Hello Everyone, GBP/USD has recently reached its lowest point in the past day, week, and month, recording a value of 1.25966. The six-month low stands at 1.20374, and the one-year low at 1.180275. Currently, there is anticipation of a bullish market shift. To confirm a bullish trend, we are actively monitoring for a sustained position beyond the one-month and...
Red is the down channel....blue is where it seems to have shifted...green indicates hard shift in momentum. They just released 3rd quarter reports, everything is up...lets hope this shift has some weight and we see this climb to it's actual value point (around $9)
So on UJ we see an Inverted Head and shoulders which is a sign of reversal. The reason this is a sign of a shift in momentum is because in a down trending market you have lower lows and lower highs but with an inverted head and shoulders you see a lower low in the head but it fails to make a lower high. Instead it comes back up to create what is known as a triple...
With Palladium hovering around the $1046 mark, investors are navigating a complex landscape shaped by shifting market dynamics and economic indicators. Employing a seasonal approach akin to our previous analysis on Silver, we observe that Palladium has historically experienced significant declines during this period over the past 15 years. This seasonal pattern,...
As you know, I'm a big fan of the VIX (aka Equity Fear index). It shows the 30-day expected volatility of the US equity market dervied from participants in the options market. The idea is that sophisticated investors tend to use options for hedging out risks. Below I show a long-term chart of the VIX in relation to the S&P500. Sorry for making you squint but you...
In the past I've written many times about ICP's terrible performance and price action. It was one of the worst performing tokens of the last 2.5 years, with a serious risk of never going up again. But, where there's pain, there's also opportunity. With ICP losing over 99% in value in 2.5 years, it has some serious potential to pump. Not saying that we're going to...
As of October 10, 2023, Shiba Inu (SHIB) is trading at $0.00000688, showcasing a descent from its price range maintained from September 11th to October 9th, where it oscillated between $0.00000712 and $0.00000760. The price took a dip on October 9th, moving out of the previously held range, reflecting a market sentiment shift. Key Prices: Current Price (as of...
Cycles & Levels: The rejection of 1.2685 weekly swing low with the subsequent recovery above the 50% retracement has resulted in the re-establishment of a weekly range. The elongated buy-side candle on the daily validates the creation of a new leg up, even if it occurs within the context of a down-cycle. There is still a lot of work to be done for the market to...
Since November 2021, Bitcoin has undergone a transformative cycle shift, transitioning from a bearish to a bullish trajectory. After over two years of descent and trading within a persistent downtrend, Bitcoin now finds itself navigating a distinctly bullish channel. The current analysis suggests an upcoming retest of the upward trendline, followed by a potential...
TLDR; Bitcoin is in the process of forming a higher low on the larger timeframes (Daily/Weekly) within the range that it has sat in since April 2021 (range boundaries are roughly 60-70k area and 30k area). This increases the probability that Bitcoin will make an attempt at the all-time high and potentially head on up to extended targets of 75k and 100k. These are...
In the ever-evolving landscape of retail, Nordstrom ( NYSE:JWN ) stands at a pivotal crossroads, grappling with the aftermath of a global pandemic and the shifting tides of consumer behavior. The recent announcement of weaker-than-expected forecasts for 2024 has sent shockwaves through Wall Street, prompting analysts and investors alike to scrutinize the company's...
Following a sharp rise last week, fueled by Fed Chair Powell's dovish comments post-FOMC and the impact of the dot plot on the US Dollar, the EURUSD experienced notable gains, peaking near key November highs between 1.1008 and 1.1016, with a high of 1.10087. However, the market sentiment is shifting, and a bearish trend is anticipated for today. This expected...
BBBY today is experiencing a major price shift on the daily -- after some hard painful correction on the downside. The daily data is conveying major buying / accumulation. The first net positive volume since March 2, 2023 suggesting a shifting trend for this volatile stock. The probability of a reversal to the upside on this one is very high. The signicant...
Bearish Divergence: This term refers to a scenario where the price of an asset, such as Bitcoin in this case, is making higher highs, but an oscillator like RSI, MACD, or a histogram (possibly the one seen at the bottom of the chart) is making lower highs. This divergence suggests that despite the increasing prices, the bullish momentum is weakening, and there...
Carvana Co.( NYSE:CVNA ) stands as a testament to resilience and adaptation. As the online car retail giant braces for lower interest rates amid tightening lending standards, it navigates through challenges with strategic maneuvers and a steadfast commitment to its vision. In a recent interview with Bloomberg News, Carvana's Chief Financial Officer, Mark...
If USDCHF continues down below the current Shifting POC (dashed red), I expect it to reach the bottom of around 0.908 in three days. The level is where massive mid-June candles overlapped mid-through the great rally. There is a short-lived overnight consolidation that worked as a launchpad for the continuation. Then, there is the start of that very same really...
It looks like we finally shifted structures on GBPUSD. This strong sell off this resistance shows that the sellers are really holding strong to that key area. The structure is slowly shifting and we should start forming lower highs and lower lows soon. Still, we need to be patient and not get trapped in a no man's land.
GBPUSD extends its pullback from highs above 1.32 registered last week. The pair has settled around the 200-DMA at 1.3040 which caps the downside pressure so far and prevents a dip below the psychological level of 1.30. The dollar shifted to a recovery mode on Monday and preserves the bullish bias today, which adds to the local pressure on the pound. The...