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EUR/USD Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level of 1.077. This may trigger further downward movement, leading to an additional decline. If the downward movement continues, the Eurodollar could reach the Inner Currency Dip at 1.065, which is the primary target. The Inner Currency Dip 1.065 is where the currency is expected to have the most significant support, and a reversal in trend can often occur. However, this decline will happen gradually, with Mean Support levels at 1.070 and 1.067 as intermediate upside price effects. It's important to note that various factors, such as economic data releases, political developments, and global events, can influence the Eurodollar's movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the Outer Coin Rally at 81400, which is expected to break records and disappoint those who have dismissed cryptocurrencies. However, a pullback to the Mean Sup at the 60400 price is a transient dip before the next rally. Nevertheless, the overall outlook for Bitcoin remains promising as it continues to attract more investors and gain wider acceptance. Therefore, it is crucial to keep a close eye on Bitcoin's price movements and market trends.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: As indicated on the chart analysis for February 16th, the S&P 500 (Spooz) index shined as expected and reached a new high, surpassing all resistance and index rallies, including Key Resistance at 5029, Outer Index Rally at 5035, and 5072. However, its current price action is in retreat, and it is entering a pivotal squeeze mode - a period of consolidation where the index is expected to remain within a narrow range or drop significantly lower to take a breather - Time will tell. The main down price target for the index is Mean Support at 5060, with a possibility of extending to Mean Support at 4950. Once one or both of these levels are accomplished, the index is expected to rebound strongly and continue its journey toward the Outer Index Rally at 5170.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: the current week's trading, the Eurodollar has demonstrated remarkable resilience and a keen ability to withstand significant pressure. After initially facing a considerable challenge against our Mean Resistance level at 1.084, the currency has managed to push past it briefly, indicating a bullish trend. However, the bullish run has been short-lived, as the Eurodollar has retreated to its original position, pointing to a potential bearish trend. Based on recent price action, we anticipate the currency to move towards our Mean Support level at 1.077, which could trigger a further downward slide. If this downward slide occurs, the currency could reach the Inner Currency Dip at 1.065, which will be the primary target. However, this decline may happen gradually, with Mean Support levels at 1.070 and 1.067 acting as intermediate targets. Overall, the data suggests that the Eurodollar may experience a bearish trend shortly, and traders should consider this while making their investment decisions.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook: Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability. However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.
BITSTAMP:BTCUSD
by TradeSelecter
🚀📈 ETH Price Analysis - Spot Long Trade Opportunity! 🔄📉📈 Price Movement: Momentum to Upside: ETH is gaining momentum to the upside. Resistance Break: Attempting to break through the top of the range resistance at $3,000. 💼 Trading Plan: Entry Criteria: Wait for the price to find support at around $3,000 with an opening and closing of a 4HR candle above that level. Take Profit: Target the next major resistance area between $3,300 - $3,600. Stop Loss: Set just below $2,700 for risk management. 🔄🔍 Note: Monitor the price action for confirmation and adjust the plan accordingly. 🚀💡 #ETH #CryptoTrading #PriceAnalysis 📊📌
Long
by Richtv_official
EUR/USD Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner Currency Dip of 1.065 via Mean Sup 1.071. However, an intermediate price trading at Mean Res 1.079 may cause a potential extension to 1.084.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this level. Notwithstanding, if there is a down move or gap-down before reaching the 5035 price, the Mean Sup 4985 will be the primary target. It is essential to monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
XVS: Expecting Further Sideways Movement and Long Position AccumI anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.
Long
by Shved126
S&P 500 Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the five-handle gap from the previous week's price action, which could lead to a significant pullback. That said, if the price continues to move slowly, steadily, or in a tight range, it may indicate a minor pullback before continuing on an upward trajectory toward the Outer Index Rally level of 5935. However, the violent or gap-down price movement will signal that Mean Sup 4845 is again a legitimate target. Overall, careful monitoring of the price action on the first two days of the upcoming week's session is crucial for making informed trading entry decisions.
SP:SPX
by TradeSelecter
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EUR/USD Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar exhibited a high degree of fluctuation and volatility, revolving around our Mean Support level of 1.084. Despite the fluctuations, the currency failed to rise above our Mean Resistance level of 1.090 to sustain a meaningful rebound. Currently, the Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support 1.076 and the Inner Currency Dip level of 1.075 are breached. Once these levels are eliminated, the currency will continue to decline towards the next Inner Currency Dip of 1.065. However, there is a possibility of an upward movement, in which case the currency might retest the Mean Support level of 1.090 once again before continuing its downward trend. It is important to note that breaching the Mean Resistance level of 1.090 is essential for a sustained dead-cat rebound. Therefore, traders should observe these levels closely and trade accordingly to make the most of the current market situation.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000. This move is expected to be followed by a retest of the completed Outer Coin Rally 47500, which would signify a noteworthy milestone for Bitcoin's upward momentum. In case of a downside, the coin may retest a Mean Sup 42000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Jan 26, 2024Technical Analysis and Outlook: The Eurodollar gyrated between our Mean Res 1.090 and Mean Sup 1.084 throughout this week's trading. The continuous primary downward designation is the established support level marked at 1.076 and the Inner Currency Dip level of 1.075 with a strong possibility of a dead-cat rebound to reversed (Resistance) Mean Sup 1.084. On the upside, the currency might retest a Mean Sup 1.090 before continuing its downward trend.
by TradeSelecter
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another? We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week. Good trading.
by Eightcap
S&P 500 Daily Chart Analysis For Week of Jan 19, 2024Technical Analysis and Outlook: Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of Inner Index Rally 4882, we may face a squeeze that could cause prices to drop down to the Mean Support level of 4798 and possibly even the Mean Support level of 4725.
SP:SPX
by TradeSelecter