IWM has bottomed out and is likely to head toward 218 by the end of this year.
Chipotle shares is likely to continue its bullish bias throughout the year reaching a price target of 2500 by the end of this year. Support is seen between 2000 and 2050 however if CMG stock price falls below a zone between 1970 and 2000, it would be a signal of more downside risk.
Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year. Downside risk is the area between 23 and 27 which...
LINDE has been bullish for a couple of months and stock's price is expected to reach around 390 (Average base-case scenario) by the end of this year. Support zone is between 325 and 335. Downside risk=275/300 Base-case scenario target range = 390/450 Support=325/335
Dollarama steadily rising trend is approaching toward a key resistance at 85.75. The ongoing pattern suggests that Dollarama’s stock price is about to break above the key resistance reaching to 97.8 target by the end of this year. Stock is currently trading above 200-day moving average which indicates the long-term sentiment is not bearish. If stock price is...
EURNZD has been upward biased since Jan 2023 and expected to remain bullish as long as it holds above 1.77 mark. SUPPORT ZONE = 1.77 / 1.773 TARGET ZONE=1.8/1.82 KEY LEVEL TO WATCH=1.77
AUDUSD is trading near the support zone between 0.666 and 0.668 where a possible bullish bias is expected. As long as the pair holds above 0.666, a move toward 0.674 and 0.681 is likely to happen. Targets=0.674 and 0.681 Support=0.666 and 0.668
GBPCAD is fast approaching toward a key level at 1.6772 mark. As long as the pair trades below 1.677/1.68 area, a pull-back toward 1.662 is in the cards. Resistance = 1.667 Target=1.662, 1.652 Risk=1.68/1.7
EURUSD is likely to fall toward 1.09 as long as it trades below 1.097/1.098 area.
XFN is rising toward toward 48 and 49.5 mark. As long as the share's price trade above 45, the ongoing bullish bias is expected to continue. Support=45 Resistances=48 and 49.5
AMD share's price has been slightly upward biased since last November and expected to remain bullish by the end of this year. Key support is around USD80 mark. As long as price holds above USD78, a bullish rally toward 144 is expected. Initial support=90 Main support zone=78/80 Risk=60 Major resistance zone=144/150 Time horizon= Dec 2023
USDCAD has bottomed out at 1.3305. The support zone is between 1.331 and 1.336 where a possible bullish move is expected to extend toward 1.35. As long as the pair holds above 1.33, the bullish bias is expected toward 1.35 by the end of this month. Support=1.331/1.336 Resistance=1.35/1.352 Risk=1.3215
NZDCAD is expected to remain within a range between 0.825 and 0.839 throughout the balance of this month which might create an opportunity to buy dip and sell the rip. Support zone=0.823/0.825 Resistance zone = 0.838/0.839 Time horizon= April 28, 2023 Downside risk=0.791 Upside risk=0.844
GBPNZD is approaching toward a resistance zone between 2.013 and 2.017 where it is likely to create an opportunity for a bearish bias. If the pair does not hold 2.017, the ongoing bullish trend would continue to grind higher. Resistance = 2.013/2.017 Target = 1.97/1.98 Risk=2.25/2.1
GBPCAD has reached a support at 1.654 mark where it may lead to a short-term move toward two key levels around 1.666 or 1.677. As long as the pair holds below 1.666 and 1.677, a bearish path toward 1.63 is one of the possible scenario within the balance of this month.
USDCAD is approaching toward a key level at 1.331 where it is likely to rebound toward 1.35 mark. If 1.33 does hold, a short-term bullish move as much as 1.5% is expected. Risk = 1.30 Resistance = 1.35 Key level=1.331
EURGBP appeared to have breached a key level around 0.8815 which suggests a short-term bullish bias. As long as the pair trades above 0.8815, bullish scenario is in the cards. Risk=0.8815 Resistances =0.887 and 0.892
EURJPY pair has reached a key level around 146.5 which it implies a possible pull-back toward 142/144 area. Key reversal=146.5 Risk = 147/148.2 Target zone=142/144