2023 April
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GOLD, SILVER, COPPER. Is the latter leading the way?
- April 28, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
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On this 1D chart we see Gold (XAUUSD) against Silver (XAGUSD) and Copper (HG1!) displayed by the orange, blue and black trend-lines respectively. There is a lot of worrying lately with Gold’s pull-back since the mid-April High. Even though Gold and Silver have made Higher Highs, Copper has been declining since since its late January
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COMCAST eyeing an end-of-quarter 44.00 target.
- April 28, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
The Comcast Corporation (CMCSA) had a +10% jump yesterday, capitalizing on the higher than expected earnings and is approaching the February 02 High. The long-term pattern is a Channel Up (blue) but there might be a diverging Channel Up also emerging (dotted lines) that might decelerate this aggressive rise. So far we see a tendency
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CHFJPY signaling a bullish extension
- April 28, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish
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WTI OIL Channel Down extended selling to 72.50.
- April 28, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
Perfect execution of our plan last Monday for WTI Oil (USOIL) as the price initially rebounded to the 4H MA50 (blue trend-line), got rejected and hit our 74.00 target: That is the top of the Pivot Zone that started back in mid-December. We are now expecting a (near) test of the 1D MA50 (red trend-line)
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BITCOIN How the VIX will push it (along with stocks) much higher
- April 27, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
You may be wondering what Bitcoin (BTCUSD) has to do with the S&P500 index (SPX) and the Volatility Index (VIX). Well this chart gives you the answer and sets the tone for the remainder of the year and beyond. As you see Bitcoin (chart on the left) rebounded on the Higher Lows trend-line that started
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XAUUSD on a breaking point. Get ready for the big move.
- April 27, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAUUSD) closed above the 4H MA50 (blue trend-line) yesterday for the first time since April 14. This is the first major bullish signal in a while but it is not confirmed yet as the price remains and in fact got rejected on the (dashed) Channel Down. A 4H candle close above it will be
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BITCOIN Held key Cycle Support, preparing a mega break-out!
- April 26, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) is rebounding off the 0.5 Fibonnaci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence. Currently this is very positive for the upside’s chances and if BTC manages to close a
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SILVER/GOLD ratio showing Gold will outperform
- April 26, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
The Silver/ Gold ratio on the 1W time-frame shows the price trading within a Triangle pattern, with the price almost reaching the top two weeks ago and currently getting rejected. On the long-term, the break-out of this pattern will determine the next trend so be prepared but as long as it holds, then Gold (XAUUSD)
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XRDUSD Don’t be fooled by this rise
- April 26, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Radix (XRDUSD) is on a strong rise in the past five days. However, unless it closes above the 0.1200 Resistance, it is more likely to seek Support on either the 1D MA50 (blue trend-line) or the 1D MA200 (orange trend-line) before making a new High. That is because based on the 1D RSI, the current
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WTI OIL Filling the downside gap but short-term rebound.
- April 24, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
The WTI Oil (USOIL) got, as we expected, heavily rejected on the 1D MA200 (orange trend-line), starting to fill the gap of March: Our next target is 74.00, just above the Pivot Zone, but on the short-term, with the 4H RSI rebounding after getting oversold (has given a 100% buy signal short-term in the past