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Are the type of technical analysis used in crypto market’s charts same as Forex and Stocks markets?
There are different types of technical analysis and I’m totally new to this field. I haven’t been in any market before. I want to learn how to do different types of technical analysis. Do you think a course teaching technical analysis for Forex would be useful for charts in Crypto market?
Learn to Trade. Join our community of active traders and investors that use charts to make better informed decisions. Something to learn everyday. Stocks, Options, Futures, Forex, Crypto, and technical analysis. For educational purposes only. No pump and dump. /r ChartsThatMatter
@binance: Want to improve your chart-reading skills? Trend lines are one of the most basic tools in technical analysis, but still provide useful information when reading price charts. https://t.co/wNzSW92t0K
Not that we care about technical analysis here, but... A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level.
• CADCHF- Bearish week last week should be followed by a bearish trend this week. I expect some pullback. MACD and Momentum are both bearish. RSI is in an extremely oversold territory. Stochastic is still showing signs of a bearish trend. Caution though it is in a very oversold zone as well • CADJPY- We were stuck in consolidation last week. I’m expecting a break from this consolidation this week. The question is what direction? I’d say the trend continues. Trends more times than not continue. MACD and Momentum are both bearish. Momentum is starting to head back up. RSI is exiting oversold. Stochastic still looking bearish but take caution it is inside an oversold range. • CHFJPY- Very Bullish trend last week. Should continue hopefully to the 148.5 range. We shall see. MACD and Momentum are both bearish. Momentum starting to rise. RSI just crossed above 50 becoming bullish. Stochastic still shows bearish. • EURAUD- has been stuck in a range for a while now. Looks to be at the top of the range. I’m expecting a little more movement up to complete the range than movement down toward the middle of the range again during this week’s session. All indicators are bullish with nothing noteworthy. • EURCAD- The most bullish daily trend yet. I expect some sort of pullback this week followed by a more bullish trend. I don’t even have to look at the indicators to know they all signal bullish. RSI and Stochastic in the overbought range of course. • EURCHF- Also stuck in a range but this time the range is getting tighter. I am predicting if this breaks out it will be towards the bearish side. All indicators are on the bullish side but very close to their respective cross points. Stochastic is in the 70s but looking to continue to rise. Take caution on this one. Very unpredictable. • EURGBP- This is another one that is stuck in a range. This time we find ourselves at the bottom of the range. All indicators in the bearish zones. Stochastic is in a slightly oversold zone. Looking for a return in the middle of .87 • EURJPY- At first glance looks to be in a range. The current price pattern looks similar to a past pattern where the price rose then pullback into this ugly range that seems to go bearish and then pops back up to be a bullish trend again. So I’m looking for a return to a bullish trend. MACD and Momentum are both bearish while RSI shows bullish signs after just crossing the 50 lines. Stochastic looks to be going bullish as the main crosses signal going up towards the 50 lines as well. • EURNZD- Slight bearish trend last week after the jump at the start of the week. I’m expecting this one to reverse. All indicators are bearish. Momentum and RSI trending up. Stochastic main just crossed above signal. • EURUSD- Bullish trend from before seems to stop last week and consolidate. Looking for a break of high on the daily chart and a continuing of the bullish trend. Take caution though indicators are hinting at a bearish trend appearing. Momentum trending down. MACD flattening out. EMA 20 crossing above EMA 200 is a very bullish signal. RSI is just below an overbought zone. Stochastic is inside overbought also with the main crossing below the signal recently making another bearish signal. • GBPAUD- broke above the range last week and looks to be making a possible bullish trend. I’ll keep my eye on this one for sure. All indicators are bullish. Stochastic just leaving overbought and main looking to cross the below signal soon. • GBPCAD- This one has had such a beautiful bullish trend. I love it. Take caution what goes up may come down. I’m looking for a pullback for entry. Bet you didn’t guess all the indicators are bullish. Caution RSI and Stochastic are both in overbought zones. Also main is looking to cross the below signal. • GBPCHF- A very ugly tight range all last week. I hope for it to break yet I doubt it. I expect a return to a lower portion of the range 1.102 area. All indicators are in a bullish zone. Stochastic is overbought and the main looks like it want to head below signal. • GBPJPY- Well once again another ranging pair. This one is at the upper middle part of the range. A little more upward movement to reach the top. Hard to say if it will complete the range and go up or if it will return to the lower range zone. I’m leaning more toward going up near 172. All indicators are bullish. • GBPNZD- Zooming out you’ll see we are at the bottom portion of the range. This one might not get much movement due to the current range being very tight. If this breaks the tighter range then it could return to the top of the larger range somewhere near 2.035. All indicators are bearish with Momentum and RSI trending up. • GBPUSD- Bullish trend has been going strong with a recent pullback. I’m expecting this one to break highs and continue a bullish trend. All indicators were bullish except the main line which crossed below the signal line. Momentum trending down. Stochastic is also overbought. Eyes on this one. Sorry for the late release. I hope y’all enjoy this insight. Please remember this is not finical advice but for entertainment purposes. Do your own research and make your own judgments. Trading is a risky action that will occur losses.
AUD Forex Pairs • AUDCAD- Daily charts are currently bullish. Possible pullback or consolidation to come but overall bullish. 20 EMA above the 200 EMA signals bullish, MACD levels currently bullish, Momentum is bullish, RSI bullish but inside an overbought zone, and the slow Stochastic has a tight spread plus bullish but inside an overbought zone. • AUDCHF- Currently stuck in a range between .645 and .6275. Expecting possible continuation of bullish movement until reaching the top of the range. Caution may just range back down. EMA 20 below 200 signaling bearish. MACD is moving sideways just under zero making it bearish but not strongly. Momentum is up trending and just crossed 100 signals possible bullish activity continuing into a trend. RSI below 50 could represent a bearish analysis but with further observation, you’ll see it has been ranging below and above 50. Stochastic is just under 50 with the main crossing signal line. • AUDJPY- The week started bearish moving into a pullback later in the week. This one is hard to say what will come. This could be a pullback and we continue bearish but I’m suspecting this is just a dip below 200EMA and now that we have returned above we may just stay sideways or become bullish. Looking to return to somewhere near .937. 20 EMA getting tighter with 200 EMA could mean sideways trading. If we zoom out we can see a very large range over a very period but plenty of small trends to trade. MACD is bearish. Momentum is bearish. RSI just missing the cross above 50 is still bearish for now. Everything about the Stochastic is bearish. • AUDNZD- lots of consolidation last week to possibly put an end to the bearish trend. I’m not sure what to expect this week tho. I lean towards the trend continuing in a bearish direction. With that said taking caution could reverse. MACD is bearish. Momentum pushing towards bullish but still in a bearish zone. RSI is bearish but in the oversold zone. Stochastic running bearish but in the oversold zone. • AUDUSD- last week was a little choppy with a beginning-of-the-week drop followed by a bullish trend. The bullish trend failed to break highs. This could signal a weak trend. I am expecting a drop to the .667 range. MACD is bullish. Momentum pointing down but still within the bullish zone. RSI moving down but still bullish. Stochastic has crossed out the overbought zone and the main has crossed under the signal. In a bullish area but giving bearish signals.
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