AMEX:SPY SPX Daily RSI Analysis So the full walkthrough of this RSI analysis is at the end of tonights video but hopefully you can read this. The last bearish divergence gave a 10% drawdown down to the 200DMA
BUY ABOVE - 45110 SL - 44900 TARGETS - 45330,45570,45800 SELL BELOW - 44900 SL - 45110 TARGETS - 44610,44430,44270 NO TRADE ZONE - 44900 to 45110 Previous Day High - 46200 Previous Day Low - 44900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
The important stuff kept quick. Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets Green = support, expect bounces Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent...
In today's trading session, we're eyeing a buying opportunity on USDJPY around the 148.900 zone. USDJPY recently broke through a significant resistance area and is currently in a correction phase, approaching the retrace area. Technical Analysis: USDJPY's recent breakout above key resistance levels signals potential bullish momentum. The pair is now in a...
Walmart's Earnings Report: Navigating Market Reaction and Embracing Growth Opportunities Walmart's recent earnings report sparked a market reaction that many deemed an overreaction, considering the positive trajectory revealed in the company's outlook for 2023. Despite initial disappointment from Wall Street, there are three compelling reasons to believe that...
McDonald's: A Time-Tested Investment Recipe for Long-Term Success McDonald's, an iconic symbol of the fast-food industry, has not only defined the sector but has been a consistent performer, enriching investors globally. Despite its historical success, a prudent investor must evaluate the potential for future returns. Here are three compelling reasons why...
Gold Price Recovers After NFP-Induced Slump The gold market experienced a tumultuous ride following the release of robust US Nonfarm Payrolls (NFP) data, leading to a significant price swing. This article aims to provide insights into the factors influencing gold's recent performance, combining both technical and fundamental perspectives. Technical Analysis:...
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97.300 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97.30 support and resistance area. Trade safe, Joe.
Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of...
Earlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request. The price of XRP...
FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are...
BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation...
The market went up and missed the target level by a couple of points. OANDA:XAUUSD formed a long-tailed bar; it took liquidity above the Monday high and rolled back. At this level, the price was rejected several times before. The market also formed some sort of head-and-shoulders pattern. On the daily timeframe, we have a fake breakout of the inside bar, which...
The market bounced off the support level and made a pullback, as I mentioned in my last post. I expect FX:EURUSD to grab liquidity above the previous Monday high and then move downwards because we don't see strong bullish moves. It looks like the bulls are out of breath. It took us 3 days to reach the 1.07800 level from 1.07300. However, if the price remains...
Hello Everyone, We're observing robust resistance at the 1M mark of 17996.422 for NAS100, suggesting potential fluctuations ahead. However, it's crucial to note that the overall trend continues to favor bullish sentiment. TradeWithTheTrend3344
BTC has bobbled along crucial support all weekend after dropping on Friday at the close of ETF trading.
Hello Everyone, The S&P 500 is showing impressive performance with adjusted supports, indicating further potential for upside. We're approaching a significant monthly resistance point at 4998.266. It's noteworthy that we've recently reached another all-time high at 5003.22! TradeWithTheTrend3344
Hello Everyone, Although LTC/USD has been advancing at a slower pace than anticipated, the overall forecast remains unchanged, maintaining a bullish outlook. TradeWithTheTrend3344