InvestingScope

InvestingScope

Gold turned neutral on its 1D technical outlook (RSI = 53.839, MACD = 29.400, ADX = 32.463), which is normal due to the correction this week. The long term pattern is still a Channel Up though, so priority is to take advantage of such pullbacks and buy. We see that Gold tends to get rejected on its top and the pull back to the 1D MA50, in order to turn ranged and...

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Dow Jones is on very steady bullish levels on its 1D technical outlook (RSI = 60.810, MACD = 361.330, ADX = 26.315) and this is further displayed on the chart where the two month Channel Up has ended its consolidation and should technically move to the next HH. The 1D MACD is close to a new Bullish Cross, the strongest validation for buying inside this Channel. We...

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NZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term...

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EURGBP is neutral on its 1D techhnical outlook (RSI = 48.804, MACD = -0.002, ADX = 22.675) as it consolidates having failed to cross over the 1D MA50. Given the 1 year Channel Down pattern, the 1D MA50 shouldn't stand as a Resistance for long, since the price is having this rebound after a clear LL on its bottom. We expect the 1D MA200 to be tested (TP = 0.8500)...

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EURUSD is highly bearish on its 1D technical outlook (RSI = 38.133, MACD = -0.002, ADX = 30.825) which given the fact that the price is approaching the LL trendline, it allows for some room to recover some losses. We expect this to be a dead cat bounce but a short term buy opportunity nonetheless. Target the 4H MA200 and the 0.5 Fibonacci level (TP =...

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Nasdaq is marginally bullish on its 1D technical outlook (RSI = 57.848, MACD = 196.930, ADX = 44.220) and that shows the strong upside that the 1H momentum has today. Technically it is on a similar situation like Sep 19th when it crossed over a Channel Up and made a +3.00% rise on the 2.0 Fib. A 1H Golden Cross is about to take place, so we think that is a strong...

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Copper is neutral on its 1D technical outlook (RSI = 54.137, MACD = 0.100, ADX = 52.223) and that is the ideal buy opportunity as the price is pulling back to the 1D MA50 and the bottom of the Channel Up. We are aiming for a little over the 0.786 Fib (TP = 5.000), like the Jan 18th 2023 High. ## If you like our free content follow our profile to get more daily...

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Super Micro Computer just broke over the LH 1 trendline holding since July 15th and is about to turn bullish again on the 1D technical outlook (RSI = 54.296, MACD = -2.380, ADX = 24.033). Coming off a double bottom (DB), the only resistance left before the bullish trend is resumed, is the 1D MA50 (untested since July 17th). The 1D RSI already made its breakout...

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Natural Gas is about to turned neutral on its 1D technical outlook (RSI = 58.678, MACD = 0.175, ADX = 30.811), previously from an overbough state, as it made a standard LH rejection at the top of a year long Triangle pattern. The 1D RSI peaked like all prior LH, the 1D MACD is forming a Bearish Cross (again like all prior LH), so we have a prime sell signal in our...

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S&P500 just turned bullish on its 1D technical outlook (RSI = 57.810, MACD = 53.820, ADX = 46.107) and that should give a new boost to the already bullish 1W timeframe (RSI = 63.805, MACD = 167.870, ADX = 40.687), which showcases the long term trend. And that long term price action can't be shown more effectively than on the 1W timeframe. We have spotted that the...

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Bitcoin is rebounding today aggressively on the 1D MA50, being only neutral on its 1D technical outlook (RSI = 52.075, MACD = 23.455, ADX = 23.455), indicating that the upside potential is tremendous. One correlating asset in particular is showing that an insane rally is about to start, and that's the USDT Dominance. It is about to make a bearish reversal which on...

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WTI Crude Oil is bullish on its 1D technical outlook (RSI = 59.800, MACD = -0.360, ADX = 28.602) as it crossed over the LH trendline of the Bearish Megaphone. After a 4H RSI bottom formation, the 4H MA50 and MA200 are about to form a Golden Cross, the first since June 18th that caused a rally continuation to the 0.786 Fibonacci level. That is where the August 12th...

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Broadcom is bullish on its 1D technical outlook (RSI = 59.908, MACD = 4.100, ADX = 23.045) as it remains near its All Time High. However it is consolidating as the 1D MA50 is holding. As long as the 1D MA200 supports on the bottom of the long term Channel Up, the long term action is bullish. Aim for at least a +122% rise (TP = 285). ## If you like our free...

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Coinbase is neutral on its 1D technical outlook (RSI = 46.702, MACD = -4.680, ADX = 25.125) as after last Friday's (Sep 27th) rejection on the 1D MA50, it hit the bottom of the long term Channel Up and is consolidating. In similar instances inside this pattern, such consolidation was the formation of the new bottom of the Channel. A bullish divergence on the 1D...

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Gold is bullish on its 1D technical outlook (RSI = 63.790, MACD = 41.420, ADX = 28.520), gone down considerably from its previous oversold levels as it has turned sideways since September 26th, in a range that looks like the last consolidation of late August. Now that the 4H MA50 has been breached, the metal can technically make an attempt to test the bottom of...

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Silver is bullish on its 1D technical outlook (RSI = 63.461, MACD = 0.757, ADX = 29.627) but hit yet again the top (HH) of the Channel Up and got rejected. The metal has gained recently due to the tensions in the Middle East and after today's much stronger than expected Nonfarm Payrolls report, it should see a retrace as the USD is expected to gain, while the...

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Dow Jones is about to turn neutral on the 1D technical outlook (RSI = 57.040, MACD = 399.580, ADX = 38.469) as it crossed below its 4H MA50, withi the 4H RSI already on a bearish divergence, pointing to a short term correction. We expect that to be on or a little under the 4H MA200 and then rebound (over the 0.5 Fibonacci level) like the September 11th low. Like...

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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...