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Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 30, 2022Technical Analysis and Outlook: Bitcoin decanted closer to our Mean Sup of $16,400 throughout the week. The retest of the Key Sup $15,850 is a high probability at this time. The upward movement to retest newly created Mean Res $17,000 extending to Mean Res $17,800, Mean Res $18,500 is pending on the hitting Key Sup $15,850. However, be aware there is the possibility that this puppy may break from the current position to create upward action as specified above.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of December 23, 2022Technical Analysis and Outlook The downtrend sentiment to Inner Index Dip 3785 has been completed as specified in the S&P 500 Daily Chart Analysis For the Week of December 16 . The upside target to the newly created Mean Res 3880 is in play, with the additional upside moving to Mean Res 4020, 4085 with Outer Index Rally 4140 currently being revived per the current market sentiment. The pullbacks with this upcoming major rally are to be expected.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of December 23, 2022Technical Analysis and Outlook: The euro-dollar stays put under our Mean Res 1.0680. The prevailing down path points to the Mean Sup 1.0470, and extended probabilities to Mean Sup 1.0330 is a high degree of certainty. However, the upside move to retest Mean Res 1.0680 and Key Res $1.0780 is possible within the current market sentiment. Of course, the question is always, 'Which way will this puppy break from the current position?'.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of December 16, 2022Outer Index Rally 4140 is currently being shelved. The downtrend sentiment points to a newly created Inner Index Dip 3785, with the possibility of extension to Mean Sup 3720. The Mean Sup 3860 is a stronghold for the time being, as specified in the S&P 500 Daily Chart Analysis For the Week of December 9. The upside target to the Mean Res 3912 is likely from the current position or once the dip is completed. Of course, the question is, “From which support/outcome level will this puppy break enacting finalization of the down movement?
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of December 16, 2022The euro-dollar rip through our Mean Res 1.0585 but could not punch to vital Key Res $1.0780. The newly created interim Mean Res 1.0680 is the catalyst to draw the currency to retest the Mean Res 1.0680 and hit the Key Res $1.0780 in the process. The prevailing down path points to the Mean Sup 1.0450 and mildly extended probabilities to Mean Sup 1.0330. However, once the current down sentiment occurs, a furious decline to the additional Mean Support levels may likely happen. Of course, the question is, “From which support level will this puppy break playing down movement position?
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of December 9, 2022Technical Analysis and Outlook Outer Index Rally 4140 is currently postponed. The downtrend sentiment points to a newly created Mean Res $3965, with the possibility of a support level of the Mean Sup 3860 emerging first as the primary target destination. The upside target to the Mean Sup 3965 is probable once the dip to the Mean Sup 3860 is completed. Of course, the question is always “Which way will this puppy break from the current position?”
SP:SPX
by TradeSelecter
1
EUR/USD Daily Chart Analysis For Week of December 9, 2022Technical Analysis and Outlook: The euro dollar hit our target of the Mean Res 1.0585 twice this week. Advancement to the Key Res 1.0780 is getting more realistic and inevitable. The upcoming prevailing down path points to the new Mean Sup 1.0450 and extended Mean Sup 1.0330. However, once the current down sentiment occurs, a furious decline to the additional Mean Support levels may likely happen. Of course, the question is always “Which way will this puppy break from the current position?”
by TradeSelecter
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022Technical Analysis and Outlook: Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of November 25, 2022Technical Analysis and Outlook Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 18) with the additional target is potential #2 Outer Index Rally 4140. The current sentiment is confirmed by the obsoletion of the Mean Res 3995; The downside target to the newly created Mean Sup 3948 is very probable before a major rally to the above outcome. The possibility of extension to Mean Sup 3745 and beyond is delayed in the foreseeable future.
SP:SPX
by TradeSelecter
2
EUR/USD Daily Chart Analysis For Week of November 25, 2022Technical Analysis and Outlook: Eurodollar declined to our Mean Sup 1.0285 as specified on the EUR/USD Daily Chart Analysis For November 18 chart followed by a rebound to strategic completed and retested Inner Currency Rally 1.0380. The current prevailing down path is pointing to the new Mean Sup 1.0237. The current down sentiment is prone to further declines: Mean Sup 1.014, 1.000, and 0.975. The down-trend projects for the Next Outer Currency Dip of 0.937 is being delayed.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of November 18, 2022Technical Analysis and Outlook Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 11) is currently in progress along with potential #2 Outer Index Rally 4140; however, the newly created Mean Res 3995 is in the interim a roadblock. The downside selected target to Mean Sup 3915 is very high once the completion(s) is triggered, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of November 18, 2022Technical Analysis and Outlook: Following the strong Eurodollar rebound the previous week, the currency completed our designated target of the Inner Currency Rally 1.038 this week, as specified on the EUR/USD Daily Chart Analysis For November 11 chart. Since completing the target, the Eurodollar is in retreat mode to Mean Sup 1.0285, potentially followed to a completed Inner Currency Rally of 1.038 retests one more time. The prevailing down move is prone to pull back to our additional Mean Sup 1.014, 1.000, and 0.975. The down-trend projects for the Next Outer Currency Dip of 0.937 for the foreseeable future is being reignited.
by TradeSelecter