Andre_Cardoso

Andre_Cardoso

CBOT:ZS1! Soybeans: A Bullish Butterfly Pattern Soybeans have recently completed a bullish butterfly pattern at $1018. This pattern suggests an expected price target of $1268, supported by strong bullish divergence signals. Monitoring the Support Levels We should closely monitor the support structure around $947. If this level holds, the bullish pattern...

Andre_Cardoso

ICEUS:KC1! The coffee futures market has recently attracted attention from traders and investors due to significant price movements. On December 10th, the commodity reached new historical highs, surpassing a record set in 1977. This post will analyze the current trends in coffee futures, key technical patterns, and provide insights into what may happen next for...

Andre_Cardoso

PEPPERSTONE:USDNOK Key Technical Levels for USDNOK Weekly Fractal Resistance: 11.47 Daily Fractal Support: 11.21 Monthly Fractal Support: 10.38 (formed in late September) Breakout Resistance (December 2024): 11.13 These levels have been pivotal in guiding the pair’s movements, and it’s essential to keep an eye on them for future developments. ...

Andre_Cardoso Updated 

🚀 EURUSD Analysis (60-Minute Timeframe): 🔹 After the formation of a technical double bottom , confirmed by the breakout above the neckline at 1.0422, the pair is likely to move towards the 200% Fibonacci extension at 1.0476. 🔹 New resistance formed at 1.0447, still below the previous fractal support at 1.0453. 🔹 A bullish 2618 pattern is unfolding, with...

Andre_Cardoso

PEPPERSTONE:GBPAUD The pair is currently forming a bearish butterfly pattern at the 2.0287 level, aligning with the 127% Fibonacci extension. This setup indicates a potential pullback toward the Fibonacci retracement levels, projected below 1.9850. This scenario implies a retest of the weekly fractal resistance, broken at 1.9884. Bearish butterfly pattern...

Andre_Cardoso Updated 

PEPPERSTONE:XAGUSD Silver has formed the bullish shark pattern previously anticipated at $30.41. The pattern is now complete, and we saw a pullback below this level to $30.13, establishing a new support. The bullish shark pattern formed at $30.40 has a default target at the 50% Fibonacci retracement level, which is projected at $31.22. Bullish shark pattern...

Andre_Cardoso

NASDAQ:NVDA NVDA just broke the $131.80 support zone, acting as the neckline for a head and shoulders pattern . Default targets for this pattern are now projected at $116.10, aligning with the 200% Fibonacci extension level and a convergence cluster of Fibonacci levels. With the bearish butterfly pattern failing by just a few points, a further correction...

Andre_Cardoso

OANDA:WTICOUSD On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern. With this support...

Andre_Cardoso

The German FX:GER30 The German Dax has formed a bearish crab pattern at €20,442, at the 224% Fibonacci extension. This pattern could potentially bring the index back to €19,874, representing a 38.2% retracement from the recent rally between the weekly fractal support at €18,814 and the latest resistance at €20,529 (the historical highs above the daily fractal...

Andre_Cardoso

PEPPERSTONE:EURNZD Technical Analysis: The EURNZD pair is currently under pressure, with the daily resistance at 1.8237 being tested. The weekly fractal resistance remains just above at 1.8274. We also have a bearish Gartley pattern projected at 1.8488, at the 127% Fibonacci extension, just above the resistance zone. If the price reaches this level, the...

Andre_Cardoso

FX:BUND The Bund has recently formed a bearish crab pattern on December 6th at 136.42, which triggered a pullback. It's worth noting that this level coincided with the monthly fractal resistance from August at 136.25, a key zone that could lead to a significant rejection. With the new support established at 134.38, we are now at a critical point where a head...

Andre_Cardoso

PEPPERSTONE:XAUUSD Analysis: After the drop below the neckline and established support at $2674, we anticipated a decline that could reach $2639. This represents the 200% Fibonacci extension and is the default target for the head and shoulders pattern formed above support. We also anticipated the formation of a bullish crab pattern that could appear at...

Andre_Cardoso

FX_IDC:XAGUSD Silver’s Recent Breakout and Momentum Silver has shown impressive bullish momentum after breaking through the stubborn resistance level at $32.95. This breakout has set the stage for a potential uptrend, fueled by strong buying activity. Navigating Overbought Conditions and Historical Patterns Since October 11th, silver has been...

Andre_Cardoso

FX_IDC:EURUSD The pair is showing signs of potentially forming a head and shoulders pattern. Key support is located at 1.1065. A clear break below this level could trigger a downward movement in the pair, signaling a shift in momentum. Keep an eye on this critical support level, as it may influence the upcoming price movements.

Andre_Cardoso

FX_IDC:XAGUSD We have been anticipating a series of harmonic patterns in the markets, and silver is no exception. It is currently presenting some constructive and intuitive patterns with a high probability of manifestation. A bearish shark pattern has formed for silver at the 224% Fibonacci extension level around $31. This pattern suggests a potential...

Andre_Cardoso

FX_IDC:USDNOK The USDNOK pair continues to demonstrate remarkable complexity with multiple harmonic patterns. Let's review the previous analyses and see how the latest setup fits into the overall picture. 📉 Current Analysis: As of September 12, USDNOK is trading with intraday support at 10.765. A drop below this level might indicate a significant decline,...

Andre_Cardoso

NASDAQ:MSFT Technical Analysis of MSFT: Head and Shoulders Pattern in Formation Currently, the support established around $390 might be forming the neckline of a potential head and shoulders pattern. To complete this pattern, the right shoulder still needs to form. Key point to watch: if the right shoulder develops below the 61.8% Fibonacci retracement...

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Andre_Cardoso

Market Analysis - April 16, 2024 by André Cardoso The insights presented in this summary are intended to assist traders and investors in understanding market dynamics and identifying potential trading opportunities. I hope this summary proves to be informative and helpful to you, our readers, in your investment decisions and trading strategies. TVC:DXY The...