW BREAK POSSIBLITYSTG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
There is a good chance for a break in the coming time.
Trend levels
The coin is on important break trend which means if it can get confirmed it will break.
BENDOG/USDT GOING FOR THE NEXT BREAKBENDOG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
There is a good chance for a break, the chart shows 3the possible break, which can affect over 50%, the coming time frame we should follow for exact data.
The first focus target is
BTC/USDT RED LOW TIME FRAMEThis is a low time frame update which shows that BTC has the chance to have a correction in the coming time frame, the weekend trend.
We will follow the trend and see if these red signals are confirmed in the coming time frame.
We followed the BTC before, from a 54K to 62K trend. as this below update shows
About the side where BTC is going, we can't know, since we only follow data.
we never hope for a trend where BTC can go since we always check all 2 sides and where data shows a high chance.
our statics show that we are the best of all coins with data in BTC long term.
Knowing this is BTC there can be always manipulation in trends that can make fake liquidity before it will enter the real liquidity, we have seen before at 56650 before increasing to 62K, in a different way can always happen. make always plan..
data shows there is a chance that 70% BTC will make first a correction
GOLD 4H / Bullish Volume...Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea:
BTC - Key Checkpoint...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the $50,000 support zone and surged by over 25%.
What's next?
Currently, BTC is hovering around a key rejection level and round number $60,000.
For the bulls to maintain control and push towards $70,000, a break above the $60,000 level is needed.
📉 Meanwhile , the bears can still kick in for one more correction phase especially if the $59,000 support is broken downward.
Which scenario do you think is more likely to happen and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AIDOGE/USDT NEW BREAK POSSIBLITYAIDOGE/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
high chance for new rbeak
S&P500 / Continued Volatility in the MarketsContinued Volatility in the Markets
Investors should brace themselves for continued market whiplash, as Thursday's trading session indicates that volatility remains a significant concern.
The S&P 500 (SPX) has stabilized within a bearish trend, targeting 4923 soon. The current volatility and technical indicators suggest bearish momentum.
Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5260, potentially reaching 5291 and 5327.
Bearish Scenario:
As long as the price trades below 5214, the bearish trend is expected to continue toward 5130 and 5040.
Key Levels:
- Pivot Line: 5214
- Resistance Levels: 5260, 5281, 5327
- Support Levels: 5130, 5040, 4925
Today's Expected Trading Range: The price is anticipated to fluctuate between 5215 and 5130.
Direction: Downward
1620 to 2450 Recession intervention by Arthur Burn and Nixon 2.0since 1987 every time overbought stock market goes down fed comes to save the rich
which was easy to do because there was no inflation
but post pandemic things changed and they can't do it anymore and result is fed stuck in stagflation
usa recession begin in september 2022 after hawkish 75bps hike but because election
arthur burn rapidly lower the rate hike size from 75 to 25
and later did QE on SVB bank run to stop recession.
Fed didn't stop there to turn recession into a economic boom just one year from election
first fed daly directly intervene bond market to ease high rate fear in bond market than in November fomc fed intently made ultra loose financial condition easing and ignored the inflation rising again by saying bump aka transitory 2.0 to make sure economic boom continue at least through april 2024 in election year
now nixon 2.0 have left you in recession and fed has no recession to intervene recession
because it is already to late to election
if no policy support comes to rescue the economy than gold can peak at 2450
wxy wave ending from 1620 to 2450 with 1.382 projection of wave Y
if powell repeat fed put again which he is doing since 2018
this week boj did to stop black monday market crash than no limit to gold meltup
BTC/USDT READY FOR NEW 62K LEVEL : NEW CYCLE STARTBitcoin is at this moment in an important confirmation zone, if it's able to confirm this in the coming hours this zone, we could see a break trend BTC/usdt with the return to the level of up 60K
If the trend is getting confirmed, then it's short-term since BTC is now at an important level. If this happens we will see a break trend with time.
By this update, we did follow BTC after the drop
BTC has a high chance of returning up to 60K soon. which means a new cycle can get created also.
Trading is risky, trade only depends on your plan, this is not trading advice.
JTO/USDT NEW INCREASE VOLUMEJTO/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Xauusd up trend XAU/USD is currently showing signs of an upward trend, moving from a price of 2383 to 2400. This bullish movement can be attributed to the latest data on initial jobless claims, which may have positively impacted market sentiment towards gold. Investors often turn to safe-haven assets like gold in times of economic uncertainty, and a decrease in jobless claims could hint at a stronger economy, driving demand for gold and pushing its price higher. As a result, XAU/USD is experiencing an upward momentum, reflecting the current market conditions influenced by the initial jobless claim data.
Bitcoin - Weekly chart Update - Bears will lose#BTC/USDT #Analysis
Description
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+ Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum.
+ While the price is trading above support, a major drop below this level would be concerning for Bitcoin’s long-term outlook. The next significant support is at $45K, a crucial trend line. A break below $45K could signal the onset of a bear market.
+ Despite the recent recovery, August and September are expected to be challenging months for Bitcoin. The market is likely to range with multiple spikes and drops, potentially leading to liquidations for both bulls and bears. This period of volatility requires careful risk management.
+ I remain optimistic that Bitcoin will hold above the $50K level, with a gradual recovery likely from this area. Maintaining support above $50K is essential for avoiding a deeper downturn and sustaining the long-term bullish trend.
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Enhance, Trade, Grow
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VectorAlgo
JASMY/USDT NEW INCREASE VOLUMEJASMY/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
ORN/USDT NEW INCREASE VOLUMEORN/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.