InvestingScope

The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle. Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the...

Bitcoin had a positive session yesterday, during which it made a new Lower High within the 1D Channel Down (RSI = 34.634, MACD = -439.400, Highs/Lows = 0.0000). It appears to be reversing now, keeping the Channel Down intact with a potential downside target (and Lower Low) at 7,500. However based on the RSI sequence, a new inner pattern may be emerging and that...

The pair has been trading within a 1M Channel Down (RSI = 40.510, MACD = -0.011, Highs/Lows = -0.0132) since the start of the year. Recently is has been following a previous pattern within the Channel Down that calls for a bearish extension. We are taking this sell opportunity to aim near the 1.4810 Support. Attention is required and readiness for an early exit as...

The pair has been trading within a 1W descending channel for most of the year (RSI = 40.168, MACD = -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500. ** If you like our free content follow our profile...

USDDKK has been trading within a long term 1M Channel Up (RSI = 58.922, MACD = 1310.970, ADX = 34.063) since May 2018. Since late June it has developed a smaller Channel Up on 1W which is on its Higher Low zone (RSI = 51.590, MACD = 253.410, Highs/Lows = 0.0000) hence an optimal short term buy entry. The target is 6.90000. If however the price breaks below the 1D...

Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook). Technically the 1W Channel Up failed to make a Higher High last month so the medium term...

DAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange). If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may...

Oil has almost made contact today with the 50.55 1W Support after a very disappointing 8 red candle streak which has turned 1D bearish (RSI = 36.455, MACD = -0.740, Highs/Lows = -3.6829). We see this decline as the most optimal buy entry both on the medium and long term as despite 50.55 being a 4 month Support and strong buyer accumulation zone, the RSI is coming...

The index is suffering the technical consequences of the 3,025 - 3,030 Double top earlier last month and is aggressively pulling back within its 1W Channel Up (RSI = 47.427, MACD = 35.000, ADX = 33.659) having crossed all 1D Support levels. It is now approaching the Higher Low Zone (green) and the 1D MA200 which has always acted as a strong Support through out...

EURUSD has just reached the Lower Low level on the long term 1M Channel Down (RSI = 38.501, MACD = -0.009, Highs/Lows = 0.0204) that it has been trading in since August 2018. This is technically as low as it can get withough breaking this long term pattern. We should mention that it did so within a standard 1D Channel Down (illustrated in green), which creates the...

XAUUSD broke last week through its 1D Support (1,483.60) that sustained the uptrend for almost 2 months, and touched the top of the 1,453 - 1,460 1D Support Zone where it bounced. This creates the conditions for a 1D Channel Down (RSI = 41.739, MACD = -1.780, Highs/Lows = -14.3993) where the 1,460 low can be considered as the Lower Low of the pattern. As you see...

Bitcoin is close to breaking the 4H MA50. Last time that happened after a -20% drop from the most recent High, it market the upside's limit and the price reversed. It is not impossible to repeat the same pattern at around a +15% peak. This is currently around 8,930. We are therefore expecting a bearish reversal there. If however we break above on an aggressive...

Starbucks is being under heavy selling pressure since the start of September having fallen over -12% since its All Time High. This is not alarming for long term investors as the rise since July 2018 has been extremely aggressive (that aggressive that the Monthly chart is still bullish with RSI = 67.474, MACD = 8.570, Highs/Lows = 8.7721), but the selling isn't...

MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone. Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross...

Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within...

Heating Oil is now approaching the 1D MA50 (light blue line) on a non-stop pull back since the peak of the Saudi attack. The 1D chart is neutral (RSI = 47.087, MACD = 0.011, Highs/Lows = -0.0354) signalling that we are approaching the most optimal buy level. We therefore turn bullish on Heating Oil with our Target Zone: 2.1000 - 2.1370. Note that even though 1D is...

The pair has been trading within a 1M Channel Down (RSI = 35.152, MACD = -0.017, Highs/Lows = -0.0297) since January 2017. Currently it is closer to the Lower Low zone and since through-out this downtrend it has always made contact with the 1W MA50, we are expecting a rise towards at least 0.9000. ** If you like our free content follow our profile...

The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in...