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S&P 500 Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The S&P 500 Index demonstrated significant resiliency during this week's trading session, surpassing the Inner Interim Index Rally 5443 target. Following a springy rebound, the current market price action is positioned below the newly established significant Mean Res 5564. Anticipated interim downward pressure toward the Mean Support at 5445 is probable before the index resumes its upward trajectory. The prevailing price action indicates a sustained uptrend towards the Inner Interim Index Rally at 5666, with the achieved targets expected to exert considerable downward pressure.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The Eurodollar exhibited consistent upward momentum throughout the current week's trading session. It successfully retested the Mean Resistance level of 1.099 and the completed Inner Currency Rally at 1.100. The breakthrough of these thresholds led to the establishment of a new Mean Resistance at 1.104. A breach of this pivotal level may incite rapid upward movement, targeting the Key Res 1.111 and culminating in the completion of the Inner Currency Rally at 1.112. Conversely, the prevailing downward analysis projects a sustained descent toward a critical Mean Support level of 1.097.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: During this week's trading, Bitcoin underwent a retest of our Mean Resistance level of 61700 and, subsequently, the Mean Support level of 57400, marking the completion of the Interim Coin Rally at 62600. The presence of intermediary selling pressure may lead to a decline in the coin's price action toward the Mean Support level of 56600, 54000 and potentially result in a retesting of the completed Interim Coin Dip at 50000. On the positive side, the overall trend remains optimistic, with a focus on retesting the completed Interim Coin Rally at 62600 and potential extensions to the Mean Resistance levels of 65500 and 68500, respectively.
BITSTAMP:BTCUSD
by TradeSelecter
4
S&P 500 Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: The S&P 500 Index displayed severe downward movement during the current week's trading session as we blasted through Key Sup 5238 and completed our long-time flagged target, Inner Index Dip 5131. The resilient rebound occurs, and the current market price action rests at Mean Res 5345. The likelihood of interim downward pressure toward the Mean Support at 5280 exists before the index resumes its upward trajectory. However, the prevailing price action suggests a sustained uptrend toward the Inner Interim Index Rally 5443, possibly extending to Mean Res 5525. However, these attained targets are likely to exert downward pressure.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: The Eurodollar demonstrated consistent upward momentum during this week's trading session, reaching our Mean Resistance level of 1.094 and retesting the completed Inner Currency Rally at 1.094. The substantial breakthrough of these targets resulted in establishing a new Mean Resistance at 1.099 and a complete Inner Currency Rally at 1.100. The prevailing analysis indicates a sustained downward trajectory toward a critical Mean Support level of 1.089. The breach of this significant target may prompt rapid downward movements, potentially extending to target the subsequent Mean Support level of 1.079.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: Bitcoin encountered a substantial decline during this week's trading session, reaching Mean Support 55800 and Key Support 53800, and subsequently retesting completed Outer Coin Dip 54000. The considerable selling pressure finalized Outer Coin Dip 51000 and major Key Support 50700. The overall upward trend remains ongoing, leading to the establishment of a new Mean Resistance 61700 and the completion of the Interim Coin Rally 62600. The potential extension towards Mean Resistance 65500 and 68500 holds significant promise for the forthcoming week's sessions. The likelihood of temporary downward pressure toward the Mean Support at 57400 exists before the coin resumes its upward trajectory.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: The S&P 500 Index (Spooz) displayed notable volatility during the current week's trading session, departing from recent trends. As an analysis of the Weekly Chart for July 26 reveals the index reached the projected Mean Support level of 5402 before surging to the designated target, Mean Res 5567. Upon achieving this target, the Spooz dropped to our selected Inner Index Dip 5345 target like a bad habit. The prevailing price action suggests a sustained uptrend toward the Mean Res 5449 and a possible extension to the Mean Res 5525 in the upcoming week's trading sessions. It is worth noting that these attained targets are likely to exert downward pressure.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: In the most recent trading session, the Eurodollar displayed its ability to recover from the completed Inner Currency Dip of 1.082 and Mean Support levels of 1.081 and 1.078. The prevailing analysis indicates a sustained upward trajectory toward a Mean Support level and its associated completed Inner Currency Dip of 1.094. These critical targets may prompt swift downward movements toward a Mean Support of 1.083, potentially extending to target the subsequent Mean Support level of 1.078.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: Bitcoin experienced a significant drop from an attempt to complete the Inner Coin Rally of 70400. However, the Mean Resistance 68200 was the main barrier during this week's trading session. The overall trend suggests a recovery towards Mean Resistance 65300, with a possible extension to Mean Resistance 68200 and Inner Coin Rally 70400. There may be interim downward pressure toward the Mean Support at 55800 before the coin resumes its up movement.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: During the trading session of the current week, the Eurodollar sustained its decline by the Weekly Chart Analysis for the Week of July 19. The prevailing analysis indicates a continued downward trajectory toward a Mean Support of 1.081 and its corresponding Mean Support of 1.078. The anticipated downward movements will result in an initial interim rebound, potentially reaching a Mean Resistance of 1.089.
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S&P 500 Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean Resistance target at 5567. Nonetheless, the prevailing price action indicates a sustained primary decline toward the Key Sup 5350 and Inner Index Dip of 5345 in the forthcoming week/week's trading sessions. It is acknowledged that these achieved targets will exert pressure for a robust rebound.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: Bitcoin exhibited significant down movement by reaching our Mean Support level at 64000 and subsequently rebounded strongly to retest our Mean Resistance level at 68200, as outlined in the Weekly Chart Analysis for the Week of July 19. The overall trend indicates progression toward the Inner Coin Rally at 70400, a retest of the completed Main Inner Coin Rally at 73200, and striding on to the anticipated long-term target of the Outer Coin Rally at 92000. It's important to note the initial downward pressure on the primary support at 65400 as the coin moves upward.
BITSTAMP:BTCUSD
by TradeSelecter
1
S&P 500 Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar exhibited a notable surge once again, exceeding the Mean Resistance level of 1.090 and the previously attained Inner Currency Rally of 1.091, ultimately reaching this week's Inner Currency Rally of 1.094. The prevailing analysis indicates a sustained downward movement towards Mean Sup 1.086 and its corresponding Mean Sup 1.081. The concluded downward movements are anticipated to yield an initial interim rebound, such as Mean Res 1.086.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: Bitcoin has consistently demonstrated an upward trend in the current week's trading, aligning with the projections outlined in the Daily Chart Analysis for the Week of July 12. Both the Mean Resistance level at 60400 and the subsequent Mean Resistance level at 62800 were not only reached but surpassed greatly. The overall trajectory is progressing towards the long-anticipated target of the Outer Coin Rally at 92000. Concurrently, two significant interim milestones have emerged: the Inner Coin Rally at 70400 and a retest of the completed Main Inner Coin Rally at 73300. It is imperative to underscore the substantial downward primary squeeze pressure toward 64000, prevalent across all specified upper target levels.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar has demonstrated a substantial surge, surpassing the Mean Resistance level of 1.085 and reaching the designated target of Mean Res 1.090 and the previously completed Inner Currency Rally of 1.091. The prevailing analysis suggests a potential downward movement for the Euro toward the Mean Support level of 1.086, with additional extensions identified at Mean Support levels of 1.081 and 1.078, respectively.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: Over the course of this week's trading, Bitcoin has continuously traded within the range of the completed Outer Coin Dip of 54000 and the Mean Resistance level at 57900. Our analysis anticipates a potential breakout from this fluctuation zone, implying upward movement toward the Mean Resistance level at 60400 and possibly further to the subsequent Mean Resistance level at 62800. It is important to note the presence of potential downward squeeze pressure at the specified target level.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar has surpassed the Mean Resistance level of 1.074 and is currently positioned below the Mean Resistance level of 1.085. The present analysis indicates a potential down movement for the Euro to the Mean Resistance level of 1.078 and subsequently decrease to the Mean Support level of 1.074. However, it is essential to acknowledge the potential for an upward extension towards the Mean Resistance level of 1.090.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: Bitcoin has retraced to our pre-established completed Inner Coin Dip level of 59000, Outer Coin Dip of 57000, and current Outer Coin level of 54000. We anticipate a recovery from this landmark move, with a target to attain the Mean Resistance at 57900 and extend to the Mean Resistance at 60400. Conversely, our principal downside objectives encompass a retest of the completed Outer Coin Dip 54000 and potentially the subsequent Outer Coin Dip 51000.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: The Spooz has exhibited marked downward price action during this week's trading session, swiftly descending on the last trading day of the week from our designated Key Resistance level of 5488. It displays distinctive interim bearish price action characteristics, targeting Mean Support levels at 5449 and 5420. Anticipated renewed upward movement is expected from one of these specified price targets.
SP:SPX
by TradeSelecter