Has XLF caught support after todays drop?To be honest i don't know where XLF will go from here. With my current skill level and studies, I think we can go a little more lower. What do you guys think? Comment Below
Finacial
Bitcoin (BTC/USD) Daily Chart Analysis For May 27, 2022Technical Analysis and Outlook:
Bitcoin's narrow trending range continues. Between our slightly expended Mean Res $31,300 Key Sup $28,600. The primary path is to completed the Outer Coin Dip $26,700 mark.
GBP/CAD could show a bearish returnThe pair has been on a downward trend recently, but has been recovering since early December. The bullish trend is very strong on the daily chart, but the pair failed to close above 0.618 Fibb. We also have a bear candle at this level (4h time frame). It could be a sign of the bull's exhaustion. Also, if you look at macd and rsi, you can see a strong bearish divergence. I would wait for the breakout of this thin channel on the 4h time frame for a short position, also some confirmation of the bear candlesticks would be great. But you should keep in mind that this is against the trend, so protect your profit as soon as possible and keep in mind that risk mangement is key.
Stocks since 1872, nothing like a single stock's behavior.Each 1 $ Invested in 1872 is worth today 1444 $. Not adjusted for inflation.
EurAud daily shortI am still aggressively short here. As we've seen on prev downtrends, a small retracement candle after a big down move on the day usually retraces to the 38 fib line of Prev candle. Short !!!!!
DJI, Daily Chart Analysis 9/27Implications and Outlook
DJI Index as well as the currency, initially jump higher on Wednesday: however, only to tumble back by the close. The exact about-turn took place during the press conference, however, seems to be as though market dealers are dismissing the numbers.
The Index at this point retreated from its fresh highs for a third consecutive day to meet Trade Selector Signal model Mean Support at 26408. The trend model remains on a short-term bullish, since the weak downtrend is intact, while Key Resistance 26746 looming above.
