DailyChartist

DailyChartist

As mentioned in my previous SPY analysis, the ETF is on it's way to form a hypothetical Double top. We have a confirmed MACD crossover now and a move below the trendline of the short-term uptrend with a gap. We are headed towards the neck at 320 level, which will be crucial for the tracker before the US Presidential elections. You can open an aggressive short...

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Bitcoin has been recently stuck in a sideways short-term movement. The long-term upside range is still intact and not tested (yet) (or with signs of continuing it). Demand has been slow with the past days as bulls and bears are fighting to find a proper direction at first, not to even consider a strong acceleration of the movement. We have reached the top of the...

DailyChartist

Hello, traders! SPY, the ETF that tracks the SPX performance has managed to remarkably recover from the lows of spring this year as the COVID -19 virus threat became real. The ETF has drawn up a very determined short-term uptrend, supported by the FED's interventions in the CEF, ETF and Bond markets. Currently the ETF has been trading in a range since September...

DailyChartist

Okay, so two possible scenarios for XAUUSD here: 1. Price with strong demand acceleration breaks out of the triangle formation and starts to head out towards the 2050 price level zone. The long-term uptrend is intact and the bulls prosper. 2. Price fails at the resistance level circa 23.6 Fibo and breaks the main trend support line. Bulls will give up a fight...

DailyChartist

As with negotiations still ongoing in no concrete direction, the British Pound remains in a short-term range. Though the pair's long-term upside trend remains intact, a fail at 1.30000 may lead to a test of the support zone near the 200 SMA and the 38.2 Fibo level. Price remains in a choppy move between the 200 SMA and the 23.6 Fibo zone. TD Sequential has not...

DailyChartist

Short - term range in EUR/USD seems to be holding for now. As the Pandemic started to get out of control and with the USD broad weakness back then, the Euro managed to gain significantly on the risk off background. As with the situation starting to stabilise a bit and ''the new normal'' setting in, the pair entered a range as the bullish movement got exhausted....

DailyChartist

Are we going to see the 10 - year yield getting out of the downtrend or ready to move lower? As yields in bonds is getting better, gold starts to lag nicely as it is being dumped pretty fast. Stocks are getting FOMOed aggressively, but yields are starting to rise again. Reaching that critiral point to answer our question will define if the stock's rally is near...

DailyChartist

With the recent risk off sentiment that is forming and the bearish price action on the indexes, we can see a potential move up in gold. Current correction may be over as the price is still inside the bullish flag. Uptrend is intact.

DailyChartist

Greed has stepped in and volatility has fallen at levels not seen since July. Market seems to be falling into complacency, as stocks are breaking new highs with each day. Though that may change soon, as VIX is now in zone 1 of a possible move up.

DailyChartist

While the FOMO effect kicks in for equities, the US indexes are making new fresh highs in the midst of renewed trading war uncertainty. Lower rates are indeed boosting stocks, but we are coming closer to a point where things may turn South at least for the near-term. SPX has more room to go up, but I would expect the movement to be limited at the marked point.

DailyChartist

USD's strength has been quite unexplainable due to the lower rates in the US now. Though some explain it as a safe haven move, seems investors don't mind the expensive USD to buy stocks. Currently price plays out very well the DB on the daily chart and is moving up nicely to its target. I would expect more strength for the near-term.

DailyChartist

The first potential bearish flag I analyzed has played out though with a delay, and since price has managed to reach the first target to the lower diagonal support. With overall negative sentiment around the trader war and demand for Oil, I will be expecting the price to breach the support for a move lower towards 50.58 price level zone. The zone has proven to be...

DailyChartist

Everything goes according to plan with ETH as with the global risk - off accelerates, so does crypto prices go higher. The previous bullish scenario remains in play and the price is headed towards the upper diagonal line in the 23.6 Fibo zone.

DailyChartist

In my previous notes, I have stated that the pair will make a correction towards the first red marked zone, but the impulse is so strong today, that it managed to push above it. Currently the price meets strong resistance in the second red zone and 78.6 Fibo. I expect the price to push inside the zone before meeting the heavy selling. Price remains in long-term...

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We are seeing heavy risk off in European trading and for the US futures, so this seems is helping Bitcoin to continue its rise above my initial target. Current bullish bias remains strong, and I am expecting further impulse to the upside as Demarker is moving above the overbought zone as well. I will be expecting the price t reach 12049 price level zone and the...

DailyChartist

Price has managed to rise nicely over the weekends towards the 10917.44 price level and yesterday it landed on the 38.2% Fibo. With the current progression I am expecting the downmovement to resume in short-term aspect towards the 9100 - 9080 levels. Price is still moving in the boundaries of the consolidation.

DailyChartist

The long-term downtrend remains strong, with a new year low sited with the latest developments from the FED and the trade war. USD has gained speed and for now bearish conditions remains strong for the pair. The H&S formation is still in play, with a target around 1.09766. The pinbar on 1st indicated that selling stops for now, and I am expecting a short-term...

DailyChartist

In my previous analysis for Bitcoin, I 've stated that the bullish remains in the digital word, although there aren't any new critical news or events. Recent risk - off aversion in stocks has helped BTCUSD to remain in the hands of the bulls, and price has reached almost my first target view before towards the zone price of 10917. I expect the risk - off situation...