EurNzd new drop to support?After reaching the important 1.7 resistance, EurNzd has started to roll back down and at the beginning of the month has broken under ascending trend line that has kept the price elevated since April.
Yesterday's intraday rise has reversed strongly, leaving us a long-tailed Pin Bar on our chart and the pair looks ready for a new drop.
Short-term support is around 1.63 and a drop under could accelerate losses.
I'm looking to sell rallies for a new test of 1.58 support
Signalsservice
GbpJpy- Where to sell?Since the 168.50 top reached in April, GbpJpy has started to trade in a range with a bottom around 160 zone.
Now the pair is approaching the higher boundary of the range and this can offer a good opportunity for bears.
Also, the rise from 162 is a rising wedge that can be a signal that bulls are getting tired.
Selling around 168 can have a good 1:3 R: R and a new high would negate this scenario
PHUN ready for another rallyPhunware, Inc. (PHUN) was one of the stocks related to Trump`s DWAC.
Now it is once again bullish together with DWAC.
Even though i don`t have expectations to go much higher, on a speculative FOMO, it could reach the $3.25 resistance.
Looking forward to read your opinion about it.
NzdUsd- Bottom in placeLast week, NzdUsd has broken under important 0.62 support. However, the pair lacked continuation and has blocked and formed new strong support above 0.61.
Friday's candle is a Pin Bar exactly from this support which can be the signal for reversal.
Confirmation for reversal comes with a break back above 0.62 and, in such a case, NzdUsd can continue its ascent to important 0.64 zone resistance.
I'm bullish as long as last week's low is intact
A potential sell opportunity on USDCAD | ShortUSDCAD got rejected at the resistance and began to fall. We also see that the pair created a head and shoulders pattern on lower timeframe which may confirm the bearish move. I expect the market to keep falling with goal to 1.254.
Please support my work with likes and comments.
Look for buys on USDCHF from the trendline support!Greeting fellows!
Let's take a look at USDCHF. The pair fell from its May 2022 high last week. We can also see that the pair has a rising trendline support at the bottom. If the rising trendline support hold, I'd expect price to rise. I will carefully monitor price and probably look for buying opportunity on this pair with two targets in mind, 0.98046 and 1.00180.
Friends, if you enjoy reading my ideas please support my work with likes.
If you have any comment, suggestion, question or opinion please make use of the comment section below.
ARKK fund price targetsWith investors moving from growth stocks to the safest dividend paying sector companies, the ARKK fund finds itself in a difficult position.
Once the interest rates go higher and money will be harder to borrow, my price targets from this ETF are $60, respectively $49 by the end of Q2.
Looking forward to read your opinion about it.
EURUSD Bearish Open, Bullish CloseI think we'll see a bearish start to the day. But that initial breakout will only complete the retracement we saw last Friday. The real money's to the up side. Stochastic is showing bearish divergence going into the London open. Long traders be cautious! it might be safer to wait for a break of structure down towards demand. See my weekly projection below for more on that. I'm currently in short looking to trade the breakout. I'll keep you updated.
Lowe's Companies, Inc. (LOW) forecastAfter the housing market is starting to see the impact of higher mortgage rates, LOW`s earnings beat and revenue which fell short of expectations aren`t enough to keep the stock price up.
I expect a retracement to the pre-pandemic level of $129 by the end of this year.
Looking forward to read your opinion about it.
AUDJPY Profitable tradeHello Traders,
We posted the AUDJPY Analysis before price movement. Please view the "related idea" section below to see how spot on we were in our analysis. We identified the Head and Shoulders pattern at a weekly price level
Price went 500 pips from entry point
$10 x 500= $5,000 profit
$100 x 500= $50,000 profit
$1000 x 500= $500,000 profit
Leave a comment if you did took the trade or you have learned and want to see more in the future
LYFT Disappointing OutlookLYFT predicted Q2 revenue of $950 million to $1 billion vs $1.02 billion expected
adjusted Ebitda of $10-20 million vs $83 million analysts expectations.
With this type of slow growth for a $10.7Bil company, my buy area is between $15 and $20.
Looking forward to read your opinion about it.
XMR one of the hottest coins nowDue to its privacy characteristics, XMR Monero is one of the hottest cryptocurrencies to own right now.
I expect the support to hold a from which it can bounce to the $287 resistance.
Looking forward to read your opinion about it.
AVRO all time lowWant to buy a stock at all time low?
On 1/5/2022 Barclays Boosted the Price Target for AVROBIO, Inc. (AVRO) from Overweight to Overweight and the price target from $6.00 to $22.00.
Now AVRO is $1.34. The next important resistance at $3.80.
MMAT 52 week lowMeta Materials Inc. (MMAT) is close to its 52 week low, ranging: $1.38 - $21.76.
What i see in the chart is an easy 80% upside potential support and resistance play.
Looking forward to read your opinion about it.
OKTA Falling Wedge and Losses Exceeding ExpectationsOKTA is bearish from both fundamental and technical perspectives.
The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million.
Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high expectations.
When investors see weaker forecasts or expenses increase, on rising interest rates, they are tempted to sell.
In this case, my price target is the $140 support.
Looking forward to read your opinion about it.