Our upper target for EURUSD has been hit and now a new trend is emerging. The price almost touched Fibonacci 0.786 during the Fed today and is retracing. We are expecting a test of the 1day MA50, which is inside the volatile Support Zone A. Buy, if by the time of the test the 1day RSI also touches its MA. Target 1.10250 (Resistance B). Previous chart: ...
XAUUSD/ Gold is rising on a 4h candle that is about to test the former Rising Support. This is now a Support turned into a Resistance. If rejected it will be a selling continuation signal. The previous sell Target was the 0.382 Fibonacci, so now target the 0.5 Fibonacci at 1910. Previous chart: Follow us, like the idea and leave a comment below!!
The S&P500 failed to close over the 4hour MA200 and is pulling back to the 4hour MA50. Buy this pull back as it is not only near the 0.5 Fibonacci level but also the Cup pattern's Support. Target Resistance A at 4080. Previous chart: Follow us, like the idea and leave a comment below!!
DAX crossed over the Falling Resistance of the early March High and the 4hour MA50. It also reached the Golden Ratio: Fibonacci 0.618. This is a bullish breakout but ahead of the Fed Rate Decision tomorrow, it is more likely to see traders taking a neutral stance. Buy the pullback up to Fibonacci 0.382. Target the Top at 15700. Follow us, like the idea and...
MAGICUSD just formed a 4hour Golden Cross. Last time it formed the same pattern was on January 15th. It was the start of a +417% rally. The 4hour RSI is also forming the exact same pattern as January's on the exact same levels. The whole pattern since the beginning, so far fits into a long term Channel Up. Expect a new +417% rise. Target 5.000 Follow us,...
Great news for XRPUSD which immediately showed on the price action and today it just broke over the middle of the long term Channel Up. The 1day RSI is already overbought but as with September 20th - 23rd, this move won't stop here and targets the top of the Channel Up. This time the 1day MA200 is supporting. Target 0.6300. Follow us, like the idea and leave a...
Bitcoin/ BTCUSD has reached the top of a 2 month Channel Up. Standard support during this uptrend is the 1day MA50. That is currently on Support Zone A. If you are looking for a lower risk buy, use that potential pull back and Target 30000. Follow us, like the idea and leave a comment below!!
Dow Jones/ US30 is rebounding after approaching the 1week MA200. This is a major Support that held on June 2022. That low can be viewed as the Left Shoulder of a giant Inverse Head and Shoulders pattern and the current low as its Right Shoulder. Target the bottom of Support Zone A at 35350. Follow us, like the idea and leave a comment below!!
Nasdaq/ US100 is rising after a rebound on the 1day MA100 and is approaching the 12750 Resistance. The long term pattern that is being formed could possibly be a Channel Up. We expect a +20% rise as the first bullish leg of this Channel. Target 14000 long term. Previous chart: Follow us, like the idea and leave a comment below!!
XAUUSD/ Gold is peaking after the first 4hout Golden Cross since November 10th. The RSI is on a Bearish Divergence. The very same pattern on the Nov 10th Golden Cross peaked and pulled back to Fibonacci 0.382. Target 1940 on the short term. Follow us, like the idea and leave a comment below!!
S&P500/ SPX has been on Higher Highs/ Higher Lows in the past 3 days, forming a bullish reversal exactly on the bottom of the 5-month Channel Up. The RSI is very similar to the previous bullish leg in January. Buy and set Target A at 4050 (Fibonacci 0.618 within Channel Zone 0.5 - 0.618) and Target B at 4280 (Fibonacci 1.236 extension and top of the Channel...
EURUSD made a Triple Bottom on the 1.05250 Support. With the Rising Resistance forming Higher Highs, the pattern that emerged is an Ascending Triangle. The price is currently being rejected on the 4hour MA50, if it closes above it, buy targeting the top of the Triangle at 1.0800 (Resistance B and Fibonacci 1.618). Follow us, like the idea and leave a comment below!!
BICOUSD/ Biconomy is having a strong day but as the price got rejected on Fibonacci 0.618, don't commit into buying long term. The pattern looks a lot like the June-August when a Fibonacci 0.5 rejection caused a drop and test of the lower Support level. The current rejection targets 0.27000. If the price closes above the 0.5500 High, we will get the bullish...
GNSUSD/ Gains Network is staging a confirmed bullish reversal after bottoming on March 11th. Buy and target $17.70 by the end of Q2. Short term you can use each Fibonacci level as target. Follow us, like the idea and leave a comment below!!
USDCAD has entered a 1 year consolidation phase following the 1week Golden Cross. It is following the 2019 pattern. The RSI's of the the two periods also share similar patterns. You will get many opportunities to buy low and sell high in that range this year buy you want to to ready to keep buys long term for the first two quarters of 2024 when the price will...
So far the 1day MA50 has been supporting the USDJPY, exactly on Fibonacci 0.5 and as long as it closes above it, you can buy short-term rebounds within Fibonacci 0.5 and Fibonacci 0.236. Short a candle close under the 1day MA50 and Target 129.800 (Support A). Further short a crossing under Fibonacci 0.786 and Target 127.250 (Support B). Follow us, like the...
MASKUSD/ Mask Network crossed today over its Falling Resistance, which is the top of the 1 month Bullish Flag pattern. This is a bullish break out and our Targets are the upper Fibonacci levels of 1 (5.3500) and near the 1.5 (6.500) and the Rising Resistance. The RSI is turning upwards on a Higher High. The 1day MA200 has now efficiently supported twice. ...
WTI Crude Oil is having the worst 3 day selling streak of the year, getting rejected on the 1day MA50. The 1day RSI got oversold and should cause a short-term rebound, which is what happened on the oversold Lows of December 9th and September 26th. We are short term bullish near the 1day MA50, Target A 73.50 and long term bearish, Target B 61.00 (bottom of...