we expect price back to the blackhole acting as support to push the price up words to the next resistance level if break it we will extend the profit to the last resistance level at 1H time frame as shown on the chart
US FED DECISION Bitcoin Reached 18400 before selling off to 17800 due to the market's reaction to the US Fed's decision to raise their key interest rate by 50 basis points during yesterday's session. As we all know, the market tends to react positively in a low-interest environment. Although this key rate increase is lower than the previous quarter's 75 basis...
Microsoft - Medium Term - We look to Buy at 252.55 (stop at 236.92) Price action looks to be forming a bottom. A bullish reverse Head and Shoulders has formed. Neckline comes in at 256.15. We have a Gap open at 252.54 from 12/12/2022 to 13/12/2023. Further upside is expected although we prefer to set longs at our bespoke support levels at 252.55, resulting in...
The FED is manipulating markets utilizing the USD, but the range for this is narrowing by the day. When the FED runs out of road, it will get messy.
US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59) Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the...
Trade Idea: Buying SPXUSD Reasoning: Crazy move higher on a weaker CPI number? Market expects 7.3%. JPMorgan suggesting a move of <6.9% could see stocks rally by 8-10%?" Entry Level: 3993 Take Profit Level: 4398 Stop Loss: 3907 Risk/Reward: 4.6:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains...
Foot Locker - Medium Term - We look to Sell at 38.81 (stop at 40.86) Trading within a Bearish Channel formation. Price action continued to range between key support & resistance (30.02 - 40.00) although we expect a break of this range soon. Short term momentum is bearish. Preferred trade is to sell into rallies. Our profit targets will be 30.34 and 24.10 ...
Trade Idea: Buying GBPUD Reasoning: Grinding higher Entry Level: 1.2239 Take Profit Level: 1.2334 Stop Loss: 1.2196 Risk/Reward: 2.19:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
The Dxy is following a downward channel, looking for the dxy to continue this trend and looking a short for this week.
It has appeared that a left shoulder has formed, as well as a head, wait for market to break in, close, retest then take the sell opportunity..
Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92) The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred...
Dxy is backing down for a new pair of jordan. All is to run faster and jump higher. Here is the level I expected.
Bank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28) Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward....
US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from...
Ford - Short Term - We look to Sell at 13.89 (stop at 14.82) The medium term bias remains bearish. Broken out of the channel formation to the downside. Selling continued from the 61.8% pullback level of 14.41. The gap open from 14.34 to 13.94 has now been closed. Preferred trade is to sell into rallies. Our profit targets will be 11.01 and 10.40 ...
Potential bounce waiting for us next week, with SPX on decisive point, DXY looks like it might one last run to create lower low. Target: 108-109
The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months. We wait and see what next week has in store for...
Gold is still in an upward trend until the opposite is proven, so the next move is likely to be towards levels above 1800. Gold is inversely linked to the US dollar, so it is likely that the dollar is currently in a state of weakness, but the strength of the dollar is getting sick but not dying. Therefore, caution should be a friend of our trading when we trade...