2022
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XAUUSD Still bearish unless the 1D MA50 breaks.
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
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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
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USDCAD Buy opportunity and counter trade if invalidated
- June 9, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDCAD pair has been trading within a Channel Up since last September (2021). So far it has had three clear Higher Highs and two Higher Lows. Right now the price is very close to that Higher Lows (bottom) trend-line of the pattern and when the 1D MACD makes a Bullish Cross, it will
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GBPUSD Sell as long as it fails on the 1D MA50
- June 9, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The GBPUSD pair has hit our Target of the previous analysis, breaking in the process that Bearish Megaphone pattern to the downside: Right now a new Bearish Megaphone has been formed with the price trading sideways near the 1D MA50 (blue trend-line) after failing to break it on the May 27 High. Basically the
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S&P500 The 1D MA50 is resisting. Scenarios ahead.
- June 8, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) rose rapidly and almost hit its 1D MA50 (blue trend-line), which is the current Resistance, since our last post: The long-term pattern remains a Channel Down since the All Time Highs (ATH), so the trend remains bearish towards the 3810 Support and quite possibly the -0.236 Fibonacci extension as a
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XLMUSDT Failing to break the 1D MA50.
- June 7, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on STELLAR we are using the XLMUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Stellar Lumen has been consolidating since its May 31 short-term High, which is still a Lower High within the Channel Down pattern that started in November