InvestingScope

InvestingScope

GBPJPY is neutral on its 1D technical outlook (RSI = 54.480, MACD = 0.880, ADX = 34.811) as it's been basically consolidating since last Friday with the price ranging around the 1D MA50 and 1D MA200. This consolidation is being done while the 1D RSI shows a Bullish Divergence in a Channel Up. Last time this happened was in March 2023, a Bullish Flag that pushed...

InvestingScope

GBPUSD is neutral on its 1D technical outlook (RSI = 54.143, MACD = 0.08, ADX = 33.338) but still bullish on 1W (RSI = 64.701). After rising nonstop since April and basically not having a long term correction since October 2023, we expect this bullish cycle of GBPUSD to be coming to an end. The Sine Waves structure is further proof of that, as it is past its top...

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EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger...

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Nasdaq has almost turned neutral again on its 1D technical outlook (RSI = 55.199, MACD = 255.840, ADX = 43.908), which is gradually starting to wave a buy signal again as the price almost hit the 4H MA200. Technically if the 4H RSI approaches the oversold level of 30.000, it is the first buy entry inside the Channel Up. We already have a 4H Golden Cross in our...

InvestingScope

Alibaba despite today's correction, remains massively overbought both on the 1D technical outlook (RSI = 81.819, MACD = 5.940, ADX = 34.506) and on 1W (RSI = 75.158, MACD = 5.970, ADX = 33.938). As the price almost reached the 1W MA200, we expect a technical correction near the 1W MA50, which is the pattern the stock followed on its previous historic expansion in...

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Binance Coin may be neutral on its 1D technical outlook (RSI = 50.922, MACD = 14.240, ADX = 37.132) but this consolidation is a build up to a potential price explosion, as the market tested and held the 1W MA50 in August. This is a similar pattern followed in October 2020 and before that in 2017, which led to the cylical rally to a blow off top. On each Cycle it...

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Excellent bullish technicals on its 1D outlook for the S&P500 (RSI = 64.960, MACD = 69.000, ADX = 26.170), despite turning mostly sideways in the past trading days. However, having reached the HH trendline, we can see from the past two similar patterns that a consolidation is normal and as long as the 1D MA50 holds, the index is more likely to continue the...

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USDCAD is almost neutral on its 1D technical outlook (RSI = 44.464, MACD = -0.002, ADX = 19.851) as it rebounded on August's low. This is a similar price action to the April-May 2023 sequence and as long as the 1D MA50 contains the price under it, we will be bearish. Our Target is just over the S1 Zone (TP = 1.32500). ## If you like our free content follow our...

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AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming...

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Bitcoin is on excellent bullish levels on its 1D technical outlook (RSI = 66.493, MACD = 1450.700, ADX = 46.244) as it is extending a Channel Up since the Sep 6th low. The 4H MA50 has supported three times with the latest being just yesterday (Sep 26th). The two before initiated bullish waves of +9.06% and +11.39%. For as long as the 4H MA50 supports, we expect...

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USDCHF is bearish on its 1D technical outlook (RSI = 39.352, MACD = 0.004, ADX = 28.323) as despite the one month consolidaiton since Aug 27th, it is still inside a Channel Down long term. Technically as it approaches the top even sideways, it should start the new bearish wave. The one prior to that hit the 2.0 Fibonacci level. We expect a similar LL to be priced...

InvestingScope

GBPJPY got oversold on its 1D technical outlook (RSI = 28.124, MACD = -0.770, ADX = 29.222) as it was rejected today on the 1D MA50. On Sep 16th it touched the bottom of the long term Channel Up and rebounded, while the 1D RSI has been on a bullish divergence. We expect this bottom to be in the form of an Inverse Head and Shoulders. We are aiming for the 1D MA200...

InvestingScope

USDJPY is neutral on its 1D technical outlook (RSI = 52.086, MACD = -0.760, ADX = 27.579) as it is recovering from the previous oversold state and is already approaching the 1D MA50. September 16th was technically the new HL on the one year Channel Up bottom, with the 1D RSI already on a bullish divergence. These are all formation we saw on its previous bottom on...

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Nasdaq turned on excellent bullish technicals on the 1D timeframe (RSI = 63.446, MACD = 268.010, ADX = 43.526) and that sets the tone for a strong medium term continuation. On the short term 1H timeframe however, we had a strong pullback today of -1.75%, the strongest inside the the two week Channel Up, but along the lines of the previous two. It managed to reach...

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Even though Dow Jones has reached the top of its Channel Up pattern, it remains on very balanced bullish technicals on the 1D time-frame (RSI = 62.120, MACD = 487.030, ADX = 32.488). Our trading plan will be based upon breakouts. As long as the price remains under the top of the Channel Up and over the dashed trendline of the August wave, it is a no action (do...

InvestingScope

Gold is highly overbought on its 1D technical outlook (RSI = 75.774, MACD = 45.540, ADX = 41.502) while at the same time it is approaching the top of the one year Channel Up. The two bullish waves of the pattern reached their HH after +22.50% and +18.50% rises and then turned sideways into a consolidation Rectangle. So even though the price can extend some more to...

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Solana just turned bullish on its 1D timeframe (RSI = 58.732, MACD = 1.506, ADX = 22.317) but remains neutral on the 1W (RSI = 51.934, MACD = 6.162, ADX = 25.249) which underlines its undervalued nature. Since the August low, the price has held the 1W MA50, cementing it as Support and appears to be ready for a breakout. This breakout can be a parabolic one, same...

InvestingScope

Advanced Micro Devices is about to test the 1D MA200 on very healthy bullish technicals on the 1D timeframe (RSI = 60.924, MACD = 3.070, ADX = 28.078). This chart is on the 1W timeframe which is still neutral (RSI = 52.205, MACD = -1.400, ADX = 23.295), meaning that if the 1D MA200 breaks, the market would still be significantly undervalued with strong upside...