IP (XLB) needs to hold this level or trouble lies aheadLots of weakness in many Material stocks.
Material stocks are leading indicators for aspects of our economy.
This pattern trendline breaks and it could signal a massive decline.
Technicals
#BABA #ALIBABA LONGALIBABA is nearing support and should be ready for some big upside in the coming weeks/months. Analyst price targets are downside HKEX:72 upside median HKEX:150 and long HKEX:220 , considering the market is a bit shaky and volatile i would be more conscious to the downside and put an even lower downside target of about 45/50 range. however, the recent news coming out of BABA on splitting the business is a very solid news for the stock and is definitely the one to hold on to for big gains.
CGSP: trade ideaCGSP is on the verge of breaking lower.
This chart looks like a perfect risk to reward setup on the downside.
the only caveat is earnings approaching, waiting for the reaction.
GBP/USD Trade setup (Short Position) Potential trade setup on the 1-hour timeframe for GU. Price action is creating a nice "expanding bearish triangle" pattern which could make another retest towards the price level (1.24000) before continuing in the sellers direction. Going back to April 10th, you will notice the support that was created multiple times before price created indecision candles closing above & below that support zone. Finally, both EMA's are confirming sellers momentum is slowly shifting over to a bearish selloff. Updates will be posted when price enters our area of interest. Stay tuned.
30 year yield: Bullish as everThe long end yields have been climbing recently and many stock market participants are not recognizing this.
The long end yields market may be signaling to us that inflation is going to be entrenched longer than what mainstream experts are calling for.
On a technical basis the 30 year has now recaptured all the key daily moving averages and looks primed to head higher.
CHTR Potential Trade AlertThis is a top short target. Keep this name on your watchlist as its been lagging the communications sector.
If the communication sector sees weakness which we think it will, this name will be a relative weakness trade to the downside.
Earnings approaching is the major outlier event.
CAD-CHFThe price of this currency pair has been moving in a downward trend on the D1 chart since June 2022. On the H4 chart, the price has reached a resistance level that previously served as an important support level. In addition, the price is very close to the upper line of the descending trend channel, which is another indication of an opportunity to open a SELL position.
Breaking News! Gold just broke a crucial support level (15min)Hello Traders
Tell me what you think about Gold in the comments
Gold has been showing signs of bearish momentum in the 15 min time frame as indicated by the breakout of the support level. This suggests that there may be a potential trading opportunity for sellers in the short term.
Regards,
The Mehdi
Trade Idea: CVSCVS is completely oversold and into massive support.
Will see see a technical bounce in the near term?
The previous breakout zone is approaching.
BITCOIN What Will Happen Next? Analysis!
Hello,Traders!
BITCOIN did not yet manage
To break the key decisive level
And I think that before the
FED's first rate cut we will
See BTC consolidating
Between the two levels
But after the breakout
And 1W candle closing
Above the level we will be
Able to say that BTC will
Go higher and sky is the limit
Before that and before the
FED acts, I am inclined to
Expect consolidation
Analysis!
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P2P | DXY - Long Term AnalysisGreetings to all who can decode this message lol thank you for tapping in with the content!
This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100.
So yeah gang, not too much to get descriptive over because everything is explained in the video. Enjoy the rest of your week, trade well, and keep crushing it for 2023!
USD-CHFThe currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In our opinion, an ideal opportunity for a "long" position.
S&P500 Inflection PointThe spy has closed below a key support which has now become resistance. Closing Below this level for 2 consecutive weeks leaves it vulnerable to retracing lower to the next major support. A retrace down to to the major trendline breakout will be very healthy consolidation if it manages to hold that level.
DXY possible breakoutThe DXY is on watch for an hourly breakout.
This is coming on the back of China inflationary numbers.
2.1% YOY inflation
0.8% MOM inflation.
The Month over month came in slightly hotter than expected which could be signaling maybe a hotter US CPI next week.
The China Reopening may be the cause of this.
APPLE - Some Upside short termapple is in range bound trading and could potentially move towards 178/180 area before it takes a pounding and move towards 115/110 Area.
DXY, SPY, Yields: what the heck happened?Crazy action and reversals. Once again the volatility continues but the vix didnt spike.
We discuss the US Dollar, Yields, SPY.
#GOLD Forecast #Gold is about to make some big moves, testing the pivot , is it going to be making a triple top or will it pierce through 2100 this time and move towards 2500 level. Patience can be rewarding in this
Double Top on EURUSDBreaking of a strong support and two price peaks shows strong confluence to double top pattern
Going short on TSLAThe stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
Bullish indications on CAD against CHFThe bearish rally has seemed to bottomed out after formation of bullish divergence and subsequent higher low. Buyers are advised to wait for the breaking of strong resistance level before going long in this trade.
Intraday Price Movement & OnchainHello Traders
In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price.
So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum.
On the On-chain side, I screenshotted two metrics from Glassnode to show you how crazy today's On-chain activities are.
Coin Days Destroyed (CDD) for any given transaction is calculated by taking the number of coins in a transaction and multiplying it by the number of days since wallets last spent those coins. So there was a spike in CDD, showing us that there's a risk in the market. On the other hand, the realized loss shows that so much bitcoin was transferred in loss, meaning the price can see a bullish movement today.
I still stick with the previous analysis I shared.
For today I see bullish consolidation or a bullish breakout, and for upcoming days I see a pullback that I mentioned in the previous post.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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Good luck.
