Andre_Cardoso

Andre_Cardoso

FX_IDC:XAGUSD Silver’s Recent Breakout and Momentum Silver has shown impressive bullish momentum after breaking through the stubborn resistance level at $32.95. This breakout has set the stage for a potential uptrend, fueled by strong buying activity. Navigating Overbought Conditions and Historical Patterns Since October 11th, silver has been...

Andre_Cardoso

FX_IDC:EURUSD The pair is showing signs of potentially forming a head and shoulders pattern. Key support is located at 1.1065. A clear break below this level could trigger a downward movement in the pair, signaling a shift in momentum. Keep an eye on this critical support level, as it may influence the upcoming price movements.

Andre_Cardoso

FX_IDC:XAGUSD We have been anticipating a series of harmonic patterns in the markets, and silver is no exception. It is currently presenting some constructive and intuitive patterns with a high probability of manifestation. A bearish shark pattern has formed for silver at the 224% Fibonacci extension level around $31. This pattern suggests a potential...

Andre_Cardoso

FX_IDC:USDNOK The USDNOK pair continues to demonstrate remarkable complexity with multiple harmonic patterns. Let's review the previous analyses and see how the latest setup fits into the overall picture. 📉 Current Analysis: As of September 12, USDNOK is trading with intraday support at 10.765. A drop below this level might indicate a significant decline,...

Andre_Cardoso

NASDAQ:MSFT Technical Analysis of MSFT: Head and Shoulders Pattern in Formation Currently, the support established around $390 might be forming the neckline of a potential head and shoulders pattern. To complete this pattern, the right shoulder still needs to form. Key point to watch: if the right shoulder develops below the 61.8% Fibonacci retracement...

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Andre_Cardoso

Market Analysis - April 16, 2024 by André Cardoso The insights presented in this summary are intended to assist traders and investors in understanding market dynamics and identifying potential trading opportunities. I hope this summary proves to be informative and helpful to you, our readers, in your investment decisions and trading strategies. TVC:DXY The...

Andre_Cardoso

NGAS The symmetrical abcd pattern was completed at 2.49 and the bullish shark pattern was forged at the golden fib extension a couple of points($) below at 2.44. Both patterns suggest a bounce that could send ngas trading back to $5, which is equivalent to a move of 100% or 25k points above the current price. We have new fractal support at 1.96 - just below...

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TVC:DXY One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011; The inverted head and shoulders ( as a trend...

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BITSTAMP:BTCUSD

Andre_Cardoso Updated 

GLOBALPRIME:GER30 We projected this pattern for the forex analytix community last week, and it seems to be working as expected. Let's see if the German Dax holds up above 13436. Inverted head and shoulders: Resistance/neck at 13436 . Default targets for the pattern projected at 14217 ; Eventual bearish crab pattern projected below at 14036 .

Andre_Cardoso Updated 

BITSTAMP:BTCUSD After a retest of the previous fractal support from September 21, we have the most recent support forged at 39558. Based on the recent price behavior and the Fibonacci ratios presented, I assume that a clear violation of the fractal support could trigger more downside momentum for bitcoin. Price action: A head and shoulders formation will...

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BITSTAMP:ETHUSD

Andre_Cardoso Updated 

OANDA:XAGUSD In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November. Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support. Once and IF confirmed, the drop in silver could help form a " right shoulder " to a higher...

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OANDA:EURUSD

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NASDAQ:AMZN A fall below the weekly fractal support positioned at 3176 may trigger one head and shoulders with default targets pointing to 2518, representing a drop of 20.76% below the major support... We have resistance at 3462, 3549, and 3773, and the violation of the major resistance can help the formation of patterns at 4139, also representing a rise of...

Andre_Cardoso Updated 

OANDA:AUDNZD

Andre_Cardoso

BITSTAMP:ETHUSD