Bulls pushed price through the downtrend line and the 50-day SMA, but these gains look precarious. Watch to find out more
On Tuesday, Gold was about flat to $1711.3, the yellow precious metal was below its 20D MA (@ $1770) & below its 50D MA (@1813), the 14d RSI below (26.18) indicates gold was over sold, while the precious metal has been consolidating for the past few days despite the fact we have seen weakness in the dollar index. Here we can see clearly the latest news for Gold, &...
Hi friends, I hope y'all are having a profitable week ;) Today, we have a long-term buy trade on this baby. This trade is derived from the monthly time frame that has a huge bullish head and shoulder pattern that has its current price running in the L1 (small consolidation) and above the 200 m.a and short-term m.a's that are bullish crossed and retested. Having...
High possibility to reach "Median Line" after breakout of constellation #BEARISH FX:EURAUD
Whether it be a Symmetrical Triangle, Busted Ascending Channel or larger macro bottoming formation, Bitcoin is still proving difficult to read! So far as the the Pi Cycle goes it is interesting but needs more time to see its value as it could be the result of "Curve Fitting" as described in the link below and perfectly explained by Alessio Rastani. Curve...
I like trying out different indicators, searching at random to see what clicks. This " Honey Cypher " indicator is a recent favorite. I've circled the fractals on a 19H chart. Two consecutive dips on the Honey Cypher chart, where it does not break above the 0 mark, precede a rather large dip on the price chart. The magnitude of the price chart dips also seem...
EUR/GBP broke under a near-term rising trendline from April back in early July. While the Euro weakened after the breakout, it seems that the single currency is trying to make a comeback. Prices were unable to break under the 100-day Simple Moving Average. This means the Golden Cross with the 50-day line is still in play. Breaking above the 50-day line from...
EURUSD managed to rise 1 more range to the 1.01856 - 1.03425 area and the price is currently consolidating at its 100 MA. The uptrend is still visible but there is a possibility that this consolidation will last at least until MA8 makes a golden cross with MA100 and confirms the uptrend. Congratulations on yesterday's profit. As usual, we will see the next...
AUDUSD AUDUSD rose drastically through yesterday's resistance at 0.68539 and immediately reached resistance 0.69014. The price probably will make a correction today to MA8 which is also the new support at 0.68539 while waiting for the golden cross between MA20 and MA100 which will confirm the uptrend in AUDUSD. Congratulations to yesterday's TP. As usual, we...
The NASDAQ finally broke the ascending triangle into the range 12211 - 12441. Make sure a break of this resistance is not a false break by looking at the direction of the price correction on the NASDAQ today because yesterday's increase was an instant increase. If this break is validated, with the MA pattern showing how strong the uptrend is, the NASDAQ might...
After correction to the MA20, DOW continued its uptrend according to yesterday's analysis and managed to break resistance 31756 this morning. Of course, with an instant increase, today the DOW is likely to make a fairly steep correction to its MA8 which is still in the range 31317 - 31756. The MA that is getting higher and higher indicates that the uptrend is...
GBPUSD It's a shame that GBPUSD didn't pick up our prices yesterday before leaving for TP. GBPUSD is still observed in the range 1.19144 - 1.20102 after making a false break on the resistance which is also the MA100 yesterday. MA8 which is increasingly clamping down on the price of Cable makes this pair have to determine its maximum direction tomorrow so that the...
Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. A quick look at Ethereum / ETHUSD / ETHUSDT for the near term. From the 3D timeframe, the technical indicators are showing bullish . Keep in mind that...
Watch ADA for a daily close above the MA 50. This should expose MA 200 (above $0.80). With a first target of $0.60 Good Luck
Procter & Gamble (PG) fell sharply two months ago. Now, after a rebound, it could be struggling. The first pattern on today’s chart is the big drop on May 18 after Target’s (TGT) weak quarterly report hammered retailers. PG rebounded toward $149 before making a new 52-week low under $130. It then retraced most – but not all – of the drop. The result was a...
Bull trap complete, we expect a brief pullback to the low liquidity zone of this compressive triangle and even an attempt to break down if everything continues as in this published analysis, we must remember that fear spikes are coming in traditional markets next month with the FED interest rate announcements. Greetings and I hope this brief analysis will help you.
Apple is showing a moving average crossover. I used the 50 and 25 moving average to find this information.
Hi investors and traders, BNB/BTC setup looking good for an ATH. To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term. Oscillators looking good. Forming a bullish pattern with good probability to break out. Price action above 21 EMA on 2 weeks which is so powerful. Correlated with BTC dominance price, DXY chart,...