Yes the Dow Jones Industrial Average Index (DJI) formed a Golden Cross on the 1D time-frame (1D MA50 (blue trend-line) crossing above the 1D MA200 (orange trend-line)) for the first time since August 05 2020 (!) with the price approaching today the 1D MA50, the closest it has been since October 24. Can this provide Support and save the day for Dow preventing it...
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above...
The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had five hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal , whose rebound reached the previous...
We haven't looked into the GBPUSD pair since almost a month, but it largely confirmed our bullish outlook: As you see the price broke above both the 1.2285 August 01 High and the 1D MA200 (orange trend-line), which has turned it already into its short-term Support. As we pointed out last time, a Channel Up (green) was formed but as the new Higher High was...
We last looked into Dogecoin (DOGEUSDT) back in late October, analyzing the potential for break-out above the Channel Down that it has been trading in since May 2021 by using the Fibonacci extension levels. As you see, the aggressive Musk-led pump hit the 1.5 Fib extension of the Channel Down, while breaking above the Bear Cycle Resistance of the 1W MA50 (green...
Revain (REVUSDT) has been trading within a Falling Wedge since the May 12 Low. Today the price broke above the 1D MA50 (blue trend-line) again but that alone isn't bullish as it remains within the Wedge. A break above its top should be enough to target the 0.000850 Resistance but only a break above the 1D MA200 (orange trend-line) can extend it. In that case we...
The EURUSD pair broke last week above the 1W MA50 (blue trend-line) and this week above the Lower Highs trend-line from the May 24 2021 market High. Last time the price was above the 1W MA50 was 18 months ago (on the week of June 21 2021!) and that alone constitutes a very strong buy signal for the long-term. The previous two times that we saw the combination of...
Bitcoin (BTCUSD) immediately got rejected upon entering the 18200 - 18900 Pivot Zone (blue), which as we mentioned in our previous analysis was the former Support Zone from June until November (having multiple rebounds/ circles) now turned into a Resistance. The price broke again below the 1D MA50 (blue trend-line) and is headed towards the Support of the 4H MA50...
Over a month ago (November 10) we posted our outlook on the Meta Platforms Inc (META) following the cutting of 11k jobs (also feature on the Editor's Pick): As you see our target has been hit as the price rose and reached the top of the Channel Down pattern that the stock has been trading in since February. The buy signals at the time were obvious as the 1D...
The Nasdaq index (NDX) rose yesterday aggressively after the lower than expected U.S. CPI but got rejected exactly on the 1 year Lower Highs trend-line (started on January 05), just below the 0.618 Fibonacci, as we showed on our analysis 2 weeks ago: As you see, this is the exact cluster level (Lower Highs on 0.618 Fib) that the Highs of March 29 and August...
The Dow Jones Industrial Average (DJI) has entered into a new short-term pattern on the 4H time-frame, a Bullish Megaphone. The 4H MA100 (green trend-line) is the pivot right in the middle of it and the short-term Support is the 1D MA300 (yellow trend-line), once a long-term Resistance which rejected the previous High on August 16. Almost two months ago with our...
The talk of the day is the U.S. CPI which moments ago came out lower than expected (7.1% against a 7.3% forecast), marking the 5th straight month that inflation dropped. This is in fact the 2nd straight month of lower than expected CPI. The question is, will this be enough to mark the end of the Bear Cycle on Bitcoin (BTCUSD) and save the day? Well that also...
*** *** For this particular analysis on the Curve DAO token we are using the CRVUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where CRV has been trading within a long-term Falling Wedge pattern. At the moment, it is rising following the (near) 1D MA50 (blue trend-line) rejection, looking like a Bull Flag , similar to that of...
*** *** For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TON has been following the exact projection we made on our previous analysis on October 21: As you see the price did break above the 1D MA50 (blue trend-line) and instantly made a strong rise....
The Chevron Corporation (CVX) has been pulling back since the November 15 rejection and is already below the 1D MA50 (blue trend-line) headed towards the 1D MA200 (orange trend-line). As you see the stock has been trading on a Fibonacci Channel since the October 29 2020 bottom and its last two Higher Lows (July 14, September 28) found Support on or around the 1W...
Mastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel. If the price breaks above, that alone would be a major bullish break-out signal for the long-term but ideally we would like to see...
Gold (XAUUSD) extended the rise as shown on our buy signal last week and tested the 1808 (August 10 High) Resistance: We see no reason to diverge from our usual strategy and although the 4H MA50 (red trend-line) is holding, we consider the Higher Lows trend-line the real Support. As long as it holds, it makes a great short-term scalping opportunity within...