Get started

Forexchief

EURUSDEURUSD The pair broke the parity level for the first time in 20 years, and this situation is unsustainable. Sellers are cautiously mastering the area of 0.9950−0.9850, but fixing profits too quickly and cannot consolidate yet. Key price zones remain, although the euro still has a chance for a positive. The level of 1.0050−1.0150 is accumulating buying interest, but the support of the foundation is needed for a confident upward movement. We are waiting for a signal from the ECB.
Long
by Kuznetsov_Sergey
TeslaTesla made a leap and exited the Ichimoku cloud. After a three-month decline in quotes to the level of $600 per contract, Tesla made a growth spurt and broke through the trend line of the long-term downward channel. The situation was significantly changed by the Chinese market and sales growth in June was 142% and 135% higher than in the same period in 2021, as stated by the China Passenger Car Association. This fact was positively reflected in the deferred demand of the market and the contract price broke through the resistance of $700, after which it confidently fixed itself above $750 per contract. It is worth noting that at the level of 700 a bullish engulfing candlestick combination was formed, which is a strong technical signal for further confident growth. Not an unimportant addition is the exit on the price chart from the Ichimoku cloud with the potential to test the resistance level of $800-900.
NASDAQ:TSLALong
by Kuznetsov_Sergey
USD/JPYUSD/JPY There is growing concern among Japanese industrialists about the prospects for economic growth amid rising commodity prices and the coronavirus outbreak in Asia. Working out the reaction to the statistics, which showed a decrease in confidence in the country's economy, is almost completed, but the trade interest in buying remains. The growth scenario can be considered after a retest of the zone above 136.00/50, with a confident breakdown of 133.20/00 we will fall to the protection zone of 130 and below.
Long
by Kuznetsov_Sergey
Alerian MLP ETFAlerian MLP ETF risks falling to 2021 low ETF Alerian, after updating the two-year high of $42 per contract as part of a long-term uptrend, began a rapid flight to the $30 support level, breaking through the trend line of the two-year uptrend channel. The current downward dynamics of Alerian's decline puts investors in a stupor, the presence of gaps only confirms pessimistic moods. Pending buying demand is below the $30 support level, which could well be the starting point for a subsequent correction with the potential to recover with a renewed high of $50 per contract.
AMEX:AMLPLong
by Kuznetsov_Sergey
GoldThe US may be left without Russian gold. The US Treasury Department plans to issue a decree banning the import of new gold from Russia. The relevant information is contained on the official website of the administration of President Joe Biden. Thus, the Biden administration will expand targeted sanctions to further restrict Russia's access to global financial markets. Gold occupies the second place in the external export of the Russian Federation after energy resources. Gold futures ignored this statement and the opening of the trading week shows a low volatility dynamics. The instrument is traded in a rather narrow price range of 1.825-1.850. The $1,800 per contract support level remains key for a solid rise towards the $1,900 per contract target.
CAPITALCOM:GOLDLong
by Kuznetsov_Sergey