We are close to resistance area. Downwards now 😱
Near $1.10 seems to be the spot for a rejection and retracement.
RSI and Stochastic RSI is in Top area, time for a reversal.
Are you shorting?
Canadian e-commerce platform Shopify ( NYSE:SHOP ) has reported its slowest quarterly revenue growth in two years, with its U.S. shares slumping 20.5% in premarket trading. The company's core clientele, small and medium-sized businesses (SMBs), have been more susceptible to the hit from sticky inflation. Analysts estimated current-quarter revenue to grow 19.35%,...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83000 support and resistance area.
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.0832 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.0938
Recommended Stop Loss - 2.0763
About Used...
Uber (NYSE: NYSE:UBER ) announced its first-quarter results on Wednesday, which surpassed analysts' revenue estimates but also reported a net loss. The company's revenue increased by 15% to $10.13 billion year over year. However, the gross bookings fell short of expectations, with the company reporting $37.65 billion, compared to the $37.93 billion expected by...
My dear friends,
NZDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5449 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.5434
About Used Indicators:
Pivot points are a...
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6618
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear , giving a perfect indicators' convergence.
Goal - 0.6550
Safe Stop Loss - 0.6662
About Used Indicators:
The...
My dear friends,
My technical analysis for AUDCAD is below:
The market is trading on 0.9059 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8998
Recommended Stop Loss - 0.9098
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
In assessing the Nasdaq's current market conditions, there emerges a compelling narrative suggesting a potential bearish leg in its trajectory. This notion finds its roots in the recent retest of the 78.6% Fibonacci retracement level, a critical technical threshold renowned for its significance in price action analysis. Concurrently, this retracement is...
The Dow Jones Industrial Average has recently attained a critical juncture, reaching the 61.8% Fibonacci retracement level. This significant milestone is augmented by the convergence of several key technical factors, notably including the Point of Control (POC) volume and divergence signals observed across various indicators.
The confluence of these technical...
NASDAQ:ARCT might rhyme its path in '19-'20 yrs
Now ARCT accumulating its power to the rapid jump in the middle of 2024.
Be aware, there was a drawdown in the end of '20's accumulation.
Anheuser-Busch InBev (NYSE:BUD) reported Q1 CY2024 results that exceeded analysts' expectations, with revenue up 2.3% year on year to $14.55 billion. The company made a GAAP profit of $0.54 per share, down from its $0.81 per share in the same quarter last year. Brand strength, marketing strategies, and shifts in consumer preferences influence the company's...
FX:USDCAD touched the bottom of the ascending channel with the confluence of Weekly order block and multiple FVG. NFP was nicely used for the manipulation below PWL. Now can see displacement to the upside with H1 BPR. I believe next week will see a bullish expansion. In the COT we can see that longs are being added and shorts closed which are below the average...
XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range.
The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the correction....
AUD/NZD 1-hour chart shows a clear example of a trend reversal by breaking the lower high. Now, I'm watching the 0.5 Fibonacci level. If the price breaks this level at 1.09650, I anticipate a further bearish move. Let's wait and see what happens next.
The price perfectly fulfilled my last BINANCE:BTCUSDT idea. On the daily timeframe, the market closed above the key level. It basically made a false breakout, then formed a big, long-tailed bar on the weekly timeframe. This shows bullish dominance. I think if the market does not lose momentum, it could potentially reach a strong resistance at 73000. If you go...
#Bitcoin & #Ethereum are both in descending channels, forming a downward trend. Compared to previous scenarios with money flow on the 1D, it seems they're trying to reverse to the upside. BUY/LONG positions could become available if, on a macro level, we see a higher low that could potentially retest the top of these channels. According to the market structure,...
The price perfectly fulfilled my last idea. BINANCE:DOGEUSDT formed a double top at the channel top, then rolled back to the support level at 0.14. On the weekly timeframe, it created a long-tailed bar, which indicates buying pressure. The market might retest 50%–61.8% of the weekly candle. If the price bounces off through the support zone at 0.13-0.14, we can...
