InvestingScope

InvestingScope

The pair is ranged within a 4H 8.67182 - 8.80533 Rectangle and as long as 1D remains neutral (RSI = 51.622, ADX = 25.601, Highs/Lows = 0.0000) it will be an ideal scalping opportunity. Buy zone = 8.67182 - 8.69700, Sell zone = 8.7881 - 8.80533. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and...

InvestingScope

The pair is on a 1D Ascending Triangle (RSI = 54.426, STOCH = 51.729, Highs/Lows = 0.0000) which on the short term is giving buy signal towards 16.800. Also, a stronger longer term buy signal is coming close to being materialized when the Golden Cross takes place (MA50 over MA200). The last 2 times that happened, the pair rallied more than +15%. ** If you...

InvestingScope

Having successfully hit both of our bearish targets on the MA20 1D sell signal: , the index is trading inside a 1D Descending Head and Shoulders pattern (RSI = 30.952, MACD = -335.400, Highs/Lows = -556.4643) with clear sell/ buy pressure points. We are currently approaching the strongest buy level (24,600) which is for us an automatic long order to 25,070....

InvestingScope

Nifty is coming off a strong rebound just above the 1D MA200. 1D is on excellent bullish levels (RSI = 62.784, MACD = 111.840, Highs/Lows = 244.5718) having just crossed into new All Time Highs. With the Golden Cross taking place on March 15, we have a strong medium term buy signal towards 12,500. ** If you like our free content follow our profile...

InvestingScope

The pair has been trading inside a 1D Channel Down since early April (RSI = 34.711, MACD = -0.003, Highs/Lows = -0.0013, B/BP = -0.0056). On Monday we had a new Lower High rejection at 0.65600 so the Channel should now push for a new Lower Low. The 1W Support Zone is at 0.64363 - 0.64240. Our sell target = 0.64500. ** If you like our free content follow our...

InvestingScope

EURUSD has been trading on a 1W Channel Down (RSI = 39.819, MACD = -0.007, Highs/Lows = -0.0051) since the start of 2019 and is currently testing the 1.1110 - 1.1130 1D Support Zone. As seen on the chart, every Lower Low is roughly the same distance from the previous Lower Low sequence, which enables us to roughly time the next point. With the 1D MA50 acting as a...

InvestingScope

PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200. Last time the same pattern occurred was in 2016. The rebound resulted in testing...

InvestingScope

With the majority of global stock indices on a seasonal correction, DAX hasn't escaped the pattern and is down -4.85% from the 2019 highs. What stands out is that the downside on this correction is limited to -5.85% (avg) based on the last occurrence of the Golden Cross (MA50 over MA200) on a similar candlestick pattern. In 2016 following the post Brexit rally...

InvestingScope

Bitcoin is extending its aggressive parabolic run nearly hitting the 9,000 mark this week. Naturally, the 1W chart remains overbought (RSI = 78.241) but 1D is on balanced bullish levels (RSI = 67.593, ADX = 49.226) as after every parabolic 1D sequence, the price action takes a necessary consolidation break before the next target, which neutralizes the overbought...

InvestingScope

The Taiwan stock market is trading on a very standard long term 1M Channel Up which is currently neutral close to its median (RSI = 50.364). We see a very reliable buy signal pattern. Each Golden Cross (MA50 over MA200) has a distance of roughly 950 days from the Death Cross (opposite). The Death Cross comes to signal the end (or approaching) of the cycle's...

InvestingScope

The Belgian stock market is on an aggressive sell of since late April (1D RSI = 31.496, MACD = -58.680, Highs/Lows = -51.2357) after it failed to break the 3,870 - 3,910 1W Resistance Zone. The symmetry on a peculiar 1M Head and Shoulders pattern is uncanny so we will be using the 3,200 - 3,330 supply zone (red rectangle) as a continuous buy entry until the 1W...

InvestingScope

After a trade war fueled spike, Gold has almost reached the 4H Resistance (RSI = 60.740, MACD = -1.040) which has rejected the price on 4 previous occasions. Based on the 1D Lower High trend line, the upside should be limited (RSI = 51.087, MACD = -2.250, STOCH = 24.630) unless the trade was escalates and more stock capital seeks refuge on Gold's safe haven, but...

InvestingScope

The United States Oil Fund has most likely completed its technical pull back on the 1W scale and has resumed the bullish bias (RSI = 57.828, MACD = 0.080, Highs/Lows = 0.2614). Being well supported by all the underlying trend lines, this is probably an early buy signal towards the 16.25 1W Resistance. We are long on USO with TP = 15.00. ** If you like our...

InvestingScope

The Seoul index is approaching the multi year Higher Low Support Zone on 1M, which has just turned bearish (RSI = 41.949, MACD = -21.310, Highs/Lows = -101.3235). This creates the optimal conditions for a long term quarterly buy opportunity. Based on previous similar candle patterns, the rebound is expected to go as high as +17.45%. Our target for the next three...

InvestingScope

The ProShares Ultra VIX Short-Term Futures ETF is approaching the April bottom and the symmetrical Lower Low on the 1M Falling Wedge. Being oversold (RSI = 6.651, MACD = -1698.076) a strong cyclical rebound is expected on a very structured and recurring candle pattern. We are on a long term buy on UVXY with TP = 75.00. ** If you like our free content follow...

InvestingScope

Following the late April sharp decline, the price has found support at 60.00 and has since been rising on a 4H Channel Up (RSI = 53.331, MACD = 0.320, Highs/Lows = 0.0000). 1D is on bullish MA periods aiming for a test of the 66.65 Resistance. We are expecting a bullish break out soon and remain long on WTI with TP = 66.00. ** If you like our free content...

InvestingScope

TSLA has made contact with the long term 1M Higher Low supporting trend line, which has provided strong rebound points since Nov 2013. This is the most optimal long term buy opportunity as 1W is approaching the oversold zone (RSI = 32.837). We are long on Tesla targeting 265 before the end of the year and 360 - 380 on a two year horizon. ** If you like our...

InvestingScope

Bitcoin was rejected for the 3rd time on the 8,200 - 8,360 zone, making a Triple Top rejection formation on 4H (turned neutral with RSI = 51.868, ADX = 28.597 as it is trading close to the 0.500 Fibonacci level). We are expecting the rebound zone within 6,400 - 6,800 assuming that the decline rate on every rejection increases by 0.40. There is also an obvious long...