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The U.S. Dollar Index is retracing its weekly losses to more than 50%. The rejection on its 1W MA50 though two weeks ago, maintains the long term bearish trend and that retracement makes it a sell opportunity again. With 1W technicals still in red (RSI = 41.988, MACD = -0.570, ADX = 23.107) and the MACD in particular on the same level as the start of the final...

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The S&P500 on the 1W time frame remains technically neutral (RSI = 51.005, MACD = 10.190, ADX = 35.849). Large reason why it has done so is because it has been ranging between the 1W MA100 and 1W MA200 for 22 weeks (154 days). That is a significant period that isn't that indicative of a bottom formation. There is still a large portion (could even be the majority)...

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BTCUSD is inside a monthly Triangle pattern with 4H technicals turning neutral (RSI = 48.016, MACD = 238.400, ADX = 31.451) after failing to break above it and making a Double Top (DT). Both previous Highs have been on DT formations, therefore it is highly likely this is one as well. It will be confirmed if today closes under the 4H MA50. The 4H MACD has a clear...

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Gold is approaching the 2,010 Resistance on bullish 4H technicals (RSI = 69.412, MACD = 16.510, ADX = 21.631) but with the RSI on a Bearish Megaphone, which is indicative of a Bearish Divergence. As long as the 4H candles close under the Resistance, we will be short, targeting the 1D MA50 and S1 Zone (TP = 1,900). If it closes over the Resistance, we will turn...

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Nasdaq marginally crossed but eventually got rejected on the 12,900 Resistance (February 2nd High) and is pulling back, shifting to neutral 4H technicals (RSI = 50.470, MACD = 139.360, ADX = 27.085). We expect this pull back to hit the S1 zone as the February 2nd-6th sequence did and find Support on the 4H MA50. The 4H RSI is on its own HL trendline, an addition...

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The S&P500 is testing February's LH trendline again for the first time since March 6th on strong bullish 4H tech (RSI = 64.370, MACD = 14.890, ADX = 34.844). This is also where the 0.5 Fibonacci level is and right over it the 4H MA200. We will target R1 if the LH breaks (TP1 = 4,080) and R2 (TP2 = 4,160) as long as the 0.618 holds upon re-test. ## If you like...

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Gold quickly turned its 4H time-frame neutral correcting the previous overbought state (RSI = 45.888, MACD = 17.800, ADX = 44.367). It is already on the 0.382 Fibonacci level, approaching the 4H MA50, but the true Support lies on the 1D MA50, which is also where the 0.618 Fibonacci level is. From an RSI perspective, we can't buy before the 4H RSI gets oversold...

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The CHFJPY pair is showing much strength today one day before the Fed Interest Rate, turning the 1D time frame technically neutral (RSI = 47.879, MACD = 0.010, ADX = 25.777). The rebound recovered the 1D MA50 and this is enough to turn us bullish on the pair, targeting the LH Zone (TP = 146.900). ## If you like our free content follow our profile to get more...

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The 4H time frame technically remains green for Bitcoin (RSI = 65.151, MACD = 993.700, ADX = 40.425) but the 4H RSI is under a LH trend line since January 14th. With the pattern printing an identical construct, it is possible to see a new consolidation on the current heights. The best buy entry should again be upon contact with the 4H MA200. ## If you like our...

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WTI Crude Oil has been on a long term downtrend since March 2022 and the heights of the Russian/Ukraine war. The 1W time frame technically turned bearish (RSI = 39.105, MACD = -5.090, ADX = 26.852) but the price just entered the S1 Zone, while making contact with the 1W MA200 for the first time since February 2021. This is a heavy Support Zone and the fact that...

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The EURUSD pair hit our TP1 = 1.0700 (see past idea at the bottom) and reached the 1D MA50. Naturally it turned neutral again technically on the 1D time-frame (RSI = 54.823, MACD = -0.001, ADX = 25.764) and this is a short term Resistance. As mentioned previously, as long as 1D candles close over the 1D MA100, the trend is bullish long term supported on HL going...

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Dow Jones found Support on the S1 Zone as we called last week (see idea at the end) and closed 4 straight candles inside it. The 1D time-frame remains technically red (RSI = 37.784, MACD = -381.660, ADX = 48.656) and the rejection on the 4H MA50 is keeping the price at bay. This appears to be like the rejection on December 21st 2022, which kept the price inside an...

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Nasdaq turned bullish on the 1D time-frame (RSI = 59.763, MACD = 98.270, ADX = 26.689) as it crossed aboev the former Bearish Megaphone of February. With the 4H RSI on an HL trendline as well as the price action, we are looking to buy into a pullback on the 4H MA50 and target R2 straight (TP = 12,900). Target hit on our previous Buy signal: ## If you like...

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The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused...

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EURUSD remains neutral technically on the 1D time frame (RSI = 44.284, MACD = -0.002, ADX = 25.952) despite the violent decline today as it is attempting to close the 1D candle above the 1D MA100. That was last Wednesday's Support and if it holds, it remains so, along with the HL trend-line. The 1D RSI is also on HL, indicating a still valid bullish trend on the...

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Nasdaq remains neutral on both the 1D and 1W time-frames (RSI = 53.821, MACD = 70.300, ADX = 31.405). The failure to cross boave August's High maintains the Nikkei bubble comparison that we posted a few months ago. As you see this Nikkei fractal since 1970 that led to the Bubble burst 1990 matches almost perfectly Nasdaq's price action from the 2008 Bubble until...

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BTCUSD has recovered from the SVB bankruptcy news trading on healthy bullish 1D technicals (RSI = 60.899, MACD = 62.700, ADX = 23.278). It is interesting to observe that the major crashes of 2022 have started ot get filled, in fact out of the four (LUNA, Celcius, August and FTX) the first two have closed their gaps. The Celcius crash gap is next at 31,700. ## If...

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The WTI Crude Oil is on red 1D technicals (RSI = 34.723, MACD = -0.710, ADX = 29.076) as the price broke under S1 and is headed of S2 (70.10), the lowest level it has been on since the December 9th Bottom. As the RSI hit the bottom of the four month Rectangle, this shapes up to be the best buy opportunity on a four month basis. We are long (TP = 77.50). ## If...