The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week. We continue to see sharp volatility in the currency markets and the Japanese yen has not been immune to the turbulence. Risk apprehension has...
GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day. In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a...
GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day. In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the forecast and was up from 7.5% beforehand. With inflation running close to 8%, a...
The New Zealand dollar has started the week in negative territory. NZD/USD is down 0.50%, and is trading at 0.6825 in the North American session. The currency enjoyed its best week since August 2021, with gains of 1.75%. The war in Europe has drained risk appetite, but the kiwi, although sensitive to risk, is also a commodity-based currency, and has moved higher...
cypher harmonic pattern: X=$61.5 AB=0.61 XA BC=1.41 AB 0.78 XA=$24.47 1.27 BC=$29.7 0.88 XA=$37.64 1.6 BC=$96.67 1.13 XA=$107.65 2 BC=$355 the 2nd wave has been considered cypher too: ab=0.61 xa bc=1.41 ab
The Japanese yen has moved higher on Thursday, as tensions are once again rising over the Ukraine crisis. Invasions fears have ratcheted upwards after NATO warned that Russia could use a border skirmish as a pretext for a full-scale invasion of Ukraine. The US has rejected Moscow's claim that it is reducing its military presence on the border and Russia expelled...
the turn around in the nasdaq and big tech as well as related sectors and their respective etfs should also hit self driving. we should find ourselves breaking the downtrend soon.
the rest of the ev and self driving market should bounce, and this should cause the individual stock to bounce. if we break this tightening bottom bull it should spring up to upper 990s
its interesting to think this stock could be worth over $5 at some point when not long ago this thing was chilling in the low $2s. theres no technical indications that the bull trend is over for the hourly picture, but oscillators are saying it is overbought if we keep cloaing hours above aavwap/vwma and the .382 i dont see anything wrong with targeting $4.48 that...
With the infrastructure bill getting signed and earnings as a catalyst I think this stock will take off. Consensus EPS of -.08 while earnings whispers of -.10. I think it comes in above both resulting in a big surprise and a jump in the stock. Pennant formation combined with what looks like a coiled RSI. in 12/17 $10 calls.
Technical Thesis: -double bottom -20 day MA on the verge of a steep cross up through the 50 day MA -average volume is trending upwards -it broke out with significant volume Fundamental Thesis: -YoY Profit margins are trending upward -from 2018 to 2020 their debt to assets has fallen significantly -on the Macro side, with the ability of large-scale production and...
Recent political environments regarding Taiwan Semiconductors have highlighted the world's economy's need to wain from the dominance of TSM in the semiconductor manufacturing process, I think a great deal of money is going to come into NVDA both private and government as the US seeks to retain harmony with political rivals. This could greatly benefit Nivida's...
Spendy Spendy. What's your vice? Ahhh the ecommerce addicts buying IP infringed products from overseas. oh well. Hooray *rising rates environment! Go small cap gems!!! "Buy American Act". Thanks Biden. Go USA!!
Signals Position: short Entry price: 286 Target: 272 SL: 275 Indicators RSI is reversing from a position of overbought: good time for a short DMI - is reversing indicating a bearish trend Both Keltner channel and Bollinger bands indicate a strong trend Pattern The price is bouncing between the support and the resistance lines and...
AS U SEE THE TRIANGLE IN 4H TIME FRAME IF WE DON'T SUPPORT 37 AND 38 TO THE UP OR LISTENING TO RICH PEOPLE BY A TWEET FOR TRADING U ARE GOING TO BE LESS THAN ZERO SO ALWAYS KEEP YOUR STOPLOSS AND SAVE YOUR DAILY PROFIT ON THE CHART ENTRY:37000-38000 TP:40000 TP2: 42000 SL:35300
On Thursday, the Canadian dollar has posted small gains. In the North American session, USD/CAD is trading at 1.2147, up 0.11% on the day. The Canadian dollar has been on a tear lately. USD/CAD has fallen 1.32% in May and the Canadian dollar hasn't suffered a losing week since March. Canada's economic recovery has been bumpy and lockdown restrictions remain in...
The year-on-year increase of US durable goods reached 25.02% (previously 3.2%), with an absolute value of $256.3 billion (previously $254 billion). Year-on-year increase of nondefense new orders for capital goods reached 11.59%, to $75.9 billion in March. MM Analysis As the impact of cold winter retreat, nondefense new orders for capital goods reached $75.9...