Priceanalysis
S&P 500 Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the Spooz reignited its rally muscle to complete our Inner Index Rally 4521 and is currently processing retracement to Mean Sup 4403 - Unconfirmed. However, there is a solid expectation to march to the Outer Index Rally 4590.
EUR/USD Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the Eurodollar did its Jumpgate performance once again.
It completed our Outer Currency Rally 1.124 and is developing possible pivotal retracement to Mean Sup 1.100. However, the price may jumpstart to Inner Currency Rally 1.133.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the coin completed our Outer Coin Rally 31700 and re-traced severely hard to Mean Sup 29900. there's also a chance it will drop significantly to Mean Sup 28700 before recovering. On the upside, the coin might take a swift upward move to retest the completed Outer Coin Rally 31700 and Key Res 31500.
S&P 500 Daily Chart Analysis For Week of July 7, 2023Technical Analysis and Outlook:
This week, the Spooz failed to meet our Outer Index Rally 4480 goal due to a crime scene performance. However, we expect a strong rebound from the Mean Sup 4330 or higher, which will help us achieve our target with great force.
EUR/USD Daily Chart Analysis For Week of July 7, 2023Technical Analysis and Outlook:
This week, the Eurodollar did its Jumpgate performance. It established the newly created Mean Sup 1.085, indicating its potential to retest the completed Outer Currency Rally with determination. However, the price may decrease to Mean Sup 1.099 (the opposite of Mean Res) before returning to the crime scene.
S&P 500 Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The Inner Index Rally 4444 has been completed, which is part of the ongoing Reignited Rally. The Outer Index Rally 4480 and 4590 targets have been outstanding for a while and are important upside objectives. However, reaching the 4480 target may lead to a significant pivotal downward movement to the Mean Sup 4330. Trade Selecter needs to confirm this development.
EUR/USD Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The euro-dollar is moving towards the important Mean Sup 1.080 target after the completion of the Inner Currency Rally 1.096. However, there is a chance for a rebound with the newly established target of Mean Res 1.099 and continue beyond.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.
S&P 500 Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook:
The Reignited Rally continues to move forward this week, hitting our target Outer Index Rally 4412 and, by doing so, completing Inner Index Rally 4444. This suggests a couple of trading scenarios: The unconfirmed completion by Trade Selecter, the market severity will pull back to Mean Sup 4365, followed by a solid bounce to retest the developed and confirmed by Trade Selecter Key Res 4425. The second scenario will display Spooz regrouping within the vicinity of developing Key Res and penetrating higher by targeting Outer Index Rally 4480. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30).
EUR/USD Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook:
The euro-dollar price movement followed our projections as stated on Daily Chart Analysis For the Week of June 9 - the price action hit our initial upside target of Mean Res 1.082 and beyond by completing our Inner Currency Rally 1.096. The unconfirmed pivotal down move is in progress, with the mark aimed to mean Sup 1.080. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30) .
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook:
The coin has invalidated our completed Inner Coin Dip 25800 and Mean Sup 25700. Doing so opened the down trading area envelope to Outer Coin Dip 23950. However, a reignited rally might take us to Mean Res 27300 and Mean Res 28250, respectively. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30) .
S&P 500 Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The Reignited Rally is continuing to move forward. The bullish price action is closing on Major Key Res 4330 with a follow-through to our long-time Outer Index Rally 4412 projection. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
EUR/USD Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The euro-dollar price movement followed our projections as stated on Daily Chart Analysis For the Week of June 2 - the price action hit our initial upside target of Mean Res 1.076. The continuation of the pivotal rebound is expected to push to Mean Res 1.082 this week, following through the pivot move that will take us to Mean Sup 1.068 and possibly two extensions to fulfill our target next Inner Currency Dip 1.047 ultimately. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
CADJPY Trend Change, GBPUSD downside continuesToday, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend.
Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now, we have identified a sell pattern known as the Market Structure High, characterized by a formation of three candlesticks at point (5).
Shifting our attention to the GBPUSD, we can see that it is currently experiencing a downtrend, with the price trading below the Momentum low (5). No trend changing pattern has emerged yet, suggesting that we should anticipate further downside movement in the cable.
Enjoy trading!
S&P 500 Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
The curtailed by US holiday trading week did not surprise us; see Daily Chart Analysis For the Week of May 26. On Tuesday, after hitting our initial target Outer Index Rally 4230 and weeding out the weak longs a day later, the swift rebound on Thursday retested the 4230 again, followed up on Friday by completing our second target of extended Outer Index Rally 4285. The next upside target is major Key Res 4330 and, down the road, extended Outer Index Rally 4412. The pivotal 4230, as tooted a few weeks ago, was ultimately canceled due to price action turning south prematurely on Friday, May 19, and not confirmed by Trade Selecter's targeted movement. On the downside, the price action might take us to Mean Sup 4180; however, the upswing to Key Res 4330, within the highest probability, will emerge first.
EUR/USD Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook:
In our Daily Chart Analysis for the Week of May 26, the euro-dollar price movement followed our projections perfectly. On May 31, the price hit our initial down target of Inner Currency Dip 1.064, followed by a dead cat bounces to our Mean Res 1.075 target last Friday. The retest of the completed Inner Currency Dip 1.064 is in progress, with the strong possibility of falling further to Mean Sup 1.054.
EUR/USD Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
This week's eurodollar price action was lower, and the current trading pattern suggests the designated target of the Inner Currency Dip is 1.064 in the making, as indicated in last week's daily chart analysis, with the possibility of falling further to Mean Sup 1.054. We also anticipate a quick rebound to Mean Res 1.075 with the potential to reach Mean Res 1.082 upon completion of its main target.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook:
During this week's trading, the coin has successfully retested the Inner Coin Dip zone and is now expected to bounce back towards the newly established Mean Res $27,500 target. Furthermore, it is anticipated to continue its upward movement towards Mean Res $28,250 in the upcoming week, thereby reigniting the price action upward direction.
S&P 500 Daily Chart Analysis For Week of May 19, 2023Technical Analysis and Outlook:
This week's index has increased substantially in conformity with the S&P 500 Daily Chart Analysis for the Week of May 12. It is expected to reach our primary destination of Outer Index Rally at 4230. However, there's a possibility of a drop to Mean Sup 4161.
EUR/USD Daily Chart Analysis For Week of May 19, 2023Technical Analysis and Outlook:
This week's currency drifted lower with the stronghold of our Mean Sup 1.076. Based on the current trading pattern, this downward trend is in dead cat rebound mode targeting Mean Res 1.087. The designated target of the Inner Currency Dip is 1.064 in the cards.