The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30): The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it...
The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to...
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
Tesla (TSLA) has been trading within a Falling Wedge pattern of Lower Highs (Resistance) and Lower Lows (Support). The 4H MACD formed a Bullish Cross 2 days ago and last time we saw such a bullish formation this low, was on August 21. That was straight after the first Low of the Falling Wedge, which initiated the bullish sequence that formed the Lower High of...
Gold (XAUUSD) is heading into today's Nonfarm Payrolls (NFP) report trading on a Head and Shoulders (H&S) within a Channel Up pattern. Even though the volatility will be great coming into the report, we should trade this on a candle closing approach. A 4H candle closing above the 1993.50 Symmetrical Resistance, will be a bullish signal, targeting 2020, which will...
Nifty 50 Index (NIFTY) has been trading within a long-term Channel Up pattern since the June 17 2022 low and recently has found itself on a correctional 1.5 month wave under the 1D MA50 (blue trend-line) towards the 1D MA200 (orange trend-line). Last week the 1D RSI breached the 30.00 oversold mark and immediately rebounded. It hasn't been that low since June 17...
The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at...
Undoubtedly it's been the talk of the year. We are talking of course about a potential Bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC). Many analysts believe that BTC's recent rise has been due to euphoria on a potential positive result. Expectations certainly are not always met but this time, they are higher than ever. ** Are Bitcoin...
More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a...
Rivian Automotive (RIVN) hit the Higher Lows Zone and the 1D MACD is close to forming a Bullish Cross. This is a strong bullish combo signal but attention is needed as the price is below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line). The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the...
Nasdaq (NDX) has a strong rebound near the 1D MA200 (orange trend-line) last week, which formed the latest Lower Low at the bottom of the 3.5 month Channel Down. Ahead of today's Fed Rate Decision and Friday's Nonfarm Payrolls, it is important for investors to see the index holding the 1D MA200 as Support, as it will provide the technical backing for at least a...
Intel Corporation (INTC) has been trading within a Channel Up throughout the whole year and as you can see on the chart, the pressure points are best displayed with the use of the Fibonacci Channel levels. Last Thursday's bottom on the Higher Lows trend-line couldn't have come at a stronger demand level, as it hit (and immediately rebounded on) the 1D MA200...
Netflix (NFLX) has established itself above the 1D MA50 (blue trend-line) since the aggressive price jump of October 19 on its bullish earnings. Still, the price is failing to break above the top (Lower Highs trend-line) of the blue Channel Down and technically the longer it fails to do so, the higher the chances become of a rejection. Until that happens, we can...
Dow Jones (DJI) hit the bottom of the long-term Channel Up pattern by completing leg (e). This is a similar structure to the (a) - (e) sequence that bottomed on March 15. Technically this is the best buy opportunity on the index in the last 7 months. On top of that, the 1D RSI is on Higher Lows during the prices (d) - (e) wave, showcasing a huge Bullish...
The S&P500 index had a green session yesterday as the price made a Lower Low at the bottom of the Channel Down and seems to be rebounding. Technically that is the bullish leg towards the new Lower High, with the previous being priced on the 1D MA50 (blue trend-line). This Channel Down however, on a 1D RSI basis as well, resembles the August - October 2022...
Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50...
The EURJPY pair is on its 1D MA50 (blue trend-line), trading within a Channel Up since the June 28 High. It appears that smaller Megaphones within the Channel are the patterns that tend to lead the pair to its new Higher Low, that technically reaches as low as the 0.618 Fibonacci retracement level. That is our short target (156.500) but sell as high on the next...
WTI Oil (USOIL) eventually formed the Channel Up we projected on our most recent (see chart below) analysis 2 weeks ago: As the price is below both the 4H MA200 (orange trend-line) and the 4H MA50 (blue trend-line), we spot the completion of the Right Shoulder of a Head and Shoulders (H&S) pattern inside that Channel. We will not short however before the...