spranav

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Technical Analysis: ================ A series of higher highs and higher lows in Weekly Timeframe: NVIDIA has found support at $132, which previously acted as a resistance area during June, July, and August 24. If the stock continues to rise from this level, we could see another higher high (yellow cap) around $165. Alternatively, a deeper correction toward $104...

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EURUSD is trading in the support area which has been respected by the price action since December of 2022. Similarly, there is an area of resistance. There are two scenarios based on the current geopolitical tension and the policy of the new administration in the US. Scenario#1: Risk OFF or USD depreciates against EUR and other currency pairs The new US...

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Technical Analysis: ================ SPX500 has formed a noticeable double top technical pattern. If it respects the double top pattern the price should touch around 5700. But if it keeps climbing the 6000 may become another support level. Fundamental Analysis: =================== 1) Israel war seems to be calming, which should reduce the uncertainty and boost...

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Technical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause...

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NVIDIA is currently trading near $143.25 at Monthly R2 Pivot Point. It tried to break the R2 three times in this month, Oct 21st, 22nd and today 25th. It is very likely that it will continue going up in coming days. RSI MA Cross has not given a signal on either direction since Oct 2 2024. There are two scenarios based on Monthly Pivot Points: 1) If the price...

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Technical Analysis: In the month of Sept'24 UVXY changed about $10.58 which was a huge change from Aug'24. It continued the trend in Oct, so far the UVXY changed about $5.8 in this month. In other words UVXY is forming a triangle, or a squeeze. If the trend continues, the next month's trading range will be very narrow, about $2.x change!!! The RSI MA Cros and...

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Technical Analysis: The month of Oct'24 brought EUR/USD from 1.21 to 1.07, it is trading just below the fast EMA. However it seems the trend has slowed down, as a result RSI MA Cross has given a buy signal. This may be very early to get in the trade but it is a signal!! On the chart the price is near next month's M2, if it continues to trade near this price the...

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EUR/USD is trading around the Monthly S3 Pivot Point. According to pivot point theory, this is extremely sold-out condition. The price consolidates around S3, and the RSI MAX cross gives a buy signal. There is a possibility of reversal or a pullback. Please let me know what you think.

spranav Updated 

It looks likely that NVIDIA will break the upper trend line of the triangle in a few days unless some event rocks the market.

spranav Updated 

This is a textbook pattern of higher highs and higher lows. GPU/USD has found support at the central pivot point. If the price action respects this level because it is 1) a Monthly central pivot and 2) Previous Resistance, then it should go up to Monthly R1, approximately 300 pips of profit with a risk of ~120 pips. Note: My system of 1) RSI-MA Cross or 2) 8,21...

spranav Updated 

Technical Analysis: EURUSD is trading just above the monthly pivot; it is also a significant level or previous area of resistance. I think it might go up around 300 pips from here or it will go down about 90 pips to touch another previous resistance and monthly m2 and then continue going up. Fundamentals: - If the Fed cuts interest rates, the USD should...

spranav Updated 

Signal: RSI MA Cross This pair is trading just below the monthly central pivot; if it closes above it, it should rise to at least the monthly R1. Profit Target: Monthly R1, about 325 pips Stop Loss: If the price closes below the monthly M2, about 125 pips.

spranav

In the past, NVIDIA stock price action followed its own rules; however, if it followed the technical analysis rules, I think it might go down to $78, which is also the monthly S2.

spranav

EURUSD is expected to touch the central pivot point and then move upwards.

spranav

The AUDUSD daily time frame gives very good BUY SELL signals using the 8, 21 EMA Cross, Pivot, and RSI MA Cross. Signal: RSI MA Cross Confirmation: The 8, 21 EMA Cross should confirm in the next few candles

spranav

The GBPUSD daily time frame gives very good BUY SELL signals using the 8, 21 EMA Cross, Pivot, and RSI MA Cross. This trade considers support and resistance using the Pivot Points, take profit, and stop loss.

spranav

If NVDA breaks current resistance level, expect a pull back before it goes higher, the pullback might be a good place to buy. If it can't break the resistance level, then expect it to go down towards the bottom of the box.

spranav Updated 

I am surprised and not sure but the technical pattern on NVIDIA is very very clear, it has formed a perfect Head & Shoulder Pattern. As per H&S Pattern the price target is around $314. This does not seem to be true if you look at fundamentals, they are fully sold out for their high end GPUs for this year. But you never know, the technical pattern includes all...