Ethereum is marginally bullish on the 1D technical outlook (RSI = 58.849, MACD = 64.500, ADX = 17.549) despite the despite the 19 day consolidation, suggesting strong underlying bullish bias. This shouldn't come as a surprise as the long term pattern has been a Channel Up in the last 12 months and on top of that, a Golden Cross was formed last week on the 1D...
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP =...
Dow Jones is extending the rally since the October 27th bottom, which was a HL of the dominant Channel Up pattern. The 1D technical outlook is overbought (RSI = 71.474, MACD = 390.490, ADX = 67.776) but the difference maker on the technical field is the CCI metric. Being also overbought over 100.00, it is showing a Bearish Divergence, which was present on the last...
Nasdaq has been rising since October 26th and the bottom on the HL trendline of the year long Channel Up. The 1D technical outlook is bullish after turning overbought on Monday (RSI = 68.584, MACD = 265.250, ADX = 67.453). So far its structure is much like the rise at the start of the Channel Up during the whole month of January. That one peaked on the 1.5...
The S&P500 maintains its steady uptrend since the October 27th bottom, inside a Channel Up pattern. This (on a projected +7.15% 2nd bullish wave) targets above the R3 July 27th High (TP = 4,650). Being however overbought on the 4H technical outlook (RSI = 70.276, MACD = 22.060, ADX = 31.456), we will be ready to short if the price crosses under the 4H MA50 and...
After turning overbought on the 1D time-frame (RSI = 68.344, MACD = 0.008, ADX = 40.692) EURUSD made a HH at the top of the November Channel Up and got rejected. We expect a pullback all the way to at least the 4H MA50, and as it is confirmed by a MACD Bearish Cross, we are already short and targeting a little over the bottom of the Channel Up (TP = 1.08425). See...
Gold is neutral on its 4H technical outlook (RSI = 55.793, MACD = 4.760, ADX = 31.119) as it reached today the bottom HL trendline of the short term Channel Up. So far it is reacting with a bounce and that is a buy signal, aiming at the R1 level (TP = 2,002), as every rise sequence inside the Channel has been around +1.90%. Today's Low was supported on the 0.5...
DAX turned overbought on the 1D timeframe (RSI = 71.962, MACD = 124.900, ADX = 41.751) as it closed its 9th straight green 1D candle and is approaching the R1 level (16,050). This has been the Resistance since the start of August. The index is in need of a technical pullback otherwise this rally won't be sustainable. We will short next week's opening near the R1...
Google closed the week over the 1D MA50 with the 1D technical outlook bullish (RSI = 57.062, MACD = 0.820, ADX = 43.635) again for the first time since October 24th. The rally since October 27th low is the second major bullish wave of the Channel Up pattern that Google is trading inside for almost 12 months. We expect the first part of this wave to peak after...
RKLB is trading inside a Channel Up for 15 months and is near its bottom HL trendline. Being bearish but close to neutral on the 1D technical outlook (RSI = 43.294, MACD = -0.060, ADX = 22.552), the price is undergoing a similar Bottom formation as March-May. On both sequences the 1D RSI was rising on an HL trendline. Having completed a -50% decline from the...
WTI Crude Oil hit today the bottom LL trendline of the six week Channel Down, turning oversold on the 1D timeframe (RSI = 31.036, MACD = -2.860, ADX = 46.284). That alone is a strong medium term buy signal, aiming at a +10.15% rise (TP = 79.50), which is how much the previous bullish leg of the Channel rose by. That is where the R1 level is also (79.75) and...
Kaspa is having one of the most aggressive rallies in the high capitalization category, positng the strongest weekly gains on the fifth straight green week. The 1D timeframe is obviously overbought (RSI = 86.789, MACD = 0.016, ADX = 53.378) but this rally can extend more based on the previous bullish sequence inside the annual Channel Up. More specifically, the...
Dow Jones is unfolding the second rally sequence of the 1 year Channel Up and has reached today the 0.786 Fibonacci level of July's High. The 1D technical outlook is about to turn overbought (RSI = 68.650, MACD = 236.580, ADX = 32.415) and as the rally approaches the R1 level (35,100) as well as being almost on the +9.05% range from the bottom, we are looking...
The EURUSD pair reacted extremely positively on the lower than expected U.S. CPI, naturally so and crossed over the 1D MA200 for the first time since September 1st. The 1D technical outlook is almost overbought (RSI = 69.156, MACD = 0.004, ADX = 16.674) and even though some relief pullback is to be expected, this rally should complete by the end of the month a...
Boeing opened much higher today, turned overbought on the 1D timeframe (RSI = 70.408, MACD = 1.220, ADX = 33.303) and is about to hit the 1D MA200 for the first time in two months. Since the long term pattern is a Channel Up, dated back more than one year, a candle close over the 1D MA200, will be a bullish extension signal much like November 7th 2022. If it...
S&P500 crossed over the Channel Down that started in late July, turned bullish on the 1D technical outlook (RSI = 60.269, MACD = 21.240, ADX = 31.244) and ahead of the U.S. CPI report is targeting the R2 level. If today's 1D candle closes over the top of the Channel Down, aim at the R2 without a pullback (TP = 4,530). If it closes under it, buy after a pullback...
Gold turned bearish on the 1D timeframe (RSI = 43.890, MACD = -0.091, ADX = 34.371) after the November Channel Down almost hit the 4H MA200. It hit our 1,935.50 TP nonetheless (see previous signal at the bottom), and now the short term is giving us a buy signal in the event of a break over the Channel Down. The 4H RSI holds a HL trendline which is a Bullish...
Silver has failed to close a 1D candle over the 1D MA50 for four straight sessions and as it previously did on the 1D MA200, this is a bearish signal. Its confirmation is the 1D MACD that formed a Bearish Cross and each time the market has done so since April, inside this long term Channel Down, a new Low was made. Even the 1D technical outlook just turned...