blowe7

blowe7

FSLY broke through the Support Zone with a strong bearish candle. So, I think there is an increase likelihood that FSLY may head lower to $11.65 or lower.

blowe7

Resistance is around $11.61. At resistance if XPEV fails to break it then that would be a good area to short. If XPEV breaks resistance with good buying volume, then it can possibly head higher to $13.13 or the resistance zone: $16.72 - $18.25.

blowe7

USD/CAD is by support. If support is broken then it may head lower. However, any bullish candles developing at support may indicate that buyers are stepping into this pair and USD/CAD may head higher.

blowe7

BA is in a downtrend. It has reached the resistance zone and formed a bearish candle on Friday July 22, 2022. It also formed a bearish flag. With earnings coming up, and all the bearish signs I am seeing, I think further declining of this stock's price is inevitable.

blowe7

NZD/CHF looks like it is forming a bearish flag on the daily chart. A break and close below support at 0.60098 can see this pair fall to the next support line at 0.59247

blowe7

If GBP/JPY breaks and closes below the trendline, then it may head to support line at 160.394

blowe7

REI formed a big double bottom and it also kind of formed an inverted head and shoulders pattern as well. It broke the neckline and is currently testing the second resistance line at $4.01. I think it may pull back to support around $3.30 before it moves up again. My alert is set for $4.20. Add to your watchlist and monitor the price action. I think in the long...

blowe7

I see positive divergence on JMIA on the Daily chart. Momentum is building to the upside while the stock is consolidating. A break and close above the resistance line around $21.50 with a decent bullish candle and good volume will act as confirmation. JMIA can head to $25 or $32. I will wait and see what transpires

blowe7

CAD/JPY is currently at a strong resistance zone. On the weekly chart there is clearly negative divergence ( price made a higher high on lower momentum). I am waiting to see what develops next week via price action, but in my view, CAD/JPY may be heading down soon. Potential targets of 88.318 and 85.555

blowe7

FB is moving in a channel. A break of this channel with good selling volume can see Facebook head to lower prices

blowe7

Note: EUR/CHF is currently trading in a channel. It has also broken a trendline to the downside. On the weekly chart, it looks like its forming a head and shoulders pattern. If it breaks the channel to the upside, it still has to deal with 2 resistance lines and the trendline. It may go as far as the second resistance line at 1.09878, but ultimately it is likely...