ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?

2022-08-05

BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move.

See also
Bitcoin traders are battling it out in the short term. Find out why in this video.
https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/

ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside?
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2022-07-27

The FOMC decision will be announced at 2 PM ET with expectations for a 75 basis point hike (see Adam’s preview HERE)..

Rate decision days can be a long drawn out affair between the rate decision and the press conference that lasts an hour. That time and running headlines can cause additional market volatility. Traders have to decide if they want to take on that additional risk.

Those that do, need to fully understand the bias defining levels that would tilt the momentum in the direction of the bulls or bears and use those levels to their advantage.

In this video, I outlines the key levels in play for the EURUSD, USDJPY and GBPUSD — the 3 major currency pairs vs the USD.  Traders can use them to define and limit risk as well as fully understand the bias that is controlling the

2022-07-24

In this video, Greg Michalowski of Forexlive.co;m, takes a look at the technical driving the forex markets for the week starting July 25,2022

2022-07-21

The ECB rate decision has pushed the EURUSD higher. WHat is in play for that pair and what about the GBPUSD and the USDJPY too

2022-07-18

Profit takers seem to be waiting at the resistance line shown in the video and the Russell futures may sell off till the value area high of the range or the EMA20.

2022-07-11

When two currencies approach currency parity, a single unit of one may be exchanged for a single unit of the other. €1 buys $1. As the market is setting itself up for EURO and USD parity, we look at price levels to scale in for a possible Long and fade the recent move down, anticipating a rebound, even a partial one, that can offer an attractive reward vs risk ratio.

More at ForexLi ve https://www.forexlive.com/technical-analysis/eurusd-technical-analysis-and-trade-idea-close-to-parity/

Get creative trade ideas at https://www.forexlive.com/technical-analysis

2022-07-05

The Russell sold off in the first half of the day, all the way to the Value Area Low of the presented volume profile, and then staged a V shaped recovery (4 hour candles), reclaiming the shown channel. Some trade ideas are suggested. See the full technical analysis including a view of the Russell Futures since 2017 at https://www.forexlive.com/technical-analysis/russell-futures-anlaysis-05-july/

2022-07-05

Bias continues to be bullish, following our analysis yesterday for the Nasdaq futures. We offer a trade idea to consider based on the volume profile, the past days’ candles and a possible measured move.