The pair is on a 1D descending channel (RSI = 54.741, MACD = 0.001, Highs/Lows = 0.0000) that made a Lower High last week but we expect to break higher due to the larger 2 year formation on 1M which is a Descending Triangle. This calls for a Lower High within the highlighted zone (red) before a deeper decline towards the 1M Support. Our target is 1.05000. **...
The pair is trading on a very long term Channel Up on a monthly basis and based on the neutral 1W indicators (RSI = 54.242, MACD = 0.104, Highs/Lows = 0.0000, CCI = -24.9765) is on the Higher Low Buy Zone. This can initiate a potential rebound which makes it a medium term buy opportunity for us. The RSI on the 1D frame has also entered the Buy Zone. Our Target...
The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 -...
The pair is trading within a 1W Falling Wegde (RSI = 38.277, MACD = -0.007, Highs/Lows = -0.0017) within a wider 1M Channel Down (RSI = 32.243, MACD = -0.023, Highs/Lows = -0.0181). Both patterns call for a new Lower Low which should hit at least 0.92000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
The index has broken above both the 1D MA50 and MA200 this week and 1D turned bullish (RSI = 57.795, MACD = 3.690, Highs/Lows = 85.3366) towards the 7,440 Resistance. It appears to be repeating the April - July sequence, currently being at the start of the final (and most aggressive) bullish leg. The obvious short term target is the 7,440 Resistance but in our...
Following our last successful analysis regarding the expected rebound on the Lower Low of the 1M Channel Down (RSI = 43.472, MACD = -0.008, Highs/Lows = -0.0037) seen below: we are now switching to a sell on every rise approach as the price is again trending towards the Lower High Zone of the Channel. So far the price has been rejected just below the 1D MA200...
The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom. With the 1D...
USDCAD has been trading within a Falling Wedge on the 1W chart (RSI = 41.718, MACD = -0.003, Highs/Lows = -0.0077) since the December 2018 High. The 1D RSI is approaching its Support just above the oversold territory (31.712) and is gradually turning into a buy opportunity with 1.32000 as the Target. ** If you like our free content follow our profile...
Gold confirmed our medium term bearish view, as the 1D Channel Down (RSI = 44.533, MACD = -5.450, Highs/Lows = -2.2965) was successfully rejected on a Lower High below the 1,520 break out barrier. See that idea below: It traded for a while within the High Volatility Zone (blue Rectangle) but again formed a shorter term Channel Down on 4H (RSI = 42.719, MACD =...
The pair has been trading inside a 1M Channel Down since April 2018 (RSI = 41.844, MACD = -0.013, Highs/Lows = -0.0075). It appears to be replicating a pattern previously traded in May. This suggests (along with the 1D RSI which is peaking) that a pull back is due towards 0.63000 before the final 1D bullish leg towards 0.65300 that will price the Lower High (red...
The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity...
The Gold/ Silver ratio is the proportional relationship between the respective spot prices of Gold and Silver. Put simply it describes how many ounces of silver can be bought with one ounce of gold. The ratio has been on a bearish trend since early July as Silver initiated a very aggressive cyclical rise and despite the early September decline on both metals,...
Bitcoin rebounded this weekend near the 1D Support and the pattern that is emerging on 1D could be an Ascending Triangle. 1D is just turning neutral again (RSI = 44.581, CCI = 9.3779, Highs/Lows = 0.0000) and if the RSI (which is also Ascending) makes another symmetrical Higher Low (check the RSI pattern on the chart, all late Sept/ Oct Higher Lows are symmetrical...
Despite Friday's fairly strong pull back, Nasdaq still approached last week the 8,027 All Time High after a very aggressive rebound on the 1D chart (MACD = 50.350, Highs/Lows = 51.7055) since October 2nd near the 1D MA200 (orange line). Having almost made a Double Bottom then, the annual pattern (2019) resembles that of the 2016/ 2017 period. Not identical 100%...
The pair has been trading on a long term 1M Channel Down (RSI = 39.566, MACD = -0.016, Highs/Lows = -0.0039) since December 2018. Following the latest Lower Low, the price is now rising towards the 0.6870 1D Resistance which on the 1M Channel Down terms may be a new Lower High. Normally the Lower High tends to be just below or on a marginal contract with the 1D...
DJI has been trading inside a 1W Ascending Triangle (RSI = 55.808, MACD = 272.600) since June and is now approaching the 1W Resistance. Currently the Golden Cross formation is emerging on the 5H chart and based on the last 3 times that pattern printed, the price made at least one more High. In January 2019 it made another three Higher Highs, in June again three...
DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February. As you see the two dominant bullish legs are very similar, the one from February to May...
DXY has been trading within a very long term Channel Up on 1M since May 2018 (RSI = 56.323, MACD = 0.620, Highs/Lows = 0.0491). The standard setting of Higher Highs and Higher Lows on the 1D MA50 and MA200 periods has been very helpful in recognizing early buy and sell entries as it happened on our latest analyses: As the moment and following the Higher...