EURCAD LONG/BUYThis pair has reached the previous low. It bounced with a high price movement. I predict it will go to the previous high. At 1.353845
And furthermore there was no news concerning this pair which will affect the price.
Fundementals
EURUSD - Fundamentals to shape next move!Sometimes its best to just stay away when we have news events, data releases or any other big fundamentals that can cause havoc in the market. I like to find a position and be in profit before any other influential impacts hit the market, if you siting in a trade near entry and something dramatically changes you can be left in huge drawdown or in a big loss, even slippage! Trying to open trades off the back of a data release is almost impossible to get any sort of consistency.. I still haven't got my short entry on EURUSD and I'm not just going to open a position for the sack of it, I trade off a strict plan and also encourage you guys to do the same! the market is risky and can eat your account up with a few mistakes, stay safe guys and good luck! ill be back on Sunday and hopefully have my voice back lol.
CHZUSDTHello my dear friends
The range of the flag limit has been maintained and the movement trend has not been lower than $0.1766, the positive divergence of the RSI has been issued in the four-hour time frame.
If the current trend is above the range of $0.2183, we expect a reaction and the formation of an increasing trend to a higher area in the return of the price from the range of $0.1878.
We would be happy to hear your comments
GBPNZDalmost near horizontail line..and here we can take risk to buy on bullish based. i think it rebound from here and make bullish move and can hold for long. what you al think feel free to drop your thoughts in the comment below.
Venus Pipes and Tubes - Hot businessVenus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes
Revenue Split FY22
Industry wise
Engineering – 60%
Chemicals - 31%
Others – 9%
Geography wise
Domestic - 46%
Stockist / Traders - 44%
Exports - 10.5%
General Notes
1. Recently listed co
2. Has 5 product lines in business with good client tele
3. Co is working on expansion plans. It already 10,800 MT installed capacity. Company is currently working on capacity expansion of Seamless & Welded Pipes/tubes from 3,600 MTPA & 7,200 MTPA to 9,600 MTPA & 14,400 MTPA, respectively along with the introduction of Mother Hollow pipes with 9,600 MTPA capacity.
Co. has proposed to install an acid regeneration plant (ARP) where the consumption of acid in the manufacturing process shall be reduced substantially and the same will help it in improving operating margins.
4.Major export presensce from FY 22
5.Short term borrowings has increased and cash flow is 0 (100% utilization). EPS has decreased on QOQ because of the expansion since internal accruals and debt is taken for these expansion
6.ROE and ROCE are not specatular but with expansion work getting in we can see the fruits in FY23
EURUSDHello dear friends
The price is currently within a 20-year range, from this range, a reaction can be expected.
According to the descending wedge pattern at the end of the downward trend and the positive divergence of the RSI , if the $1.00133 range is completely consumed in the current trend, there is a high possibility of forming an upward trend similar to the drawn scenario.
EURUSDHello my dear friends
This area that the price movement has reached now is from the last twenty years.
Currently, a type of intensive movement has been created for us in the daily chart, which is likely to exit either from the upper or lower side.
In the four-hour time frame, the positive divergence of the RSA has been issued, as a result, the probability that the price will break out of this compression from the upper side is higher.
Please keep in mind that the above view is valid as long as the price range of $0.9567 is maintained.
We would be happy to hear your comments
FA and TA - Tesla heading to 1040 before OCT, 1500 soonFA (Fundamental analysis)
Firstly, the shut downs in shanghai are allowing Giga shanghai to ramp up in production while Giga Berlin and Giga Auston are ramping up. (End of year deliveries est is over 1.7 mill as a base case)
Secondly, demand for the cars are incredible. Tesla has to increase the prices of the cars to reduce the amount of orders. They simply can't keep up with the demand (Good thing). EV credits (coming in september) will increase the already insane demand. Once factories are ramped, Tesla will bring prices back down (For every 7k drop in price, demand doubles)
Looking at the Bloomberg terminal (I will provide a link to Gary Black's tweet in the comments), every time the EPS estimates rise (Wall Street analysts realizing the company is growing), Tesla always shoots up and the EPS estimates rose while the stock fell. (Oversold imo)
In Q4, Tesla will open another factory (North American one. Likely in Canada, but could be in East USA).
In October, the twitter overhang will be lifted. The twitter shenanigans has brought FUD to the stock. It would've been valued at 1100 currently without it.
Stock Split. Tesla's options are quite pricey. This prevents retail investors from purchasing options (A contract is 100 shares. An ask of 150 would make each contract 15,000). A stock split would make these options significantly cheaper enabling a gamma squeeze to happen as the stock climbs. In addition, many brokers don't offer fractional shares. This will also allow retail investors with limited capital to purchase more shares.
Potential stock buyback. Tesla has lots of cash on hand. They are trying to spend it ramping factories and etc. If they still have significant pools of cash, they might just give some of it out as dividend (unlikely) or they could do a stock buyback. If Tesla believes that the stock has a good potential return, why wouldn't it use some of it's leftover cash to do a buyback? A buyback will reduce supply (bullish).
Earnings was great too.
TA (Technical analysis)
Firstly, I apologize for my messy chart
Triangle: There is a decently sized symmetrical triangle formation starting from May. Looking at the squeeze mob indicator, there was lots of consolidation (evident from the black dots) and the pressure released towards the upside and calming down (Bright green to dark green). It was aiming up towards 900 (which it reached).
RSI is heading up strongly making higher lows and higher highs. Volume is steady and will increase from stock split. MA crossed to the upside (I couldn't fit it on this graph) and Supertrend is green with a long way until it reaches red.
Cup and handle. There was a failed cup and hand from Jan to April. Bringing the line all the way down to the recent low, it suggests a 1040 price target.
Bull Flag. There was also a failed bull flag. Bringing that line down suggests a 1040 too.
The descending triangle from 2021 gives us a strong support and resistance around 840. The stock passed it and bounced off it several times and rebounding (bullish asf)
Strong resistance and support trendlines creating a wedge (I will also provide a link in the comments)
I wasn't able to draw these trendlines in my original chart so I drew them in the TeslaCAD chart. There is a strong trendline acting as a support from Dec 2020 with over 5 monthly candles hitting it and another one from Jan 2021 with several candlesticks using it as resistance. This wedge suggests a 2000 CAD price target (1555 USD).
I will continue to update this, but these are the strong catalysts suggesting an upside movement for the medium term (3-12 month timeline). I could care less about how it moves each minute as this is a long term play. Yes it's volatile and each drop creates a buying opportunity or a place to DCA (If you bought at a higher price).TSLA has served me well for the past 4 years.
EURAUD BUY OANDA:EURAUD
Hi there everyone I think the #eur Falling is Coming to end soon and this pair could be on it's way to go up ...
I'll be happy that you comment your thoughts on my analysis ...
FLUXUSDTHello, I hope we have a profitable week
It should be noted that a higher ceiling has not yet been formed for us. But the divergence of RSA in different time frames cannot be ignored!
Even if we don't consider the pattern in the daily time frame as a bearish wedge
(because it has taken a long time in terms of waves)
The downward trend line has been broken upwards and the zones have been maintained in the correctional movements.
In my opinion, the probability of reaction to the range of $0.4 is high and if the price does not fall below the specified ranges.
And in the upward trend, if it is above the yellow area ($0.511), the upward trend is likely to extend to higher areas.
We would be very happy if you share your thoughts with us.
Thank you for your support (:
EURCHF - Where are the sore spots of the SNB?The SNB delievered a real game changer in the last week and hiked its rate by 0,50%. The whole market got catched on the wrong foot and the EURCHF dropped immediatly by more than 200 Pips.
So whats next for the franc?
The SNB explained that they could intervene now from both sides.
So they could either slow a appreciating CHF (as they did many times) or they could also slow a depreciating CHF by selling their huge FX reserves (that was new and unexpected by the market)
My guess is that their 1st level on the downside would be the 1.0000 level (-> round number and psychological level)
Their level on the upside could be 1.05 as the EURCHF dropped strongly 2 times in the last weeks from this level without any news or data to support this rapid weakening.
Maybe it was the SNB already with their feet on the brakes? Again I'm just guessing here and I will have a close look on the SNB data in the next weeks to verify this thesis.
So a range in the EURCHF between 1.00 and 1.05 could be plausible.
What could be the points to break this range?
1. Inflation in Switzerland would need to drop significantly to give the SNB more room to breathe (upside pressure for the EURCHF)
2. ECB would need to become more dovish (downside pressure for the EURCHF)
3. sudden positive news from the Ukraine conflict (huge upside for EURCHF possible)
(4. Of course a further slowing in the world or european economy would also lead to downside pressure for the EURCHF)
DOCKUSDTHi dear friends
In your opinion, the possibility of forming a head and shoulder pattern is not reversed!?!
On the daily time frame, it has reached an important range, we have a positive divergence of the RSI, the bulls have consumed the ranges nicely in the uptrend.
The possibility of a reaction in the yellow range of $0.01592 is very high. By observing the specified loss limit, there is a possibility of forming an upward trend up to the white range ($0.02756).
We would be very happy to hear your comments
OGNUSDTHi dear friends
The price has been very nice in its movement, respecting the previous ranges, and until the orange uptrend line is broken to the bottom, I have no mentality for a downtrend.
In my opinion, there is a high possibility of forming an upward trend from the $0.2458 or $0.2348 price range.
The yellow range ($0.3454) is not so valid and probably there are no special orders in this range!!!
If the uptrend line doesn't break down, the longer term downtrend line is more likely to break, isn't it!?!?
SNXUSDTIf the price is below the $ 2.792 price range, in the uptrend up to the $ 3.376 range, we can change the trend and have a downtrend.
I think this uptrend with this good momentum needs to be corrected (;
Sounds like an uptrend, doesn't it? GMTUSDTHi, I hope today is a lucrative day for all of us (:
The momentum of the uptrend is strong. I do not have a signal for a strong downtrend, I think the price will react to one of the ranges ($ 0.88684 or $ 0.75182).
We have to wait to see if the blue range is lost or not, if the range is maintained a buy deal can be made.
Do not forget the loss limit.
It would be great if you could share your thoughts with us.
AVAXUSDTI do not think that this move will succeed in breaking the long-term trend line.
I think we should change the trend from the $ 18.82 or $ 19.77 range and complete a price correction up to the $ 14.77 range.
I think the trend is still declining or if it is bullish we still do not have a stabilizing trend!
If the price can be above $ 20.7, there may be an uptrend in the short term.
EUR/USD SELL(SHORT) - FURTHER DECLINESEUR/USD is a recommended STRONG SELL — Rally
Overlays:
- Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level)
- Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels)
- Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high
- Fibonacci Level 61.8% — 1.06147
- Fibonacci Level 50% — 1.06475
- Price will break trend reaching this level but still be a lower high in comparison to 2x previous high
- MA30 level — 1.05868
- MA60 level — 1.06274
Sub-indicators:
- Stoch RSI strength in downside momentum, deep in oversold territory, moving averages cross above and slightly sloping upward confirming the accumulation for a rally in this downtrend
- CMF — shows major strength in participants participating in the distribution phase of this currency pair. Well below the CMF mid point level.
GBP - a detailed analysisA detailed GBP analysis:
Negative factors:
➡️Last week's PMIs were disastrous. GDP often follows the PMIs, which paints a very bleak picture for the future of the UK economy.
➡️Inflation is at a dizzying 9%.
➡️The consumer is suffering the consequences of inflation and sentiment is thus in the basement.
➡️Sometimes retail sales also follow consumer sentiment (strong correlation).
➡️If retail sales actually collapse to such an extent, this would further weaken the UK's growth and a recession would be a real risk
(Next retail sales release on 17.06.22)
➡️With the threat of a recession, the central bank of England (BoE) would row back sharply on the interest rate hikes already priced in as not to put further strain on the population and the economy
-> this would result in GBP weakness. (Next BOE meeting on 16.06.22)
➡️Brexit disputes with the EU could boil up again and put additional pressure on the GBP.
However, much of this is already more or less priced into the GBP and the reason why the GBP is one of the weakest G10 currencies since the beginning of the year.
Now to the positive sides:
As mentioned, the labour market in the UK is booming and the unemployment rate is at an all-time low.
-> As long as the labour market can remain stable, there is hope for the UK economy.
-> but at the same time this means that if we get much weaker labour data in the future this would weigh massively on the GBP (next labour data will be published on 14.06.22, even before the BOE meeting)
➡️On Thursday the UK Chancellor of the Exchequer announced a new £15 billion fiscal package where those on the lowest incomes are to receive a one-off payment of up to £600 from the government. This is a big boost and can add up to 0.7% to the UK's GDP
-> this is very positive for the GBP
As mentioned, much of the negative is already priced into the GBP, so many speculators (hedge funds, trend-following algos) are already heavily short GBP.
When so many speculators are already short, the danger of short squeezes is high.
-> Short squeezes can be particularly violent and result in a rapid rise in the GBP price.
Conclusion:
In the long term, the negative factors weighing on the GBP outweigh the positive factors for me, but in the short term much of this is already priced in and it would take a short squeeze to force the speculators out of the market. Only then would the GBP be an attractive short candidate for me for a long-term swing trade.
-> The factor that would make the GBP a long-term short candidate earlier would be a sharp weakening of the labour market.
ℹ️This analysis was from the point of view of a long-term swing trade.
Of course, shorter-term day trades in GBP (in either direction) are equally possible at any time.
Tip: Look out for the GBPUSD at 14:00 GMT time today. It will highly likely trade at 1.25500 and after that a bigger move could follow.
TESLA - THE MACHINE THAT BUILDS THE MACHINESThe company with multiple companies within. After acquisition of PERBIX Tesla became the machine that builds the machines.
Not much needs to be said here except:
Macro environment plays out for all the known reasons.
Maximum fear have not been reached by retail yet. Institutions are buying in. Largest whales Vanguard and Black Rock have increased their holdings.
Total Increased Positions 1.558 vs Total Decreased Positions = 968. New Positions = 236 vs Sold out Positions = 141.
Guess who survives the next 10 years
MBG Net debt = 94.13B
GM Net debt = 80.42B
F Net debt = 95.76B
TSLA Net debt = -11.29B
A clear 10/10 broadening wedge / megaphone pattern is playing out with multiple price gaps in between (represented by the orange lines) 2/7 has been filled. All might not be filled (least changes to be filled around the 450 price target)
80% completion of the pattern expected to be reached around Q2 earnings with reversal to the upside for 100% completion and onwards to new ATHs.
In spite of of continuation or reversal, descending broadening wedges are always bullish in nature.
Only reason for this idea to be invalid will be WW3 with nukes.
In times like these remember to be more together with your family <3
Project With An Actual UseInternet Computer (ICP) is a decentralized blockchain network that was officially launched in May 2021 by the DFINITY Foundation with a global goal to push the boundaries of Internet functionality and support smart contract development at a larger scale.
With Internet Computer, absolutely anyone can create software and run it on the Internet; any user can get acquainted with blockchain technology, any developer can create a DeFi application.
All work processes take place in a decentralized network on special equipment, whereas many other blockchains run on the cloud.
Internet Computer is primarily about speed: the ICP cryptocurrency works at web speed.
ICP is backed by the crypto industry, with respected investors including Andreessen Horowitz, Aspect Ventures, Electric Capital, CoinFund, Fenbushi Capital, LedgerPrime, Multicoin Capital, SNZ, Scalar Capital, ZeroEx, Intl., a16z Crypto, and Polychain Capital.
ICP losing values since day1.
Right now we are in a strong downtrend in the weekly chart and there is no sign for bullish movement.
But for the next cycle this could be a pretty good buy since it has a lot of instutional investors and actual usage to improve blockchain technology.
Always invest in tech. I do believe in the next cycle this project can reach its ATH areas.
Thanks.
Follow for more charts and ideas.
One Way to Hedge Inflation: REITsOne way to hedge a high inflation rate is to invest in REITs. Dividends can help offset some of your higher costs. This is touted all over at this time, but don't throw darts at random REITs. And to be honest, chances are your small fund manager could probably use your guidance if you're well-educated on the markets.
The same due diligence is required for any investment even if you are only investing for the dividends. The share price doesn't matter as much as the company's Income, but good Income for high dividends comes from a strongly managed company, as always. This is important because you'll hold the position for a while.
Start with the technical analysis to pick the REITs you'll research further. We do this at TechniTrader by starting with our scans, which look for improvement in the trend and also our large-lot indicator set.
Example: NVST came up on TechniTrader scans today because it's attempting a bottom at a previous buy zone which is at the lows of a long-term trading range and it has improving indicators, technical and fundamental. All good there to start more fundamental analysis, but solid risk analysis requires confirmation of that bottom fully developing before taking action.
Next, we check the TechniTrader fundamentals, which focus on how strong the institutional holdings AND holders are, the most important financial metrics and more.
If all is good there, then we put the stock on a watchlist to wait for the chart patterns to set up for the best entry and risk to profit profile.
For all investing and trading, a step-by-step plan for confirming when execution takes place once you've done the work to pick the best opportunities is the difference between the retail crowd and the professionals who make a living in the markets.
Happy TechniTrading!
Please Like and Follow if you're going, "Right? Why didn't I think of that?!" There's more where that came from at my website.
EURAUD Bearish Trade By an ExpertSo we got the daily high which relatively should be protected if we are about to become bearish this week, so looking for sells is more wise, now we got the liquidity line marked at the right of it, the price just tool the liquidity, and now i expect a push downwards
Gold Longs On 1H close about 1898 Hope all is well,
Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets.
Gold must close 1H above 1898 for continuation to the upside. 15M TL is valid waiting for break and retest however I did enter longs already with stops at 1895.4
If you like the idea be sure to follow for more trade setups.
I would love to build a community of professional traders strictly watching gold .
I do dable occasionally into gold GJ but other than that you too should be focusing on mastering one single pair or indices.
