InvestingScope

InvestingScope

The pair has been on a strong rise since June 21st with 1D turning green. This helped the price to hit the 1D MA50 and the previous times this happened, the pair extended the uptrend until the MA200. We expect a repetition of this pattern with a rough target at 0.70500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...

InvestingScope

BTCUSD has been under pressure as of lately failing to recover June's Highs as investors who bought the bottom massively took profits after a strong 4 month parabolic bull run. 1D is now trading on a Channel Down (RSI = 43.731, Highs/Lows = -979.0824) but 1W remains bullish (RSI = 63.568, MACD = 1489.800) naturally as we are at the start of the new bull market....

InvestingScope

WELL (WELL Health Technologies Corp) is one of the hottest stocks of July as it has grown so far by 77% on a monthly basis making a jump of +175% since the beginning of June. Currently this is no time to enter this frenzy as past price action has shown that after a +170% rise and overbought levels on the 1D chart, consolidation follows and then a test of the 4H...

InvestingScope

The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price...

InvestingScope

The pair has been on a non-stop rise inside a 1D Channel Up up until Friday that it met the MA200 (orange line). This has initiated a bearish reversal on the previous 3 occasions since December 2018. Most likely it will have a similar effect and we are choosing to sell it with a TP = 80.585. If the MA200 breaks, the price may then seek the 1W Resistance (85.250)...

InvestingScope

The price action is identical to the 2nd quarter's sequence with the Lower Highs on the bearish H&S pattern leading to an eventual yearly low at 1.11100. We are expecting a similar development as the price is currently trading on the 5th leg, which is the final rejection point. Our TP is 1.11100, but shorter term traders can only look for thr 4H 1.11800...

InvestingScope

Gold is consolidating on 4H inside a Triangle pattern (RSI = 52.231, ADX = 19.396, Highs/Lows = 0.0000). This gives the impression that the strong bull run of June may have come to an end as 1D has also turned neutral (ADX = 16.817, Williams = -51.730, CCI = 11.7045, Highs/Lows = 0.0000). What's very interesting is that the current price action on 4H is...

InvestingScope

Oil is replicating the December-February price action when the price again bottomed aggressively after an earlier market peak and then started rising gradually to the annual High. Common parameter is the Golden Cross on the 4H chart. We can assume that as long as the MA200 holds, the uptrend will be sustained. 1D is actually on strong bullish levels (RSI = 63.049)...

InvestingScope

The Financial Select Sector SPDR is trading within t 1D Channel Up (RSI = 64.631, MACD = 0.090, Highs/Lows = 0.4050) and todays pull back is only a technical reaction to the RSI approaching 70.000 on 4H. Both the MA50 and MA200 are supporting which is a very bullish development. Our TP is 29.10. ** If you like our free content follow our profile...

InvestingScope

Lean Hogs have been trading sideways since late 2015 and on the monthly chart is best illustrated by the neutral monthly chart (RSI = 51.940, Williams = -47.019, CCI = 34.8246, Highs/Lows = 0.000). On 1D the MA200 works as a pivot attracting the price always after an annual High or Low. The price is currently trading above so we are expecting a sharp decline...

InvestingScope

WTI is currently pulling back despite marginally breaking 60.00 today but so far remains within the bullish bands of two distinct 4H/ 1D Channel Up patterns (RSI = 52.907 and 57.679 respectively). 56.90 - 57.35 is the current Support Zone and last Friday's Golden Cross comes to amplify the bullish bias. We are long aiming at the 63.80 1W Resistance. ** If you...

InvestingScope

BTCUSD is currently making the biggest decline of 2019, having pulled back by more than -25% since last week's High. Even though the 1W bullish trend is intact (RSI = 68.528, MACD = 1367.700), 1D neutral (RSI = 51.683) and about to turn bearish (Highs/Lows = -54.6254). A quick comparison of the current 1D parabola with the parabolic behavior of the previous...

InvestingScope

The pair is trading inside a 1W Channel Down (RSI = 43.198, MACD = -0.004, Highs/Lows = -0.0038) and is testing the Lower High belt. Following a Death Cross earlier this month, there are high chances for a continuation of the downtrend either within the channel or after a rejection on the MA200. Our TP is 0.85000. ** If you like our free content follow our...

InvestingScope

The pair is trading on a 1.5 year long Channel Up on 1M that has turned neutral (RSI = 50.869, Highs/Lows = 0.0000, MACD = 0.008) as the price is currently testing the 2019 1.30700 Support. If this level is crossed we may have the conditions for a flash crash to the lower Support levels (dashed lines). The Death Cross formation should come as confirmation. We will...

InvestingScope

NG is trading within a steady Channel Down on 1W since February (RSI = 36.221, MACD = -0.203, Highs/Lows = -0.1685) with the price currently consolidating after making a Lower Low near 2.160. Based on the 1D RSI pattern, Natural Gas should now seek a higher level near 53.00 for rejection which inside the Channel Down will be in the form of a Lower High. The...

InvestingScope

Platinum has been trading within a bullish Megaphone pattern on 1W that is has now completed its bearish leg and is consolidating on the Higher Low zone (RSI = 45.796). We are expecting this consolidating to form the 1D Support for the next bullish leg towards the next Higher High. This is calculated to be around +18/19% from the current levels based on a +8%...

InvestingScope

Copper is on a 4H bullish leg (RSI = 62.650, MACD = 0.014, Highs/Lows = 0.0064), after finding support around 2.6000. It just crossed (marginally) above the MA50 and on similar patterns since September 18, this calls for a bullish extension at least towards 2.8400, which is our TP. Breaking above the MA200 enhances the probability for a test at the 2.95000 1D...

InvestingScope

Nasdaq is currently pulling back on 4H (ADX = 31.230, Highs/Lows = -6.9555, B/BP = -62.1072) after the relentless run at the beginning of June. This pattern is identical to January - March 2018, when after the current pull back was completed a strong +8.60% rise took place. Our medium term TP is 8,000. ** If you like our free content follow our profile...