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$NVDA: Scoop There It Is ⤴️Recent political environments regarding Taiwan Semiconductors have highlighted the world's economy's need to wain from the dominance of TSM in the semiconductor manufacturing process, I think a great deal of money is going to come into NVDA both private and government as the US seeks to retain harmony with political rivals. This could greatly benefit Nivida's market cap, the stock has also shown how effectively it can move in massive cycle's so timing a perfect entry could be difficult through this range, but try scaling in and keeping your cost basis as low as you can.
NASDAQ:NVDALong
by Fox_Technicals
BOEING - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. BA is overall bullish , trading inside our brown channel and since it is retesting the lower brown trendline and round number 200.0, we will be looking for trend-following buy setups. on DAILY: BA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:BALong
by TheSignalyst
24
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
USD Strength: DXY ForecastThe greenback has made a very strong bullish push for the past month. As we start the new month of October, I expect the USD to retrace towards either: The the weekly trendline Previous resistance Support 93.000 ...before continuing higher (Provided positive fundamentals for USD) Things to watch out for this week (Fundamentals): OPEC Meetings (Monday) (Today) ADP Non-Farm Employment Change (Wednesday) Average Hourly Earnings m/m (Friday) Non-Farm Employment Change (Friday) Unemployment Rate (Friday)
TVC:DXY
by NoahXBorg
USD Super Strength ExpectedFundamental wise , The Greenback made a strong push with the ever-rising inflation concern. It seems that the FED is starting to feel the pressure of inflation however the situation remains uncertain as the Delta Variant is still rampant in the US. This seems to be a hopeful outlook towards a rate hike. We should we remain cautious as Final GDP q/q and Unemployment Claims is expected to be released later today (Expected to be good news as inflation is high and the FED announced that they're close to their employment goals. Final GDP q/q Forecast: 6.6% Previous: 6.6% Unemployment Claims Forecast: 333K Previous: 351K On the technical side , remain cautious as price is currently testing the 94.300 Level and may reverse towards a weaker USD. If price breaks and retest level 94.300, I will be looking to go long USD across the board.
TVC:DXYLong
by NoahXBorg
EURUSD - A Larger Retracement to Come?The euro has given back some of its gains against the dollar over the last week, after rallying strongly to break out a descending channel over a couple of weeks prior. Today the pullback entered into interesting territory, between the 50 and 61.8 fib levels, where already it is finding some support. That area also coincides with the top of the channel it has just broken through. It should be an interesting test for the pair. On the one hand, a 38.2% retracement of the longer-term decline - May highs to August lows on daily chart - would be very shallow and the rotation off that earlier mentioned support may suggest there's more to come. On the other, a break below the 61.8% level and channel high on the 4-hour chart would be a major blow to the euro recovery and could point to further pain to come. The strength of the rebound combined with where it occurred may indicate the former looks more likely. With so much US data to come this week and the recent trend being soft, that may get a helping hand. The flipside to this is that Fed policymakers prior to the blackout period remained committed to the taper, which may limit the downside potential, and a few positive data surprises this week could see the dollar quickly find itself back in favour.
by OANDA
1