Palladium, which hit an all-time high of $3433 in March 2022, has since experienced a major downturn, plunging below the $3000 support level and losing 34% of its peak value by the end of that month.
The downward trend persisted throughout 2022, breaching the critical $2000 level in October.
A significant bearish move in February 2023 further pushed the price...
Amazon is once again proving its innovative prowess by negotiating with key players like Verizon, T-Mobile, Dish Network, and AT&T to offer budget-friendly or free mobile services to its U.S Prime subscribers. This groundbreaking step could transform the telecom sector and strengthen Amazon's position by merging e-commerce and telecom.
Bundling wireless plans and...
Netflix has made a strategic move to curb account sharing by nearly half its global user base to boost revenue and subscription rates.
The policy checks a device's IP address to confirm single-household usage, but tech-savvy users have bypassed these restrictions with a VPN app, Meshnet, muddling Netflix's ability to identify user connections from different...
From October 2001 to July 2021, Amazon shares rocketed from $0.27 to a record-breaking high of $188, a stunning 70,000% rise.
Remarkably, during the height of the Covid-19 pandemic, Amazon's stock surged 23%, contrasting sharply with the S&P 500's 19% dip.
However, in late 2022, Amazon faced a downturn, with prices falling below the $100 mark. After hitting a...
Nvidia, a tech industry leader, has shown remarkable financial growth. In Q2 2022, earnings per share were $1.36, dipping to $0.58 in Q4. However, Q3 2023 projections are promising at $0.92 per share and a revenue of $6.52 billion.
In October 2022, Nvidia's stock price, initially heading towards $100, found support at $108, marking the start of a bullish trend....
The previous all-time high from September 2011 at $1920 is playing
a major role in price action yet again. Price reacted to this level in March 2022,
where the high of that candle also tagged the current all-time high at $2075.
Price failed at both resistance levels and went on a decline, creating a low
at $1614 in September 2022. November 2022 through to the...
It was only in September this year that the British Pound fell to record lows,
with the exchange rate hitting a low of 1.0356.
Price swiftly reversed after that drop and bounced hard from the record low
and back into the consolidation area.
We have seen a 19% price move to the upside, above the 1.2000 round
number. Now the next level of resistance is the 200...
Tesla may have grown in popularity over the past few years, but the share price
has been falling rapidly since November 2021.
It was only back in June 2019 that price was trading at $14 before shooting up
2846% to a high of $415 in November 2021.
That is some significant growth in a very short period of time. But as with anything
that goes up fast in the...
The decline in the S&P 500 has been in progress since the start 2022, and is
technically still in a decline until indicators prove otherwise.
We can see a consistent pattern of lower lows and lower highs, but early signs
show that a support level may have disrupted this pattern.
In early October 2022, price hit the weekly 200 simple moving average which
is...
The Dollar Index was contained inside an area of consolidation from January 2017
to June 2022 before finally breaking out to the upside above $103.
Price had a clean run producing strong bullish candles through to September 2022,
moving from $103 to $114.
Exhaustion then crept into this asset, causing a decline in price, which was to be
expected based on its...
The GBPUSD made record lows in September this year. Price declined to a new all-time
low at 1.0356 as it passed the low of February 1985 which was at 1.0520.
The British pound has strengthened since then, rising up 16%. And in doing so it has
moved back into the long-term consolidation zone.
Within consolidation, price is currently around the 1.2000 round number...
The EURUSD went on a 25% decline in 2014 through to 2015. WIth such a steap drop in only
a matter of months, it was only natural that price would fall into a long period of consolidation.
The consolidation period lasted much longer than anticipated. It lasted for 7 years and we eventually
saw price break through the consolidation support in July this year. Price...
After a 9-month waiting period, McDonald’s has finally created new all-time highs.
The previous all-time high was back in January this year at $271.
Following that, price then went into a range between $217 and $271 and managed
to pick up enough momentum this past week to force a breakout from consolidation.
Our task now is to confirm whether this is a fake...
The Dow Jones is leading the way for the three US indices by being the first to
recently break and close above the daily 200 simple moving average.
There was a previous break and close above the 200 simple moving average back
in August this year but this proved to be a fake breakout. Only to see price decline by 16%.
This recent move up has been more impulsive...
The USDJPY is now up 18% since breaking out from the major resistance at
125.85 from the June 2015 high. In the recent post for the USDJPY, price was
up 11%, so it has seen good growth since then.
The move is no surprise as price broke out from long-term consolidation, lasting
almost 7 years. Following this strong current move, we can expect another period
of...
The S&P 500 is at a major point because it is currently being held up by the
200 simple moving average, which, if it fails as support, could see price freefall
forming a bear market.
Back in March 2020, price breached the 200 simple moving average, but its
time below this indicator was short-lived as we saw a quick return back above
the 200 smiple moving...
The Forex market has come alive after many years of very little activity. One pair in
particular that stands out is the GBPUSD.
Following the long-term consolidation, between 1.1409 and 1.4376, which held price
at bay from October 2016 until this month, price has taken a sudden dive through support.
Price reached historic lows this month, creating a low at...
The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022
and the buyers are looking strong for September so far.
Price was previously in consolidation between January 2017 and June 2022 and when
price consolidates for lengthy periods of time such as this, we can expect strong moves
in the direction of the breakout like we see at...
