NZDUSD: breakout of the trend and the beginning of the fallIn mid-March, the price broke through the resistance at 0.717 and thus left the main uptrend that had been in effect since March 2020. During the fall, the price formed a small almost vertical descending channel, and now we can expect that it will continue falling in this channel and eventually go down to the support zone of 0.678.
SL - 0.712
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Sellsignals
$SPY will crash soon...PLEASE PLEASE BE MOSTLY CASH!Wells Fargo Executes Four Block Trades Worth $2 Billion
Stocks valued at $2.64 billion changed hands in a flurry of block trades Monday as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week.
Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter.
US STOCKS-S&P 500 near flat; hedge fund default concerns hit banks
The S&P 500 was nearly flat in Monday afternoon trading, with bank shares falling amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines.
Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
Shares of Morgan Stanley were down 2.5% after the Financial Times reported it had also sold billions of shares, while the banks index shed about 1.9%. "There's still chatter as to whether or not, and which, American banks may be affected.
Wall Street's fear gauge rose.
Declining issues outnumbered advancing ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 3.11-to-1 ratio favored decliners.
The S&P 500 posted 69 new 52-week highs and no new lows; the Nasdaq Composite recorded 81 new highs and 50 new lows.
Everything has peaked...
$SPY will knife drop so fast, no one will have any time to sell...
GBPJPY: pattern on a weekly chartSince 2007, the price has been forming the 2 Descending Triangle pattern. "You can see repeating elements. An ascending channel, then touching the resistance line and a collapse at the support level. There were two such collapses in 2007 and 2015. However, since March last year, the price has been in an ascending channel. and has already touched the resistance of 151.98, so we can expect a collapse to support 125.89.
SL - 160.51.
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USDCAD: will continue to fall in trend?The price has been maintaining the downtrend since May last year - that is, for almost a year. The guides of this trend are two lines: support and resistance, which were formed during the same period. For the last month, the price has been moving exactly between these lines (it has made at least 5 touches). And now it is at the resistance line 1.261. We can expect that the price will further fall to the support zone 1.241.
SL - 1.271.
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EURUSD: continuation of the fall. Change of the global trend?As expected, after breaking through the level of 1.188, the price continued to fall and is now in the process of falling. This may indicate that the global upward trend that we have observed since the beginning of last year may be broken. Or, more likely, this movement is only part of the movement in a trend - towards its lower border. Now we can expect that the price will come to at least the price level of 1.174.
SL - 1.188.
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GBPJPY: when will the fall end?The price movement has been interrupted since the beginning of the year in an uptrend. At the beginning of this week, the price bounced off the 152.21 price level and broke through the lower trend line 151.60. Then the fall began. Now the price is below the price level of 149.25 and can be expected to continue falling to the level of 147.62.
SL - 149.85.
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AUDUSD: changes channel to trendSince December last year, the price has been moving between the two main price levels 0.758 and 0.781. Except for the breakout at the beginning of the year, when it peaked since 2018. However, there are also two trend lines on the chart. At the same time, the support line was formed in January 2020. Now we can expect that the price will touch it at the point 0.763 and will not fall to the lower price level.
SL - 0.781.
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EURJPY: new period growth-fallAt the beginning of the year, the price experienced a small but sharp collapse, after which it touched support at 125.07 and has since adhered to an upward trend based on this line. Inside the trend, the price periodically shows a strong rise, after which it invariably falls. Resistance formed at the peaks of this growth. Now the price is in the resistance zone 130.42 and can be expected to fall to 129.60.
SL - 130.84.
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GBPJPY: consolidation on the line as a signal to fallDuring the growth in a small uptrend, the price broke through the 150.43 support level, fixed on it and continued to grow. The other day it bounced off the resistance 152.11 and a fall can be expected to collapse, but the price has again corrected to the line. Let's consider this as a good consolidation after which the price will still fall to the lower border of the trend 151.79.
SL - 153.49.
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GOLD: fall or correction?The price worked out the correction in the support zone 1711.66. It initially came to this zone after the growth from the support at 1689.45 (intersection of the trend line and the channel). From the upper border of the zone) 1749.57), the price corrected to the lower one (1711.66) and we can expect that it will continue to fall to the lower border of the downtrend 1682.65.
SL - 1762.68.
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EURUSD: correction in bullish outlookIn the process of growth in the falling channel (the price bounced off its lower border of 1.184), the price almost reached resistance, but yesterday it turned around to work out the correction. Nevertheless, we can expect that during the correction the price will return to the 1.184 support zone. And only after that will it return to growth.
SL - 1.203.
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EURJPY: reversal in a bullish trend and fallFor the third month since the beginning of this year, the price has been following an upward trend. The only strong breakdown of the trend occurred at the end of February, but after the growth spurt, the price returned to the trend and broke through the resistance again. Price levels can also be noted at the highs of the trend. Now the price is at the resistance at 130.30 and can be expected to return to the lower trend line at 129.74.
SL - 130.83.
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AUDUSD: falling to the retracement levelThe price movement continues between the two major levels 0.781 and 0.757. Also between them is the level of 0.769, in the area of which the price usually makes corrections. At the beginning of this week, the price rallied from the correction level to the resistance level. Now it has turned around and can be expected to return to the 0.769 price level.
SL - 0.787.
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USDCAD: bearish movement, trend reversalThe last half of the year, the price movement was accompanied by frequent and strong jumps from growth to fall. Nevertheless, these movements fit into the downtrend. The resistance line forming this trend was formed in November 2020. There is also a correction zone in the middle of the trend. Now the price is ready to reverse from the resistance at 1.268. It can be expected to fall to support 1.252.
SL - 1.277.
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CADJPY: continued formation of a bullish trendThe price has been steadily increasing since February this year. This small trend formed between the support and resistance lines (February) AND the price did not break any of them. Now the price is in the process of completing the correction from the resistance at 86.20. At this point, the trend line and the resistance level intersect. It can be expected that the price will touch the level again and then fall to the lower border of the 85.24 trend.
SL - 86.83.
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USDCHF : when to expect a trend change?The price continues to grow steadily. During the growth, it made three small corrections in the areas of price levels. And each correction became a support for continued growth. However, now the price is approaching the level of 0.942 and from here we can expect a reversal and fall to the level of 0.929.
SL - 0.948.
AUDUSD: correction in the area between two price levelsThe price returned to the zone between the two main levels: 0.781 and 0.757 after the breakout in February. The retracement level in this zone is 0.769. It was recently broken by the price during the fall. We can expect the price to correct to the level and fall to the main support 0.757.
SL - 0.772.
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NZDJPY: set within trend - rise and fallThe price has been in an uptrend since last October. At the end of February, there was a strong breakout of resistance, but the price returned to the trend and is now at the support level without touching the trend border. It can be expected that the price will rise to the upper border of 78.78 and then fall back to the 77.25 level.
SL - 76.77
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EURUSD: bearish reversal in the patternAfter a short rise, the price of this currency pair fell again. Considering the price movement since December, one can find the "Cup with a handle" pattern. This is an inverted reversal pattern. We have a prior trend (growing). This means that after completing the pattern (and it has already happened), the price should break through the base line and collapse by the trend volume. I think that we can expect a fall to the zone of the previous correction of 1.184.
SL - 1.201.
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AUDCAD: reversal to bearish trendAt the end of December, the price showed a strong growth. Upon completion of this growth, it continued to move within the two price levels 0.988 and 0.973. And this movement was not very stable with large intervals. Now the price has come to the level of 0.988 and it can be expected that after the touchdown it will collapse. At least to the lower border of the price channel 0.978.
SL - 0.990
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USDCAD: return to bearish trend?Since the beginning of this year, the price has been showing a very volatile movement with large spreads in the lows and highs. On this period of time, it is controlled by two main lines + a line of breakout highs. Recently, the price has broken through the resistance line 1.268. It fell to the level of 1.261 and is now reversed. We can expect the price to continue falling to the level of 1.254.
SL - 1.266
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CADJPY: return to trend after breakoutContinuing to move in an uptrend, the price made false breakouts several times, and both of them in February. At the same time, one of the breakouts was quite insignificant, while the second one, last week, could lead to a breakdown of the trend. But the price returned to the channel again. It can be expected to fall towards the 84.07 level.
SL - 84.98.
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EURUSD: when will the fall stop?In January, the price kept the rhythm of movement: a strong collapse - growth to the previous volume. And now it is in the process of forming the third collapse in a month. Before the price returns to growth, we can expect it to fall to the price level of 1.203.
SL - 1.213.
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