Well, as you can see, yesterday in the 4-hour time frame, we saw the first and most important bearish signal with the opening of the New York market, and the price started to fall exactly from the $ 1830 range, and so far it is in the $ 1790 range. It has given us a return more than 400 pips. If $ 1785 support is broken, the next targets are $ 1777 and $ 1765. ...
Gold has traversed the vacuum zone below and tested 1795 yet again, exactly as we have anticipated. From here, we got a nice pivot, and are currently in the middle of the value area between 1795 and 1815. From here it could go either way, but safe haven outflows may suggest we test lows again at 1795, the cluster of levels in the 1780's or 1777. The Kovach OBV...
NASDAQ:NDX Nasdaq had a 3% fall on Jan 5, 2022. The fall is still well within the upward channel. The strong support line of the upward channel is supported 5 times in post corona uptrend. The crucial support zone for Nasdaq 100 is shown as grey box area. Break to the 21 months old post corona uptrend can be confirmed once this grey box is broken downside...
TREND REVERSAL CONFIRMED ON THE DAILY CHART !!! Price action, acceleration upside move, seen over the last couple of days confirmed the trend reversal, calling for higher levels.(Pullback failure attempt) Indeed, the former daily downtrend line resistance has been broken and has also been confirmed by the Chico.span price action. RSI above 50 @ 69 Only a...
Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in...
The DXY has recovered the 96 handle but is currently testing support at 96.00. We peaked at 96.44, our exact level to the tick, where a red triangle on the KRI confirmed resistance. We have already seen support at 96.00, so it is reasonable to expect this level to hold, but if not, 95.82 is the next level down. If we are feeling out the lower bound of the range...
Bonds have tumbled off soaring yields. Rising inflation seems to be one of the key drivers, along with paradoxically increasing risk on sentiment in stocks, as the indexes are testing new highs again. ZN smashed through support in 130 handle. We saw absolutely no support from 130'00, the final barrier to the 129 handle, and even less from 129'26, the first...
First 2022 trading day, triggered, yesterday a nice move; indeed, we say, on a daily basis, three important things : 1) breakout of the daily clouds resistance 2) Crossover of the Tenkan-Sen 3) Chikou-Span crossover of cluster Still one resistance level to break which is the ongoing downtrend line resistance and the former highs, respectively @ 1.7050% and...
Surprise rate hike! The Bank of England (BoE) delivered an interest rate hike of 0.15% during their monetary policy announcement last Thursday. Out of the nine committee members, eight voted for a rate hike while one voted for rate to remain unchanged at the previous 0.10%. All nine members voted for no change of corporate bond purchases at £20 billion and UK...
We are going to look at the weekly and daily time frames. WEEKLY (W1) Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area. RSI below 50, @ 47'98 This Dark Cloud Cover pattern neutralized the...
Bonds have picked up as stocks have sold off due to increased risk sentiment. We have edged up to 131'02, the technical level we discussed yesterday. The Kovach OBV has picked up significantly, but is starting to level off as ZN finds value in the low 131 handle. We are gradually trekking up in a zig zag pattern, but will face resistance at the next technical...
Gold dipped sharply finding support exactly at our levels. First, we saw support at 1759, then the lower wick of the selloff on the 30 min chart touched 1753 exactly, before a massive bid took us back to the 1780's. As anticipated, 1795 remains the max upper bound for gold, and we are currently finding resistance at the level just under this at 1789. We are...
Doubling the pace of QE tapering The Federal Reserve ended its final monetary policy meeting for the year with a bang. While holding interest rate unchanged at the target range of 0-0.25%, the central bank doubled the pace of quantitative easing (QE) tapering from the current $15 billion ($10 billion of Treasury securities + $5 billion of agency mortgage-backed...
There is a meme among traders that discovered markets due to crypto that they have no use for the old stock market. That's just for Boomers after all! Due to the low interest rate credit market cryptocurrency is interest rate sensitive . That is why on days like today the evidence is clear that hawkish/dovish interest rate speculation drives all risk assets ;...
DXY just broke to the upside out of a bull flag and did a S/R flip. This is correlated to the FED news last week and last week. BTC broke to the downside when the FED news came out. I have my buy zones no matter the outcome because as an investor I am focusing on projects to disrupt the world. As a investor I am focusing on the long term 2024-2030. But it is...
BITSTAMP:BTCUSD price flow chart, when compared with TVC:US10Y bond yield chart for 2021 indicate; Bitcoin / Crypto should not be too fearful of a) the outcome of Fed accelerated tapering move b) rising inflation c) rising bond yield
Last week price action triggered an "Harami" pattern, which is likely to trigger further sideways price action over the coming days ! Indeed, usually such kind of pattern, following a long black candle is normally bullish if the last candle is very small in comparison with the previous one, which is not the case now as the last weekly candle is pretty "big"...
Bonds have continued their slow decline trough support at 130'07 and are hovering just above 130'00. We are starting to see support form in the middle of the vacuum zone between these two levels, confirmed by two green triangles forming on the KRI. Both Kovach momentum indicators have dropped precipitously, which might indicate that we are staring to become...