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USDCAD - further move down expectedThe USD/CAD pair is currently hovering around 1.3450 price zone after a recent dip from the psychological barrier of 1.3500. The Canadian dollar (Loonie) is facing some pressure as investors are less attracted to safe-haven assets, even though there's renewed hope that the U.S. Federal Reserve (Fed) won't lower interest rates until May. Oil prices have dropped slightly below $73.00 due to some economic headwinds. Global demand for oil is expected to remain subdued as central banks look to keep interest rates higher for a while longer to combat inflation. Additionally, China's post-pandemic economic recovery is still fragile, which is further weighing on oil demand. It's important to remember that Canada is a major oil exporter to the United States, and higher oil prices tend to support the Canadian dollar. If the USD/CAD pair drops below 1.3415, which was a high point on January 9th, it could open the door to further declines towards 1.3372, a high point on January 3rd, or even 1.3317, a low point on January 4th. Please see charts for all detils.
Short
by financialflagship
S&P 500 Daily Chart Analysis For Week of Jan 19, 2024Technical Analysis and Outlook: Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of Inner Index Rally 4882, we may face a squeeze that could cause prices to drop down to the Mean Support level of 4798 and possibly even the Mean Support level of 4725.
SP:SPX
by TradeSelecter
BTC TOPING OR CONTINUATION?Those who could not accept the change to $16k to $19k as a change in trend will not be able to now if $40k drops. Short in case of rejection after retest. Signs of weakness are visible and greed is at high levels. On the other hand, the market will probably try to capture the liquidity marked on the chart. Exiting the zone and accepting at $44.8k for a couple of days, we get information that the trend continues and that we are getting higher prices. Below is a Wyckoff pattern that shows the distribution at these levels.
by learnfromfailure
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal. Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles. One can enter at current market price and hold for target of 530 in the short term. For swing immediate 10% upside is seen, target at 415-420.
NSE:SESHAPAPERLong
by Rugminik
ETHEREUM will beat BITCOIN this time?GREAT WEEKEND EVERYONE Bullish on Ethereum primarily because of the ETH/BTC CHART. I am of the opinion that 2500 can come, which is also 0.618 fib from the highest peak to the bottom on June 24. We can discuss the enters: it's all up to you, enter DCA, enter now, wait for 200 Dma, 100 Dma, 0.5 fib. I am of the opinion that momentum is growing on the indicators and it may happen that we will not even reach those prices, my first entry is at 1940. Waiting for 1870 and then 1800. Liquidation under 1700
Long
by learnfromfailure
8
BITCOIN IDEASBitcoin is currently in the supply zone. In order for the trend to continue, we must leave a few days above 44000 to get confirmation. Exiting supply, we will first test the monthly level, which is at 45500, retest supply (which then becomes a big support) and go up. On the other hand, we have a huge liquidation at 40400, if the price fails to stay at these levels, there is a high probability that we will test 38500. Of course, a potential ending diagonal is created here as well as a Wyckoff top. Below I will post some of my analyzes for btc, if you wish, study further
BITSTAMP:BTCUSD
by learnfromfailure
2