Summary The surge in energy and agricultural commodities in the past 6 months had materialized into serious inflation even down to the consumer end across the globe. To cope with inflation, the Fed has begun to raise rate at an accelerating pace. The rise in the interest rate of the USD causes dysfunction of traditional risk haven such as Japanese Yen FX:USDJPY...
Following weekly chart and fibonacci levels. RSI supporting a short side trade. TP 29800 SL 33000 - please wait for weekly close.
The New Zealand dollar has reversed directions today and recorded sharp losses. NZD/USD is trading at 0.6285, down 0.75% on the day. Risk appetite has fallen, with US Speaker of the House Nancy Pelosi's controversial trip to Taiwan sending risk appetite lower. The New Zealand dollar has followed the Aussie, which has plunged around 1.5% today. As well, NZD/USD is...
In weekly chart I got the message from indicator that rising is over. At least it's time for a correction, so following daily chart. My plan is to short till 160, which has a good daily support, also I believe it'll close the gap TP 160 SL 184.5 - please wait for daily close.
Hello everyone . how are you doing? ALGO could pump and I still believe that its possible that we see a huge volatile situation. What do you think about it? I will be thankful if you share your ideas. Have a profitable day ;)
A man who took $3 billion in bitcoin during a savage burglary has been captured — 7,000 miles from where the supposed wrongdoing occurred. The man is blamed for breaking into a home in California, binds up a lady with conduit tape, and moving millions from her record. The 31-year-old supposedly wore ski goggles, a hood and gloves during the bold assault....
this index go down side breakdown this level this index go down side 5 wave
Henry Clay was a US Senator from Kentucky, the Speaker of the House of Representatives, the US Secretary of State, and a Presidential candidate in the 1800s. His legacy and nickname were “The Great Compromiser” for his involvement with the Missouri Compromise, the Compromise Tariff of 1833, and the Compromise of 1850. As Henry Clay understood, any great compromise...
Chart looking good, 3 successive higher lows and now back above the 200dma. Needs a close > $125 to break out the channel we have been stuck in for the most part of 2021. Demand for chips and related products manufactured by TSM should continue to stay elevated
As we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of...
What to do in the next 6-9 months with existing risk factors? Educate yourself to come to a conclusion. Do not blindly follow "experts". In the current situation we are facing several risks to the stock market. I listened to a lot of so called experts. They tell you what sounds great, what you want to hear. Most of them get paid for being on the show even it is...
Short EWT with 2.4N SL (S3) Rising wedge breakout possible wedge re-tested
The chart shows a descending triangle, with a breakout. The breakout yesterday and today, have been on strong intraday volume. A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident...
Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish. TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid? I lean towards...
This is our idea from last October on the FTSE TWSE Taiwan 50 Index. Well , first let's understand why Taiwan is such a great place to live and invest Also, How Taiwan beats China to be Asia's top-performing economy The rest is just history, Taiwan is a miracle. the FXPROFESSOR
We've all heard about the big ass ship stuck in Egypt's Suez Canal last week. On Tuesday morning (3/23) the 'Ever-Given' vessel, leased by Taiwanese Company EVERGREEN; was caught up in a 'Darude-like' sandstorm causing over 10 billion in damages so far and unforetold shipping delays. The Suez accounts for 30% of imports coming into Europe from Asia. There are...
Taiwan's export order totaled US$42.59 billion in February, with an YOY increase of 48.5%. The export order is estimated to grow even more by US$54.5 ~ US$56 billion in March, according to the ministry. MM analysis ICT ( +88.4% ), electronic products ( +52.4% ) and optical equipment industries ( +59.4% ) became the main driving force, drove up huge amount of...
I project an increase in the stock price of NASDAQ:PLAB due to: Increase in revenue since the last quarter. Commitment to Chinese and Taiwanese production plants that have a solid backing of governmental support. New technologies within the industry combined with a solid demand that wont decrease and the mono-product nature of Photronic. Demand for...