Mastercard is Up for the 4th Day in a Row

The Hourly View for Mastercard

  • At the moment, MA’s price is down $-1 (-0.29%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Mastercard has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Mastercard. Given that we see downtrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the time of this writing, MA’s price is up $0.88 (0.25%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Mastercard has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 20 day changed directions on MA; it is now pointing up. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between MA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MA’s price.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled EUR/USD you may find interesting:

Come sempre bisognerebbe definire i Time frame degli investimenti , ho considerato un time frame medio lungo quindi ho preso in esame un grafico Monthly cio√® ogni barra e’ un mese di negoziazioni , devi sapere piu e’ lungo i time frame meno disturbo abbiamo, ma come evidente un’analisi di medio lungo periodo non tiene conto delle oscillazioni di prezzo orari giornaliere e settimanali . Per poter approfittare dei piccoli movimenti l’analisi dovrebbe essere ridotta andando a trovare livelli piu propri per un trading giornaliero , ma questo richiederebbe un impegno di ore davanti al monitor.Allora diciamo che dal Luglio 2008( 1.603) il USD ha lentamente guadagnato verso il nostro EUR quindi dal quel anno e’ iniziato un downtrend arrivando fino al Gennaio del 2017…

LuigiMazzettidiPietralata