USDINR: it used to trade with 97% precision in regression channel trends, which is now decisively broken. The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions. only believing charts, I would be comfortable having a short stance for target 79.95
for the last 12 to 15 days the nifty is sideways, it wavering around critical support zone where multiple price patterns are confronting. It is interesting to see, how these patterns unfold. As of now 2 weekly inside candles are form, it likely to create a range of 17700 to 18300 level over this month
The Hard Road Newsletter - Weekly Analysis, auto investing machines and News Yellow line is the 200 SMA White Line is the 20 SMA. Bottom indicator is the 20D Cumulative Returns For those that don't know, Pivot Points, are reversal points of trend channels. You can see the trend marked out using a Regression Channel drawing tool inside Trading View. We are...
Price is under the support level of an upward trend.
Hi everyone, There has been many references to the weekly logarithmic regression of Bitcoin that claimed it never failed from the time of its creation by Satoshi Nakamoto. it has been promoted on social media for a long time by serious advocates such as PlanB or many others on twitter. But as you can see on the chart, in November of 2022 the logarithmic...
While so many analysts believe that China will reduce Covid-19 restrictions and Aussie will start a bullish rally, I think authoritarian regimes do not care about demonstrations. Because giving importance to demonstrations is a message to the people that you will get the rest of your rights with demonstrations. So any bullish breakout may turn out to be a false...
DODG looking like it may want to squeeze up more soon. Regression trend down off the recent high showing the potential for a reversal back to the upside with fairly strong divergence off the regression channel midline. BBs have gotten tight again on the 4-hour and shorter timeframes indicating a directional change. Volume appears to be swinging back to bullish....
AMC price has moved back up into the mid $7 range after recently dipping below $6. This upward trend included a potential break-out on 11/11, and this upward trend is looking like it could continue based on technical indicators I watch. The regression trend midline as presented is providing support on the daily and prior to release of APE this stock had...
APE share price has been heading down since it hit the market nearly 90-days ago back in August 2022. Some discussions state that shorts may need to significantly cover at the T-90 mark, which hits next week. Not sure if the MMs would be required to close/cover at T-90, due the numerous exemptions allowed to them for "market efficiency" reasons, but regardless...
Looks like DODG may be getting closer to finally moving back to the upside. Volume profile is bullish and looks like significant accumulation has been occurring since around late June of 22. Selling appears to have all but completed dried up. Price is moving/staying away from the center line of the longer-term regression trend signaling that the downtrend may...
4hr DXY is failing the regression curve and 2nd Linear Regression, which will signal a bear move of some sort. Target 110-111
NYSE:WWE is media company that produces and markets TV and Pay-per-View live events. This stock really doesn't care about what the SP:SPX is doing. Today is breaking out its regression line, it could be actionable but with a small position. For me the pivot buy is at $73.40 with a target near $100 as is its highest high. Let's wait and see.
Downtrends and uptrends in BTC show similiar Regression Trends.
$AMD has been in a downward trend since the beginning of '22. Reaching the its nadir in the beginning of July. As we approach that low again, confirmed by oversold RSI, look for a possible rebound back to 0.382 on the fibonachi ($84) off the August high.
After fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal...
only 2 things can happen from here. A rejection or a continuation. We'll know which by 8-10 am
Price has been oscillating around this regression line for the past 2 days, the pattern won't break until we see a strong rejection at regression. My moneys to the downside.