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InvestingScope

CADSGD is trading within a 1.0310 - 1.0400 Rectangle on 4H (RSI = 57.936, MACD = 0, ATR = 0.0023) and we will take advantage of the swings both ways. First trade, short, TP = 1.03200.

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Nasdaq is on a simple 1D Channel Up (RSI = 63.030) halfway from completing a very aggressive Higher High candle sequence (MACD = 87.610, Highs/Lows = 108.2500, B/BP = 183.1400). As seen on the chart it posts recurring patterns that can help us calculate the next High, which should be around 7,700. Our long's TP = 7,640.

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Cardano has crossed the 4H Channel Down to the upside emphatically (overbought RSI = 78.264) and is testing the first Resistance on 1D = 0.1832. 1D is also overbought on STOCHRSI = 100, Williams = -6.422, CCI = 249.9653, Ultimate Oscillator = 71.897 but can still rise towards the second Resistance = 0.2189. In both cases, we expect a test of the lower support...

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The previous TP = 10.68907 was hit and as expected the 1D Channel Down on GBPNOK (RSI = 41.174, ADX = 24.685) has continued lower on a more steady pace and controlled bands (MACD = -0.023, Highs/Lows = 0, B/BP = -0.0513). We continue to short, TP = 10.5800.

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AUDHKD has quickly resumed the downtrend after a new Lower High on the 1D Channel Down (RSI = 40.834, MACD = -0.018, Highs/Lows = -0.0180, B/BP = -0.0503) and is now seeking its next Lower Low. A short is opened on the current market price, TP = 5.66170.

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AUDUSD has resumed the decline after a lower RSI Lower High (MACD = -0.002, Highs/Lows = -0.0024, B/BP = -0.0062) on the 1D Channel Down (RSI = 40.626). The intermediate can support for now but will be eventually crossed. A short is taken towards the next potential Lower Low, TP = 0.72794.

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USDCAD has made two successive Higher Lows (MACD, Highs/Lows, B/BP all aligned near 0) on its respective Channel Up (RSI = 59.927). The conditions are right for a long towards the latest Higher High, TP = 1.33823.

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XLMUSD crossed the 0.22 Resistance, essentially breaking the 1D Channel Down pattern (RSI = 71.105). The short was closed upon this break out, since the volume was high enough to support a rise to the previous Lower High = 0.3115. Modeled after some Bitcoin retracement zones, Stellar will either reverse now or above the 0.618 Fibonacci retracement (0.3600 -...

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The price broke the 6,820 - 6,897 Resistance zone on strong 1D RSI = 67.851, Highs/Lows = 738.8356. The 6,640 shorts were closed on break even, as the very high volume (48.12K) signified a much higher break out. However, as previously stated "according to the 1W curve since the 19,891.0 ATH on Bitcoin, the uptrend is limited to 7,712.60 (1D EMA200)", so new shorts...

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Litecoin broke the 1D Channel Down (MACD = -4.497) sideways (RSI = 46.905, ADX = 30.170, B/BP = 6.7780) creating the conditions for a short term scalping approach within a 72.845 - 89.175 Rectangle on 4H under high volatility (ATR = 1.6479). 1W however remains a strong bearish Channel (RSI = 40.579, MACD = -13.426, Highs/Lows = -22.7214, B/BP = -54.3200) so...

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The price rebounded at 6.5652 but the bounce was limited to 8.5217 on another Lower High Rejection within the 1D Channel Down (RSI = 45.058, MACD = -0.755, Highs/Lows = 0). As seen on the 1D chart however, the price has been trading above the median (red dotted line) since the beginning of June, indicating less aggressive bearish bias. We can observe this also on...

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Bitcoin was bought back at 6,100 just as quickly as it was sold at 6,800 suggesting strong sideways bias within this 1D Rectangle pattern (RSI = 54.299), as the Channel Down broke. 1H should now aim towards the 6,350 Pivot (ADX = 41.635, STOCHRSI = 0) as the rejection at 6,771.0 (Engulfing bearish candle) can be considered the new Resistance rejection on the...

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Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current...

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The price action on XRP has created a new short term 4H Channel Down that is now that is now testing the 0.4600 Resistance. Even if that breaks, the 1D Channel Down (RSI = 42.708, MACD = -0.026, B/BP = -0.0074) applies significant selling pressure near 0.48909, so a bearish continuation for Ripple is the most likely outcome at this stage. TP intact: 0.4100 and 0.35277.

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The price action delivered 420 again as Ethereum made a complete resistance - support swing within the 4H Rectangle (roughly 420 - 490). This is the current scalping strategy for short term profit seekers on ETHUSD, but the 1D Channel Down (mostly neutral Highs/Lows : 0, RSI: 49.437) should soon start applying selling pressure (MACD = -16.790). TP intact = 357.60...

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The US Dollar Index continues to trade within its 1D Rectangle (RSI = 53.043, STOCH = 50.681, Williams = -48.067, CCI = 8.9068, Highs/Lows = 0), supported at 93.200 and resisted at 95.25. Today's position is a short, TP = 93.450. A lower break out is expected around one month's time, as seen on the chart.

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NOKJPY is trading within a monthly Rectangle (RSI = 51.832, ADX = 21.125, CCI = 20.9692, Highs/Lows = 0) since early February (13.3500 - 13.900). Since July 10th it has been rejected 3 times on the Resistance so a short has been added, TP = 13.4897.

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BTC made a 6,080.80 Low On Thursday, which has so far provided a 3 day bullish streak that peaked on Sunday at 6,388.90. This succession is on a ~10K volume average as opposed to the ~22K of the downfall since 6,826.10. This could be an indication of an unsustainable bullish run, also technically interpreted as a Lower High on 1D (RSI = 45.780, Highs/Lows =...