Technical Analysis and Outlook British Pound bounced to its highest level seen since Dec 31. The GBP/USD pair had marked an initial spike to the upside, which was capped by completing our Outer Currency Rally 1.2931 . Sterling is in a new setup having a current completed rally, following completion of Outer Currency Dip 1.2489 completion on Dec 11. On the...
Technical Analysis and Outlook Bitcoin has been retesting the Mean Support $3577 after the dive, however, for now, the crypto-coin showed some stability amid the widespread sell-off. The token continues on its path to Outer Coin Dip $2860 as flagged long, long time ago. A test of the vital Key Support long-term $3191 level seems reasonable in the upcoming...
Technical Analysis and Outlook Gold is trading laterally today following a quiet overnight session – currently up over $5.5 at $1292. As stated on Market Commentary-January 5, Friday (Jan 4) trading session, front-month Gold already has gotten to our Outer Gold Rally $1302 target - along with Inner Gold Rally $1296 . Every trading day this week could be...
Technical Analysis and Outlook The Euro Dollar reach its highest level ever since the middle of October 2018, and the currency pair might eventually test the October swing Key Resistance 1.1593 , and possibly to advance to Currency Rally 1.1682 . On the downside, we see Mean Support 1.1443 as an intermediate stop, while more significant Mean Support 1.1294 ...
Technical Analysis and Outlook Crude oil continues to extend its gains following Oil Rally $50.40 completion. The latest increase might be mitigated with a farther advancement to Key Resistance $53.10 , and perhaps Oil Rally $54.50 - we shall see. Intermediate Mean Support $44.90 and Key Support $42.50 will continue to serve as intermediate stops of the...
Currently, we have Index Rally 2622 and Key Resistance 2585 to observe, while there is Mean Support 2450 and Key Support 2352 level established on the downside to be revisited in near-term. See tab for full Market Commentary - Jan 5.
Technical Analysis and Outlook Gold’s bull market has only commenced. Gold will reap some benefits coming from the diversification from stocks. From the low of $1160 ever since President Trump was inaugurated, Gold has produced a 2-year bottom base, so we anticipate the Gold rally to go on with a near-term target at Gold Rally $1302 . The Gold completed ...
Technical Analysis and Outlook WTI (West Texas Intermediate) crude oil rose slightly from their last settlement on Dec 31 to $45.70 on Jan 2. Prices continue posting their three-day rise. Major Key Support $42.50 will serve as an intermediate stop of the vicious decline we had so far: however, the latest increase might be mitigated with a bounce to...
Technical Analysis and Outlook Currently, we have Inner Index Dip 2382 and Outer Index Dip 2350 completed. The very strategic Key Resistance 2585 level is found, while there is Major Key Support 2350 level established to be revisited in near-term. This index price action will develop very swiftly. See 'Indices Market' tab for full Market Commentary.
Technical Analysis and Outlook The Gold Rally completed Phase 2/2 of Stage 3, by completing Outer Gold Rally $1279 and Inner Gold Rally $1275 , while the next Gold Rally stands at $1302 contingent, there will be no major resistance level flagged by Trade Selector Signal system. The down risk is a new Mean Support $1255 and established Key Support $1237 ....
Technical Analysis and Outlook As shown on Nov 24 chart analysis, DJI inner Index Dip 23210 was completed as of Dec 20 trading session, while Current Index Dip 23365 is open for business. There is two additional Index Dip outcome for mid-long term perspective. Currently, we have two strategic resistance levels to be aware of. Mean Res registered at 23223 ...
Technical Analysis and Outlook As shown on Dec 20 chart analysis, S&P500 inner Index Dip 2490 was completed as of Dec 19 trading session, while Current Index Dip 2382 is open for business. There is three additional Index Dip outcome for mid-long term perspective. Currently, we have two strategic resistance levels to be aware of. Mean Res registered at 2547 ...
Technical Analysis and Outlook As shown on Nov 21 chart analysis, NASDAQ's inner Index Dip 6273 was completed as of Dec 20 trading session, while current Index Dip lays at 5917 . There is three additional Index Dip outcome for mid-long term perspective. Currently, we have one strategic Key Res registered at 6485 and no significant support levels other than...
Technical Analysis and Outlook The Gold Rally completed Phase 1/2 of Stage 3, by closing above Key Resistance marked at $1257, while the next Gold Rally $1275 outcome is posed with a 2-Phase movement. The down risk continuous to be Mean Support $1237 level (For the latest market talk, please see the site 'Market Commentary' tab).
Technical Analysis and Outlook With the robust breakout of the weak Mean Resistance $3534 , Bitcoin has taken a Dead-Cat-Bounce journey to Coin Rally $4161 . It is now in a position to climb to the Key Resistance $4243 before a significant downturn. (See 'Market Commentary' Tab)
Technical Analysis and Outlook The S&P500 closed sharply lower on Wednesday as it completes its Inner Index Dip to 2490 . The low-range close sets the stage for a steady to higher Dead-Cat-Bounce to Mean Resistance 2590 level (Leg 5). While the second resistance lays at Key Resistance 2651. Currently, there are no significant support levels other than...
Technical Analysis and Outlook The Gold Rally and Key Resistance marked at $1248 target have been addressed while the next Gold Rally $1275 and Key Resistance $1257 is posed with a 2-Phase Stage 3 movement. The down risk is Mean Support $1237 level (For the latest market talk, please see the site 'Market Commentary' tab).
Technical Analysis and Outlook Bitcoin moved to our Mean Resistance $3534 following takeout the Yearly Low $3212 on Dec 14. This week, we will keep an eye on with the very same format as we hunt for the main altcoin most likely move to a prolong projected price point - Outer Dip Coin 2860 .