2022 June
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NASDAQ preparing a mid-March rebound with eyes on the 1W MA200
- June 16, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
No CommentsOur last analysis on Nasdaq (NDX) 10 days ago, came with a warning that as long as the 1D MA100 (green trend-line) and the Lower Highs trend-line of the long-term Channel Down held, the trend was bearish towards the 11500 Support: As you see the 11500 target was eventually hit, and with the Fed
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EURNZD Sell opportunity
- June 16, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURNZD pair eventually entered its bullish zone as outlined by our last analysis in April: The price is now high enough within the Channel Down to justify a medium-term sell as not only did it come too close to the Lower Highs (top) trend-line but the 1D RSI is on Lower Highs after
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EURAUD going for the 1D MA200 test
- June 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURAUD pair has been trading within a long-term Bearish Megaphone pattern but since the April 05 bottom, it has established a Channel Up on the medium-term. A similar Channel Up pattern was what took the Megaphone to its previous Lower High. In the process, the 1D MA50 (blue trend-line) has been turned into
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GBPAUD Trading according to plan
- June 14, 2022
- Posted by: Tradingshot Articles
- Category: Forex
There isn’t much to update on the GBPAUD pair, as since our last analysis on April 21, the price has been following our plan in a very precise way: As you see, the similarities with the July – October 2020 sequence have paid off and the price action continues to follow that pattern. We
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XAUUSD Still bearish unless the 1D MA50 breaks.
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
A lot of volatility lately on Gold (XAUUSD) with the inflation data weighing on the technically bearish long-term pattern, which as we outlined last week was a Channel Down: As you see, the price got indeed rejected on the 1D MA50 (blue trend-line on the current chart, red on the previous analysis), which is
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EURUSD Still no sign of a long-term buy
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair has been trading within a Channel Down with our most recent analysis pointing to the importance of staying bearish last week as the price was testing the Lower Highs (top) trend-line of the pattern: As you see the price got heavily rejected on the 0.382 Fibonacci retracement level and is already
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SOLUSD Approaching a buy level
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Solana (SOLUSD) hit today the Lower Lows trend-line (bottom) of the Bearish Megaphone pattern that started after the November 08 2021 High (and All Time High). It is now closer to the 2.0 Fibonacci extension, which as shown on the chart play a major role in determining Lower Lows (rebounds) and Lower Highs (rejections).
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NZDJPY Sideways with new High towards the end of the year.
- June 10, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The NZDJPY pair almost hit its yearly High two days ago and this 2 day rejection illustrates that this was the medium-term top. As noted in our last analysis, this is roughly replicting the March – September 2021 sequence, where the pair gave two solid sell and two buy opportunities before making a new
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OCEANUSD broke above its 1D MA50 but remains bearish for now
- June 9, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Ocean Protocol (OCEANUSD) broke today above the 1D MA50 (blue trend-line) for the first time since April 24. Still, this is not the time to turn bullish, not even on the medium-term, as the pattern since the December 01 2021 High has been a Bearish Megaphone. As long as the price trades below the
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AUDCAD Bearish unless the 1D MA200 breaks
- June 9, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The AUDCAD pair has been trading within a Channel Down pattern since the April 05 2022 High. Four days ago, it made a Lower High on the Channel Down and got rejected just below the 1D MA50 (blue trend-line), while also forming a Death Cross (when the MA50 crosses below the MA200). The 1D