DXY looks very bullish, has all ema( 10 50 100 200) and sma support, RSI is in the bullish area, near 60 level. The price is above pivot point, it is a bullish sign. Has the main trendline support. Price formed a bullish pennant. We should wait for confirmation to one or another side from pennant. Consumer Price Index rises to highest since 1982 to 6.8% y/y, and...
CPI index in the US was announced in December 10, 6.8% the same as forecast, highest YoY rate since 1982, but did not have a greater impact for price. A higher than expected should be bullish for the USD. There are no significant events scheduled for Monday in the economic calendar. So the price may fluctuate up and down between the trendlines trying to find...
GME miss on earnings, beats on revenue, but is it important for meme stock? GME fell hard in recent days as a whole market, found 0.236 fib. ext. level support, trendline support, which been retested. Gme rebound in premarket, as a whole market, if market falls again, GME maybe will test RSI oversold area.
Bitcoin fell hard as a whole market for uncertainty of omicron variant and worse than expected US job data. Price made breakout through a trendline with a big candle, now bitcoin recovers as a whole market and checks a resistance trendline (former support).
Enter: above trendline and pivot level (1.1310) Target: pivot R1 (1,1380) 70 pips
XAGUSD formed a cypher bullish harmonic pattern. The price checked RSI oversold area in 1 day time frame. I think it is very good opportunity to buy.
AMC close above 0.618 fib. support level. Enter: after bullish failure swing.
High inflation, bad economic data - 210 jobs was added vs 550 forecast, spread of omricon variant. We can call this economic situation stagflation, so maybe fed will not rush to raise interest rate. When economic situation is bad, money is going to safe haven assets, such as treasury bond or gold, but when the interest rate is low (higher interest rate = higher...
Maybe crypto market fell in reaction to stock market, because of worse than expected US Job data, spread of omicron variant, although crypto should be a safe haven assets. The price formed a Hammer candle, it is trend reversal pattern, RSI oversold area was checked in 1 day time frame.
After market big sell off, because of worse than expected US Job data, spread of omicron variant during the significant holiday season for retailers, GME fell hard too, but closed above the main trendline. It is good sign. After four days, GME will announce the earnings result. The holiday season for GME should be meaningful, because most people will buy and gift...
TWTR formed the bullish Gartley Pattern, found support of 200 sma and bounced off, RSI is in the oversold area on 1week chart. So I think it is a good level to buy.
GME has the support of 200 sma. RSI is in the bearish area, below 50, I hope it will not test RSI oversold area, in this case, the next major support will be 0,236 fib. ext. level. Left the main resistance to defeat - 0,382 fib. ext. level.
PYPL formed the harmonic crab pattern. I think it is a good entry level now. Don't forget to use stop loss.
Vix made breakout. maybe this is the beginning of market crash
Maybe there will be another small drop, and the price will test RSI oversold area
GME made a breakout through the 0,382 fib. ext. level, now is testing support of this level, the price must close above 0,382 fib level.
GME is trying to break 0,5 fib. ext. level, next target 0,618 fib level
if the price breaks R1 resistance, it will test R2, and cup will be finished.