Bitcoin (BTCUSD) has completed a Bullish Cross on the 3D time-frame and that helped the price last week to start the short term rise that broke above the 3D MA50 (blue trend-line) for the first time since mid August. The previous 3 MACD Bullish Crosses have all delivered a Higher High within the 11 month Channel Up. What's also interesting is how firmly the MA100...
The DXY (U.S. Dollar Index) is on a strong 3 month rally that has taken the market by surprise. However if we look on the (much) larger time-frames such as today's 1M (monthly), we see that this move wasn't so unexpected. First of all, the price rebounded just before it hit the 1M MA50 (blue trend-line). On a large scale, DXY is simply extending the Channel Up...
Avalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D...
Understanding WTI Oil (USOIL) on the larger, long-term time-frames such as the 1W or 1M charts can broader your perspective and allow you to consider market dynamics that you never thought they were possible to affect the trend. From time to time we tend to make such studies in order to give you an idea of how the long-term trend may be shaped. Example of such...
Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months: The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is...
The USDDKK has been rising almost non-stop since mid-July and last week completed a Golden Cross on the 1D time-frame. On a 7-year span, every 1D Golden Cross pattern extended a long-term uptrend that was already underway. On the last 2 occasions in particular, the uptrend that started has been extremely strong but when the 1W RSI came close to the 70.00...
It has been almost 1 year since we published a long-term perspective on the USDHKD pair (chart below) based on a cyclical behavior and as you see it has worked wonderfully: Basically the Sine Waves couldn't have mapped it better and have successfully projected the sharp fall straight after our article as well as the one that started in May (2023). Right now...
On last week's Gold (XAUUSD) analysis we called it was time to finally break below the 1W MA50 (chart below) and it did in spectacular fashion, already hitting the 1850 target: The price now almost hit the 1W MA200 (red trend-line) and being near the bottom (Lower Lows trend-line) of the 5-month Channel Down, the conditions for a short-term (at least) rebound...
The S&P500 (SPX) is testing the bottom (Higher Lows trend-line) of the 12-month Channel Up pattern. It is vital for the uptrend that the following Support Cluster holds, as if broken, the next Demand/ Support Zone is seen considerably lower, in the low 3800s. Back to the Support Zone. Besides the bottom of the Channel Up, we have the 1D MA200 (orange trend-line)...
We haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal: The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as...
Bitcoin (BTCUSD) may have found Support on the 1W MA50 (blue trend-line) and rebounded but for basically the last 6 months it has been trading sideways/ consolidating. On the other hand, this hasn't stopped the altcoin market (orange trend-line depicting dominance) from breaking above its Bear Cycle's Lower Highs trend-line 6 weeks ago. Historically, when alts...
United Health Group Incorporated (UNH) broke above the Lower Highs trend-line that has been holding since the October 31 2022 All Time High (ATH). That is a major bullish break-out signal alone but has one last short-term Resistance to overcome, Resistance 1 (516.00) which happens to be exactly on the 0.618 Fibonacci retracement level. If that Resistance level...
Pfizer (PFE) has been trading within a Channel Down pattern since the start of the year and on Friday it registered the strongest green 1D candle since the recent Lower Low leg started in August. This is technically the start of the new rebound leg towards a new Lower High. Those have been priced within the 1D MA50 (blue trend-line) and 1D MA100 (green...
The GBPUSD pair has completed 2 straight red months (1M candles) after an emphatic rejection within the 1M MA100 (green trend-line) and 1M MA50 (blue trend-line). We rarely look at the 1M (monthly) time-frame but this time it is needed in order to gain a long-term perspective following this rejection and bearish reversal. July's rejection took place none other...
WTI Oil (USOIL) hit and broke last week the 93.75 Resistance (which was the October 10 & November 07 2022 Highs) but failed to stay above it and got aggressively rejected back below it. This emphatic rejection indicates that as long as the price doesn't close a 1W candle above the Resistance, the short-term trend has more probabilities of being bearish. ** Cup...
It has been long since we last traded the USDCNY pair (May 2023), that gave a solid short-term buy break-out signal (chart below): The trend has broken aggressively inside a long term Channel Up, which recently broke above the 7.3300 Resistance but only marginally. It stands out that the Resistance breach was made on the Head of a potential Head and Shoulders...
Bitcoin (BTCUSD) is having a strong break-out day on the 1D time-frames and below but this is only on the short-term. Still it is a step in the right direction on the long-term after trading sideways in the last 6 months within the 1W MA50 (Support) and 1W MA100 (Resistance). ** Cycle Peaks and angles ** Today's study brings you the a multi-cycle depiction on...
Following yesterday's green stock market reaction, we compare on today's analysis VIX (Volatility Index) to the S&P500 (SPX) price action on the 1D time-frame. Our goal is to find clues to how the Volatility Index can affect the stocks. As you can see, VIX is trading within an Ascending Triangle which 2 days ago got rejected on its top (Higher Highs) trend-line....