As anticipated in my previous analysis, NAS100 reacted with bearish pressure and fell from December 2021 falling trendline. Follow the link below to see my previous analysis. Now we can expect the market to move to the downside seeing that we have a high time-frame rising channel and minor rising channel within the larger one which are considered as bearish...
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USOIL broke below its $90 major support that held price above since the beginning of this year after OPEC agreed to a small increase in oil production following calls by the U.S. and other major consumers for more supply. We can also notice that this key support marks as the neckline of the double top. I expect price to retest the broken support and continue...
NAS100 is approaching a significant December 2021 falling trendline. As expected NAS100 is managing to push toward the December 2021 falling trendline. This will be the third touch to the trendline. We will carefully observe the market reaction on this trendline. I believe the index will reverse from that level as it is in a downtrend on high time-frame, which...
First thing we can notice is the high time-frame falling channel on Gold and it is now approaching the resistance of this falling channel which meets with a horizontal key level. This area will act as a confluence and I anticipate price to fall from that level. I would like to see price rising to the resistance of the falling channel and look for selling...
We have seen Yen gaining strength the past few days and noticed the change of trends in most of the Yen pairs. CADJPY printed a high time-frame bearish reversal pattern which confirms that the pair is really changing direction to the downside. The previous day, the pair bounced up from its June 2022 low at 101.67 which I believe it is to retest the 103.41 key...
I expect NAS100 to rise to the falling trendline! But first I would like to see price rolling down around 12600-12700 and then bounce up. I expect NAS100 to reach to the falling trendline from December 2021. Do you have different view on this? Please share in the comment section below. Do also support this idea with likes.
Hello everyone, NZDJPY broke below the support of the ranging market. I believe the support should now act as resistance. I expect price to retest the broken level and keep falling. I will look out for bearish pressure from the resistance after a retest for possible sell opportunity with targets at 80.99 and 79.81. If you find this idea helpful please do support...
Technically, Gold have been trapped in a bull flag since 22 July 2022, a clear violation of this bull flag will send price to 1760. Fundamentally, The Federal Reserve is expected to raise interest rates by three-quarters of a point later today, its second hike in a row of that size. We are keen to learn of how the market will react to this. Definitely, Gold is...
Hello everyone, It was not a surprise that the FED could raise interest rate yesterday. After FOMC, we saw the stock market rallying up which eventually did a push up on NAS100. Technically, NAS100 has reached a significant key level. We also see that the index is in a rising channel. I believe the downward pressure on the index is far from over considering the...
Hello everyone, Let's take a moment to look at what is happening on NAS100. I believe the index is trying to form a rising channel since it fell from 12596. I anticipate that the market will fall to the support of this channel and rise and eventually get to the resistance of the falling trendline sometimes in the near future. If this happens then it will...
Hello everyone, Happy new week. Looking at NAS100 we see that it got rejected at around 12596 fulfilling my previous prediction. It also formed a double top which may suggest that bulls are struggling to push price further up. I would like to see price push up to 12500-12540 to look for selling opportunities. I anticipate NAS100 to fall to 11929. I will set my...
Many times we search for holy grail strategies that works and we tend to ignore some little stuffs that can help us defeat that 'Goliath', the giant market. We all know that there's no such thing as a 'holy grail' strategy. There are only certain things (simple things) that needs to be combined and when used well these can be good strategy to help us defeat that...
NAS100 rallied up strongly in the past days and it is now nearing an important zone, the resistance area around 12596 and 12800. I expect the index to react at this zone, where a fall occurs I expect this to drop at least until around 12298. Reason I expect reaction from 12596 and 12800: If we pull the Fibonacci retracement level from the high (displayed X) to...
Traders, Gold has reached a strong support level and we already saw a reaction from that support level yesterday where we witnessed a 2.2% rebound in the yellow metal. I believe Gold is nearing its point of reversing seeing that it is already showing a sign of a bullish reversal pattern around the support level. To trade Gold, I will either wait for a push to do...
Hey hey everyone, As we anticipated the giant stock Tesla violated the triangle with a gap to the top. What does that mean? Well, we can say for a meantime Tesla will be bullish. Trading suggestion: Wait for the market to retest the broken structure and look for bullish confirmation to go long with target around 900-920. Also do keep in mind that the market can...
Let's examine NAS100, first on a weekly timeframe. We see that the index has been in a strong downtrend. Was the bullish impulse that began yesterday breaking a triangle on lower timeframe a sign that the stock market is recovering? On 16 May 2022 NAS100 bottomed at around 1150 (Y) and then rallied up to test a zone that was broken at around 12945 and 13000. From...
Yesterday we saw a strong bearish impulse from 12156 as I mentioned in my previous idea and NAS100 erased at least 2.70% of its last week's gains. The market retraced up earlier today during London session and now trading around a downtrend resistance that extends from May 2022. Today I expect the market to fall from this downtrend resistance and target...