InvestingScope

InvestingScope

Our last USDJPY trade reached its 109.200 - 109.700 target zone: The Channel Up on the 1H chart (RSI = 66.020, MACD = 0.480, ADX = 47.769) which we based our call on traded very well and is still valid but is approaching the Higher High zone. We are expecting a rejection within the 110.000 - 110.650 region and will take this sell opportunity to target the...

InvestingScope

The bounce on yesterday's 20.00 low has been met with strong buying towards the end of the session, making a bottom sequence and today the price appears to be consolidating. This resembles the Rising Wedge of the previous sharp sell-off sequence on March 9th. After making Higher Lows, the pattern topped slightly above the first High. With 1H technicals largely...

InvestingScope

GBPJPY is on a strong pull back towards the 126.800 Support with even the 1W chart strongly bearish (RSI = 31.857, MACD = -0.910, ADX = 34.619). However based on the 2007 - 2012 Bear Cycle, it appears that we are approaching the end of the current (2015 - 2020) Bear Cycle. MACD is also repeating that bottom sequence. This is for us the most optimal long term Buy...

InvestingScope

This is a comparison of Gold's Bull Cycle in the 2000s on the 1W chart with the current Bull Cycle that started with the Nov 2015 bottom. During the early 2000s the uptrend was a bullish channel with clear Lows, each one of them being higher than the previous, thus maintaining the rise. During this uptrend the 1W MA50 (blue trend line) has been acting as a...

InvestingScope

The pair has formed a standard Channel Up on the 1H chart (RSI = 373.336, MACD = 0.620, ADX = 50.781, Highs/Lows = 1.0500) and is close to making a new Higher High within the 107.750 - 108.550 zone. As the Golden Cross is emerging, we are expecting an even stronger rise around 105.00 towards the 109.200 - 109.650 zone. Previous successful trade on USDJPY: ...

InvestingScope

Our last 1.10550 Target has been hit after the Higher Low trend line broke. As mentioned on the chart below, the indicators where there for the sell as the 4H RSI was on a bearish divergence: What we are focusing on now is the Death Cross (MA50 below the MA200) that was formed on the 1H chart. The Channel Down is clear (RSI = 38.625, MACD = -0.002, ADX =...

InvestingScope

EURUSD is trading on a 4h bullish channel (RSI = 54.676, MACD = 0.004, ADX = 36.647) and at the moment is on the critical Higher Low trend line (grey line). The move from the 1.0780 bottom was almost parabolic so if the trend line breaks and even the 4H MA50 (blue line) doesn't hold, then we are expecting a greater retrace to the 0.618 Fibonacci level. This is...

InvestingScope

After a dramatic and historic day for Oil came to a close, the price reached $27.40 on Monday, making contact at the same time with the long term upper Lower Low trend line of the multi year Channel Down on the 1M chart (RSI = 33.568, MACD = -2.190, ADX = 13.260, Highs/Lows = -17.0871). That was the first time we entered this zone since February 2016 and the...

InvestingScope

Gold is trading within a 1D Channel Up since the February 24th High (RSI = 62.180, MACD = 21.590, ADX = 52.997, Highs/Lows = 1.9297). On the last leg towards the Higher Low trend line, the price found support initially on the 4H MA50 (blue line) and only when it broke it got continuation towards the 4H MA200 (where it made the Higher Low slightly below). We will...

InvestingScope

This is a long term approach on DJI after the price hit the Higher Low trend line of the 1W Channel Up (RSI = 44.081, MACD = 142.400, ADX = 38.014) following the worst weekly sell-off since the Subprime Crisis. The 1W RSI also just hit the 34.000 level which is a Support since 2016 and last time it visited that level was on the previous Higher Low of the Channel...

InvestingScope Updated 

Despite this week's rebound on Friday's 2,855 low (a level which was the 1W Support also made by the October 3rd 2019 low), S&P failed to break the 1D MA200 so far with the 1D chart remaining under pressure (RSI = 38.384, MACD = -75.790, ADX = 49.730). That is despite the fact that the Federal Reserve announced a rate cut yesterday, with the index pulling back...

InvestingScope

Oil is replicating the rebound sequence earlier in February. So far the 1H MA200 (orange trend line) is applying selling pressure and once the 1H MA50 (which is acting as a Support) breaks, we will most likely get a pull back on the Higher Low of the emerging 4H Channel Up (RSI = 47.327, ADX = 39.738). We will be buying this pull back and target 48.60. ** If...

InvestingScope

Gold made the utmost use of its safe haven function last Monday at the peak of the Coronavirus outbreak reaching a 1,690 High. This parabolic rise represented the highest degree of fear on the market and after the peak it quickly deflated the rest of the previous week towards a 1,565 low which as you see found support on the 1D MA50. This degree of extreme...

InvestingScope

Silver has completed last week the bearish leg of the 1D Channel Down that started in September (RSI = 34.367, MACD = -0.179, ADX = 27.061, Highs/Lows = -0.7962) and made a Lower Low at 16.200. The RSI action shows that the price may consolidate a while before rising towards the Lower High zone, but remains an optimal buy opportunity nonetheless. Our Target Zone...

InvestingScope

DXY is on a sharp sell off following the 99.90 High on February 20th. The 1D chart is on a strong bearish territory (RSI = 37.767, ADX = 49.169, Highs/Lows = -1.0001) and just hit the 0.618 Fibonacci retracement level from the 96.35 December 31st Low. We believe this level is at or close to the current bottom of this downtrend, on a similar sequence as 0.618...

InvestingScope

The CBOE Volatility Index (VIX) which measures the market's expectation of 30-day forward-looking volatility, has almost hit last Friday the highs (50.30) of the U.S. - China trade war in February 2018. Going further back on the time line, the 53.30 high of VIX during China's economic slowdown fears in late August 2015, isn't far off either. Today's lower...

InvestingScope

We have been taking our trades for a very long term now based on the 1M Channel Down which started back in June-August 2018 after the phase one sell off of the 1.2550 peak. This Channel Down helped us take our last sell in early January and target 1.08440 as seen below: And was the same perspective on the February 20th Lower Low that helped us take the...

InvestingScope

The short term pattern on the 1H chart is a Rectangle and as long as 4H remains neutral (RSI = 49.674, ADX = 13.422, Highs/Lows = 0.0000) the price will be trading within the 1,659 Resistance and 1,624.50 Support. We recommend short term traders to work the whole array, seeling near the Resistance and buying near the Support. ** If you like our free content...