Bitcoin (BTC/USD) Daily Chart Analysis For April 1, 2022Technical Analysis and Outlook:
Since Friday, March 25, Bitcoin's Inner Coin Rally $48,000 and Key Res $47,900 were completed, as shown on Daily Chart Analysis For March 25. The retest of the obsoleted Key Res $44,400 is a very low probability however is alive and well. The push to retest the completed Inner Coin Rally at $48,000 and Key Res at $47,900 and move substantially higher to the next Inner Coin Rally at $54,000 is in the cards.
Financials
JPM LongGiven the recent market selloff, the reversal forming on the daily, and with interest rates on the rise, financial companies will begin to rally again. I'm looking to take a long-term position in JPM, given they are a leader in the market and pay a high dividend. Aiming to take next January's ATM (140) calls.
S&P 500 Daily Chart Analysis For March 11, 2022 Technical Analysis and Outlook
Continuation downtrend from our Mean Res 4385, the index created sub Mean Res 4275 for the near-term retest. But the current main target is Mean Sup 4170, completed Outer Index Dip 4150. The Key Sup 4070 and expended Outer Index Dip 3990 are prevailing driving trends, whereas the intermediate bullish moves within the downtrend mode are nothing but an interruption/distraction.
EUR/USD Daily Chart Analysis For March 11, 2022Technical Analysis and Outlook:
The Eurodollar practically went into euphoria to the upside after fulfilling our Inner Currency Dip 1.0820, with leftover Mean Res 1.1080 - the bullish moves are possible to this newly created resistance. The retest and revisiting Mean Sup 1.0850 and completed Inner Currency Dip are imminent - The Key Sup 1.0690 is next.
Bitcoin (BTC/USD) Daily Chart Analysis For February 25, 2022Technical Analysis and Outlook:
Presently, the interim downtrend is completed, and rebound is targeting the current Inner Coin Rally of $41,350. The Mean Res $40,000 is stubbornly holding the coin from advancing higher. Additional bullish scenarios are also possible within this trend.
S&P 500 Daily Chart Analysis For February 25, 2022 Technical Analysis and Outlook
After piercing our extended and currently completed Outer Index Dip 4150, the index is heading to newly created Mean Res 4395 and later on to 4475. The return to major Mean Sup 4220 and Mean Sup 4170 is imminent, whereas more bullish moves are also possible within the downtrend - Stray tuned.
EUR/USD Daily Chart Analysis For February 18, 2022Technical Analysis and Outlook:
The Eurodollar complete rally retest ended at Key Res 1.1455 and Completed Outer Currency Rally 1.1475 as defined on January 31, 2022 chart. The current price action continues its downtrend with a primary target, Mean Sup 1.1300. Nevertheless, the primary target is the Key Sup 1.1140 and the Inner Currency Dip 1.1100 - Stray tuned.
XLF Long
XLF
Analysis done on daily candles. The financial sector has been one of the more resilient sectors on the stock market in 2022, with most stocks managing to hold their key levels and not declining as severely as major markets. When analyzing bank stock performances, we see that they have lagged way behind many other industries since the Covid crash in recovery, but this year may bring change to that. With interest rates expected to increase starting in March, banks and other financial companies are projected to benefit from this monetary policy change. We’ve been primarily focused on the XLF ETF to gauge overall health in the financial sector; this is an ETF (exchange traded fund) that holds assets such as Berkshire Hathaway, JPMorgan, Back of America…etc. Keeping an eye on this ETF is critical if you’re interested in trading or investing in the financial sector considering it allows you to see how the overall industry is performing. Keep in mind that banks are known to be slow movers, so their breakouts may not be as robust as a tech stock breakout would be, but the patient will be rewarded in the long run.
S&P 500 Daily Chart Analysis For February 11, 2022 Technical Analysis and Outlook
The index rebounded and hit our major Mean Res 4590 as specified on January 31, 2022. The current primary trend is resumed to its downside marked Inner Index Dip 4370 with the high possibility to retest long-standing Outer Index Dip 4300 and Key Sup 4295 - The renewing the Up Main Trend is to follow.
Bitcoin (BTC/USD) Daily Chart Analysis For February 11, 2022Technical Analysis and Outlook:
Presently, an uptrend indicates that the ongoing prices are
regenerating for the next climb to Mean Res $44,400 and Inner Coin Rally $48,000. While downside shows the Outer Inner Coin Dip $30,800 and Key Sup $29,500 is intact to be addressed later.
AUD/JPY who will win the battleSell at 0.618 retracement?
There is a Fibonacci level plus an descending triangle line, so any bearish action around these levels would be desirable to enter the short.
The only thing I don't like is the higher low that the pair made in previous sessions and the pair didn't have the strength to reach the bottom line of the triangle, so this is bullish.
But in any case, we will get a clearer picture when we see the behavior of the price in the next few sessions.
S&P 500 Daily Chart Analysis For January 31, 2022 Technical Analysis and Outlook
The index rebounded and created a new Mean Res 4590 with the possibility to go as far as Mean Res 4725 (Odds >50%). The primary trend is on the downside to Inner Index Dip 4370 with the possibility to retest Outer Index Dip 4300 and Key Sup 4295 - With resuming the Up Main Trend.
Bitcoin (BTC/USD) Daily Chart Analysis For January 31, 2022Technical Analysis and Outlook:
Currently, a declining trend indicates that the ongoing decline is temporarily interrupted by a climb to Inner Coin Rally $43,000 and Mean Res $43,900. While downside shows the Outer Inner Coin Dip $30,800 and Key Sup $29,500 is intact.
EUR/USD Daily Chart Analysis For January 31, 2022Technical Analysis and Outlook:
The Eurodollar robust rally retested our Key Res 1.1455 and Completed Outer Currency Rally 1.1475. The current price action signifies a downtrend to Mean Sup 1.1300 and Key Sup 1.1140. The Inner Currency Dip 1.1100 is a significant target.
financials sector enjoying a lead on indices (XLF)XLF is one of the instruments whose sectore had a larger terminal upthrust than others, and is enjoying a more sizeable bounce than others after the current peak in volatility.
big names like V, PYPL and BAC are putting up enoughbof a struggle to say that they have tolerance to attract inflow from key players (sm, mm, tutes, pros).
it will be interesting to see if we can confirm a higher low before tech returns to help carry the market, making way for a larger comeback that could enjoy a solid outperformance on indices; at least for the time being.
EUR/USD Daily Chart Analysis For January 28, 2022Technical Analysis and Outlook:
The Eurodollar sank during the trading duration of the week and fulfilled our long-awaited retest of the completed Inner Currency Dip 1.1200, and Major Key Sup 1.1175 flagged several weeks ago. The current action means that the currency will get more volatile and, therefore, may run towards the Mean Res 1.1200 handle and resume its downward path to expended Inner Currency Dip 1.1100.
Bitcoin (BTC/USD) Daily Chart Analysis For January 28, 2022Technical Analysis and Outlook:
A declining trend continuously indicates that the ongoing plunge is still intact. Intermediate targets are Outer Coin Dip $30,800, and Key Sup $29,500. While upside show retest of the Completed Inner Coin Rally $38,950 and possibly Mean Res $43,900.