Opinion: DOGE Coin to 24.5 cents. 136% profit potential

2022-12-04

What levels are in play technically. What are the major bias and risk defining levels.

In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD:

EURUSD (5:51)
USDJPY (10:13)
GBPUSD- (13:18)
USDCHF (16:42)
USDCAD (18:21)
AUDUSD (19:52)
NZDUSD (22:53)

2022-11-30

The major currency pairs are settling and waiting for the Fed Chair.

The major currency pairs are seeing some mixed price action, but with the pairs like the EURUSD, GBPUSD and USDJPY trading between their 100 and 200 hour MAs. That is indicative of a market that is awaiting the next shove. That shove may come from the Fed Powell’s speech later today at 1:30 PM.  Will the Fed chair tilt to a more dovish bias or keep his relative hawkish bias from after the last FOMC decision.  

IN this report Greg Michalowski of Forexlive.com takes a technical look at the EURUSD, USDJPY, GBPUSD, and the USDCAD (which has its own story to describe it’s price action of late this week).

2022-11-28

I like to look for a ‘story’ that a chart tells me (in my opinion) and also follow charts in hindsight to learn where those stories developed, where there were hints on the way, etc. For example, if there was a failed breakout up, bulls are trapped, and will be disappointed, which hints on more down. Or if a key level was almost tested but market is still indecisive or weak, that it will probably be retested again.

Markets love to poke around and test various key levels, usually more than once.

One should be careful when doing the above on timeframes that are too low, but doing that on a daily timeframe is fine, usually (there is never an ‘always’ in this game, you gotta live with the doubt and uncertainty embedded into everything we see and whatever we decide to do).

Last but not

2022-11-24

The following shows a speculative and unconfirmed channel, since confirmed onces must have at least 2 touch points on each lower and top band of the channel. However, this is one method of ANTICIPATING the next junction to watch, assuming other traders and algos will be looking at that possible touch point and channel and it is created, if it will be created.

Till now and since our last call, via the comments are on ForexLive.com (do follow the comments on each post, as they may introduce interesting price action developments and technical setups), the market is still bullish. Will it lose steam soon? Watch the video and look at what happens on the next junction, as well as follow https://www.forexlive.com/technical-analysis

2022-11-17

A technical look at 4 major currency pairs to start your trading day.
In the morning forex technical report, Greg Michalowski of Forexlive takes a technical look at the price action impacting EURUSD, USDJPY, GBPUSD and the USDCAD in early North American trading. What next?

Get in synch with the market and the technicals as they help define the bias and the risk for your trading.

2022-11-13

2022-09-11

This article analyzes ethereum’s price against the dollar on September 11. The full analysis is at https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-trade-idea-20220911/

Daily time frame channel bull flag. Green arrows in the video indicate the lower frequency band, while red arrows indicate the higher.

Cryptocurrencies are recovering alongside the stock market. Even temporarily, it’s tradeable.

Since the recent rally is no longer in its early stages, finding a good trade idea is difficult.

I’ll give you one anyway. Get filled at a lower price and then make a 2:1 Long trade.

Traders set stop losses near the daily 20 EMA. Institutions want to stop by, so we’ll fill our order there.

Minimum purchase: $1636.42. This trade has a 2-1 risk-to-reward ratio with a