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easyMarkets USDCAD 4-hour - Quick Technical OverviewThe technical picture of USDCAD on our 4-hour chart shows that the pair is currently trading inside a descending triangle pattern. According to Technical Analysis rules, such patterns tend to break to the downside. For that, a confirmation break roughly below the 1.3650 zone would be needed. This way, a forthcoming lower low would be confirmed and more sellers may join in. We could then aim for our Downside Target 1 level, a break of which might set the stage for a move towards our Downside Target 2 level, which is the current lowest point of March. Alternatively, a break of the upper side of the aforementioned triangle pattern may signal a change in the direction of the short-term trend, potentially clearing the path to some higher areas. That's when we will consider our Upside Targets 1 and 2.
by easyMarkets
03/20/2023 (Monday) SPY and Market Analysis and Deep Dive into cIn this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities. You can use the links below and hit play to see the progression of these indicators from when I initially published them. Please remember to like and subscribe in You Tube or Follow and Boost In Trading View. The feedback is very welcome also.
TVC:VIXLong
by Markets-Sniper
AAPL's Inverted Head and Shoulders: Breakout? Laugh? Caution?Our good friend, Tommy, has been closely watching Apple Inc. (AAPL) with his hawk-like vision and a pinch of dry humor. He recently spotted an interesting technical pattern on the stock chart: an inverted head and shoulders. Tommy believes that if this pattern confirms a breakout, AAPL could rise to $168 before experiencing a more significant downward move closer to $120. Let's dive into the details and explore the importance of the $156-$157 level, while keeping in mind that a healthy dose of humor can't hurt. Inverted Head and Shoulders: A Classic, But Not a Cliché Tommy, ever the keen observer, has identified an inverted head and shoulders pattern on AAPL's chart. This pattern, like a good dad joke, is well-known and well-worn but can still pack a punch. The formation suggests a potential bullish continuation, and if it confirms a breakout, AAPL could be on the verge of making an upward move. The $156-$157 Level: No Laughing Matter As much as Tommy loves a good chuckle, he's adamant that the importance of the $156-$157 level is no laughing matter. This critical level acts as a linchpin for the inverted head and shoulders pattern. If AAPL manages to break above this level, it could propel the stock towards the $168 target, validating Tommy's keen observations. However, Tommy wants to make sure everyone understands the gravity of the situation. If the $156-$157 level fails to hold, it would be like the punchline of a joke falling flat. In this case, AAPL could face significant downside risk, possibly sending the stock spiraling towards the $120 level. Conclusion: Brace for Impact, but Don't Forget to Laugh In conclusion, Tommy's analysis of AAPL's inverted head and shoulders pattern could prove to be a critical insight for traders and investors alike. If the breakout confirms and AAPL surpasses the $156-$157 level, we could see a short-term rally towards $168 before a more significant decline. However, if this crucial level fails, the stock could plummet, and the joke will be on anyone caught off guard. As always, it's essential to approach the market with caution, and proper risk management techniques should never be taken lightly. Remember, while a bit of dry humor can lighten the mood, never underestimate the importance of critical price levels and the potential impact they can have on the market.
NASDAQ:AAPL
by bitdoctor
Mastering the Art of Technical Analysis (Part 6)Advantages of Technical Analysis - Easy to Use: Technical analysis is easy to use and understand, making it accessible to traders of all levels of experience. - Objective: Technical analysis is objective, as it relies on data and mathematical calculations rather than subjective opinions. - Helps Identify Trends: Technical analysis helps traders identify trends, which can be used to make informed trading decisions. - Provides Entry and Exit Points: Technical analysis can help traders determine entry and exit points for trades, allowing them to make profitable trades. - Can be Used with Any Asset Class: Technical analysis can be used with any asset class, including stocks, commodities, and forex. Disadvantages of Technical Analysis - Past Performance Doesn't Guarantee Future Results: While technical analysis is based on historical data, it does not guarantee future results. - Can be Subjective: Technical analysis can be subjective, as traders may interpret the same data differently. - Not Suitable for All Market Conditions: Technical analysis may not be suitable for all market conditions, as some markets may be too volatile or have limited historical data. - Overreliance on Indicators: Some traders may over rely on technical indicators, which can lead to false signals and poor trading decisions. - Requires Constant Monitoring: Technical analysis requires constant monitoring of market data and indicators, which can be time-consuming.
FX:XAUUSDEducation
by JinDao_Tai
Mastering the Art of Technical Analysis (Part 4)Candlestick Patterns Candlestick charts are a popular type of chart used by traders to analyze price movements. They display the opening and closing prices, as well as the highs and lows, of an asset over a specific time period. Candlestick patterns are formed by the arrangement of multiple candlesticks and can provide insights into market trends and potential price movements. Doji A Doji is a candlestick pattern that has the same opening and closing price, or a very small difference between the two. This pattern often indicates indecision in the market and can be a signal for a potential trend reversal. Hammer A Hammer is a bullish reversal pattern that forms after a downward trend. It is characterized by a long lower shadow and a small body, and it indicates that buyers have gained control and are pushing the price up. Shooting Star A Shooting Star is a bearish reversal pattern that forms after an upward trend. It is characterized by a long upper shadow and a small body, and it indicates that sellers have gained control and are pushing the price down. Engulfing An Engulfing pattern is a reversal pattern that is formed by two candlesticks. The first candlestick is smaller and the second candlestick completely engulfs the first one. A bullish Engulfing pattern forms at the end of a downtrend and indicates a potential trend reversal. A bearish Engulfing pattern forms at the end of an uptrend and indicates a potential trend reversal. Harami A Harami pattern is a reversal pattern that is formed by two candlesticks. The first candlestick is larger and the second candlestick is smaller and is completely engulfed by the first candlestick. A bullish Harami pattern forms at the end of a downtrend and indicates a potential trend reversal. A bearish Harami pattern forms at the end of an uptrend and indicates a potential trend reversal. Candlestick patterns are an important tool for technical analysis and can provide insights into market trends and potential price movements. By understanding the key principles of each candlestick pattern, traders can gain insights into market trends and make informed trading decisions. However, it is important to note that candlestick patterns are not foolproof and should be used in conjunction with other forms of analysis, such as fundamental analysis and market news.
FX:XAUUSDEducation
by JinDao_Tai
Mastering the Art of Technical Analysis (Part 3)Technical indicators are mathematical calculations that are applied to price and volume data to identify potential trading opportunities. They are based on the belief that certain patterns or trends in price and volume data can provide insights into market trends and potential price movements. Technical indicators can be used to confirm trends, identify potential entry and exit points for trades, and to provide signals for when to buy or sell. Moving Averages Moving averages are one of the most common technical indicators used by traders. They are used to smooth out the price data and provide a clearer picture of the overall trend. Moving averages can be calculated using different time periods, such as 50-day moving average or a 200-day moving average. A crossover between a shorter-term moving average and a longer-term moving average is often used as a signal for when to buy or sell. Relative Strength Index (RSI) The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold. Traders often use the RSI to identify potential trend reversals or to confirm trends. Bollinger Bands Bollinger Bands are a technical indicator that is used to measure volatility. They consist of three lines - a simple moving average (SMA) in the middle, and two outer bands that are two standard deviations away from the SMA. The outer bands represent the upper and lower price ranges, and the width of the bands changes based on the volatility of the asset. Traders often use Bollinger Bands to identify potential entry and exit points for trades. Moving Average Convergence Divergence (MACD) The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that uses two moving averages of different lengths to identify potential entry and exit points for trades. The MACD line is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A signal line, which is a 9-day EMA, is then plotted on top of the MACD line. Traders often use the MACD to identify potential trend reversals or to confirm trends. Fibonacci Retracement The Fibonacci retracement is a technical indicator that is used to identify potential support and resistance levels based on the Fibonacci sequence. The Fibonacci sequence is a mathematical sequence of numbers, in which each number is the sum of the two preceding numbers. The retracement levels are calculated based on the high and low points of a particular price movement, and they are used to identify potential entry and exit points for trades.
FX:XAUUSDEducation
by JinDao_Tai
Mastering the Art of Technical Analysis (Part 2)Understanding the Basics of Technical Analysis Technical analysis is a method of analyzing financial markets that relies on studying past market data to identify patterns and make predictions about future price movements. The aim is to identify opportunities to buy low and sell high or vice versa. What is technical analysis and why is it important for traders? Technical analysis is the study of market data, primarily price and volume data, to identify patterns that can be used to make informed trading decisions. It is important for traders because it provides a way to interpret market trends and identify potential entry and exit points for trades. Unlike fundamental analysis, which focuses on the underlying economic factors that influence a security's value, technical analysis relies solely on the price and volume data of a security. This means that technical analysis can be used on any asset class that has a price chart available, including stocks, bonds, currencies, and commodities. Technical analysis can be used for short-term trading or long-term investing. For short-term traders, technical analysis can help identify potential entry and exit points for trades based on the movement of price and volume data. For long-term investors, technical analysis can help identify the overall trend of a market or a specific asset class. The key principles of technical analysis: price action, trends, and support and resistance levels. The key principles of technical analysis are price action, trends, and support and resistance levels. Price action refers to the movement of an asset's price over time, and it is the primary focus of technical analysis. Price action can be analyzed using different types of charts, including line, bar, and candlestick charts. Trends refer to the direction of price movement, and they can be classified as uptrends, downtrends, or sideways trends. Identifying the trend of a market or a specific asset is an essential part of technical analysis, as it helps traders understand the overall direction of price movement. Support and resistance levels are points on a chart where the price has historically tended to stop moving or reverse direction. Support levels are areas where buyers tend to enter the market, as they believe the price is low enough to represent good value. Resistance levels are areas where sellers tend to enter the market, as they believe the price is high enough to represent good value. Different types of charts: line, bar, and candlestick charts. Different types of charts are used in technical analysis, including line, bar, and candlestick charts. A line chart connects the closing prices of an asset over a period of time with a line, providing a simple view of the overall trend. Line charts are useful for identifying the direction of the trend but do not provide much detail about the price movement within a specific period. A bar chart shows the opening and closing prices of an asset, as well as the high and low prices during a particular period. Each bar represents a specific time period, such as a day or an hour. Bar charts provide more detailed information about price movements than line charts, as they show the price range for each period. Candlestick charts display the same information as bar charts, but they use a visual representation of candles to convey price movements. Each candle represents a specific time period, and the color of the candle represents whether the price closed higher or lower than it opened. Candlestick charts provide a more detailed view of price movements than bar charts and are widely used by traders.
FX:XAUUSDEducation
by JinDao_Tai
Mastering the Art of Technical Analysis (Part 1)Technical analysis is an essential tool for traders to analyze market movements and make informed trading decisions. Whether you are a beginner or an experienced trader, mastering technical analysis can greatly improve your trading performance. We will explore the basics of technical analysis, the different types of charts and indicators, and how to use them effectively. Understanding the Basics of Technical Analysis - What is technical analysis and why is it important for traders? - The key principles of technical analysis: price action, trends, and support and resistance levels. - Different types of charts: line, bar, and candlestick charts. Types of Technical Indicators - Moving averages: Simple Moving Average (SMA) and Exponential Moving Average (EMA). - Oscillators: Relative Strength Index (RSI), Stochastic Oscillator, and Moving Average Convergence Divergence (MACD). - Volume Indicators: On-Balance Volume (OBV) and Chaikin Money Flow (CMF). - Fibonacci Retracement and Extension Levels. How to Use Technical Analysis for Trading - Identifying trading opportunities using technical analysis. - Setting up trading strategies using technical indicators. - Understanding risk management and position sizing using technical analysis. - Combining technical analysis with other trading techniques. Technical analysis is a valuable tool that traders can use to make informed trading decisions. By understanding the basics of technical analysis and using it effectively, traders can increase their chances of success in the markets.
FX:XAUUSDEducation
by JinDao_Tai
easyMarkets ASX 200 Daily - Quick Technical OverviewLooking at the technical picture of the Australian index ASX 200, we can see that from around the beginning of February, the index has been trading inside a falling wedge pattern, which could be classed as a bullish indication, especially if the upper side of that pattern gets violated. Today we saw that violation and the index made a strong move to the upside. In addition to all that, the price remains above a medium-term tentative upside support line taken from the low of October 3rd. Although the near-term outlook seems to be more positive then negative, we would still prefer to wait for another push above the 7260 barrier and the 50-day EMA, just to get a bit more comfortable with higher areas. Alternatively, to shift our view towards lower areas, a break of the aforementioned upside line and a drop below the 7110 territory would be required. Such a move would not only break the current medium-term trend but also would confirm a forthcoming lower low. That's when we would get comfortable with examining lower levels. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:ASXAUD
by easyMarkets