Andre_Cardoso

20:00

Andre_Cardoso

Market Analysis - April 16, 2024 by André Cardoso The insights presented in this summary are intended to assist traders and investors in understanding market dynamics and identifying potential trading opportunities. I hope this summary proves to be informative and helpful to you, our readers, in your investment decisions and trading strategies. TVC:DXY The...

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NGAS The symmetrical abcd pattern was completed at 2.49 and the bullish shark pattern was forged at the golden fib extension a couple of points($) below at 2.44. Both patterns suggest a bounce that could send ngas trading back to $5, which is equivalent to a move of 100% or 25k points above the current price. We have new fractal support at 1.96 - just below...

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TVC:DXY One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011; The inverted head and shoulders ( as a trend...

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BITSTAMP:BTCUSD

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GLOBALPRIME:GER30 We projected this pattern for the forex analytix community last week, and it seems to be working as expected. Let's see if the German Dax holds up above 13436. Inverted head and shoulders: Resistance/neck at 13436 . Default targets for the pattern projected at 14217 ; Eventual bearish crab pattern projected below at 14036 .

Andre_Cardoso Updated 

BITSTAMP:BTCUSD After a retest of the previous fractal support from September 21, we have the most recent support forged at 39558. Based on the recent price behavior and the Fibonacci ratios presented, I assume that a clear violation of the fractal support could trigger more downside momentum for bitcoin. Price action: A head and shoulders formation will...

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BITSTAMP:ETHUSD

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OANDA:XAGUSD In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November. Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support. Once and IF confirmed, the drop in silver could help form a " right shoulder " to a higher...

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OANDA:EURUSD

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NASDAQ:AMZN A fall below the weekly fractal support positioned at 3176 may trigger one head and shoulders with default targets pointing to 2518, representing a drop of 20.76% below the major support... We have resistance at 3462, 3549, and 3773, and the violation of the major resistance can help the formation of patterns at 4139, also representing a rise of...

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OANDA:AUDNZD

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BITSTAMP:ETHUSD

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OANDA:GBPUSD

03:33

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OANDA:EURUSD

05:17

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OANDA:USDCAD

02:48

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OANDA:EURUSD

10:01

Andre_Cardoso

TVC:SPX OANDA:NZDUSD OANDA:AUDUSD OANDA:GBPNZD OANDA:XAUUSD OANDA:XAGUSD OANDA:WTICOUSD