TradingBrokersView

TradingBrokersView

Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is. The last time it hit the MA50 was on October 11th. The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level. Trading Plan: 1. Buy on the current market...

TradingBrokersView

GBPJPY is having its strongest (1d) candle today in almost 18 months. The main pattern is a Channel Up and this rise is extending its new bullish wave. The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise. Trading Plan: 1. Buy on the next MA50 (1d) test. Targets: 1. 204.500 (+8.70% rise). Tips: 1....

TradingBrokersView

S&P500 hit today its MA50 (1d) following the Fed Rate announcement. At the same time, it is testing the bottom of August's Channel Up. As long as it closes daily inside the pattern, this is a strong buy opportunity. Trading Plan: 1. Buy on the current market price. Targets: 1. 6200 (+5.75% rise similar to the previous one). Tips: 1. The RSI (1d) hit its 3 month...

TradingBrokersView

On Wednesday the Fed will announce the new rate and the anticipation of this event largely explains the recent consolidation of EURUSD. Since the November 22nd bottom, it has turned sideways around the MA50 (4h), failing to cross above the MA200 (4h), which is the main Resistance of the bearish wave since October 1st. The July-October 2023 bearish wave was under a...

TradingBrokersView

Ethereum is trading inside a Channel Up and for the past 2 days it is holding the MA50 (4h) as Support after breaking over it. This has validated the start of the new bullish wave. The previous increased by +34.70%. Trading Plan: 1. Buy on the current market price. Targets: 1. 4600 (almost +34.70% rise from the recent Low). Tips: 1. The RSI (4h) rebounded from...

TradingBrokersView

Gold is trading inside an 8 month Channel Up and just crossed above the Falling Resistance of the previous High. It is about to form a Golden Cross on the (4h) timeframe and the last such formation dates back to July 7th. That was a heavy bullish signal that peaked on the 1.236 Fibonacci extension. Trading Plan: 1. Buy on the current market price. Targets: 1....

TradingBrokersView

USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction. It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift. Trading Plan: 1. Buy after the price crosses above the MA200 (4h). Targets: 1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci...

TradingBrokersView

Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d). On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low. Trading Plan: 1. Buy by next Wendesday the latest. Targets: 1. 46000 (under a +8.31% rise from the last Low, which...

TradingBrokersView

Gold is neutral on the (1h) timeframe, trading sideways inside a Rectangle (Resistance 1 and Support 1). The price almost hit Support (1) for the 3rd time since Nov 26th and is a technical buy signal. Each of those times it rose to at least the 0.618 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 2649 (the 0.618 Fibonacci...

TradingBrokersView

EURUSD has formed an Inverse Head and Shoulders pattern, confirming the bottom of the long term bearish sequence. The right shoulders is about to be completed and there is no better time to buy than now. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08500 (marginally under the 2.0 Fibonacci extension) Tips: 1. The RSI (1d) crossed above its MA...

TradingBrokersView

The GBPUSD pair is trading inside a Channel Up. The price made contact with its bottom today and is giving a buy signal. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.2800 (+1.50% rise, same as the last bullish wave). Tips: 1. The RSI (1h) hit the same level as on November 26th. That was the previous Higher Low of the Channel Up. Please...

TradingBrokersView

Bitcoin is trading inside a Channel Up, having just rebounded on the MA100 (4h). In the last 2 months, it accumulates on the same pattern, a Falling Resistance bottoms on an Arc and when it breaks, a rally delivers a new High. Trading Plan: 1. Buy on the current market price. Targets: 1. 108000 (dashed trendline). Tips: 1. The RSI (4h) gives a very clear buy...

TradingBrokersView

Coinbase is trading inside a nearly 2 year Channel Up and the price is currently on the latest bullish wave. A Golden Cross (1d) was just formed and according to the previous bullish waves, it appears the price is inside the last consolidation before the new Higher High. Trading Plan: 1. Buy on the current market price. Targets: 1. 360 (+145.84% the smallest it...

TradingBrokersView

Nasdaq is on a slow rebound following the test of the long term Buy Zone, right over the MA50 (1d). Today it hit the MA50 (4h) and so far it is struggling to close above it. On all prior bottoms, once the MA50 (4h) broke, it issued a bullish confirmation. Trading Plan: 1. Buy when the price crosses above the MA50 (4h). Targets: 1. 21450 (the 1.236 Fibonacci...

TradingBrokersView

Gold is abour to form a Golden Cross on the (1h) timeframe. The most recent such patterns initiated and sustainted a rally over the MA200 (1h) that extended to the 3.618 Fibonacci level. This is a strong buy opportunity. Trading Plan: 1. Buy when the Golden Cross (1h) is formed. Targets: 1. 2825 (the 3.618 Fibonacci extension). Tips: 1. The RSI (1d) is on its...

TradingBrokersView

Dow Jones is trading inside a Channel Up since August. However at the moment it is still on a bearish wave. Three out of four bearish waves of this Channel Up hit the MA50 (1d) before reversing. With the price rejected now on the MA50 (1h), this is still a sell opportunity. Trading Plan: 1. Sell on the current market price. Targets: 1. 43000. Tips: 1. The RSI...

TradingBrokersView

EURUSD hit yesterday 1.0500, a price we last saw 13 months ago on October 13th 2023. That is the bottom of the Rectangle pattern and it is technically a rare buy opportunity. Additionally, it appears to be repeating the bearish wave of July - September 2023, which bottomed on step 4 and rebounded above the 0.618 Fibonacci extension. Trading Plan: 1. Buy on the...

TradingBrokersView

Gold hit today the MA100 (1d) level for the first time since February 15th 2024, exactly after 9 whole months. This by itself is a very strong long term buy signal but it's not the only one. Today's low was also at the bottom of the Channel Up that started on the date mentioned above. Trading Plan: 1. Buy on the current market price. Targets: 1. 2790 (Resistance...