Eliarich

Eliarich

Looking to buy gold here target price 2,500 with hurdles at 2354.73 & 2431.59. stop level on a 2 days close below 2291.465 or a 2% intra-day break below it.

Eliarich

Bitcoin has been in the news for months now. The monthly chart shows an interesting trend that goes long when RSI(14) goes above 50%. The signal has worked well in the past. Will it continue to work well, so we can see old 69,000 highs or even new ones?

Eliarich

The stock has recently broken out of a consolidation zone and is poised to begin a fresh uptrend. The company stats are more on the growth side, with Bloomberg analysts predicting that EPS would increase by 36.4% in 2024. Fundamentally and technically, things are looking well; if the final aim of 311.75$ is met, a possible return of 58% might be accomplished. A...

Eliarich

With equality between W4 and W2 in time and price, indicating a complete W4, a perfect Elliott wave count is unfolding on the USD/CAD, with the target for the 5th wave being 1.3920. Stop at 1.3651

Eliarich Updated 

Could the Semiconductor service provider see a resumption in the up trend

Eliarich

Bearish Signal given ridding the slide down to 1.05522. Stop 1.0786

Eliarich

The recent rally in the euro looks corrective, looking for an opportunity to short.

Eliarich

The reopening of the Chinese economy would increase demand while also pushing prices higher, according to the IEA and OPEC, who provided an optimistic prognosis for 2023.

Eliarich

Midway through January, the yield on the benchmark German 10-year Bund fell to below 2.2%, reaching its lowest level in almost a month. This decline in yield followed a global decline in borrowing costs and coincided with signs that inflationary pressures globally are slowing, primarily because of a decline in natural gas prices. The effect is significant on the...

Eliarich

With inflation in the US reaching its lowest level since the end of 2021, and the Bank of Japan reviewing its ultra-loose monetary policy, a strong yen is expected to reach 126.77 at least.

Eliarich

The upward movement for gold is underway but has hit a significant resistance level. The fact that the RSI is hitting lows over 50% and a bullish reversal is in place is highly intriguing. Could this result in a test of 1998.46 or perhaps its breaking? If we close below 1729.59, we'll go into the sideways zone.

Eliarich Updated 

With the political tension between the US and OPEC, oil is caught in the middle. It looks poised to continue downward. This scenario will be rendered invalid if there is a two-day close above 77.74 or an intraday break of 2% with the price reaching 79.30. 

Eliarich

With the broadening triangle broken as well as the support at 3,912.6. We are waiting for a snap back to 3,912.6 to check for a probable sell opportunity.

Eliarich

Bloomberg :"Recently, investor opinion has shifted more in favor of the industrial metal. According to the most recent CFTC statistics, hedge funds increased their net bullish Comex copper bets to a 3-week high. Although there is some worry that the road to reopening may be difficult, the growth prognosis appears to be unmistakably positive".

Eliarich

The Australian resembles a diagonal triangle towards the conclusion of the Fifth Wave. Prices could accelerate towards 0.6885 before going back down to 0.67. We will be looking for a reversal pattern with confirmation before entering the market once 0.6885 is hit.

Eliarich

Bearish Scenario : Patterns start to resemble one another, will the SP start to decline? We must wait till the 3912.6 crucial support level is broken. Bullish Scenario: The overall picture showed that the market has recently spent more time rising than falling. A break of 4118.5 is necessary for the bullish ratio to become active.

Eliarich Updated 

Bullish on gold with minimum target of 1848.80$. major hurdle 1807.96$, Stop on 2 days close below 1731.85$ or 2% intraday break

Eliarich

American Eagle Outfitters (AEO) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items. As the chart shows it has room to reach 17$ and 18.10$. with major hurdle at 15.86$. Potential return is between 11 - 17.8%