The pair has been consolidating on 1D being neutral on RSI = 53.770, ADX = 12.201, CCI = 45.4112, Highs/Lows = 0.0000. This present a good short opportunity on 4H as the price was rejected yesterday the moment in entered the Sell Zone at 0.90845. Our TP is 0.89550. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
The pair is trading on a 1D Channel Up (RSI = 68.410, MACD = 0.530, Highs/Lows = 0.6550) which on Friday made its technical Higher High. A pull back is now expected either on a -0.77% sequence or -1.20% to price a Higher Low. Our TP is 111.215 with 110.740 the extension. ** If you like our free content follow our profile (www.tradingview.com) to get more...
Oil made a Double Top last week on 4H just below the 58.00 mark. However the pull back was supported on the inner trend lines of the 1D Channel Up (RSI = 56.821, MACD = 1.010, Highs/Lows = 0.0000) indicating the possibility of a soft Higher Low. 4H resembles an Ascending Triangle aiming at its 58.80 Resistance. This is our weekly target. If the inner supporting...
The last previous uptrends stopped just above the 2.618 & 1.618 Fibonacci extensions respectively. This indicates that we should similarly be expecting this time either 0.0035445 or 0.0049726 in extension, with 1D on a very stable uptrend (RSI = 67.793). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
On this study we take a look at the Longs/ Shorts speculation. During this bear market, every time the RSI was oversold, it gave a Sell Signal. On the other hand during bull markets, when the RSI is oversold, if gives a Buy Signal. Quick conclusion: every time the RSI is oversold on the Longs/ Shorts, the price action follows the underlying long term trend. The...
This is a 4 year illustration of DXY's trading behavior. The chart is quite descriptive itself and since the scale is very long term it is not intended to be a trading suggestion. It is more to give an alternative idea to the Dollar's volatile patterns lately. There is a certain sequence which shows that the index may break the 1W Channel Up downwards. The Lower...
The wider 1W Channel Up on Gold remains intact (RSI = 58.687, MACD = 17.040, Highs/Lows = 4.0208). This indicates that on the long run there is still no trend reversal. Within the Channel there are some recurring patterns that suggest the price is close to a Higher Low. Add to that the vastly oversold 4H (RSI = 23.783, STOCHRSI = 0.000, Williams = -99.309) and to...
The pair is trading on a 1W Channel Down (RSI = 42.533, Highs/Lows = -0.0041, B/BP = -0.0178, MACD = -0.002) which is close to pricing a top based on a recurring bearish pattern inside the channel. A new Lower Low should follow so we are going short, TP = 1.3400. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
The pair is trading on a long term 1W Channel Down (RSI = 35.120, MACD = -1.016, Highs/Lows = -3.0639, B/BP = -4.7280). A recurring sequence inside this pattern indicates that the current bearish leg still has some downside left before making a Lower Low. Our TP is 312.700. ** If you like our free content follow our profile (www.tradingview.com) to get more...
XPTUSD is approaching the strong 1W Resistance Zone (873.80 - 878.10). In the past 15 months this level has provided a pivot point 4 times. When tested as a Resistance it rejects the price downwards. In addition to that 1D has heavily entered into overbought territory (RSI = 77.235, STOCH = 80.786, STOCHRSI = 100.00, Williams = -3.226, Ultimate Oscillator =...
The pair is trading on a 1D Channel Up. With the RSI above 65.000 and the price close to the Higher High, we are taking a short with TP the Channel's median at 1.27350. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
S&P500 has been on a very strong bullish trend since the bottom made in December. On 1D it entered a Channel Up (RSI = 65.879, MACD = 44.180, Highs/Lows = 4.6120) that recently approached overbought stochastic levels. The first bearish signal was the break of the Rising Wedge's supporting trend line that holds since the December bottom. If the 0.5000 Fibonacci...
The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly...
Nasdaq has been on a very strong 1W Channel Up since the December low rising non-stop with a few -2% - 3% pull backs along the way. With 1D approaching the overbought territory (RSI = 66.984, STOCHRSI = 99.464, Williams = -13.166, MACD = 117.170, Highs/Lows = 51.8085) a strong sell signal emerges at 7,225. As seen on the chart the rejection levels are roughly...
The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is...
The 1D Channel Up has started to pull back (RSI = 55.174, MACD = 1.530, Highs/Lows = 0.0000) in an attempt to find a Higher Low before making a new High. There is an interim supporting zone (dotted line) and which can be a target for shorts and a first long entry for buyers. If that doesn't hold, the hard technical Higher Low is located on the -8.10% retracement...
The pair has shown considerable strength since the 1.1235 bottom and as expected ( ) rebounded since the 1D Channel Down made its Lower Low (RSI = 48.749, Highs/Lows = 0.0000). The price is currently trading within a 4H Channel Up (RSI = 55.931) having completed its own Higher Low (Highs/Lows @ 0.0000) and its Higher High is limited to 1.1400 - 1.14200. The 1D...
Gold is currently trading to establish a support on 4H following last week's pull back to a new Higher Low within the 1D Channel Down (RSI = 62.099, MACD = 8.790, Highs/Lows = 3.9014). With 1D on High Volatility (ATR = 9.3829), the price is more likely to consolidate and try to establish a support sideways on 4H before the final test on the 1,357 - 1,366 Multi...