InvestingScope

InvestingScope

Ethereum has extended the consolidation within the 1D Channel Down (ADX = 18.498, CCI = 34.6330, Highs/Lows = 0.0000) and is now approaching the Lower High limitation (blue curve). 1W is still a Falling Wedge (RSI = 36.391, Highs/Lows = -98.9500) and our shorting approach remains intact. 297.50 is a key point to hold at the moment and if it breaks it will face the...

InvestingScope

EURNOK is trading on a 1D Channel Up (RSI = 57.905, MACD = 0.040, B/BP = 0.0035) that is pulling back to issue a new Higher Low. Given the neutral Highs/Lows = 0, this is close, so we will be going long with TP1 = 9.800 and TP2 = 9.8500 in extension.

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With the break above 1.1700, the breaking of the 1D Channel Down was confirmed and despite the currently neutral numbers (RSI = 52.012, Highs/Lows = 0.000, MACD = 0.0000), the pair is a better long option for the short term. As a result we have closed last weeks short with small profit and instead open a long now with TP = 1.17310. If 1.1755 breaks then the 4H...

InvestingScope

The 70.43 High landmark was achieved as the 4H Channel Up (RSI = 61.205, MACD = 0.480) made a Higher High at 70.50. It is now seen trading sideways (Highs/Lows = 0.0000) on an early weekly trade whose early Inventory speculation will indicate what the market expects of the next report, hence the trend for Tuesday, (early) Wednesday. This doesn't affect our long...

InvestingScope

XAUUSD is basically on a neutral zone at 1,180.50 - 1,218 (4H neutral on RSI = 49.677, ADX = 12.373, CCI = -31.8697, Highs/Lows = 0 and 1D neutral on RSI = 48.091, ADX = 26.626, CCI = 32.9523, Highs/Lows = 0.0000), whose break-out (either direction) will largely define the medium term trend. However due to the underlying correlation with DX and mostly with USDCNY,...

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BTC has resumed the uptrend following the 6,802.40 low making 4H an aggressive Channel Up (RSI = 61.244, MACD = 104.900) against our short term expectations. However we are still expecting on the medium term the 1D Channel Up (Highs/Lows = 277.2224, B/BP = 627.3060) to be limited just above the 0.618 Fibonacci retracement level (7,500 - 7,800), which on 1W has...

InvestingScope

TP = 12,550 hit as the 1D Channel Down (RSI = 42.259, MACD = -17.900, Highs/Lows = -20.1645, B/BP = -179.2980) made a near 12,600 Lower High. The index has now resumed the downtrend and should attempt at least another 12,100 1D support test. Our initial target is 12,130 and if 12,100 is crossed we will continue with a TP = 11,877 with the SL on profit to ensure...

InvestingScope

TP = 2,889.25 and 2,910 both hit as the 4H Channel Up (RSI = 56.683, MACD = 5.780) made a new Higher High at 2,917.50. Having now formed a new Higher Low at 2,891.75 (Highs/Lows = 0), the index is ready to reach our final TP of this weekly bullish leg = 2,930. This upside move is further strengthened by the 1D Channel Up (RSI = 66.763, MACD = 25.330, Highs/Lows =...

InvestingScope

TP = 1.03200 hit on the previous 4H Rectangle with CADSGD extending the 1D Channel Up (RSI = 53.764, MACD = 0.003, B/BP = 0.0016), which as seen on the chart (also by the neutral Highs/Lows = 0) has just priced its Higher Low. This is the best place to go long with TP = 1.06200.

InvestingScope

NZDSGD has just priced a Lower High on its 1W Channel Down (RSI = 35.543, MACD = -0.009, Highs/Lows = -0.0089, B/BP = -0.0174). 1D has just touched its 50% Fibonacci retracement point (STOCHRSI = 54.611, ADX = 20.663, Highs/Lows = 0.0000) and is expected to make a swift 100% completion. We are targeting the cross of the channel's intermediate and Lower Low inner...

InvestingScope

BTC is reversing on 1H (RSI = 39.452, MACD = -8.200, Highs/Lows = -23.6977, BBP = -115.9100) and below 6,852 we can assume that this bearish reversal is sustainable enough to drive the 4H Channel Up lower (already on a decreasing rate on RSI = 59.817,neutral CCI = 21.5111, Highs/Lows = 0.0000). We are closing the long earlier instead of 7,500, as the selling...

InvestingScope

USDSEK is trading within a long term 1W Channel Up (RSI = 67.172, MACD = 0.190, Highs/Lows = 0.1401, B/BP = 0.3894), which has just tested the first Support at 9.03686. If it doesn't continue higher from here then the Higher Low will be made at the lower Support on 8.93186. Both are technical long entries with TP = 9.35123.

InvestingScope

TP = 142.00 hit as GBPJPY declined further within the underlying 1W Channel Down (MACD = -1.500, Highs/Lows = 0, B/BP = -2.0260). The channel is now pricing a new Lower High and we are taking this opportunity to open a new short with TP = 141.269 and 138.136 in extension (but with SL on BE to secure the profit from the first TP).

InvestingScope

The Hard Red Winter Wheat is trading sideways within a long term 1W Rectangle (RSI = 51.682, Williams = -53.356, CCI = 24.4952, Highs/Lows = 0.0000) and the High Volatility (ATR = 43.4643) sustains this movement. After a successful support test, we are long with TP = 562.60.

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TP = 1.70557 and 1.67542 hit as despite a widening of the bands, GBPCAD continued declining within a wider 1W Channel Down (RSI = 38.271, MACD = -0.013, Highs/Lows = -0.0194, B/BP = -0.0751). The Lower Low appears to have been priced so an attempt for a new Lower High is expected near 1.70557. Our short target is now 1.64002.

InvestingScope

TP = 8.12285 hit as the previous Head and Shoulders pattern on 1D evolved into a Channel Up (RSI = 62.333, Highs/Lows = 0.0042, B/BP = 0.0108). The Higher Low appears to have been priced on USDNOK so we are going long with TP = 8.55 but may close at 8.50 if we see enough Resistance by the previous Higher High.

InvestingScope

Omisego is now testing the Lower High limit (4.64) of the 1D Channel Down (RSI = 49.533, MACD = -0.380). Technically the price should now resume the downtrend within the channel. If however the High breaks, be prepared for 8.44 as it is where the Resistance on the 1W Falling Wedge (green lines) is located (MACD = -2.073, Highs/Lows = -1.9711, B/BP = -4.8835)....

InvestingScope

The 1D Channel Down has gone neutral (RSI = 51.379, MACD = -0.319) as it is pricing a Lower High at 11.5000. Technically this spot is ideal to resume the longer term bearish trend. If it doesn't hold then the 1W Channel Down (Highs/Lows = -0.6954, B/BP = -3.4142) will look for its own Lower High near 12.26. Both highs (illustrated by the eclipses) are solid short...