Get started

Trading

Apple easing back from its one-year downtrendI suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA
USDJPY: 4H-D Technical OverviewHello traders! I hope you are all doing well. In this video, I am excited to share with you a detailed analysis of USDJPY on the Daily and 4H timeframes. On the Daily timeframe , we are currently experiencing a strong uptrend (same as Weekly) and the price appears to be developing a complex pattern before resuming the bull run. We will need to exercise patience and wait for this consolidation to finish. Meanwhile, on the 4H timeframe , we anticipate the price to make local higher highs, potentially reaching one of the two areas highlighted on the chart (FVG/4H bearish OB zone). Once this happens, we will be on the lookout for a reaction that could lead to a potential sell setup. I will be keeping you updated on any new developments in the comment section below, so stay tuned! As always, I urge you to trade safely and not over risk. Remember to exercise patience and wait for the pattern to fully develop before making any decisions. Thank you and happy trading!
by financialflagship
Midweek Review - Where to from here? Hey there, so far it's been a slow week, however with very important US and UK economic data releases lining up we could be getting ready for some interesting moves. So see how these moves could possibly affect the markets this week be sure to watch our midweek review and: - Get an overall view of the major pairs along with the possible outcomes. Which means you will be a step ahead of the markets as the data gets factored in leaving you to line up your positions accordingly. - See how you could potentially get a decent runner on Gold and up until were you can trade it, allowing you to plan ahead and take advantage of the current market structure. - Learn what economic events is lined up for the rest of the week and how it could possibly impact the markets moving forward.
by DeanMuller
Bitcoin setting up for a new continuation?Today’s focus Bitcoin Pattern Trend Continuation Possible targets 31,000 – 31,700 – 32,000 Resistance 30,500 Indicator support – EMA solid up slope CCI close a to 0 bounce After a solid pullback to start the week, buyers charged back into Bitcoin on Tuesday, pulling back all of that session's losses. It was a solid move that kicked into gear once sellers broke 30,000 to the downside. Despite the bullish push, buyers where once again stopped at the 30,500 area. Today sellers remain in control, but we are wondering if they can regain control and make a new push at resistance. A test and break could set up a new trend continuation trigger, and we would like to see this year's high and above tested if that happens. The EMA continues to support the trend with a solid slope upwards, and the CCI came close to testing the 0 line. We would like to see the CCI move back into the oversold with a new move higher, but price is the prime focus in confirming the move. If price moves back below 30,000 today or tomorrow, this would be a worry, and it could show buyer momentum might not be that strong. We would prefer to see yesterday’s high broken today. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSDLong
by Eightcap
Gold Triple whammy of resistance likely to provoke profit takingIn the gold market, the 2022 high, Fibonacci extension, and top of a 12-year up channel at 2070-2100 are expected to act as strong resistance levels. This could lead to some profit-taking among traders. The divergence of the daily RSI is already indicating a loss of upside momentum and I would recommend tightening up stop levels. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XAUUSD
by The_STA