Technical Analysis

An effective bitcoin trading method based on volume profile (AKA market profile) Combining volume profile with technical analysis may be an effective trading approach, especially for Bitcoin . When we examine the daily time frame over the span of around 260 days starting in June 2022, please observe that the BTCUSD price rejection at 25,770

The USDCHF is down testing the 200 hour MA The USDCHF has extended to a new session low and in the process is dipping below the rising 200 hour moving average at 0.93619. The low-priced has just reached 0.93584. The last time the USDCHF price traded below its 200 day moving average was back on

The strongest to the weakest of the major currencies The GBP is the strongest and the USD is the weakest as the NA session begins. The USD is lower this week as we work toward the exit for the weekend. The DXY hit a cycle high of 105.359 on Monday and also stalled near a

The major US stock indices are closing higher on the day. Both the S&P and NASDAQ index averted closing below a key 200 day moving average. The NASDAQ index already closed below the 200 day moving average yesterday. However the rise higher today push the index back above that bullish/bearish barometer. A look at the

USD vs the Israeli shekel during demonstrations Several rallies and demonstrations have occurred in Israel in recent years, and the latest disturbances look to be lowering the shekel. While it is difficult to measure the impact of social unrest on currency exchange rates, there are several elements that influence the value of a currency. In

S&P index bounces off its 200 day moving average The S&P index and NASDAQ index are both closing lower in the day. It’s the second consecutive day to the downside for each of those broader indices. The Dow Industrial Average squeaked out a small gain on the day. The S&P index tested its 200 day

On the daily chart below, we can see that the market has switched to a downtrend as depicted by the cross to the downside of the moving averages. The sellers are in control, but the buyers have been fighting quite hard lately as the momentum to the downside has been fading due to the market

Bears have the ball for S&P 500 emini futures: A technical analysis for the last day of February 2023 The S&P 500 Mini Futures experienced a potential bull flag at a price junction, but unfortunately, it did not break out. Instead, it broke down and got rejected in a bearish close for the day. The

On the daily chart below, we can see that the sellers eventually managed to break the key support level in the 0.6850 area. This breakout led to a deeper selloff and the sellers are now eyeing the 0.6629 level. If the sellers manage to break that level as well, then we may see the price

On the daily chart below, we can see that the resistance at the 12274 level held as the strong NFP report sent the market lower. Buyers had a hard time in February as pretty much all economic data beat expectations and made the market to revise higher future interest rates expectations and price out interest

On the daily chart below, we can see that the range between the 33538 support and the 34477 resistance got finally broken and led to a selloff to the 32684 key support level. The current bias is bearish as economic data in February beat expectations and led the market to price in a higher terminal

What exactly is meant by the term “technical analysis,” and how exactly does it have an impact on Meta Stock? Let’s begin by defining “technical analysis” and discussing how it relates to this discussion before moving on to particular methods for assessing and trading Meta sock. Technical analysis is the process of forecasting future price

Forex Trading Strategies for the USD/ILS Pair: Tips and Analysis If you trade foreign exchange, you’re probably constantly on the lookout for possibilities to make a profit from your trades. In this post, we will walk you through the process of doing a technical analysis of the currency pair USD/ILS, as well as provide some

EURUSD moves toward lower channel trend line The EURUSD moved above a channel trend line in the Asian session – helped by sideways and modest corrective price action. However, the break was short-lived, and the topside trendline started to see sellers leaning against it as the price wandered lower. That wander, transitioned to a run

S&P index hold support against its 200 day moving average The major US stock indices are seeing a bounce higher. The comments from that Bullard were less hawkish. As Adam points out if there’s a Fed official who would push towards 6%, it would be Bullard. However, he is not. Also helping is that the

USDCHF tests the swing high from January The USDCHF is stretching to the January and 2023 high at 0.94069. The price just reached 0.94058. There is some symmetry in the daily chart for the year. The move to the downside from the high took 19 days. The move back to the upside in February is

On the daily chart below, we can see that the price has clearly broken the 1.07 support zone and it’s now approaching the 1.05 handle. The whole move up from 1.02 to 1.10 in the past few months was diverging with the MACD. Generally, when the price breaks the trendline that was supporting a rising

AUDUSD bounces off the 38.2% and back above 200 day MA In an earlier post on the AUDUSD (and in the video for the day), I spoke to the breaking of the 200 day MA and the next target at the 38.2% at 0.67798. Unfortunately for the sellers, the 38.2% stalled the fall. The low