The above 12 day chart a 40% increase on the Gold / Silver ratio since early 2021 within a rising channel is shown. A number of reasons now exist to suggest a strong reversal in that trend with an equal 40% correction. They include: 1) Hidden bearish divergence. This occurs as oscillators print higher highs with lower lows in price action. (Black arrows). 2) A...
🔍Let's dive into today's analysis. The market continues to range, with most altcoins still confined within their range boxes, except for Ethereum, which has generated a lot of hype. 📰Today might finally be the day when momentum enters the market, as it's the deadline for the Ethereum ETF news. Regardless of whether it gets approved or not, the market is likely to...
Nifty opens with gap up and there was a selling pressure in starting which made day low which is 22483, but afterwards nifty made high of 22629 level. Nifty has formed Long Legged Doji pattern on daily chart which indicates opening and closing price are very close. RSI is around 59. Nifty has broken the resistance of 22586 so, further resistance can be 22610...
The SPX500 has some potential positives to it. These just need to convert. We're looking at trend-following indicators and momentum indicators. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
Of the grains and oilseeds, soybean oil has been the clear laggard. Corn, wheat, soybeans, and even soybean meal have seen notable rallies over the course of the last 4-6 weeks. However, there are indications that may soon change. As ingredient buyers know, soybean oil typically trades at a significant premium to its rival palm oil. The chart below overlays a...
in my opinion in these few Weeks gold will start a Down trend but there are two scenarios that might happen if it starts Down trending: 1. As you see it Touches the yellow area and gonna start down trending 2. Next few days Gold touch the red area and after checking oscillators and indicators you will see The reversal signs! but I think the possibility of the...
There is a lot of selling pressure for gold, with RSI signaling overbought conditions on every higher time frame. Undoubtedly bullish, however, it may have reached a peak. In my opinion, a lot of consolidation is required before pushing for another ATH. Currently, a double top appears to be in the making, with a swing rejection candle on the daily, with a hanging...
On the above daily chart price action has corrected 95% since November. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal. 2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence. 3) The 3-day BTC prints the same conditions as 1 and 2 (below). Is it possible price action falls...
Wave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high. in addition , ChandeMo Momentum is currently up and the...
Hi. KUCOIN:GTAIUSDT Today, I want to analyze GTAI for you in a 1D time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). 🔵We have a Bullish Structure here GTAI formed a falling wedge on 1D timeframe🤔 Up we go if we do breakout ,...
True market capitulation fear events are marked with semi generational fear levels of the charts Were at a point of a resistance , but could easily slice through this level if we get increasing levels of uncertainty and panic entering the markets Could we see 30? Possibly
The tech-heavy index runs its best month of the year, extending the advance to new record highs. After last week’s CPI moderation, markets strengthened their bets for two rate cuts by the Fed this year, beginning in June. NAS100 now eyes the psychological 19K mark. On the other hand, the disinflation process has slowed this year and Fed officials have turned...
AMEX:SPY May 21, 2024 15 Minutes For the rise 525.18 to 531.52 4SPY earlier had retraced to 527.33. Being 61.8% retracement usually it will make double top. On that basis AMEX:SPY hit 531.56 today. It retraced to 529.17. Therefore 527.33 can be treated as HL. Now that number should hold for uptrend. Hence if we consider the rise from 527.33 to 531.56 ...
NOT FINANCIAL ADVICE TL;DR #XRP Symmetrical Triangle, bull target $0.65, bear target $0.42 BINANCE:XRPUSDT has been trading in a symmetrical triangle for over 1 month. Well respected support trendline, with 4 clear touches. Ascending triangle on the RSI, watch it because a break of the support or resistance trendlines there might be a leading signal of a...
Hi. COINEX:AVAXUSDT Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the...
The CAD/NZD currency pair is currently positioned at a crucial support level, exhibiting strong technical indicators suggesting a potential upward movement. The identification of a Bullish RSI Divergence on both the 1-hour and 4-hour charts reinforces our bullish sentiment. Entry and Risk Management: Entry Point Our recommended entry point for this trade is...
The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows,...
XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up. The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20 is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero, while price is getting closer to the mean VWAP as those lines go flat....