InvestingScope

InvestingScope

China A50 is close to making the first 1W Golden Cross in 10 years and the set up couldn't be more bullish after a consolidation of almost a year. The index is far off its ATH but still this Golden Cross can easily make it test the R1 level. Long, TP = 16,320. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes...

InvestingScope

EURCAD is bullish on its 1D technical outlook (RSI = 63.955, MACD = 0.010, ADX = 41.562) having peaked on two Channel Up patterns at the same time. Technically it should now start the new bearish wave to test the bottom a little below the 1D MA50. Short, TP = 1.57000. See how our prior idea has worked out: ## If you like our free content follow our profile...

InvestingScope

Apple is bullish on its 1D technical outlook (RSI = 67.490, MACD = 1.760, ADX = 17.850) and yesterday it started forming the first 1D Golden Cross in more than 2 years. This signals the extension of the 2nd major bullish wave of the 3 year Channel Up. The previous one made an incredible extensino to +78.49%. That gives us the target to work with for the rest of...

InvestingScope

S&P500 has turned overbought on its 1D technical outlook (RSI = 75.570, MACD = 96.940, ADX = 23.950) and rightly so as it is extending the rally after crossing above the 1W MA50. The Channel Up since late 2011 shows that when the index crosses above its 1W MA50, it tends to spend a notable time over it (and every contact is a buy opportunity), with the most recent...

InvestingScope

EURUSD is vastly overbought on its 1D technical outlook (RSI = 74.017, MACD = 0.011, ADX = 27.363) having completed a +15.64% rise from the February 3rd 2025 Low. That was a technical HL bottom on the 3 year Channel Up and the same amount of price increase was seen on its first bullish wave. When it peaked it made three successive highs over a 6 month period...

InvestingScope

Gold turned neutral again on its 1D technical outlook (RSI = 52.131, MACD = 4.646, ADX = 13.719) as after last week's selling, it recovered yesterday its 1D MA50, restoring the bullish trend. The long term trend has been extremely bullish after all and the past 2 months have simply been a consolidation stage through a Triangle pattern that worked as accumulation...

InvestingScope

Nasdaq is about to turn overbought on its 1D technical outlook (RSI = 68.420, MACD = 402.410, ADX = 22.800) but the current bullish wave shows no signs of stopping yet. The Channel Up since the April bottom indicates that a +9.50% rise is very likely before the next technical pullback, especially as long as the 1D MA50 is holding. Stay long, TP = 23,400. ## If...

InvestingScope

WTI Crude Oil has turned bearish again on its 1D technical outlook (RSI = 44.990, MACD = 0.310, ADX = 38.289) and is expected to accelerate the effect as based on the 16 year Cycles, late 2025 and most of 2026 should experience a price collapse. The most optimal Buy Zone starts at $33.00, it could go lower but that's a solid base from which to expect a bounce back...

InvestingScope

Dow is practically overbought on its 1D technical outlook (RSI = 69.306, MACD = 518.450, ADX = 36.217) but that should little affect the heavily bullish price action on the long term. The reason is that after the April bounce on the 1W MA200, Dow entered the final phase of the Bull Cycle that started on the October 2022 bottom and according to all prior bullish...

InvestingScope

Ethereum is neutral on its 1D technical outlook (RSI = 50.960, MACD = -24.810, ADX = 18.527), attempting to break over the 1D MA50, while still being inside a 6 week consolidation. This is no different than the 2016 consolidation on the 1W chart, that turned out to be just an accumulation pattern before a massive 2017 bullish breakout to the 4.0 Fibonacci...

InvestingScope

Bitcoin is neutral on its 1D technical outlook (RSI = 54.823, MACD = 486.400, ADX = 23.402) possibly going through the last consolidation before the next breakout to a new ATH. The whole 2023-2025 Bull Cycle has been on a repetitive pattern, bottoming on the HL Zone and peaking on the HH trendline, while forming clear wave structures. According to this, the next...

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Dogecoin is bearish on its 1D technical outlook (RSI = 37.555, MACD = -0.00967, ADX = 29.193), suggesting that it is heavily undervalued in relation to the position it has during the same stage of the previous Cycles. All Cycles have smashed through the top red Mayer Multiple Band before pricing the Top. This means that by the end of the year, we can expect at...

InvestingScope

Bitcoin is just now re-entering the bullish state on its 1D technical outlook (RSI = 55.820, MACD = 291.960, ADX = 15.180), being correcting/consolidating in the past 30 days. According to the Mayer Multiple Bands, it's stil inside the range (upper band) of the 1 Stdev Below-Mean-1 Stdev Above (yellow range). This suggest significant upside potential as being...

InvestingScope

Nifty is on excellent bullish levels on its 1D technical outlook (RSI = 66.330, MACD = 172.380, ADX = 16.480), extending the bullish wave of the 4 year Channel Up. Being close to the R1 already, a pullback to the 0.5 Fib and the 1W MA50 isn't unlikely, as it is what happened in September 2022. That will be our final opportunity to buy low and target the R1 level...

InvestingScope

ETHBTC turned neutral again on its 1D technical outlook (RSI = 41.566, MACD = -0.00033, ADX = 21.423) as in the past 4 weeks it failed to extend the rebound of the April 14th bottom. Ahead of a MACD Bullish Cross, a little further correction to make a Double Bottom (DB) would make the pattern more bullish, much like the December 9th 2019 DB. That was the start of...

InvestingScope

CHFJPY is highly overbought on its 1D technical outlook (RSI = 77.325, MACD = 1.496, ADX = 39.317), having crossed above its 1 year High (R1), staging a bullish breakout much like April 28th 2023. This is a direct outcome of the 1D Golden Cross, following also 1 year of accumulation. A 1W closing over the R1 validates a bullish extension to the 2.0 Fibonacci (TP =...

InvestingScope

Dow Jones is bullish on its 1D technical outlook (RSI = 62.550, MACD = 276.720, ADX = 11.070), extending the bullish wave of the 1 month Channel Up. This is only the second such wave of this pattern and its first pulled back to the 0.5 Fiboancci retracement level after making a +3.75% rise. It is possible to see such a retrace start either now or tomorrow but on...

InvestingScope

Nasdaq has entered strong bullish territory on its 1D technical outlook (RSI = 66.290, MACD = 331.080, ADX = 18.600). Despite that, it remains inside a slow moving Channel Up for the past month in contrast to the more aggressive bullish waves of the Channel Up in April and May. The 4H RSI peak may be similar to May 12th and April 24th. We believe that at least a...