SPX index showing bearish divergence on RSI. While price have been moving up steadily for the last two months. RSI doesn't seem to track price instead it has been falling. This bearish divergence indicates there could be possible correction in SPX. From past correction, I guess it could be around 10% where there is a good support. Also this correction can be...
The price of Bitcoin remains stable but is facing challenges due to pressure from a strong US Dollar amidst investor uncertainty about whether the US will change interest rates, especially ahead of key labor market data to be released this week. Technical analysis on the 4-hour chart shows that the price of Bitcoin is currently below the moving averages SMA 20,...
Hi. COINEX:AVAXUSDT Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the...
The GBP/USD pair has shown signs of recovery and maintained stability near the 1.2580 level at the start of the European trading session on Wednesday. Based on technical analysis, on the 4-hour chart, the Relative Strength Index (RSI) continues to remain below 50, indicating ongoing selling pressure. Furthermore, the pair is currently trading below the simple...
Based on technical analysis, the USD/JPY market is currently in a phase of consolidating its upward trend. Furthermore, the chart indicates that the oscillation range has not reached overbought levels, suggesting potential further upward movement for this currency pair. Specifically, surpassing the resistance level at 152.00 could pave the way for a breakout...
The weekly chart shows a downside bias. However, support is holding. If the hourly chart develops bearish signals, support may be tested and if longer term downside momentum holds, support is likely to be broken Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets...
Hey everyone!!! 🙌🏽 This pair is now at the essential zone and we will take action after the confirmation. I am mostly bearish about this pair for short period of time next 1 to 2 weeks. Good Luck to All!!! ❤
On the 4-hour chart, the EUR/USD pair is maintaining sideways movement around zone 1.0770 - 1.0760. Analysis Simple Moving Averages SMA 20 and SMA 50 indicates a downward trend phase. If the price breaks below the support level of 1.0724, this could lead to a stronger downtrend and may be tested further support levels . However, the possibility of a price...
📊 Script: REDINGTON 📊 Sector: Trading 📊 Industry: Trading Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 222 🟢 Target 🎯🏆 - 235 ⚠️ Stoploss ☠️🚫 - 217 ⚠️ Important: Always...
Based on technical indicators, the gold market is currently continuing its upward trend. However, the possibility of a decline in the near future cannot be ruled out. For today, it is conceivable that gold may retreat to the support level of 2229, followed by a potential rebound. However, if the price of gold breaks below the support level of 2229, there is a...
Salesforce more than doubled between late 2022 and early 2024. But now some traders may think the provider of marketing software is stalling. The first pattern on today’s chart is the November 2021 high of $311.75. CRM rallied above that level on March 1 but couldn’t stay there. Such a failed breakout is a potentially bearish reversal pattern. Second is a trend...
Tesla weekly trend shows weakness as short-term traders hammer price down. Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com) CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor...
After breaking through the 68.210 BTC support level, the market witnessed a clear signal of significant price decline, establishing a new support zone. Moreover, technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA) also collectively indicate a strong downward trend unfolding.
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...
Short Term Targets are ~23 usd I expect price to hit within the next 5 weeks. Also looking for a trip to 20-21 usd range to fill a monthly gap. Overall I am bullish on silver.
Short Term target is 54k Long Term target is 20k Monthly is consolidating and will likely find it's way back below the 20 EMA near the bottom of the Keltner Channel.
Target is 54k May reverse in the 54-64k zone to fill the gap left at 20k. Bullish if we can break the double top formation, Target is 80k-120k Expected to hit 54k with in the next 6 weeks.
Amazon weekly chart analysis indicates an overbought condition at significant resistance. Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com) CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of...