$SMTC - choice for a patient investors )NASDAQ:SMTC will show a good results within 6 years (+200%). Stable, sustainable company with a helpful business.
It will give much more in 15 years if you are ready to wait ).
Does not constitute a recommendation.
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IDEA
NZDUSD COULD BE A GOOD SELL BUT...Hey Traders!
I am directing attention to a potential opportunity with NZDUSD, given its prevailing strong bearish sentiment. Our analysis has identified a rising wedge on the hourly chart that has recently been breached, offering a signal for a prospective downward trade. Notably, higher timeframes are also demonstrating a double top and a rising wedge formation, affirming the bearish perspective.
Considering these price action patterns have yet to reach their target levels, we have strong grounds to anticipate a continuation of this trend.
Please Be Aware: Significant news releases are scheduled for tonight, which include:
NZD: Monetary Policy Statement
NZD: RBNZ Interest Rate Decision
NZD: RBNZ Rate Statement
NZD: RBNZ Press Conference
Please approach this trade with caution, keeping the potential market volatility in mind.
$ZYNE - local opportunity to get higherNASDAQ:ZYNE can show a local jump to 0.4 (about 18% from the current values) in a pair of weeks.
if it go higher, this can show, that we will need to implement an addintional analysis for the next possible moving.
Due to my previous view for a long period of time, this company can show an excelent results in the future, but we before we need to hit a bottom and to confirm a turning around.
Does not constitute a recommendation
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$ZYNE shows a shape for the quick long positionNASDAQ:ZYNE draws an upside-down shoulders on 30m representation as well as it was moved before from the historical triangle shape on 1D graph.
Expectation, that it can bring 25% in a month.
NASDAQ:ZYNE :0.42->0.54::28%::1 month
Does not constitute a recommendation.
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USDCAD | Could be a good buyHey Traders!
Our examination primarily focused on extended timeframes. The daily chart exhibits a robust double bottom coupled with a validated falling wedge. Given its yet-to-be-realized profit trajectory, aligning with the prevailing market trend, I recommend a continued buying approach.
$USDRUB reached a ceil of the channel
MOEX:USDRUB_TOM hit the top of the channel and should turn around and start a correction phase.
Two scenarios of the events development before the next iteration of growth are seen by me:
Scenario 1: FX_IDC:USDRUB ::81.4->70::+14%::Jul 2023
Scenario 2: FX_IDC:USDRUB ::81.4->64::+21%::Jul 2024
Does not constitute a recommendation.
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$APPS (Digital Turbine) good investing today$APPS is inside the downward channel, but has a chance for the turning and is able to touch the top line of the current channel.
In my view, if it breaks through SMA 200 line, it starts an arrangement of a new ascending channel for long-term bull's position for this instrument.
$APPS::$11.2->$15::34%::1-2 weeks
Does not constitute a recommendation.
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NVDA Entry, Volume, Target, StopEntry: with price above 480.88
Volume: with volume greater than 77.2M
Target: 520.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 480.89, 461.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Uncharted CADCHF Depths: Bearish Trend Meets Historic Low – DiveHey Traders!
The CADCHF trade is currently in an unprecedented low zone, making it susceptible to sudden bullish surges. While the opportunity seems too promising to pass up, we must tread with caution. The overarching market trend remains bearish, we based our analysis on the long upper shadow and the 4-hour bearish flag pattern. A break in this formation might intensify bearish momentum. However, given that the pair is at its historical low, there's potential for a bullish counter-reaction, particularly with the upcoming CPI news tomorrow. To account for the inherent unpredictability, it's advisable to opt for a reduced lot size.
$FIVE keep on running upMOEX:FIVE shown Flag form and started rally to the top.
Resistance is on the level of 2000-2200.
Does not constitute a recommendation.
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GBPCHF Downtrend Alert: Time to Sell?Good morning traders,
As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the 4-hour timeframe as well. With the 1-hour death cross still intact, our current strategy suggests maintaining a bearish position.
$ZIM can show a longNYSE:ZIM potentially touched the bottom.
We are observing creation of the reversed double bottom + divergence on the 1h time range.
Expectation, that it will brake a downward channel and will start moving to 16.
Does not constitute a recommendation
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GOLD NEXT POSSIBLE MOVEGold broke lower yesterday because of good economic data of USD. We are seeing very very tiny pulse of bulls during Asian Session so we should look at next strong resistance on the higher timeframe and set up a long position from there when you see the price action is in favour.
GBPCHF Sell Alert: Bearish Signals Ignite Potential DropHello, Fellow Traders,
Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in.
We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong support level from a longer-term perspective, meaning the price might bounce back up.
If you see signs of a shift in the market trend, like a break through the moving averages, it might be wise to exit early to manage your risk.
Remember, informed decisions make for successful trades.
GBPCHF COULD BE A GOOD SELL Hello, Traders!
Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum.
We're also anticipating impactful GBP news in the next few hours. It's critical that you remain alert for swift price shifts and ensure you manage your positions in line with your account balance.
CADCHF Alert: Bearish Flag Break? Don't Miss Out!Hello Traders,
Exciting potential awaits on the CADCHF pair! Currently, we've spotted a bearish flag pattern forming on the 4h timeframe. A break from this formation will serve as a strong confirmation of continuing bearish momentum.
Another key element to watch out for is the inside bar. A shift past its limit into a new low will underline the dominant bearish pressure in this scenario.
Importantly, this analysis is also supported by the overall market direction which is decisively bearish.
Furthermore, recent news has played a role in shaping this setup. The US Dollar has shown a slight weakening trend following a mixed July jobs report, and the Canadian employment change for July registered a decrease of 6.4K jobs. This gives additional context to our bearish outlook for CADCHF.
As always, let's stay observant, manage risk wisely, and capitalize on these developments!