2 minutes to read and reveal the the matrix! 2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart. Period 1 - August 2020 - Feb 2022 "False break period" Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into stocks, cryptocurrency, etc.. But peaking around December 2020, due...
Simple technicals combined with a broad perspective. 1) Resistance trend-line ongoing since April 5th was broken 24th may, indicating bull trend initiating. 2) Since breakout, connecting lows and highs are parallels indicating a consistent up-trend in the shape of a tunnel. The range of the tunnel is 0.980 to 0.916 , current rate is 0.911. A break below...
Let's keep it simple and understandable. 2007-2020 lower high descending trend-line which was broken to up-trend Mid 2020. Currently between 1.198-1.2250 is the retest range of this breakout and up-trend support. The bounce from the retest may take GBPUSD to 1.2680 quickly on it's route back to the weekly trend breakout. At the same time, we have a high...
Focus up! 100-101.50 is key retest level of support trend-line stretching back all the way to December 2021, with consistent higher lows. At the same time, it's also a retest level of the second higher high breakout stretching back from the peak of 128. China lock down is expected to ease within days, inflation is on the rise, EU oil ban for Russia is likely...
This is a time for action! Gold is at a crossroad. Back in Nov 2022 a big bull flag pattern confirmed upside breakout which sparked a massive $300 rally in 3 month - The target of the bull flag breakout was reached Feb 3rd at 1960. Standard correction to overbought condition and pattern target reach caused a landslide to 1850-60 support which is a re-test of...
2 possible scenarios: 1) Price continues to charge forward post big "falling wedge" pattern breakout up, targeting 15,300 as breakout target (equal distance of wedge width measured from breakout) with 12,800 "rising wedge" resistance broken this scenario will be confirmed. 13,600 is in the way and could be correction back down 12,200-300 once reached, or can...
Channel of 1780 to 1840 is very important right now and current trend range. We already see reversal from channel floor so there's high chance for immediate rise on market open. A break below 1780 channel floor with daily close may change short-term to down-trend with potential as low as 1708. This is the less likely scenario. Crypto market uncertainty may...
March 2020 to Jan 2023 support trend-line confirmed recently with another bounce of higher lows. Highlighted on chart previous times we've had the support tested since March 2020, rally which followed was aggressive and substantial. 1) August 2020 to April 2021 - $4,054 gain per coin, 1012% increase. 2) June to August 2022 - $1,100 gain per coin, 120%...
Know the range, act with a plan and stick to it. That's all you need to do in order to potentially catch a $50-60 move on Gold in the relatively short-term. Currently the price is consolidating in a triangle shape that starts from the retest of the support trend-line stretching all the way back to March 2020. The range of the consolidation is 1830-35 to 1860....
Inflation, inflation, inflation. In China, 15/16 districts have zero Covid cases and all restrictions are set to be cancelled by June. Globally, the disease is under control - Pretty much insuring a very busy summer for travel. So fundamentally - Crude oil has plenty of room to rise in the short-term and mid-term. When we look at the technicals we see :...
Let's cut out the psychological pressure of seeing red and look at facts. What's right now dominating the financial markets? Inflation and panic selling. What happens once the dust settles? Think about "investment", what makes it attractive? Crypto currency and specifically the Ethereum is an excellent hedge against inflation, fundamentally. With scarce...
Practicality, simplicity and logic. Lack of emotion in trading fused with the ability to see pure rational and logic is crucial. A classical reversal "falling wedge" is appearing on the chart with connecting lows and highs of the last close to 12 month of trading. The range of the wedge currently stands between 17,500 to 31,000. The more likely scenario is a...
Very straight-forward technical analysis . Apple broke below substantial support trend-line beginning of May 2022. The support was stretching higher with higher lows since early 2020, this changed just about a week ago. The drop below the trend-line continued with a sharp drop from 155 to 139 at the lowest. Connecting short-term lows provided support around...
Aggressive interest rate hikes HINTS from FED is causing USD to skyrocket. In contrast, ECB is hinting on stimulus end and interest hikes only after Q3 bond purchasing ends. But let's be practical. *RSI 14 on daily is extremely low *Connecting lows of drop shows support around 1.105 *Horizontal support stretching all the way back to 2003 shows strong support...
A "bull flag" is a bullish candlestick pattern which is defined by - 1) A linear movement up (flag pole) 2) A tunnel or channel which is on top of the linear movement up (flag) 3) A break above the top of the channel which is the continuation of the up-trend (target) The target is the size of the flag pole movement stretched from the breakout of the tunnel. In...
A long-term support trend-line ongoing since March 2020 was broken down Feb, March 2022. Since, we had a false break back up April 2022 and the price went back below breakout very quickly, as well as retest of the long-term breakout down once again. 630 - 540 is support range and if holds may be the lowest point we will see for Tesla. A break below may open...
To buy or not to buy? Let's put some practicality and cold data to know. Fundamentals : 1) Inflation, inflation, inflation - All you see all day on the news. 2) Uncertainty, uncertainty, uncertainty - The true vibe of all economical news. 3) Supply/demand status for Bitcoin is very straightforward - Will demand go away? Most very probably not. Will supply...
Friday & today we can clearly see recovery of metals & crypto -But not stocks. Meaning, inflation hedging instruments are on the rise while the USD is diving. Makes a lot of sense. What makes much less sense is the rally of USD between March to last week, the last 9-10 weeks. It was pushed by rate hike news and overall panic/investment liquidation. But this...