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Priceanalysis

EUR/USD Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: The Eurodollar experienced sustained bearish sentiment during this week's trading session, reaching our reignited Inner Currency Dip of 1.090. The prevailing selling pressure towards the support level of 1.079 is temporarily halted. A transient rebound is anticipated due to the significance of completing the Inner Currency Dip. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 remains substantial.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: The Bitcoin "Interim Squeeze" channel underwent retesting during this week's trading session. It exhibited upward movement to Mean Res 64000 and subsequent downward movement to Mean Sup 60200, and it is currently poised to return to Mean Res 64000. A breach of this critical resistance level will catalyze a movement towards the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. However, failure to achieve this rally will result in a downside interim bearish sentiment, leading to a decline in the coin's price to the Mean Support level of 58000 and possibly an Inner Coin Dip of 55500. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BITSTAMP:BTCUSD
by TradeSelecter
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview: Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level. If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively. Key Levels to Watch: Current resistance: $2,800. A break above this level would signal buyers regaining control. Support: $2,400. Losing this could trigger further downside to $2,000. Outlook: Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum. #Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
COINBASE:ETHUSD
by Richtv_official
S&P 500 Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: In the preceding week's Daily Chart Analysis for the Week of Sep 27, the index adhered to the anticipated behavior by attaining the robust support level at Mean Sup 5700. This notable resurgence in the primary trend will likely prompt a robust bull movement toward the completed Inner Index Rally at 5763, with a high probability of surpassing it and progressing towards the awaited Outer Index Rally at 5840 within the upcoming trading session. It is imperative to acknowledge that reaching these objectives will trigger a volatile downward sentiment price action.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: The Eurodollar exhibited significant bearish sentiment during this week's trading session, and uncertainty prevailed regarding the currency trajectory amid Dead-Cat rebound activity. Three critical support levels were breached: Mean Support at 1.111, 1.108, and 1.101, ultimately stabilizing at the pivotal Mean Support of 1.097. The prevailing short-term buying pressure propels the currency towards a potential upward movement to the Mean Resistance level of 1.103. Nevertheless, the likelihood of further declines to the supplementary Inner Currency Dip at 1.090 remains strong, given the current interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: The "Interim Squeeze" of Bitcoin has witnessed a significant decline to our Mean Support levels at 64400 and 63100, as well as the newly established 60200. On the upside, the cryptocurrency is approaching the critical Mean Resistance level of 64000. A breach of this pivotal level will trigger the movement to the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. Nevertheless, the prevailing market interim bearish sentiment anticipates a drop to the Mean Support level at 58000, with the potential for an extension to the Inner Coin Dip 55500 before initiating the primary recovery and progressing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: The Eurodollar has exhibited volatile fluctuations in the current trading session, encountering resistance at the pivotal Key Resistance level of 1.119 with a possible extension to retest the completed Outer Currency Rally of 1.124. This pattern reflects uncertainty regarding the currency's trajectory amidst the ongoing Dead-Cat rebound activity. The prevailing short-term buying pressure is directing the currency towards a potential downward movement to the support level of 1.111, with the prospect of further declines to supplementary support levels at 1.108 and 1.101, given the present interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: During the recent weekly market activity, Bitcoin surpassed the completed Interim Coin Rally at 64900 but encountered resistance before reaching the subsequent significant target, which was noted at 67000. However, the prevailing market sentiment suggests a potential retracement to the Mean Support level at 64400, with the possibility of an extension before commencing the primary recovery and advancing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: In the current week's trading sessions, the S&P 500 Index has demonstrated significant fluctuations, breaching the Mean Resistance level of 5648 and attaining the Inner Index Rally level of 5666 and the Key Resistance level of 5667. The index is on the verge of achieving the targeted Inner Index Rally at 5739. Yet, a potential retraction to 5620 in the upcoming week's session, with the prospect of further descent to the subsequent Mean Support indicated at 5552, could disrupt this progression. Conversely, an expected downward trend may be intercepted by the realization of a robust rebound to the Inner Index Rally at 5739, negating the anticipated decline.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: In the current week's trading session, the Eurodollar has displayed significant volatility within the defined range of Mean Support at 1.101 and Key Resistance at 1.119. This behavior reflects uncertainty regarding the currency's trajectory amidst the ongoing Dead-Cat rebound activity. The prevailing transient buying pressure is steering the currency towards a downward retreat to the support level of 1.111, with potential further retreats to supplementary support levels at 1.108 and 1.101 in light of the ongoing interim price movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: The current market activity exhibits a robust recovery from our Mean Support level at 57300, surpassing the Mean Resistance of 60500. It is poised to achieve our secondary rebound target: the Completed Interim Coin Rally denoted at 64500. Nonetheless, prevailing market sentiment suggests a potential retracement to the Mean Support level at 61900 before initiating the primary recovery and progressing into the subsequent phase to retest our completed Interim Coin Rally at 64900 and beyond.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with the possibility of further movement to the subsequent Inner Index Rally at 5739. Conversely, an anticipated downward movement toward the targeted Mean Support level of 5557 is expected upon achieving a resilient rebound.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar exhibited a modest decline, briefly breaching the predefined support level of 1.103 and decisively transitioning to the freshly established resistance level of 1.110. The transient selling propels the currency downwards to the support level of 1.101, with a potential extension to the supplementary support levels of 1.097 and 1.091 amidst the interim price movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: The recent market activity demonstrated a resilient rebound from our Key Support level at 53000, surpassing the Mean Resistance levels at 56700 and 59700 and peaking at the newly established Mean Resistance level at 60500. Current market sentiment indicates a potential retracement to the Mean Support level at 57300 before initiating the primary rekindled rebound and progressing into the second phase to retest our completed Interim Coin Rally at 64900.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: In the current week's trading session, the Eurodollar exhibited a rebound from the Mean Support level of 1.102. It effectively breached our Mean Resistance level at 1.109, establishing a newly created Mean Res 1.115. The transient selling pressure led to a significant downward movement and is anticipated to retrace back towards the Mean Support at 1.102, possibly reaching down to the interim level of Mean Support at 1.097 in the interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: The recent market activity witnessed a continued decline in the value of Bitcoin, leading to a significant drop and triggering a shift to our designated Key Support level of 54000. Current market sentiment indicates a potential recovery towards Mean Resistance 56700, possibly extending to Mean Resistance 59200. It is pertinent to acknowledge that persistent selling pressure at this stage could precipitate a further down towards the previously completed Interim Coin Dip 50000 before a resurgence occurs.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: Throughout the current week's trading sessions, the S&P 500 Index has exhibited notable fluctuations, initially reaching the Mean Support level of 5570 and subsequently demonstrating resilience by rebounding toward the specified targets outlined in the preceding weekly analysis, encompassing the completed Inner Index Rally at 5666 and Key Resistance level at 5667. Beyond those targets, the focus is on attaining the extended rebound targets, specifically the next Inner Index Rally at 5745 and the long-awaited Outer Index Rally at 5840. It is essential to recognize that achieving these targets will likely prompt a selling price action.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: Throughout the current week's trading session, the Eurodollar has demonstrated significant downward momentum after retesting the pivotal completed Inner Currency Rally at 1.120. The resultant downward trend has effectively suppressed our Mean Support at 1.111 and currently encounters selling pressure at the present level, potentially driving the price down to our designated support levels of 1.102 and 1.097. Nevertheless, the possibility exists of transient buying pressure, which will cause a push in price to Mean Resistance at 1.109 in the interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: The "Primary Squeeze" of Bitcoin has experienced a significant drop to our Mean Support levels at 62700 and 60300, and it currently hovers just above the critical Mean Support level at 57600. Currently, the cryptocurrency is positioned for further upward movement, with the primary target being a retest of the completed Interim Coin Rally marked at 64900. It is noteworthy that the selling pressure at this level may lead to a decline in the coin's price towards the Key Support level at 54000.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Throughout the current week's trading session, the S&P 500 Index has demonstrated notable resilience, surpassing the Mean Resistance level of 5564 and positioning itself beneath the attained Inner Index Rally at 5666. The prevailing price action indicates a sustained upward momentum aimed at retesting the completed Interim Index Rally at 5666, with an eye on the subsequent upside objectives represented by the Inner Index Rally at 5745 and the ultimate Outer Index Rally at 5840. It is important to note that the attainment of these targets is likely to prompt a selling price action.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: The Eurodollar showed strong upward momentum throughout this week's trading session. It reached our Key Resistance at 1.111 and completed the Inner Currency Rally at 1.112. Further buying pressure pushed the price to complete an extended Inner Currency Rally at 1.120, with the potential to reach the completed Outer Currency Rally at 1.124. Conversely, selling pressure at the current level could drive the price down to our Support level of 1.111.
by TradeSelecter