This is a good zone to watch. We either hit lows, or we bounce from here. The bias is long from here I believe as we were looking to test this zone for a long time. We can see the recent head and shoulders pattern calling for a drop, but hysteria kept the price up for longer than anticipated.
NZDUSD is at a key zone here and we are seeing a lot of bearish volume come in. We could potentially see price sell down through this support and possibly the ascending trendline. On the flip side, we could see price bounce from these zones as well for a potential long, but with DXY starting to look up with interest rates increasing in the future, it is more...
Clown me all you want, like I said gold is going up. XAUUSD LONG
Red is usually bad unless you're leading the Chinese communist party. From my view on the monthly I see repeated rejections on resistance. I don't think we're going up, it's time to bomb out on the dollar. Check the gold chart for reference.
Inflation soaring and no end in sight apparently. I anticipate gold to hit new highs in the coming months.
Litecoin could pullback to the .5 fib retracement support zone, where we could go long for the fib extension on the upside.
DKN could find some buy support here at the demand zone where we could see a pretty good risk to reward opportunity on the long side
EUR/USD broke out of a channel and is now going down to possibly test the 1.13 zone below.
PG has found support right near the ascending trendline.
Disney is printing a nice triangle pattern with upside potential to $210.00.
Nothing really needs to be said about this pattern on the Daily and Weekly. Textbook head and shoulders pattern, with the nearest support at 20K.
Roblox to release earnings on 8/16. We're seeing some heavy call flow come in and the setup looks clean from a technical standpoint. We have a break of resistance, that has now turned support on the 1H and 4H timeframes. This could go up quite a bit potentially.
SPY / S&P500 is at the key 50EMA zone which it has held consistently the last 6 times it tested. There is a low risk and high reward potential to go long here, as it has filled the gap at 423 zone.
AMC broke out of a wedge to the downside and now appears to be following a clear downtrend resistance line. Possibly headed to the next support zone of $25.00
GBP/USD turned to the downside, broke through the channel bottom and then came back up for a re-test of resistance. I will target the 200 EMA below but instead of holding a swing, I will scalp trade it on the way down.
Silver on the weekly chart could break to the upside as we have a bullish triangle pattern forming. I think it will move to the indicated zones above which are previous highs.
After checking the daily and seeing that instead of pushing below this zone, bitcoin instead has been consolidating. We can see a rounded bottom forming, we can also notice volume picking up at this zone and bullish price action follows. I think it is likely that this summer we will see crypto follow bitcoin upwards again.