S&P is trading within a Channel Up on the 4H chart (RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up. This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone. If however the 3,200 Support breaks, we...
Since the March 2020 1.0640 bottom, EURUSD has been on a non-stop bullish run, turning even parabolic (and overbought on RSI = 76.416, MACD = 0.010, ADX = 60.087) on the 1D chart. Since our firm focuses on long-term investments we tried to locate technically (besides the obvious fundamental reason regarding the Fed's stimulus package) and have turned to the 1M...
Gold is trading within a Channel Up on the 4H chart (RSI = 74.518, MACD = 10.810, ADX = 59.265) since the June 5th low. We are getting a Sell Signal now as the not only did the price touch the Higher High trend-line of the Channel Up, but also the RSI made one on its own Channel Up. Typically the 4H MA50 (blue) line has worked as a Support within the Channel Up...
NG is trading on a Channel Down on the 1D chart (RSI = 48.535, MACD = 0.007, ADX = 20.341) since the May 5th Top. The MACD is currently making a sell cross, so if the Former Higher Low trend-line breaks (dashed line), we will sell up to the 0.786 Fibonacci retracement. ** If you like our free content follow our profile to get more daily ideas. ** Comments and...
Gold (XAUUSD) is trading within an Arc pattern on the 1H chart (RSI = 67.119, MACD = 1.180, ADX = 66.775) since the July 8th High, which is the longest consolidation it has done so since June. The MACD is on sideways bias and as long as the Resistance is not breached, we expect a new Higher Low (at least) at 1,800. ** If you like our free content follow our...
S&P500 made a (near) Double Top on the 4H chart marginally breaking the 3,240 Resistance but failing back below it quickly and is now consolidating (RSI = 58.904, MACD = 10.230, ADX = 31.641). We may have an Ascending Triangle in the making, which even though a break above 3,242 is possible (look at MACD), there are more bias to the downside, namely the 4H MA50...
CADCHF is trading within a Channel Down on the 4H chart (RSI = 41.228, MACD = 0.000, ADX = 32.417) after a strong rejection on its last Lower High on the MA200. The RSI is approaching the Support Zone so we expect a rebound soon. Our short-term target is 0.69500. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes...
The pair is trading within a 1D Channel Up (RSI = 48.456, STOCH = 47.038, MACD = 0.001, ADX = 30.430) which is currently neutral as it is aiming for a new Higher Low. That can be on the 0.9585 Support, which is our current target on this pull back. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly...
DXY is trading on a Channel Down on the 4H chart (RSI = 48.688, MACD = -0.160, ADX = 36.895) with very consistent trade lines and low pace. The 4H MA50 is acting as the Resistance, having rejected the price on every test in July. If the 95.70 June Support holds and the 4H MA50 breaks, we expect a pattern break-out towards the 97.60 - 97.80 Resistance Zone. If the...
USDRON is currently on a strong 1D selling sequence (RSI = 38.588, MACD = -0.024, ADX = 36.022) that is testing the middle trend-line of its long-term Channel Up. On top of that it has formed a 1D Death Cross (MA50 crossing below the MA200). Last time the pair formed this pattern, the price tested the middle trend-line of the Channel Up but after a rebound to the...
NFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted...
Gold is very bullish on all long-term charts with 1W in particular (RSI = 67.652, MACD = 57.930, ADX = 50.157) being on a very healthy and balanced uptrend since the June 2019 bullish break-out from the 6 year consolidation phase. The RSI however is on a bearish divergence and the MACD flat-lined, indicating that soon the trend may lose strength (not change but...
This is a cross-asset analysis of the following instruments: XAUUSD (Gold), S&P500, U.S. Dollar Index (DXY), the U.S. 10Y Note and M1 Money Supply. The initial idea was in our attempts to determine basically what is driving Gold's price during this period of pandemic. This multi-dimensional work reaches some interesting conclusions. First we start with the week...
TWTR was rejected yesterday on the 37.00 Resistance which was the June 8th High. The 1D chart remains bullish (RSI = 63.007, MACD = 0.470, ADX = 33.487), the MACD made a bullish cross and the MA50 is about to cross over the MA200 (Golden Cross). This is a very bullish mix for Twitter and we encourage investors to buy either if the Resistance breaks, or on the next...
S&P is trading within two formations a Rising Wedge (green lines) clashing on the Lower Highs of a Triangle (red lines) since the June 8th market high. The 4H chart is turning bearish (RSI = 42.335, MACD = 11.360, ADX = 30.843) and that is due to the peak formation on the MACD. As you see on the chart this pattern has been formed three time before since early May...
WTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three...
Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy...
No matter how odd it may sound now, we have come up with a simple model using the logarithmic Fibonacci extension levels to determine the next long term target on Dow Jones. We have timed the beginning at the end of the great depression in the early 1930s. The ATH before the depression is Fib 1 and the bottom Fib 0. The market recovered the ATH in 25 years. After...