GOLD is likely to find support around 1900 based on the price pattern formed during the second quarter of 2023. If Gold price holds above 1900, a bullish scenario is expected toward 2040 mark.
Accenture Plc stock's price is likely to move toward a range between 330 and 345 by the end of September. Support is the area between 285 and 300 mark. As long as ACN share price holds above 285, a possible bullish bias is expected. Target=330/345 Support=285/300
Rivian Automotive (RIVN) has bottomed out which it signals a possible rebound toward 20 and 25.7 mark. If RIVN stock's price holds above 12.5, A possible bullish scenario is in the cards.
Crowdstrike stock's price is likely to rebound if it reaches the support zone between 137.3 and 138.3. Initial target is seen around 151.
ARKF has shown a strong reversal pattern which indicates possible break out above 20.5 mark. If stock's price holds above 20, bullish scenario toward 30 is likely to happen.
ABBV stock's price is approaching toward a support zone between 127.9 and 129.3 where a possible rebound toward 158.6 is expected. Support zone= 127.9/129.3 Target=158.6
USDCAD is expected to bounce toward 1.36 after reaching a key level of 1.333. As long as the rate holds above 1.33, a possible bullish move is in the cards.
IWM has bottomed out and is likely to head toward 218 by the end of this year.
Chipotle shares is likely to continue its bullish bias throughout the year reaching a price target of 2500 by the end of this year. Support is seen between 2000 and 2050 however if CMG stock price falls below a zone between 1970 and 2000, it would be a signal of more downside risk.
Shares of the ride-hailing company (Uber Technology) has bottomed out after broken above the two-year downward trend. Recent data shows that stock price is upward biased with a support zone between 28 and 29 mark. As long as the stock holds above 28, it is likely to reach a target of 41.9 by the end of this year. Downside risk is the area between 23 and 27 which...
LINDE has been bullish for a couple of months and stock's price is expected to reach around 390 (Average base-case scenario) by the end of this year. Support zone is between 325 and 335. Downside risk=275/300 Base-case scenario target range = 390/450 Support=325/335
Dollarama steadily rising trend is approaching toward a key resistance at 85.75. The ongoing pattern suggests that Dollarama’s stock price is about to break above the key resistance reaching to 97.8 target by the end of this year. Stock is currently trading above 200-day moving average which indicates the long-term sentiment is not bearish. If stock price is...
EURNZD has been upward biased since Jan 2023 and expected to remain bullish as long as it holds above 1.77 mark. SUPPORT ZONE = 1.77 / 1.773 TARGET ZONE=1.8/1.82 KEY LEVEL TO WATCH=1.77
AUDUSD is trading near the support zone between 0.666 and 0.668 where a possible bullish bias is expected. As long as the pair holds above 0.666, a move toward 0.674 and 0.681 is likely to happen. Targets=0.674 and 0.681 Support=0.666 and 0.668
GBPCAD is fast approaching toward a key level at 1.6772 mark. As long as the pair trades below 1.677/1.68 area, a pull-back toward 1.662 is in the cards. Resistance = 1.667 Target=1.662, 1.652 Risk=1.68/1.7
EURUSD is likely to fall toward 1.09 as long as it trades below 1.097/1.098 area.
XFN is rising toward toward 48 and 49.5 mark. As long as the share's price trade above 45, the ongoing bullish bias is expected to continue. Support=45 Resistances=48 and 49.5
AMD share's price has been slightly upward biased since last November and expected to remain bullish by the end of this year. Key support is around USD80 mark. As long as price holds above USD78, a bullish rally toward 144 is expected. Initial support=90 Main support zone=78/80 Risk=60 Major resistance zone=144/150 Time horizon= Dec 2023