All CFD instruments are subject to technical analysis, including Forex, stocks, and cryptocurrencies.

[CherryZiver 40]

Greetings, fellow traders.

I'm going to present a Special Technical Analysis for the New Year 2021. Trade all of your favorite CFD instruments risk-free, including Forex, stocks, cryptocurrencies, commodities, and indices.

8 simple moving averages are used as indicators (Blue 8 SMA).
The simple moving average is 55. (Red 55 SMA).
MACD (moving average convergence/divergence) (12,26,9).
RSI (Relative Strength Index) (14).

The following are the rules:

Long trades: The price should be above the two simple moving averages (SMAs).
The Blue (8 SMA) should be higher than the Red (55 SMA).
The RSI should be above the 60 level.
The MACD should be greater than zero.

Short trades: The price should be lower than the two SMAs.
The Blue (8 SMA) should be lower than the Red (55 SMA).
The RSI should be below the 40 level.
The MACD should be less than zero.

Please keep in mind that I use them flexibly and according to what I perceive to be the overall context.

[CherryZiver 40]

GOLD: On December 23rd, an analysis was performed.

Long trades occur when the price rises above the two simple moving averages (SMAs).
The Blue (8 SMA) is located above the Red (55 SMA).
The RSI surpassed the 60 level.
The MACD is above the zero line.

Resistance: 1885-1900-1915
1870/1855 as a supporter

Long at support zones is a good trade idea.

And...

 

[CherryZiver 40]

Today's Technical Analysis: USD/CHF

Short Positions:
The price is below the two simple moving averages.
The Blue (8 SMA) is located beneath the Red (55 SMA).
The RSI fell below the 40 level.
The MACD is below the zero line.
0.8800/0.8860 as resistance
0.8740/0.8680/0.8620 as support...

Short at resistance zones is a good trade idea.

[CherryZiver 40]

Today's Technical Analysis: USD/CHF

Short Positions:
The price is below the two simple moving averages.
The Blue (8 SMA) is located beneath the Red (55 SMA).
The RSI fell below the 40 level.
The MACD is below the zero line.

0.8800/0.8860 as resistance
0.8740/0.8680/0.8620 as support...

Short at resistance zones is a good trade idea.

[Chimpantzer 23]

Excellent work, bro!!!
And, in terms of your take profit and stop loss, would you use atr or macd?
Tks

[CherryZiver 40]

Hello, Chimpantzer.

Because this is a technical analysis, I do not recommend setting TP/SL levels. Each trader has his or her own account size and risk management, so the trader uses a free-trading style to maximize profits.

Best wishes.

[SteelQuiet 48]

How long have you been trading under these conditions?

[CherryZiver 40]

Hello, SteelQuiet.

Please keep in mind that I use them flexibly and that, depending on the overall context, I do not always strictly adhere to these rules.

[CherryZiver 40]

Today's technical analysis: BTCUSD
38k/42.5k/47k as resistance...
33.5k/29k in support

Long at support zones is a good trade idea.

[CherryZiver 40]

Today's Technical Analysis: GME (GameStop) TECHNICAL EXAMINATION
350/450 is the resistance.
250/150/50/50/50/50/50/50/50/50/50 Short at resistance zones is a good trade idea.

It's game over!