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USDCAD Sell signal to the end of the year
- October 19, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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The USDCAD pair has been following for a very long time our 1W trading pattern and as per our trading plan on November 01 2021, it reached our 1.36000 target for 2022 already: As you see the projection couldn’t have been better and this approach is a great way for long-term investors to benefit
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S&P500 Bullish Divergence on RSI targets 4000 short-term
- October 18, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) has been trading within a Bearish Megaphone pattern through this Bear Cycle of 2022. Since August 31, despite having the candle action on Lower Lows, the RSI on the 4H time-frame has been on Higher Lows, i.e. flashing a Bullish Divergence. The only other time that this took place within this
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USDJPY Testing the top of its 5 month Megaphone. Rejection?
- October 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDJPY pair rose aggressively last week, breaking above its September 22 High, the Resistance at the time. The price came on Friday as close as possible to the top (Higher Highs) trend-line of its 5-month Bullish Megaphone pattern. That alone would be enough to reject the uptrend and pull the price back on
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BITCOIN: USD rejected on 2008 Resistance. Turning point for BTC?
- October 15, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it’s current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. **
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S&P500 CPI higher than expected. Can it repeat this bullpattern?
- October 13, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The U.S. CPI came in higher than expected at 8.2% against a 8.1% forecast but lower than the previous month (8.3%). It remains to be seen how the market will react to that. Technically though, the bearish leg of S&P500 (SPX) since the August 16 Lower High within this 2022 Bearish Megaphone, is close
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WTI OIL Sell Signal and invalidation level
- October 11, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Following our break-out buy signal last week, the WTI Oil (USOIL) has entered a Resistance Zone, which since the start of August has rejected the price every time with the temporary exception of 1 day (29-30 Aug): Eventually the Channel Down turned out to be wider. The price is now pulling back since hitting
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USDSEK On the most critical 7-year Resistance
- October 11, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDSEK pair has been rising parabolically all year due to the well-known fundamental reasons empowering the USD amidst the high inflation. The price has finally reached though a technical level that we have to consider as it has been forming long-term tops over the past 7 years. As you see on this 1W
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USDSGD Entered its 6 year Resistance Zone.
- October 11, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDSGD pair has entered a Resistance Zone where it has made long-term tops and got rejected since January 2016. Even if the long-term pattern is a Channel Up, technically there isn’t much room for further growth before a correction near the 0.786 Fibonacci retracement level at least. It is interesting to see also
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DOW JONES RSI and MACD patterns hint to a June-Aug like rebound.
- October 10, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The Dow Jones Industrial Average (DJI) has been highly volatile today following a two day selling sequence on last week’s closing. Following the NFP on Friday, the market is entering the anticipation mode over this week’s CPI report, which is crucial on the Fed’s rate policy. Amidst this high volatility we have spotted a
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XAUUSD Fierce battle on the 1W chart.
- October 10, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAUUSD) closed last week above the 1W MA200 (orange trend-line) but so far it started this week with a heavy drop back below it. This analysis shows a potential long-term Channel Down pattern on the 1W time-frame, which can extend the rebound that started two weeks ago after the price nearly touched the
