Charts_M7M

Charts_M7M

1️⃣ Bullish Triangle Pattern The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout. 2️⃣ Strong Support Level The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside. 3️⃣ Broken Resistance Line The...

Charts_M7M

NVIDIA remains a leader in AI-driven markets, benefiting from demand for GPUs in data centers, gaming, and AI development. Its AI and machine-learning capabilities are shaping industries like autonomous vehicles and healthcare. However, valuation concerns and risks tied to macroeconomic shifts or supply chain vulnerabilities may pressure the stock. Looking ahead...

Charts_M7M

📊 Technical Analysis: Amazon's stock continues to show impressive strength, breaking past the $200 and currently trading at $217.94. This surge aligns with the typical year-end "Santa Claus rally," where stocks often benefit from increased retail activity and market optimism. With consumer spending on the rise and seasonal trends providing a tailwind, Amazon...

Charts_M7M

The CAD/JPY pair is showing signs of bearish momentum within a descending channel on the 1H timeframe. The recent price action indicates potential for further downside, supported by technical confirmations: Descending Channel: The price is respecting the boundaries of a well-defined bearish channel, suggesting continued downward momentum. Weak Low Formation: The...

Charts_M7M Updated 

The EUR/USD pair has reached a weak high near 1.0598, suggesting potential exhaustion of bullish momentum. Key levels and patterns indicate a possible short setup: Change of Character (ChoCH): Signs of a shift in market structure to the downside, as seen in recent rejections. Bearish Order Block: Price is testing a supply zone, aligning with a short-term bearish...

Charts_M7M Updated 

The GBP/USD pair is showing signs of a bearish continuation within a well-defined descending channel on the 4-hour timeframe. Price is currently testing the upper boundary of the channel, aligning with a potential reversal zone. Resistance Zone: Price is rejecting near the 1.2875 level, which corresponds to the channel's upper boundary and a potential supply...

Charts_M7M Updated 

Super Micro Computer, Inc. (SMCI) recently saw significant interest as Rakuten Securities purchased 61,071 shares. After a substantial decline, SMCI is now trading near a key support level around $22, showing potential for a recovery. If the stock rebounds to $62, this could represent a +173% return.

Charts_M7M Updated 

📍 Key Levels to Watch: Support: 1.0450 – Buyers stepped in strongly here. Resistance: 1.0530 – A crucial level for bullish continuation. 💡 What’s Happening: Price bounced from the 1.0450 support zone, showing clear bullish interest. If the pair breaks above 1.0485, it might target the 1.0530 resistance. 🔎 Look at: Keep an eye on a potential retest of...

Charts_M7M Updated 

The pair has shown some bearish momentum, reaching a zone of interest for potential reactions. While a short-term bounce is possible due to oversold conditions and the proximity to a key weak low, the risk here is not negligible. Market dynamics suggest this could be a countertrend move, so it's vital to manage risk carefully. Key Observations: Weak low...

Charts_M7M Updated 

The pair has pulled back from its resistance level at 1.77600 and found strong support, forming a short-term uptrend. A potential retest of the resistance level could occur, as the higher timeframe suggests a shift from a bearish to a bullish outlook.

Charts_M7M Updated 

The pair is trading within a rising channel pattern, signaling a bullish outlook. It is currently near the lower range of the channel, suggesting potential upward momentum. 🔍 Key Observations: The price is bouncing off the channel support, aligning with bullish sentiment. RSI is neutral, leaving room for upward movement. Bollinger Bands indicate potential for a...

Charts_M7M Updated 

The pair is currently respecting a descending trendline, signaling potential continuation of the bearish trend. 🔍 Key Observations: Price tested the trendline and is showing signs of rejection. RSI indicates potential overbought conditions, with a likely shift downward. Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move. 🎯...

Charts_M7M Updated 

We're in action! A short position on CHF/JPY has been signaled around the 175.08 level. 🎯 Target: 174.75 The pair is showing potential for downside after forming a retracement. Let’s monitor for the move! 💡 Manage your risk and trade smart. 🚀

Charts_M7M Updated 

Light Crude Oil Futures Analysis – NYMEX (CL) Crude Oil Futures (CL) are presenting a compelling buying opportunity as the price consolidates within a symmetrical triangle, suggesting an imminent breakout. This technical setup often leads to significant upward momentum when the price breaks through the upper resistance. With the current support around $66.18...

Charts_M7M

Currently, there's a strong sell opportunity on the USD/CHF pair. This setup presents a great risk-to-reward ratio with three take profit levels strategically placed. The market is showing a clear trend, and the technical indicators support a potential downside movement. With careful risk management, this trade offers an excellent chance to capitalize on the...

Charts_M7M

The AUD/NZD pair shows a clear bearish trend with the following key highlights: Break of Structure (BOS): Multiple BOS levels confirm the bearish momentum. Change of Character (ChoCH): Signs of a bearish market structure shift further validate the downtrend. Strong High at 1.1024: This level acts as a resistance zone, providing an optimal area to short, as price...

Charts_M7M

At this stage, fundamentals take precedence when analyzing SMCI. While the chart reveals a clear Fibonacci retracement at the current price level (~$28), this also aligns with a strong resistance zone. Historically, such levels represent pivotal decision points for the market, and breaking through this level will require substantial momentum backed by positive...

Charts_M7M

Our market update already hit TP on NZD/CAD before with the sell position, which played out well. Now, we're shifting gears with a BUY possibility! Entry: 0.82530 Take Profit: 0.84505 Stop Loss: 0.81089 This setup is based on a careful analysis of the current market conditions. As always, trade responsibly and manage your risk wisely! This is not financial advice.