USDCAD is heading toward 1.337 which is an initial target. Short-term volatility between 1.302 and 1.324 is expected. Support zone is seen around 1.302 and 1.306. It seems market would try to buy pull-backs until we get to 1.337 On the chart, 20 days linear regression with two standard deviations depicted which suggests possible boundaries within which market...
EURCAD recently made a top around 1.324. A resistance zone between 1.316 and 1.321 offers an opportunity. As long as price trades below 1.326 and 1.33 ongoing bearish bias continues.
EURUSD is unlikely to break above a resistance zone between 1.008/1.01 It seems that rate has stuck between 0.99 and 1.01; so trading range is expected to continue for a while
USDCAD has pulled back after unable to break through 1.32. Despite overall bullish sentiment, there is still more downside risk in short-term. Support is seen around 1.306
GBPCAD is oversold based on some metrics. Price action is also pointing to a possible reversal. As long as price trades above 1.517 there is likely to see a move toward 1.57. Given risk of 1.5 and target of 1.57, risk/reward is skewed toward upside.
AUDUSD is trading below key level of 0.687 signaling the continuation of bearish bias. September target is seen around 0.66
EURCAD is likely to rebound within a range between 1.322 and 1.326. As long as EURCAD is trading below 1.33, the mid-term bearish bias persists.
EURGBP recent rally is about to reach a key zone between 0.868 and 0.873. Ongoing bullish sentiment is likely to fade around 0.868 where a pull-back expected. The risk of a short position is a continuation of bull market toward 0.873.
Stock has bottomed out at 6.93 Analysis of stock’s price action shows that FIGS has probably reached the bottom at 6.93 and is likely to start establishing itself between 7 and 13. It seems a bearish sentiment which started since 2021 has finally come to an end. Strategy should be focused on taking advantage of price weakness rather than chasing the...
AUDUSD failure to establish itself above 0.7 during last week signals that downside risk has increased. Key level is seen around 0.687 and is likely to price break this level during next week. If price breaches 0.687, AUDUSD is likely to move toward 0.66 by the end of this quarter.
USDCAD is likely to remain bullish throughout this year. Price targets are 1.35 and 1.43, however the road to higher prices looks bumpy. One of the key level is 1.303 where a pull-back might happen. The second major resistances are the area between 1.322 and 1.328. There are two possible scenarios for the next two weeks: Scenario 1: USDCAD is unable to breach...
LCID stock has been in downtrend this year. A possible pull-back is expected if price reaches around 15.4
GBPAUD touched off a key level around 1.732 and possible scenario is a decline toward 1.732. As long as price trades below 1.732, ongoing bearish sentiment may continue.
AUDUSD made a fresh low this week, however it bounced off of the key level around 0.699. The likely scenario is to see price moves toward 0.71 by the end of this week.
USDCHF hit the key level of 0.951 which may trigger a pull-back. As long as price trades below 0.951, There is a case for a possible short-term bearish bias
DIA is approaching toward an overbought zone between 347 and 355 based on the momentum readings. Given the strong move that has build up during the recent weeks, There is no evidence of bearish trend that put us near the low of 300 one more time over the next six months. Basically as long as price trades above 339, ongoing bullish sentiment continues. Despite the...
XFN bottomed out on Jul 14 and since then has been bullish. It has demonstrated a strong momentum. Looking closely at key metrics it shows that the low of 42.43 would not breach for the balance of the year. Based on its current pattern, there is still more room to run. However it is hard for the stock to get through the area between 48.8 and 50 during the third...
DoorDash stock seems to have bottomed during months of May and June. Most probable scenario is a continuation of neutral bias by the end of this quarter. The risk is a fall in price toward 64/68 zone. On the upside stock price may not be able to move past the area between 80 and 85 anytime soon.