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EUR/USD: Poised to challenge multi-year lows near 1.0640 EUR/USD has dropped below 1.07. Significant support aligns at 1.0640 and sellers could look to book their profits in case the pair falls toward that level, FXStreet’s Eren Sengezer reports. Bears eye 1.0640 as next target “March Durable Goods Orders and New Home Sales data from the US will be looked upon for fresh impetus. The Conference Board will release the April Consumer Confidence Index as well. Even if these data come in better than expected, it might not be enough for risk flows to dominate the markets.” “It's worth noting that EUR/USD will touch its weakest level since April 2017 with a drop below 1.0635. Sellers might see such a move as a profit-taking opportunity and trigger a correction in the pair. In that case, 1.07 (psychological level) aligns as the next recovery target before 1.0730 (static level) and 1.0760 (static level).” “A daily close below 1.0640 is likely to open the door for additional losses toward 1.06 (psychological level) and 1.0570 (static level from March 2017).”
Short
by sniper_2022
$SPY Prediction Update, technical's are on-point. Good Afternoon Traders, Looking back to previous technical analysis (from January), yet again, proved to be on-point. This is good news for technical traders. The Ukraine-Russia conflict is still trading on solid technical foundations. If you're a beginner in this realm, or would like to improve, try out the UPRIGHT Suite for assistance. See below (then). (Now) Next analysis, coming soon. Follow, like, share, look at my pro, etc. Cheers, Mike (UPRIGHT Trading)
AMEX:SPY
by UPRIGHTTrading
BTC Perfect exmple of support turns in to resistance!Yestaterday i put long position because of the Bull flag breakout.Target was almost hit but i took my profits at 45.4k because of the previous support now turned in to resistance at 45.5k. If we see sign of a bounce i am ready to put small long position at the weekly support at 43.1k Trade smart and good luck to all traders. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94
SP500 4 possible scenariosSP500 has shown some weakness in the beginning of 2022... All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness... At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market. ''Money today worth more than money tomorrow'' In addition to that we'll have QT most probably from the second quarter of this year. On the chart I am showing 4 possible scenarios (maybe someone will see even more) of price movement from technical POV. Fundamentally speaking I think and believe that we are going to see ATH this year around 4950-5000 zone at least. Also it is quite possible that we will see another lower low this year. This week we had great results from such tech giants as MSFT and AAPL, which in my opinion is and will remain one of the most important bullish supporter. We can see a very weak momentum and RSI or MACD indicators in the oversold territory. Also, huge volumes entered the market on the ''panic'' last week. I hope to see a strong rebound in the short-mid term. All the best, GIgor_021 #tothemoon
ULong
by GIgor_021
Short fundamental and technical analysis of a 'must have' stockQuarterly report: Very impressive in my opinion. It was beating analyst estimations both in terms of revenue and earnings as well as future guidance and outlook. Investors are happy and on pre-market the stock is gaining more than 8% at the time of writing. Fundamental analysis: 1. Valuation: I could say that historically $MU had better valuation than it currently has, however if compared to industry peers and the overall market the valuation seems OK to me... especially in current highly overvalued environment and FED hawkish tone. 2. Growth: The company remains a growth story. Earnings are forecasted to grow roughly 20% per year in the near future. Revenue growth is estimated to be not so significant. 3. Profitability Luckily the company is extremely profitable. It was reported that gross margin equals 46.4%, operating margin equals 34.2%, while net income margin is almost 30%. 4. Financial position: Excellent. Cash rich, almost no debts and well covered. 5. ESG rating: Low risk and good rating (17.7 at Sustainalytics) 6. Dividend $ Buyback: 0.49% the current div yield and TTM the company repurchased $1.3b of its common stock. Technical analysis: The company is gaining on pre-market and remains in the uptrend. Next psychological resistance is around 100. This is the price where I will slightly rebalance my position. Thanks for reading, Feel free to ask any questions or comment down below.
NASDAQ:MULong
by GIgor_021
JAPANESE YEN REACHED LAST strong resistance ZONEHello my friends, today I want to talk with you about JPY. Price started consolidating near resistance zone . In my opinion JPY can pull back after retesting this zone and change trend. As a target we can take next good support level or pitchfork median line This is article not financial advice, always do your own research. If you have any questions, you can write it in comments below and I will answer them. And please dont forget to support this idea with your like and comment, thank you.
Short
by ZAKNOGO
2
USDCHF 1DSummary: Fed officials are succeeding in calming the situation The pair broke below important support Swiss franc hits 3M highs Recommendation: Trade: Short USDCHF behind the market Take profit 1: 0.8908 Take profit 2: 0.8777 Stop loss: 0.9107 Justification: USDCHF fell below the 0.90 level, where it has not been since the end of February. It looks like the Fed officials have managed to calm the market down again regarding the fears of inflation growth and monetary policy tightening. This has led to a sell-off in the USD. The latest data from Switzerland showed that domestic factory activity rose to a new record in April and CPI hit a 15 month high. From a technical perspective, USDCHF broke below major support at 0.90. There is a 23.6 Fibo retracement of the decline starting in March 2020. The overall outlook remains bearish if price holds below this support. We place the stop loss at 0.9107. Source: xStation5
Short
by PipFor
Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also retesting it very smoothly on low volumes supporting the view for a long trade for swing. The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels. There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits. PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon. Trade accordingly :D #Happy trading. #PurePriceAction.
NSE:TIRUMALCHMLong
by dhirengandhi16