Technical Analysis and Outlook: The S&P 500 index experienced a change in direction during its journey toward a Mean Support level of 5177 and bounced back to retest the Key Resistance level of 5260. The current upward trend indicates that it will reach the target of Outer Index Rally 5280, which has been long-awaited, with a high possibility of continuing the...
Technical Analysis and Outlook: According to the Daily Chart Analysis for the week of March 22, the Eurodollar has successfully completed a Squeeze Currency Dip of 1.078, which was the primary target. Consequently, this momentum is projected to generate further selling pressure, leading to a decline to the Mean Support level 1.070. Ultimately, the Eurodollar is...
Technical Analysis and Outlook: Bitcoin has achieved a decisive breach of its weak Mean Resistance level 68400, and is now eying the completed Inner Coin Rally 72500 and significant Key Resistance level 73200. The market anticipates that attaining these levels will set in motion a major bull run, with the primary target being the Inner Coin Rally 78200 first....
Today, I am looking at American fashion company, Ralph Lauren Corp. with ticker #RL. It has been growing steadily for quite some time now, and it looks like it doesn't plan on stopping. Though fundamentals of the company seem pretty good, I will not be going through them, I will only focus on technical analysis here, as I always do. What am I looking at? 1....
Exploring CADCHF, I've uncovered a compelling SHORT setup. The pair is exhibiting bearish signals, including a failure to breach key resistance levels and the formation of a potential head and shoulders pattern, indicative of a reversal to the downside. This technical perspective is reinforced by a bearish crossover in moving averages and RSI trending towards...
Upon analyzing AUDNZD, I've spotted a prime SHORT opportunity. The pair has shown signs of a bearish trend, with key indicators such as resistance rejections and a formation of lower highs suggesting downward momentum. A bearish divergence on the RSI and a potential crossover on the MACD enhance the outlook for a decline. The economic landscape further supports...
Diving into AUDJPY, I've identified compelling reasons for a SHORT position. Technical indicators highlight a bearish momentum, with the pair encountering strong resistance and showing signs of a reversal pattern. The emergence of bearish candlestick formations and a downward turn in the RSI suggest a potential decline. This technical setup is bolstered by a...
Turning my focus to AUDCHF, I’ve uncovered a compelling LONG opportunity. The pair is demonstrating bullish momentum, evidenced by a successful rebound off significant support levels and the formation of higher lows, signaling growing strength in the AUD relative to the CHF. Technical indicators, including a bullish crossover in moving averages and an RSI moving...
Examining AUDCAD, I've pinpointed a solid SHORT opportunity. The pair is exhibiting bearish signals, including a failure to break past key resistance and a notable trend of lower highs, indicating weakening momentum for the AUD against the CAD. Technical indicators such as the RSI dipping towards overbought levels and a bearish MACD crossover further validate this...
In the current forex landscape, my analysis of EURUSD points towards a strategic SHORT opportunity. The pair shows clear bearish momentum, with a rejection from key resistance levels and formation of a descending trend line. Technical indicators, such as a bearish crossover in moving averages and an RSI trending towards overbought territory, signal a potential...
Venturing into BTCUSD with a keen eye, I’ve identified a promising SHORT opportunity. Technical analysis reveals key signals: a break below support and bearish patterns indicating a potential downtrend. Additionally, overbought conditions on the RSI and a bearish MACD crossover suggest momentum may be shifting. Market sentiment and macroeconomic factors,...
Analyzing the NASDAQ, I've spotted a compelling LONG opportunity. The index is rebounding from critical support levels, with bullish candlestick patterns and moving averages signaling an uptrend. The tech sector's strength, backed by innovation and growth prospects, adds to the bullish sentiment. Economic recovery signs further bolster confidence in sustained...
Turning my analytical gaze to the US30, I've discerned a compelling SHORT opportunity amidst the current market environment. Technical indicators are signaling a potential reversal, with the index struggling at key resistance levels and forming bearish patterns, such as a double top, which traditionally precedes a downturn. Additionally, a bearish divergence on...
Venturing into the realm of XAUUSD, my comprehensive analysis signals a robust LONG opportunity. Gold is showing strong bullish indicators, including a significant bounce off key support levels and a formation of a bullish engulfing pattern, which suggests a reversal and an upcoming uptrend. This technical setup is further validated by a positive divergence in RSI...
Diving into GBPCHF, my analysis uncovers a strong case for a SHORT position. The pair is showing clear bearish indicators, with a rejection from a critical resistance level and the formation of a downward trendline. This technical perspective is complemented by bearish patterns, including a notable engulfing candle on the daily chart, signaling a potential...
Analyzing GBPUSD has led me to a compelling SHORT opportunity. The pair exhibits several bearish signals, including a failure to break above key resistance and the formation of a head and shoulders pattern, a classic reversal indicator. This technical setup is mirrored by a bearish crossover in both MACD and RSI indicators, hinting at downward momentum. On the...
In my latest examination of USDJPY, I've pinpointed a robust SHORT opportunity. This viewpoint stems from a combination of technical downturn signals and macroeconomic factors that favor the Japanese Yen over the US Dollar in the current market scenario. Technical indicators reveal a bearish momentum, with the pair struggling to breach significant resistance...
Exploring USDCAD through detailed market analysis reveals a strong case for a LONG position. Technical indicators are aligning for a bullish trend, with the pair finding solid support and starting to bounce back from recent lows. This upward momentum is signaled by key patterns and indicators, such as a bullish engulfing candle and a rising RSI, hinting at...