EUR/USD Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
The Eurodollar has experienced a notable recovery after successfully achieving the designated target of Inner Currency Rally 1.077. This means the Euro has bounced back significantly and shows positive momentum in the currency market.
However, as the Eurodollar approaches the next selected mark, Key Res 1.092, it may encounter significant resistance. The price of this resistance level is essential, suggesting whether the Eurodollar will likely fall further.
Furthermore, if the Eurodollar fails to surpass the Key Res 1.092 level, it could continue its downward momentum and reach the Mean Support level of 1.084. This crucial support level will offer a substantial price platform against further downward movements. Therefore, it is also essential to keep an eye on the Eurodollar's performance at this level.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future.
Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.
S&P 500 Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27, 2023. However, it's worth noting that the market can be quite reactive, and sudden fluctuations in either direction may occur. As such, traders should remain vigilant and have a sound strategy in place to deal with unexpected market movements.
EUR/USD Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The Eurodollar has undergone a notable downtrend movement from our Key Resistance level of 1.075, a significant level of resistance that the currency has been unable to break through. As a result, it is now expected to gradually move towards the Mean Support level of 1.061, which is strategic support for the currency. Furthermore, the Eurodollar may extend its bearish momentum and reach the Mean Support level of 1.056, which is a firm level of support.
However, it is worth noting that the currency could rebound toward uncompleted Inner Currency Rally 1.077 and Key Res 1.075, a level of resistance that the Eurodollar tested in this week's trading session. If the currency breaks through these two levels, it could complete the current Inner Currency Rally 1.077 and continue its upward trend.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
S&P 500 Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the reactionary nature of the market, sudden fluctuations in either direction are possible.
EUR/USD Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Make no doubt that the Eurodollar has jubilantly bounced above our Inner Currency Rally of 1.070 with an eye on the ensuing Key Res 1.075 and Inner Currency Rally of 1.077. The upcoming pivotal reversal will likely take us down to Mean Sup 1.056 and Key Sup 1.047.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Rest assured that the cryptocurrency has triumphantly bounced above our completed Inner Coin Rally 35000, indicating a promising upward trend towards Inner Coin Rally 36300 and beyond. However, the intermediate price action is currently posing to move lower towards Mean Sup 33600; it is only a matter of time before it regains momentum and surges higher.
S&P 500 Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
The Spooz index held staunchly by our completed rebound projection and Mean Res 4378 by tumbling down to Mean Sup 4224, eyeing a retest Inner Index Dip 4212 with an intermediate rebound target to Mean Res 4255. The index could extend to the next Inner Index Dip 4150 for the next week's trading.
EUR/USD Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.
S&P 500 Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.
EUR/USD Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
As our analysis of the EUR/USD daily chart for the week of October 6 indicated, the Eurodollar hit our mean resistance level of 1.062 a few times and is drifting lower toward the mean support level of 1.047. The price may rebound strongly from this zone of upcoming week price action.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.
S&P 500 Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The index's downward trend this week kicked on the seat of the pants of our projected target, Inner Index Dip 4212, repeatedly. Mean Res 4340 and even extend to Mean Res 4400 on the radar for the upcoming week's trading action; however, reignited Pivotal Down Move from Mean Res 4400 could weed out weak trading trawlers.
EUR/USD Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The Eurodollar has tested the Outer Currency Dip of 1.050 multiple times. It has risen during this week's trading session, as our EUR/USD Daily Chart Analysis for the Week of September 29 indicated: For the upcoming week, the up target is Mean Res 1.062, and on the downside the Mean Sup 1.050 and completed Outer Currency Dip of 1.050.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
As stated in the Bitcoin Daily Chart Analysis for the Week of September 29, the upward trend continued throughout the week's trading. Presently, the cryptocurrency is prepping for a surge towards Inner Coin Rally 29300, which will be followed by a decline to 28000.
S&P 500 Daily Chart Analysis For Week of September 29, 2023Technical Analysis and Outlook:
Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.
EUR/USD Daily Chart Analysis For Week of September 29, 2023Technical Analysis and Outlook:
The Eurodollar has successfully reached our predicted Next Outer Currency Dip of 1.050 and has since rebounded strongly to retest the previously achieved Outer Currency Dip of 1.062, which is now considered a new resistance point. It is possible that the trading zone may continue to rise. The next target for a decrease is the retest of the Mean Sup and Outer Currency Dip of 1.050.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 29, 2023Technical Analysis and Outlook:
Sliding down from Mean Res 27200 was this week's trading order. Following the rebound from the newly created Mean Sup 26200 and completed Inner Coin Dip 26000, the upside move is ongoing. Nevertheless, there is also a chance that the market may fall to Mean Support 26500 before resuming its upside movement.
EUR/USD Daily Chart Analysis For Week of September 22, 2023Technical Analysis and Outlook:
In this week's trading, the Eurodollar fulfilled its legacy by completing our Outer Currency Dip of 1.062 with an intermediate rebound retest to Mean Res 1.070 and 1.075 possibilities. The next major down target is the Outer Currency Dip of 1.050.
S&P 500 Daily Chart Analysis For Week of September 22, 2023Technical Analysis and Outlook:
In this week's trading, all our targets on the downside were hit: Mean Sup 4435, 4370, as well as the completed Inner Index Dip 4340. Currently,
we are expecting a rebound to Mean Res 4370, with a possibility to extend to Mean Res 4415. The possibility of reinstating down movement to Inner Index Dip 4212 is in the making.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 22, 2023Technical Analysis and Outlook:
This week, Bitcoin did a backflip and created a new Mean Res 27200, with a substantial drop-down anticipation to our strategic Mean Sup 25100 and Outer Coin Dip 24200, as we anticipate a retest of the Mean Res 27200.