2023 April
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S&P500 starting an expansion the likes of which we’ve never seen
- April 14, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
No CommentsThe S&P500 index (SPX) is trading on a multi-year Channel Up pattern that started on the March 2009 bottom of the Housing (subprime mortgage) Crisis. With all the talk lately on whether or not the index is out of its Bear Phase, this chart can offer great insight on the long-term trend. As you see,
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WTI OIL on a triple Resistance test! Get ready for a big move
- April 13, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) has gone a long way since our buy call a month ago, that not only did it hit its target but smashed through the Jan Lower Highs and the 1D MA100: The critical development of the week is that it hit the 1D MA200 (orange trend-line) for the first time since August
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XAGUSD First major sell signal in 3 months!
- April 12, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn’t
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AGIXUSD 1.000 possible mid Summer
- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
SingularityNET (AGIXUSD) is trading below its 1D MA50 (blue trend-line) turning sideways within a Triangle pattern since the February 08 High, which was rejected exactly on the All Time High (ATH) of September 05 2021. This price action is similar in terms of RSI with March – July 2022. Based on that we expect an
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BITCOIN, NASDAQ, DXY all on Huge Pivot Zones! Tick tack..
- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
With the high degree of correlation among financial assets, it is not a coincidence that Bitcoin (BTCUUSD), Nasdaq (NDX) and the U.S. Dollar Index (DXY) all are on Huge Pivot Zone, the behavior of which is more likely going to determine the trend for the next several months. Bitcoin’s Pivot Zone has been in effect
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BITCOIN Is 300k the true potential of this Cycle?
- April 8, 2023
- Posted by: TradingShot
- Category: Cryptocurrency
Bitcoin (BTCUSD) isn’t backing down, withstanding to perfection so far any noise in the stock market, a development that establishes that its new Bull Cycle is well underway. Having broken above the 1W MA50 (blue trend-line) and what will most likely be the 4th straight weekly closing above it, we can see that it is
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GBPUSD Making a bullish break-out
- April 6, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis: At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below
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USDJPY Reached our target. Critical move ahead.
- April 6, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The USDJPY pair hit the sell target we set on our February 28 analysis as it got rejected on the 138.210 Resistance and dropped back to the (dashed) Higher Lows trend-line: As long as this trend-line holds, it is more likely to see one more rebound first to the 1D MA50 (blue trend-line) for short-term
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BITCOIN About to wave goodbye to 30k for good if broken?
- April 5, 2023
- Posted by: Tradingshot Analysis
- Category: Cryptocurrency
Bitcoin (BTCUSD) is ahead of a critical breakthrough on the 1W time-frame. The former Support of the first half of the Bear Cycle is around 30k and is currently being tested. History has shown that when this level gets tested as a Resistance and breaks during the start of a new Bull Cycle, it never
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EURUSD Bullish but hit the top of the Channel Up
- April 4, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair has recovered after the drop below the 4H MA50 (blue trend-line) and is almost at the top of its short-term Channel Up. With the 4H RSI reaching its Lower Highs trend-line, we expect pull-back to the bottom of the Channel Up and the 4H MA50 before a rebound that will test Resistance