2022 May
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DXY Testing the RSI Support that started the 2021/22 rally
- May 31, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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The U.S. Dollar Index (DXY) hit yesterday the 1D MA50 (blue trend-line) for the first time since February 23. Today’s rebound simply shows why this MA level is considered such an important short/ medium-term Support. As long as it holds, expect a rebound to the upper Fibonacci extension levels of 2.0 and 2.5 that
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EURUSD hit the top of its 4 month Channel Down
- May 31, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair has been trading within a Channel Down pattern since early February. This was clearly analyzed two weeks ago on the idea below where the 1D RSI Bullish Divergence (Higher Lows against the price’s Lower Lows) helped us take the best possible buy trade: The price not only broke and closed above
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XTZUSDT Still bearish unless the 1D MA200 breaks
- May 27, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 and
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NIKKEI A great opportunity to invest. 7 years recurring pattern
- May 26, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The Nikkei index (NI225) has been on a strong correction phase since its September Highs. Despite the early March rebound just above the 1W MA200 (orange trend-line), it was rejected on the 1W MA50 (blue trend-line) pulling the index back towards the lows. Notice on this chart, however, that the March rebound was performed
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NZDUSD Wait for these levels to sell
- May 26, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The NZDUSD pair has been trading inside a one year pattern that resembles a Bearish Megaphone. Below you can see the most recent trade on the pair: Recently on May 12, the price made a Lower Low and has been rebounding since. As you see within this pattern, a common characteristic of all rebounds
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NASDAQ on a W pattern.
- May 25, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
Nasdaq (NDX) has been trading within a Channel Down since its All Time High in late November. The 1D RSI has turned sideways since April 26 and that resembles the flat period of February 01 – March 14. That was a W formation that rebounded and reached the overhead Resistance upon its completion. We
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S&P500 First MACD Bullish Cross formed since March 15
- May 25, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) has been trading within a Channel Down ever since the January 04 2022 All Time High (ATH). Recently (May 20) it hit the Lower Low (bottom) trend-line of the Channel for the third time (Jan 24 and Feb 24 the others) and rebounded reaching the first Fibonacci extension (0.236 Fib).
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EURGBP New Channel Up aiming at 0.87500
- May 24, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURGBP pair has formed a Channel Up since the March 07 2022 bottom as on May 06 2022 it broke above both Lower Highs trend-lines of the 2021 correction, practically confirming the shift from the bearish trend to the bullish trend on the long-term. The 1D MA50 (blue trend-line) and the 1D MA200
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DOW JONES 1 month target at 33170 unless the Low breaks.
- May 24, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
Dow Jones (DJI) has been trading within a Channel Down throughout this whole 2022 correction. Friday’s low along with the 1D RSI sequence, resemble the bottom fractal of the last Lower Low within the Channel Down on March 08. The index rebounded to just above the 0.618 Fibonacci retracement level at the time to
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KCSUSDT Up +80% from its Low. Levels to watch next.
- May 24, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The KuCoin Token (KCSUSDT) has risen more than +80% since the May 12 Low. By doing so, it broke again above the 1W MA50 (red trend-line) which was the Support during the rise of 2021. Closing the week above it, strengthens the case of a market bottom. However, we still have a set of