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NZD/USD likely to fall!Hey tradomaniacs, NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline. Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement. Strong Rate-Hikes combined with a bad outlook for the next quarter and year is usually a very bad combination and could boost the US-Dollar with a rosk-off-sentiment. On the other hand the market could price in less rate-hikes when inflation settles down and the up-inflation-risk weakens. However, technically a good chance.
Short
by Trading2ez
$ACH about to take off?First let's talk about $ACH, what it is, and what it works for... Alchemy Pay is a gateway payment provider for transacting between fiat and cryptocurrency, is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto and makes crypto services and platforms accessible to mainstream users. Now... The reason why this idea arises is because on the weekly chart the MA21 finally crossed a bullish candlestick, this is the first time this has happened, let's remember that in most cases (and after a more complete analysis) when the MA21 or 14 crosses below the candles it is the start of a new uptrend, regularly when this happens on a 4hr chart or less it is a signal to wait between 5% and 10% when it happens on a chart daily this can indicate between 10% to 25%, and on a weekly chart above 25%, however, as I mentioned this is the first time it has happened, it is a relatively young project. The SSLChannel; It is the second time since the beginning of the project that it shows an up trend, let us remember that this happens when the green line crosses the red line upwards and the red line is now positioned below in an up trend. This is the opposite with a downtrend. The RSI; From May to July it was oversold, and days later the SMA14 crossed and positioned below the RSI, and in September, the RSI went back into oversold and until October 3 a new trend was set, and the SMA14 crossed back below the RSI. Chart Patterns; Just before the last candle I see a Morning Star, I also see a small accumulation and market indecision in 5 candles from June to July, Falling Wedge, a clear Support between June and early October and a Bullish Engulfing. So let's see what happens in the next few weeks. Control your own risk. This is not an advertisement or a buy signal.
COINBASE:ACHUSD
by icheeetah
1
IDENTIFIED LONG ENTRY AREA - RIO TINTO LIMITED - RIO - WEEKLYThis time we look at the RIO's price in the Australian Stock Exchange ASX. The black horizontal line is potentially the strongest support ever. Price has strongly failed in the past to go under it. The curve is coming back around those prices which probably pictures a buying zone. It might probably interesting to buy while in the square and exit when the price goes back again above the up trending black dotted line. Wanna Share Your Thought About This Idea ?
ASX:RIOLong
by Diallo_Charts_Ideas
1
EUR/USD likely to fall!Hey tradomaniacs, EUR/USD has shown a fakeout to the upside with a fast reversal showing sellers are trying to fool buyers in here. Previous news were hawkish but so far we see a risk-off-tone in the stockmarket which is likely to keep EUR under pressure. However, lots of sellers coming in at this spot and orderflow is currently pretty bearish! Please keep in mind that all trades are risky today due to less volume. Lots of holidays and closed bond-market ahead highly awaited news this week! Let`s see =) Good Chance!
Short
by Trading2ez
OP: A RALLY LONG PENDING.Hello traders, I hope you all are doing great. Here's a quick update on OP in the USDT pair. Timeframe: 3 hours. Update: OP has been a long-awaited coin. It gave us good profit in the past and once again it is preparing for something big. This pattern once breaks out, will boost the possibility of a higher rally. The RSI is making a good hidden bullish divergence and man! The chart looks good. Entry if it breaks out: $0.84 to $0.86. Stop Loss: $0.235. Target: 8% to 15%. Note: Enter only when you see a breakout. Do not FOMO. I hope this chart is helpful for you. Trade safely.
Long
by Dexter_The_Trader
3
US-DOLLAR (DXY) at Support!..AnalysisHey tradomaniacs, DXY (US-DOLLAR-INDEX) is currently re-testing the primary trendline aswell as support-zone. Question is will it hold or not? I can tell you it is tricky due to the new expectations the market prices in in uncertain times. What do we need for a bullish US-Dollar? 1. Risk-Off in stocks 2. Rising Yields / Falling Bonds Fundamentals: So far the market has reacted to different circumstances such as the Ukrain-War but first and foremost the inflation and the answer of our Central Banks. The market has never seen such a shift in monetary policy and multiple rate-hikes in this dimension. This is of course very concering as the Central Banks (Drug Dealer) takes away all the drugs (liquidity) the market is addicted to. Since the Corona-Rally is based on money-print-waves aswell as low rates it was more than clear that we get a bear-rally with the annoucement of Biden to fight inflation, no matter what it takes. (Ofc as it was his promis to biden to get a second period) However, now we have a scenario where the world is getting concerned about all the rate-hikes and their impacts. The first very critical situation appeared in the UK where Central Banks were forced to adjust the monetary policy. Now we have seen a lower rate-hike in Australia...this could become a "trend" of the CBs as they could take a step back and wait for the impact of recent rate-hakes. Trends like that can be quickly priced in the market... Yesterdays ISM-Results from the USA caused a pump in stocks as the market begins to bet the FED won`t come up with such high rate-hikes as announced to support the obviously slowing down economy. This is again a BET against the FED and Jeromes statements. I guess the market will look at the NFPs this week to evaluate whether it is more likely to get the promised rate-hikes or not. A decent job-market could give the market the impression that rate-hikes as planned are possible and we see a rising US-Dollar. A worse job-market could confirm the markets expectations (as economy aswell as jobmarket suffers) and we see a falling US-Dollar. Technically a great spot to go long but as long as SPX&Co continue to move up we will see a weaker US-Dollar. In Mid-term I expect the US-Dollar to rise again as recession is coming closer and closer (See Yield-Cuves). What do you think?
TVC:DXY
by Trading2ez
1