Predictions
HYMC heading for a breakout? 7/12/2022HYMC seems to have changed its trend. You will see that we have entered with higher lows and higher highs. This could signal a breakout above 1.10 testing its next resistance level at 1.19. If the momentum continues then I would say that we could break out of the 200 DMA. However, there is A LOT of resistance at the 1.19 level.
The MACD just crossed over and I am getting signals on the 3, 13 EMA Cross. The volume also seems to be steadily increasing with today being one of the better days for volume.
RBLX the Next 30 DaysI am new to this, but I really enjoy it and would love any feedback. This is not financial advice.
This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it would make sense to have one more major continuation before she falls through the floor.
EURUSD shows strong performanceThe U.S. government is trying to ride out the inflation crisis with a combination of interest rate hikes and loose fiscal and tight monetary policy, which could be a positive factor for the dollar. With food and energy inflation much higher in Europe than in the U.S., the market is predicting that the ECB will enter a rate hike cycle. The path of future rate hikes will depend on commodity prices and economic growth in the eurozone.
The price is predicted to move to the gray zone in the chart.
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Don't have a lot of hope for Blizzard right now. A predictionNot Financial Advice ~ A prediction
I think blizzard has met its newest level of resistance. In the upcoming weeks I expect ATVI to head back down to its latest level of support. To bounce back up, but I think the continuation bounce is going to be significantly lighter than the first.
EURCAD Beginners Attempt Chart AnalysisSo, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to...
Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong?
Happy trading everyone!
EURUSD is extremely vulnerable, will it fall into the abyss?The probability of recession is higher in Europe than in the United States. Europe is now facing the biggest problem is actually energy problems and food problems. And the United States' energy and food security are better than Europe. In addition, the United States is a little more resilient than Europe.
Europe's economy is the most affected by this time. First, its recovery is not as resilient as the United States, and its economic growth itself is not good. Second, if the region is hit by the double blow of energy and food prices, it is likely to enter a state of recession. This shows that the euro is likely to fall to the level of parity with the dollar.
If the dollar continues to rise due to interest rate hike expectations, the probability of the euro breaking down will also increase greatly.
EURUSD consolidating in 1.03000-1.08000 rangeAlthough the ECB's decision was widely expected, the possibility of a sharp rate hike from September has weighed on market sentiment as the eurozone economy struggles to cope with slowing growth and soaring inflation.
For months, markets have been focused on the pace at which central banks are curbing inflation. Investors now expect the Fed to raise rates by 50 basis points next week, especially if Friday's U.S. CPI data confirms rising inflation figures.
But central bank rate hikes also hint at trouble and leave investors in the lurch, as they could trigger an economic slowdown. The ECB said inflation will remain "undesirably high" for some time.
Market confidence is low and I am bearish.With the U.S. entering a rate hike cycle overlaid with a global macroeconomic slump, the auto business tends to suffer more during economic downturns. In the short term, the highly valued TSLA is facing the bursting of its bubble.
Sell $710-$790
Stop Loss $880-920
Target $560-660
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