FLOKIUSD crossed over April's 24th High with ease as it smashed above the 1D MA50. The MACD is on a strong rise as well, completing a Bullish Cross. According to a similar price action in February, the current rally can complete the move on Fibonacci 2.0. That is at 0.000077 and is a trade worth taking. ## If you like our free content follow our profile to get...
CSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel...
XAUUSD reached the top of the Channel Up and as the 4H timeframe turned overbought (RSI = 66.415, MACD = 15.310, ADX = 35.525) we should see a technical pullback to the bottom. Apart from the 4H MA50, we expect this pull back to be of a minimum -3.75%. With the 4H RSI on clear sell territory, sell now with TP = 2,005. Prior idea: ## If you like our free...
WTI Crude Oil delivered what was expected, it hit our long term TP = 66.00 and is rebounding after a new Lower Low at 63.65 (S1). The 1D RSI is still very low (35.546) while the 4H technicals just got out of their yesterday's remarkably oversold condition (RSI = 36.200, MACD = -1.970, ADX = 63.277). Our short term target is the 0.382 Fibonacci (TP = 71.25) and...
BTCUSD is trading inside a Triangle that has been holding for 3 weeks. Both the 4H (RSI = 52. 631, MACD = 105.300, ADX = 23.108) and 1D (RSI = 52.837, MACD = 205.700, ADX = 20.677) technicals are neutral, so the best approach would be to wait for the price to break out of the Triangle regardless the direction and trade accordingly. Over it, we will target the R1...
The AUDCAD pair is on the 1D MA50 for the third successive day, which is also the top of the Channel Down pattern. The 1D technicals have turned neutral (RSI = 52.833, MACD = -0.001, ADX = 23.757), indicating that this is technically a firm sell entry. We will use this opportunity to short and target the S3 (TP = 0.88650) as all the Higher Lows of the uptrend...
Nasdaq is on a long term Channel Up with bullish technicals on the 1D timeframe (RSI = 56.673, MACD = 124.440, ADX = 30.096). In addition to those bullish indicators, it kept intact the 1D MA50 last week as Support, while also having the RSI rebound on the HL trendline. Consequently we remain bullish on Nasdaq long term (TP = 13,730), expecting it to hit R1 which...
EURCAD is on a very consistent bullish pattern since February giving low risk buy signals on the HL trendline and sell signals on the HH trendline. This is well illustrated by the bullish technicals on the 1D time-frame (RSI = 63.779, MACD = 0.009, ADX = 34.173). The price is currently on the final bullish wave to the HH trendline, and we will stay long with TP =...
EURUSD held this week the Channel Up pattern of March and remains on bullish technicals across the 1D timeframe (RSI = 60.701, MACD = 0.006, ADX = 39.732). As long as S1 holds, we expect a break of R1 and a new Higher High for the Channel Up on the 1.618 Fibonacci (TP = 1.11800). If however S1 breaks, we will switch to selling and target S2 and the 1D MA50 near S3...
ETHUSD is on the 1D MA50 with the 1D technicals naturally turning neutral (RSI = 46.496, MACD = 0.530, ADX = 27.266), which gives the first buy signal. As long as S1 holds, we are long, targeting R1 (TP = 2,140). If S1 breaks, we will hedge the buy with a short term sell, targeting the bottom of the Channel Up (TP = 1,665). Prior idea: ## If you like our...
Dow Jones is approaching the bottom of the 6 week Channel Up, the level that provided us with a low risk buy entry last time. The 4H technicals are in red (RSI = 36.764, MACD = 20.900, ADX = 24.648) and an oversold 4H RSI would be the ideal buy entry. As long as the 1D MA50 holds, which is even under the S1 and the 4H MA200 (which is effectively the rising...
The S&P500 index is approaching the 4H MA200 inside a month long Megaphone pattern. The 4H technicals are deep in red (RSi = 38.959, MACD = 4.530, ADX = 22.263) and inside this pattern when that took place, buy signals have started to emerge. We are buyers and target the pattern's top (TP = 4,200) as long as the price doesn't break under the Megaphone or closes...
CHFJPY is an almost overbought 1D technicals (RSI = 69.922, MACD = 1.670, ADX = 65.369), rising non-stop since March 20th inside this 1 year Channel Up. The pattern is much like the June 29th 2022 top that after almost hitting Fibonacci 2.0, it pulled back to the 1D MA50 and resumed the rise to Fibonacci 2.618. Consequently, we are selling this pullback and once...
XAUUSD is trading inside a Channel Up pattern for the past 1 month and a half. The 1D technicals are neutral (RSI = 51.392, MACD = 15.400, ADX = 15.598) indicating that this is the most efficient long entry for the medium term. However the unique characteristic of this Channel Up is that all 1D candles have closed inside it to maintain the trend, despite making...
Nasdaq crossed over the dotted Channel Down and turned bullish, negated any potential similarity with the March 6th top that prompted to one final pullback. With 1D technicals turning bullish (RSI = 58.126, MACD = 113.800, ADX = 33.345), this indicates that there is still strong potential to extend the rise. Our Short term target is the HH trendline (TP = 13,350)...
EURUSD is trading inside a Channel Up that is holding for more than 1 month. The neutral 1D technicals (RSI = 55.804, MACD = 0.006, ADX = 27.998) indicate that this is the ideal short term buy entry. The 4H RSI also shows that yesterday's Low may be the same as April 10th. As long as the price is closing inside the Channel Up, we remain long, targeting the 1.618...
AUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom...
DXY has found Support on S1 (100.800) and turned rather sideways on 1D as also shown by its technicals (RSI = 46.877, MACD = -0.410, ADX = 14.027). The RSI carries strong similarities with the November-January decline so as long as the price trades under the 1D MA50, we will be bearish aiming at the Channel Down bottom (TP = 99.000). If it closes a candle over the...