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EUR/USD at 18-month lows with ECB on tap – Minimal support untilEUR/USD is putting the finishing touches on a brutal week, with the world’s most widely-traded currency pair falling over 200 pips week-to-date to hit its lowest level in more than 18 months. Not surprisingly, the weakness in the pair was driven by the same factor driving the greenback higher across the board: higher yields, especially on the short end of the curve. In this year’s first FOMC meeting, Fed Chairman Jerome Powell refused to rule out raising interest rates at every (remaining) monetary policy meeting this year and also left the door to open to a potential 50bps “double hike.” These comments drove the yield on the 2-year treasury bond up nearly 30bps trough-to-peak this week, though they’ve come in a bit on Friday. Unfortunately for EUR/USD bulls, the focus in the next week will be on the ECB, which is likely to reiterate that interest rates on that side of the Atlantic won’t be rising any time soon, underscoring the stark monetary policy divergence between the ECB and Fed. While short-term bounces are definitely a possibility after such a precipitous drop, the bears will maintain the upper hand in EUR/USD as long as rates remain below previous support at 1.1200. Meanwhile, the breakdown from the bearish flag pattern suggests that EUR/USD could eventually reach previous-resistance-turned-support from back in 2020 near 1.1000 in the coming weeks.
by FOREXcom
1
$TSLA is back!$TSLA trading higher today in large volume making it to push up above the ema line for possible bullish momentum. day trade or scalp target play: 01 /10/22 buy above 1123.00 sell at 1135.13 buy puts below 1080.93 sell at 1065.63 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. Note: My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NASDAQ:TSLALong
by CHRIS_B58
CHEWY MAJOR BULLISH DIVERGENCE!!4HR Time frame shows Bulllish divergence into major demand Zone . Fundamentals for this company are nice, nothing but nice accumulation by the big boys. 1st Target $73, lock in profit right there and ride out the rest Patience Pays and I am 100% expecting a huge run from CHEWY going into the end of the month. Option IV is dirt cheap, this will be the next big play. I trade the naked chart just using supply and demand zones. 2 years if experience in the market. I believe tops and bottom are shown by divergences. Not Rand candles and Elliot /Fibs counts
NYSE:CHWYLong
by BigBond
FARM - CHAD COINSomething I would like to bring to your attention is the " Harvest Finance Project " Although might seem like a meme coin, with a large TVL, large team. It was able to survive all major dumps and as well hack attacks. This coin did break down in the last dump and broke the Triangle down. However, now that the market is recovering, we can see good gain and seems like each time this coin drops below 70$ it eventually pumps hard to 200 plus. Well, I'm not saying it will drop again it is possible. We now see another Moving Average "200" forming and it is holding/having a bounce off it. What I can tell you right now is that FARM will be $400 and has all the reasons to hit the 1,000 dollar level. I will post updates and reasoning for each TA I do. Smogster...
by Smogster
4
Possible investment idea for Aurora Cannabis (ACB)We can see in the chart that the is a possible SHS formation forming. For this to be valid we do need to have a break of the neckline first. The thing that we can do now is just trade it long with our take profit level at the neckline and with our stop loss level right below the fake out that we got in the chart. As mentioned in the chart we know that the fake out was because of the outcome of earnings. If you want a better risk-reward ratio you can also just place your stop loss just below the support zone. The only thing that is not good for me for this trade is the fundamental side of the trade. The company is not in a good financial state at the moment so if we would take this trade it would suggest you to keep that in mind when you are doing your risk management for this trade and trade smaller than normally.
A
by MaBaCapital2
2
JWN Possible Long Trade Here?JWN IS STARTING TO LOOK LIKE A BUY HERE! SUPPORT RIGHT BELOW AT $35.03 AND A NICE BOTTOM WICK BOUNCING OFF ON FRIDAY. SETTING UP NICELY TO BOUNCE AS LONG AS THE MARKETS CONTINUE HEADING UPWARDS AND CAN ALSO GET A NICE BOOST AS A RE-OPENING TRADE. IF IT FAILS TO HOLD SUPPORT OF $35.03 I THINK IT FALLS INTO A DEMAND ZONE AND MAY TRADE SIDEWAYS SOME BEFORE POPPING HIGHER AGAIN. WATCH THIS TRADE THROUGHOUT THE WEEK AND IF WE SEE BULLISH MARKETS I THINK WE CAN SEE JWN SEE A NICE PUSH HIGHER OFF OF THIS SUPPORT. UNDER $32.90 I WOULD CUT THIS AND MOVE TO A DIFFERENT TRADE UNTIL IT GETS BACK DOWN TO $28.50 -> $29.50 CONSOLIDATION AREA. NOT FINANCIAL ADVISE ONLY SHARING MY OPINION AND IDEAS ON STOCKS!
NYSE:JWNLong
by GravityTrades
BTC/USDWe are entering the month of APRIL with all the bullish sentiments in the market and Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. As of now, we are witnessing the formation of RISING WEDGE in Daily TF and in smaller TF we are moving in a BULLISH ASCENDING CHANNEL . Now, according to my analysis the price action can play out 3 different scenarios ( in the direction of the arrows ). Let's see how it goes. For educational purposes only (DYOR). GEMINI:BTCUSD
GEMINI:BTCUSDLong
by Wolf_Of_Alt_Street
4
EURO / U.S DOLLAR 4HHello Good Day to every traders around the world, at first place thanks for the loves and for following my profile. Last week I had posted 6 ideas and I managed to make 5 win from it. Okay, lets go for next week trades setup. Here is my analysis for EURUSD in 4H chart. Like last week I'm not gonna explain much more because my drawing at chart could speaks to you if you look at my chart. Like we said, "TALK TO THE CHART, THE CHART WILL REPLY TO YOU" . And the chart replied to me with a bearish flag pattern which is I'm more into selling mode rather than looking for buy position. And here how I'm gonna position my trade here is I wait till the price to retrace back and will place my SELL LIMIT at the recent turning point or instant entry is its continues to drop. The Stop Loss would be 25 - 30 pips is much better. And the risk should be not more than 3% from your capital. Whatever it is remember my word, TAYOR (TRADE AT YOUR OWN RISK).
Short
by MrTrade17