On January 31st and February 2, Techonomic Trading Analyst posted a confluence of 2 multiyear Trendlines coming together for the Euro with a clear divergence in Price and RSI. Additionally, we posted that in our opinion this move had legs on that merit alone and that the ECB rate Decision and follow up jargon by the ECB could add strength. Techonomic Trading...
The wild volatility and basing the S&P performed in January has produced a sustainable rally for the start of February. With ADP and other (earning) reports due before the January Jobs report on Friday. Techonomic Trading Analyst are looking for a minimal retrace from a possible light ADP and Jobs report due to the Omicron variant and the slight tick down to 1.2%...
Divergence trendline has held to date. Today, pseudonymous crypto analyst (CAPO) with 239,000 Twitter followers warns that an ultimate capitulation could be approaching dipping below the 30k handle. Techonomic Trading Analyst have been in that camp for some time now. Interesting days of trading ahead. Good luck! Techonomic Trading Systems (90%) Technical Analysis...
Techonomic Trading Analyst have been publishing this chart expecting further losses. Well, it's crunch time. Techonomic Trading System --- Technical Analysis (90%) Fundamental Analysis (10%) Trading made easy.
Last week, Techonomic Trading Analysts identified a possible good risk/reward entry point for the Euro coming oof a Multiyear Trendline confluence. Judging from the divergence in Price and RSI, we feel this move has some legs. ECB rate decision and especially the jargon that will follow will be the driver for further gains, Techonomic Trading System 90% Technical...
Techonomic Trading Analyst have been short BTCUSD since conformation, on a closing basis, of a Divergence in Price/Rsi on (Nov. 18, 2021) Trendline is going to be tested for the third time in the coming days. With world Governments eyeing regulations if it succeeds, Techonomic Trading analyst are expecting further losses in the weeks ahead. We are flat at present...
Techonomic Trading analyst is 90% Technical analyst and 10% fundamental analyst. 22-year trendline should support a good bounce in the Euro as US rate hikes have been priced in. interesting week ahead. Trading made simple
