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EUR/USD Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook: The Eurodollar experienced significant volatility during this week's trading session, with an upward movement that surpassed our Mean Resistance level at 1.075. As a result, a new resistance mark has been established at 1.080. However, it is projected that the currency will experience a downward transition to the Mean Support level mark of 1.066. It will dip further to retest the previously completed Inner Currency Dip at 1.060. Furthermore, the currency is anticipated to continue its downward trajectory, reaching our next Inner Currency Dip level at 1.054.
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S&P 500 Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook: Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend.
SP:SPX
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EUR/USD Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook: The Eurodollar has completed our Inner Currency Dip of 1.060. However, further selling pressure is reviling a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim Dead-Cat rebound to the Mean Resistance level of 1.072 may be feasible before the Eurodollar resumes its downward trajectory.
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S&P 500 Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook: The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean Support level of 5070 and Outer Index Dip at 5045, which is expected to act as a launching point to reignite its bullish trend.
SP:SPX
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EUR/USD Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook: The Eurodollar has completed an Inner Currency Dip of 1.065. This momentum is expected to generate further selling pressure, resulting in a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim rebound to the Mean Resistance level of 1.075 may be feasible before the Eurodollar resumes its downward trajectory.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook: This week's trading session Bitcoin completed the forthcoming Inner Coin Rally 72500, and as expected, the coin retraced to our designated Mean Sup 65600. Bitcoin is in the process of rebounding back to the 72500 scene of crime. On the downside, the market potential decline may occur, resulting in Bitcoin falling to Key Sup 61300 and an Inner Coin Dip 57200. The bull stage movement will arise from current price action or Key Sup 61300 and an Inner Coin Dip 57200, respectively.
BITSTAMP:BTCUSD
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S&P 500 Daily Chart Analysis For Week of April 5, 2024Technical Analysis and Outlook: The S&P 500 index experienced a severe drop below our Mean Sup 5203; however, the market rebounded swiftly and returned to an active crime scene. The current upward trend indicates that it will reach the target of Key Res 5260 and, subsequently, Outer Index Rally 5280, the long-awaited target. On the downside, Spooz may revisit the newly created Mean Support level of 5150, which is expected to act as a launching point to reignite its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of April 5, 2024Technical Analysis and Outlook: The Eurodollar has broken through our Mean Support level of 1.077 and has quickly risen to hover around the Mean Resistance level of 1.084. This momentum is expected to generate further selling pressure, resulting in a decline to the Mean Support level of 1.074. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.065. However, it is essential to note that an intermediate fluctuation at the Mean Resistance level of 1.084 may require action.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 5, 2024Technical Analysis and Outlook: In this week's price action, Bitcoin rapidly moved towards a Mean Support level of 66700 and, in the process, established a new Mean Support level of 65600. This new level is being used as a base to ignite the bullish trend further. Currently, the market is experiencing consolidation, with the expectation of moving toward reaching the Key Resistance level of 73200 and beyond. However, a potential decline may occur, resulting in Bitcoin falling to the Mean Support level of 65600.
BITSTAMP:BTCUSD
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S&P 500 Daily Chart Analysis For Week of March 29, 2024Technical Analysis and Outlook: The S&P 500 index experienced a change in direction during its journey toward a Mean Support level of 5177 and bounced back to retest the Key Resistance level of 5260. The current upward trend indicates that it will reach the target of Outer Index Rally 5280, which has been long-awaited, with a high possibility of continuing the upward trend to the next Outer Index Rally of 5342. On the downside, Spooz may visit the newly created Mean Support level of 5203, which is expected to act as a launching point to reignite its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of March 29, 2024Technical Analysis and Outlook: According to the Daily Chart Analysis for the week of March 22, the Eurodollar has successfully completed a Squeeze Currency Dip of 1.078, which was the primary target. Consequently, this momentum is projected to generate further selling pressure, leading to a decline to the Mean Support level 1.070. Ultimately, the Eurodollar is anticipated to hit an Inner Currency Dip of 1.065. However, it is essential to note that a potential intermediary rebound may occur, which could result in a move to a target of 1.084.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 29, 2024Technical Analysis and Outlook: Bitcoin has achieved a decisive breach of its weak Mean Resistance level 68400, and is now eying the completed Inner Coin Rally 72500 and significant Key Resistance level 73200. The market anticipates that attaining these levels will set in motion a major bull run, with the primary target being the Inner Coin Rally 78200 first. However, it is essential to note that a potential takedown may occur, which could result in a decline to 66700.
BITSTAMP:BTCUSD
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S&P 500 Daily Chart Analysis For Week of March 15, 2024Technical Analysis and Outlook: Based on the chart analysis for March 8, it has been observed that the S&P 500 (Spooz) index has initiated a renewed downward trend from the completed Outer Index Rally 5170. The Spooz targets a newly created Mean Support level of 5096, which is anticipated to serve as a rebound point, enabling the index to retest the completed Outer Index Rally 5170. The subsequent important target for the index is the Outer Index Rally 5280. However, it is essential to note that there exists a possibility of the index experiencing a dip and resting at the Mean Support level of 5060.
SP:SPX
by TradeSelecter
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