InvestingScope

InvestingScope

Tesla is bearish on its 1D technical outlook (RSI = 37.443, MACD = -16.180, ADX = 38.976) as it is expanding the bearish wave of the Channel Up, under the 1D MA50. As the 1D RSI rebounded at 30.000 and the 1D MACD is close to a BUllish Cross, we see a striking resemblance with the lows of August 5th 2024 and April 22nd 2024. With the help of the 1D MA100, we...

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USDJPY is almost oversold on its 1D technical outlook (RSI = 32.042, MACD = -1.350, ADX = 47.008), pulling back on a technical retrace inside the long term Channel Up. This bullish wave correction is identical to the 0.5 Fibonacci pullback of December 29th 2023 that also traded on similar RSI levels. We expect the price to start recovering now and aim at the 1.382...

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Bitcoin remains neutral on its 1D technical outlook (RSI = 50.148, MACD = -503.300, ADX = 40.137), consolidating under the 1D MA50. This neutral state indicates that it is still a buy opportunity, as long as it stays under the 1D MA50. The similar consolidations (Rectangle patterns) of January 2024 and March 2023 indicate that when the 1D MA50 is reclaimed,...

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Meta may have only now turne bullish on its 1D technical outlook (RSI = 56.480, MACD = 20.520, ADX = 63.183) but on 1W it has been on an exceptionally healthy bullish tech (RSI = 66274) since the October 2022 bottom. Ever since that was formed, Meta entered its 2nd Expansion era with similarities in price and RSI terms obvious with the 1st Expansion era of...

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EURUSD has turned bullish on its 1D technical outlook (RSI = 59.188, MACD = 0.002, ADX = 17.971) but on the 1W timeframe this short term recovery is nothing but a Bear Flag on the aggressive decline that has started last September. The 1D RSI pattern is basically repeating the Bear Flags of January 2022 and August-September 2018 and the lowest target has been the...

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Nasdaq remains bullish on its 1D technical outlook (RSI = 60.351, MACD = 161.240, ADX = 29.408) despite today's selling early into the session. This indicates that relative to the bullish long term trend, this correction is a buy opportunity, especially as the index hit its 4H MA50. This happens to be at the bottom of the 20day Channel Up, a pattern potentially...

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Bitcoin has just turned bullish on its 4H technical outlook (RSI = 56.545, MACD = -0.190, ADX = 38.441) but remains neutral on 1D. The reason is that the price is now at the top of the 2 week Channel Down, having crossed and closed over the 4H MA100 for the first time since January 31st. On the larger timeframes this Channel Down could be a Bull Flag to continue...

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Advanced Micro Devices Inc turned neutral on the 1D technical outlook (RSI = 47.032, MACD = -2.460, ADX = 22.524) signaling a potential reversal of the long term bearish trend. This month the price hit the 1M MA50 and if it managed to close the 1M candle over it, we expect to have a market bottom formed much like October 2022 and April 2018. A rally of at least...

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Gold is overbought both on its 1W (RSI = 75.261, MACD = 100.240, ADX = 43.694) and 1M (RSI = 79.749) technical outlooks and has entered the final (and perhaps most aggressive) phase of the latest bullish wave. With the 27 year pattern being a Channel Up we can calculate the next high to be within the 3.0 and 3.5 Fibonacci extension levels. Last time the price...

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Bitcoin is about to turn neutral again on its 1D technical outlook (RSI = 44.436, MACD = -739.700, ADX = 52.589) in an attempt to form a new bottom for February on its 2 month consolidation phase. This consolidation phase is technically no different than all others since the 2023 Bull Cycle started. We have had three such consolidation phases, two longer, one...

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Super Micro Computer has turned overbought on its 1D technical outlook (RSI = 76.279, MACD = 3.600, ADX = 40.488) as a result of the relentless rally of the past 2 weeks but on 1W (RSI = 57.515) it just turned bullish, which is indicative of the long way it has to cover until it makes new ATH again following last year's accounting discrepancies. The price is about...

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Dow Jones is neutral on its 1D technical outlook (RSI = 53.474, MACD = 190.020, ADX = 26.060) as it is trading inside a Triangle pattern, sideways around the 4H MA50. A crossing over the R1 level will be a long aiming at the 2.0 Fibonacci extension (TP1 = 48,000), while a crossing under the S1 level will be a short aiming at Fib 0.0 (TP = 42,000). ## If you...

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Gold has turned overbought again on its 1D technical outlook (RSI = 71.094, MACD = 56.680, ADX = 55.310), recovering last week's losses and ia marching towards a new ATH. Technically we expect it to approach the psychological level of 3k and once it gets as close to the HH trendline as possible, correct. The signal is given by the 3D RSI whose LH trendline has...

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Solana is suffering heavy losses these past few days due to the prevailing news regarding Libra and has turned oversold on its 1D technical outlook (RSI = 30.523, MACD = -8.449, ADX = 53.479). Since the long term pattern is a Channel Up and the price is headed for its bottom, while the 1D RSI is at 30.000, which has been a buy signal for over 1 year, this is...

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AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600. ## If you like our...

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S&P500 just turned bullish on its 1D technical outlook (RSI = 58.850, MACD = 26.670, ADX = 18.407) a week after it tested the 1D MA100. Every time the 1D MA100 gets tested and holds a +15% rally starts that tests the HH trendline. Go long, TP = 6,650. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are...

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Maker has just turned neutral on its 1D technical outlook (RSI = 46.979, MACD = -66.220, ADX = 40.770) as it hit the bottom of the 1 year Channel Down and bounced. The 1D RSI shows that we are on a similar rebound as on the October 25th 2024 bottom but needs to be validated by a crossing above the 1D MA50. The two bullish waves before that have posted a price...

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Microsoft is still bearish on its 1D technical outlook (RSI = 39.052, MACD = -6.600, ADX = 39.471) but that is to be expected as the price breached the 0.786 and almost touched the bottom of the 5 month Rectangle pattern. All breaks under the 0.786 have been strong buy opportunities targeting at least the 0.236 Fib. The trade is long (TP = 438.50). ## If you...