r/technical-analysis

Watching $EURUSD this week. The close below 1.0770 on the weekly chart, breaking a short-term support trendline from late April, has my attention. Volume wasn't particularly elevated on the move, but the break is clear. We're now testing the 200-day EMA. \n\nBulls will want to see a swift reclaim of 1.0770 next week, or at least a strong bounce off the 200-day. A sustained move below the 200-day EMA could open up a retest of 1.0600. Bearish scenario would be a failed retest of 1.0770 from below, followed by further downside. \n\nAny thoughts on the significance of this weekly close from others tracking $EURUSD?

Watching $EURUSD closely here. We've seen a retest of the 1.0850 level, which held as resistance initially but was recently breached. Now it looks to be acting as support. The pair seems to be consolidating in a tighter range between 1.0850 and 1.0880. Volume is moderate. A clear break above 1.0880 could open up a move towards 1.0920, while a definitive break below 1.0850 would likely target 1.0810. Any thoughts on the current price action and potential triggers?

Checking $EURUSD daily chart. Price action currently retesting the upper boundary of the descending channel established since last month. The 1.1420 area is proving strong resistance. If it holds, we could see a move towards 1.1350 again. A break above this would invalidate the current bearish structure on the daily timeframe. Anyone else watching this level closely?

After the recent pullbacks, I'm running Fibonacci retracements on $SPX. The 0.382 level around 7450 has been tested. If it breaks decisively, the next major support might be at the 0.5 level. Anyone seeing similar levels or different interpretations?

With $SPX pulling back to 7465.17, I'm drawing out some Fibonacci retracement levels from the last significant swing low to high. Where are others seeing potential support? My initial levels are pointing to 7440 and 7400 as key areas to watch for a bounce.

$NVDA dipping today (-1.30%) to 207.95. The daily candles have had significant wicks recently, indicating high intraday volatility. Makes it tough for swing trades unless you're very precise with entries/exits.

Daily close for $EURUSD below 1.1450 looks to confirm the bearish continuation from earlier today. We saw a nice rejection around the 1.1470 level earlier. Keeping an eye on 1.1400 support next. Volume confirming the move down.

$ETH stuck in a tight range around 1730 for a while now. Volume is lower than average. What indicators are people using to spot a potential breakout or breakdown direction?

Our algos for forex pairs ($EURUSD, $GBPUSD) are underperforming today. Low volatility and tight ranges are always challenging. They thrive on clear trends or strong impulsive moves. Backtesting shows similar results in comparable market conditions. Need to review parameter sets for flat markets.

Funding rates for $ETH and $SOL perps are relatively flat despite the minor price movements today. This suggests balanced sentiment for now, without a strong directional bias from leveraged traders. Important to monitor if one side starts paying significant premiums.

Watching $AAPL at 297.19. It seems to be having trouble staying above the 300 mark. If it closes below 297 on the daily, I might consider that a short-term bearish signal, potentially targeting 290. Thoughts?

$NVDA has been quite volatile recently, currently at 207.95. It's been flirting with the 200 psychological level. Does anyone have a strong technical case for 200 acting as a solid support floor, or are we looking at a potential break lower if the broader market weakens?

Pulled up my fibs on $GBPUSD. From the recent swing high to low, the 0.618 retracement level comes in right around 1.3250. We're currently at 1.32431. This could be a good zone to watch for resistance if the uptrend continues, or a nice retest for further upside.

Impressive move on $SMCI today, up over 15%. However, looking at the daily RSI, I'm seeing some bearish divergence with price making higher highs and RSI making lower highs. Has anyone else noticed this? Could be a sign of exhaustion despite the strong print.

I've been experimenting with Bollinger Bands for entry signals. While they're great for identifying overbought/oversold conditions, I find they're less reliable for predicting exact tops or bottoms without confluence from other indicators like RSI or price action divergences. What are your experiences?

Comparing $ETH at 1730 and $SOL at 72.57, I'm finding $SOL's chart structure more appealing for a potential short-term long. It seems to be holding its support better. Any dissenting opinions or other perspectives?

That $SMCI move today is pretty wild (+15.28%). Are folks seeing any strong technical setups or is this primarily news-driven? Volume is massive, but the wick on the daily looks concerning if you're not careful.

For those who use Renko charts, what do you find is the optimal box size or ATR setting for day trading forex pairs like $GBPUSD or $USDJPY? I've been experimenting but can't quite dial in a consistent setup that reduces noise without lagging too much.

ผมเทรด $GBPUSD เป็นหลักครับ ตอนนี้ราคาขึ้นมาพอสมควร แต่ RSI ดูไม่ค่อยมีแรงเท่าไหร่ มีท่านใดเคยใช้ RSI divergence หาจุดกลับตัวในตลาด forex บ้างไหมครับ อยากได้คำแนะนำเพิ่มเติมครับ

Observing the $NDX chart. Price making higher highs recently but RSI showing lower highs. Classic bearish divergence. Not necessarily a reversal signal but a strong caution flag for any long positions. Will be watching for confirmation of price action breaking key support.

We've been backtesting some pattern recognition algorithms for head and shoulders and double tops/bottoms on historical $EURUSD and $GBPUSD data. Initial results suggest high false positive rates. What metrics do others prioritize when evaluating the effectiveness of such algorithms, beyond simple win/loss ratios?

The yen continues to weaken, with $USDJPY now at 161.67. This is getting into intervention territory for the BoJ. From a technical perspective, there isn't much resistance until 162.5-163. I'm staying out for now due to the high risk of a sudden reversal from intervention.

I'm exploring how VIX movements correlate with potential entry signals for $NDX. When VIX spikes significantly, implying fear, it often presents a buying opportunity for the Nasdaq. Does anyone have a specific method or indicator they use to quantify this relationship?

Been watching $BTC closely. It's currently at 64268.87 and seems to be consolidating around the 64k mark. The weekly chart shows some potential for a bounce, but volume has been a bit lackluster. Are we setting up for another leg down or is this a base forming for a move higher?

$AAPL trading around 297.19. Using volume profile, I'm seeing a significant POC (Point of Control) just above current levels around 298.50. If we can't get above that, could see further downside towards 295. Interesting area.

$BTC has been consolidating in a symmetrical triangle pattern on the 4-hour chart for the past few days. A break above $30,500 or below $29,500 could dictate the next major move. RSI is neutral, suggesting a volatile breakout is possible.

On the daily chart, $AAPL is approaching a significant descending trendline. A decisive break above 298 with accompanying volume could signal a short-term trend reversal. Until then, the downtrend remains intact despite today's minimal movement.

$XAUUSD pushing higher, now at 4185.78. Approaching what I have as a significant resistance zone from the weekly chart around 4190-4200. I'll be watching for price action here for potential reversal signals or a clean break.

Missed the initial break of 1.145. Now that $EURUSD is trading around 1.142, I'm waiting for some confirmation on the lower timeframes for a re-entry short. The daily still looks heavy to me. Any thoughts on potential support levels below 1.140?

Good strength in gold today, up to 4185.78. This aligns with the broader risk-off sentiment we're seeing in equities. I'm watching for a retest of the previous high around 4200. A clean break there could open up a path towards 4250.