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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: Bitcoin experienced a significant drop from an attempt to complete the Inner Coin Rally of 70400. However, the Mean Resistance 68200 was the main barrier during this week's trading session. The overall trend suggests a recovery towards Mean Resistance 65300, with a possible extension to Mean Resistance 68200 and Inner Coin Rally 70400. There may be interim downward pressure toward the Mean Support at 55800 before the coin resumes its up movement.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: During the trading session of the current week, the Eurodollar sustained its decline by the Weekly Chart Analysis for the Week of July 19. The prevailing analysis indicates a continued downward trajectory toward a Mean Support of 1.081 and its corresponding Mean Support of 1.078. The anticipated downward movements will result in an initial interim rebound, potentially reaching a Mean Resistance of 1.089.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean Resistance target at 5567. Nonetheless, the prevailing price action indicates a sustained primary decline toward the Key Sup 5350 and Inner Index Dip of 5345 in the forthcoming week/week's trading sessions. It is acknowledged that these achieved targets will exert pressure for a robust rebound.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: Bitcoin exhibited significant down movement by reaching our Mean Support level at 64000 and subsequently rebounded strongly to retest our Mean Resistance level at 68200, as outlined in the Weekly Chart Analysis for the Week of July 19. The overall trend indicates progression toward the Inner Coin Rally at 70400, a retest of the completed Main Inner Coin Rally at 73200, and striding on to the anticipated long-term target of the Outer Coin Rally at 92000. It's important to note the initial downward pressure on the primary support at 65400 as the coin moves upward.
BITSTAMP:BTCUSD
by TradeSelecter
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S&P 500 Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar exhibited a notable surge once again, exceeding the Mean Resistance level of 1.090 and the previously attained Inner Currency Rally of 1.091, ultimately reaching this week's Inner Currency Rally of 1.094. The prevailing analysis indicates a sustained downward movement towards Mean Sup 1.086 and its corresponding Mean Sup 1.081. The concluded downward movements are anticipated to yield an initial interim rebound, such as Mean Res 1.086.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: Bitcoin has consistently demonstrated an upward trend in the current week's trading, aligning with the projections outlined in the Daily Chart Analysis for the Week of July 12. Both the Mean Resistance level at 60400 and the subsequent Mean Resistance level at 62800 were not only reached but surpassed greatly. The overall trajectory is progressing towards the long-anticipated target of the Outer Coin Rally at 92000. Concurrently, two significant interim milestones have emerged: the Inner Coin Rally at 70400 and a retest of the completed Main Inner Coin Rally at 73300. It is imperative to underscore the substantial downward primary squeeze pressure toward 64000, prevalent across all specified upper target levels.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar has demonstrated a substantial surge, surpassing the Mean Resistance level of 1.085 and reaching the designated target of Mean Res 1.090 and the previously completed Inner Currency Rally of 1.091. The prevailing analysis suggests a potential downward movement for the Euro toward the Mean Support level of 1.086, with additional extensions identified at Mean Support levels of 1.081 and 1.078, respectively.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: Over the course of this week's trading, Bitcoin has continuously traded within the range of the completed Outer Coin Dip of 54000 and the Mean Resistance level at 57900. Our analysis anticipates a potential breakout from this fluctuation zone, implying upward movement toward the Mean Resistance level at 60400 and possibly further to the subsequent Mean Resistance level at 62800. It is important to note the presence of potential downward squeeze pressure at the specified target level.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar has surpassed the Mean Resistance level of 1.074 and is currently positioned below the Mean Resistance level of 1.085. The present analysis indicates a potential down movement for the Euro to the Mean Resistance level of 1.078 and subsequently decrease to the Mean Support level of 1.074. However, it is essential to acknowledge the potential for an upward extension towards the Mean Resistance level of 1.090.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: Bitcoin has retraced to our pre-established completed Inner Coin Dip level of 59000, Outer Coin Dip of 57000, and current Outer Coin level of 54000. We anticipate a recovery from this landmark move, with a target to attain the Mean Resistance at 57900 and extend to the Mean Resistance at 60400. Conversely, our principal downside objectives encompass a retest of the completed Outer Coin Dip 54000 and potentially the subsequent Outer Coin Dip 51000.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: The Spooz has exhibited marked downward price action during this week's trading session, swiftly descending on the last trading day of the week from our designated Key Resistance level of 5488. It displays distinctive interim bearish price action characteristics, targeting Mean Support levels at 5449 and 5420. Anticipated renewed upward movement is expected from one of these specified price targets.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: Bitcoin has declined to our predetermined Mean Support and Next Inner Coin Dip levels of 60700 and 66500, respectively. We anticipate a rebound from this point, aiming to reach the Mean Resistance at 62500 and Inner Coin Rally level at 63300, with potential for further upward movement. Conversely, our downside targets encompass revisiting the completed Inner Coin Dip at 59000 and the completed Outer Coin Dip at 57000.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Eurodollar has achieved two of our downward trend targets in the current week's trading: Mean Support at 1.075 and 1.067, respectively. The remaining downside targets continue to be valid. The ultimate target for the completed Inner Currency Dip is 1.060 and 1.054; out of most, the completed Outer Currency Dip is 1.045. On the upside, the dead-cat rebound is set to target Mean Resistance at 1.073.
by TradeSelecter