EUR/USD Daily Chart Analysis For November 8, 2021Technical Analysis and Outlook:
The Euro Dollar, intermediate downtrend price action (Stage 1), is completed at the Key Res 1.1677 mark - this is high merit and significant sell point. On the downside, there is a remaining Stage 2 starting at the Key Sup 1.153 while the Inner #2 Currency Dip 1.1498 is resting below.
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EUR/USD Daily Chart Analysis For October 24, 2021Technical Analysis and Outlook:
The Euro Dollar, intermediate uptrend price action, is stalled at the weak Mean Res marked 1.1648; the second Key Res 1.1740 is high merit and significant sell point. On the downside, there is a Mean Sup 1.1595 while the important Key Sup 1.1530 is sitting below.
Bitcoin (BTC/USD) Daily Chart Analysis For October 23, 2021Technical Analysis and Outlook:
As to technical analysts, the next drive higher will meet the target of Key Res $65,990, and retest of completed Inner Coin Rally marked the same. The downside support is Mean Sup $57,400 and Key Sup $ 53,900. However, the present fractal model suggests that the next significant target of interest will be the Impending Outer Coin Rally marked at $81,330 - Flagged by Trade Selecter many moons ago.
S&P 500 Daily Chart Analysis For October 23, 2021 Technical Analysis and Outlook
The next drive is the target of the Inner Index Rally $4,650. The possible retest of Mean Sup $4,485 is mid of conformation: Aggressive buying is preferred at this level unless otherwise specified. The present fractal model suggests that the next significant target of interest will be the Inner Index Rally marked at $4,650, along with the future Next #1 Outer Index Rally $4,775, and Next #2 Outer Index Rally $4,925.
Bitcoin (BTC/USD) Daily Chart Analysis For October 6, 2021Technical Analysis and Outlook:
Bitcoin has been moving upwards since Sept 21 by breaking out from a Key Sup $40,700 accumulation line. The next target is Mean Res $52,600 with an extension to Inner Coin Rally $54,550 , with continuance to Key Res $63,750 .
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For September 27, Technical Analysis and Outlook
Bitcoin has been moving upwards since Sept 21 by breaking out from a Mean Sup $40,902 accumulation line. See the 'Weekly Market Review & Analysis For September 27, 2021" page at the usual site for the rest of the market story.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Sep 13 2021Technical Analysis and Outlook
Bitcoin has been moving upwards since Sept 14 by breaking out from a Mean Sup $44,530 accumulation channel and accelerated.
At that moment, the Bitcoin price is trading around weak resistance marked at $48,150 and is due to accelerate to our Mean Res $52,600 and Inner Coin Rally $54,550 . However, BTC’s recovery at this level will face stiff resistance, indicating that bears will be very active at this higher tier prices.
On the upside, analysts remain bullish, as indicated on the August 9 chart and some other different fast-time charts that underline the bullish potential for Bitcoin. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
S&P 500 Weekly Daily Chart Analysis For September 13, 2021 Technical Analysis and Outlook
The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
S&P 500 Weekly Daily Chart Analysis For August 30, 2021 Technical Analysis and Outlook
Our Inner Index Rally of $4,545 was hit on Thursday. The Spooz is currently in a tight trading range, and we are awaiting intermediate confirmation of the trend. However, a drop to Mean Sup $4,469 is a strong buy and provides ample opportunity to load the boat for resurgence to retest undeveloped key resistance and completed Inner Index Rally. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For August 30, 2021" page at the usual site for the rest of the market story.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For August 9, 2021Technical Analysis and Outlook
It seems there is no stopping Bitcoin after the cryptocurrency surged past our psychological Mean Res $46,580 mark, which held the coin captive for four sessions from passing this barrier. Next is our target Inner Coin Rally of $50,130, coinciding with a significant $50,000 Maginot Line . Will the price of Bitcoin increase to $50,000 this weekend? See the 'Weekly Market Review & Analysis For August 9, 2021" page at the usual site for the rest of the market story.
S&P 500 Weekly Daily Chart Analysis For August 2, 2021 Technical Analysis and Outlook
Simply put, the Index is advancing to our designated Outer Index Rally $4465 as projected on S&P 500 Weekly Daily Chart Analysis For June 14, 2021. The main support level stands marked at Mean Sup $4385 . Be safe and trade accordingly. See the 'Weekly Market Review & Analysis For August 3, 2021" page at the usual site for the rest of the market story.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For July 26, 2021Technical Analysis and Outlook
The current trend outcome is marked at Inner Coin Rally of $50,130 , while the Mean Res $46,580 rest below and should be embraced wholeheartedly. See the 'Weekly Market Review & Analysis For July 126, 2021" page at the usual site for the rest of the Bitcoin market story.
S&P 500 Weekly Daily Chart Analysis For July 12, 2021As stated on July 5, Weekly Market Review & Analysis, the index current Buy zone stands at $4320 - $4290 , while Mean Sup $4290 and newly created Key Res $4386 are support and resistance, respectively. See the 'Weekly Market Review & Analysis For July 12, 2021" page at the usual site for the rest of the market story.
AUD/USD 1W analysis 13/07/21Hello everyone , as we all know the market action discounts everything :)
The AUD/USD market showing a lot of bearish signs after failing to hold 0.75 today and it looks like the market might be dropping down in the next week or two .
a possible reversal might happen but we need to wait for the conformation on the Market price testing the support line at 0.7401 .
on jun 21 i showed the 1D movement of the AUD/USD and explained how the market price is moving in a bearish way and used The Elliot wave theory to try to understand the market movement and we see that did happen in the past weeks where the price dropped from 0.77 down to the 0.74 zone
looking at indicators now we see that :
1_The market price trending below both the 10MA and the 20MA (bearish sign)
2_RSI showing at lot of weakness sitting around the 41.13 (at the time this was published) with no divergences between the indicator and the market price.
3_MACD in under a negative crossover , Market price is moving above the MACD (bearish sign )
Support & Resistance points :
support Resistance
1_0.745 1_0.7498
2_0.7424 2_0.7521
3_0.7401 3_0.7547
Fundamental point of view :
According to DailyFX
The AUD/USD has been under pressure of late following renewed virus fears in Australia, along with Federal Reserve hawkishness. The Australian Dollar may potentially have bottomed following a test of September 2020’s swing high at 0.7413. Currently AUD/USD remains below the key 0.5% Fibonacci level at 0.7499, having failed to materially break above during the last few sessions. With virus fears in Australia growing, the Australian Dollar may continue to consolidate near its 2021 lows until the fundamental outlook in Australia improves.
The data from Australia showed that the National Australia Bank's Business Confidence Index dropped to 11 in June from 20 in May, compared to the market expectation of 23. Additionally, the Business Conditions Index fell to 24 from 36 and missed analysts' estimate of 33. On a positive note, HIA New Hom Sales increased by 14.8% on a monthly basis in June but this print failed to help the AUD gather strength.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask
Thank you for reading.