2022 September
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XAUUSD Channel Down bottomed. Potential short-term buy.
- September 26, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
No CommentsGold (XAUUSD) following the rejection on the 4H MA50 (blue trend-line), which is the short-term Resistance, hit and even marginally broke today, the bottom (Lower Lows trend-line) of the Channel Down since the August 10 High, which technically defines the medium-term bearish trend. The recent Lower Lows though have been formed while the RSI
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EURUSD Expected rebound on the bottom of the Channel Down
- September 26, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair has been trading within a Channel Down pattern since the February 10 High. Time and time again we have pointed out the recurring buy/ sell levels within this pattern due to its strong symmetry both on the price action and the RSI on the 1D time-frame, which provided the following accurate
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BITCOIN The S&P tests MA200. Crucial week ahead for BTC.
- September 25, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Simple 1W chart. Every time the S&P500 index (SPX) hit and broke above or (nearly) bounced on its 1W MA200 (orange trend-line), Bitcoin has formed a bottom and started along with the S&P rally phases. This week the S&P500 will have an opportunity for such a test. Will it find Support and cause Bitcoin
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GBPAUD Buy opportunity and reversal levels
- September 23, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level. That should be
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AUDNZD Testing Resistance. How to trade a breakout or rejection.
- September 23, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021. The price is currently testing the top (Higher
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NZDJPY Rebound on the 1D MA200 or break to pre-March levels?
- September 22, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday’s Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since
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EURUSD How will it react to the Fed’s 3rd straight 0.75% Hike?
- September 22, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair is rebounding on the current 4H candle, following the rejection after the Fed raised the Interest Rate again by 0.75% for the 3rd straight meeting. So far this rebound seems to be technical as the 4H RSI hit the oversold level (green circles) that it has another 4 times in the
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S&P500 How to trade it following the 0.75% Rate Hike
- September 22, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) dipped aggressively following yesterday’s Fed Rate Decision, which was a natural reaction to the third straight 0.75% rate hike. The first one was made on Jun 15 2022 (rate gone from 1.00% up to 1.75%) and the second on July 27 2022 (rate gone from 1.75% to 2.50%). In both
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BITCOIN Do we have a clear recovery pattern based on pastCycles?
- September 21, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Just as we are waiting for today’s Fed Rate Decision, Bitcoin (BTCUSD) remains low, in fact it is the closest it has been to June’s Low with the 1W MA300 (bold red trend-line) approaching from below. Is this the last selling before a bottom is formed. One way to look at it is by
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XCNUSDT Falling Wedge about to break. How to trade it.
- September 21, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on Chain we are using the XCNUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where XCN has been trading within a Falling Wedge pattern since the August 04 Low. As you see the pattern has reached a level where it is