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Will EURUSD extend its recovery?The impact of the war has disturbed the global economy for a long time and exacerbated instability in the eurozone. European countries need to face a serious situation that cannot be changed in the short term, greatly affecting economic growth and political stability in the long term. In this case I think the bearish trend can be easily resumed, but for now we see a rebound in EURUSD, with strong short-term resistance at 1.07300-1.08000. on the other hand, a stronger USD is a probable thing in the medium/long term, not in the medium/long term for EURUSD. Like and Share
by Super_B_XinR
Bottom vs BreakThe great thing about predicting market trends is that it's very easy. Review my greatest predictions and I will tell you at the bottom of this idea. One of my very first predictions was based on a 10 year S&P channel based on SPX adjusted for inflation. The chart just bounced off the median line! My first prediction that got noticed was bitcoin with this wyckoff pattern Not noticed as much, this Death Cross meme turned out to be an amazing call when QE tapering would begin and how it would ultimately be the top One of my first art/meme style charts for gamestop and the inevitable fall of markets Another update to the bitcoin wyckoff pattern, but this time marketing the top of ST This prediction was only really meant as a joke, turns out they never found a buyer As madness set in the markets with SPAC carnage coming from Trump now, this chart was simple a matter of time. The combined indexes presented an easier indicator of a bear market as they fell through the 21 week EMA and failed a retest weeks later. The meme reversion rhetoric and talk about the fed having their hands tied was a direct indication the QE ride was coming to an end. one of my fav charts is this how semiconductors and markets. zoom out to see how we really never got to bubble status of the dot com era, nor hit the lower channel of the housing crisis yet. another attempt to update the bitcoin wyckoff pattern ultimately reaching SOW (Sign of Weakness) I wasn't expecting the bond market to drop so quickly, but it did drop to 2018 levels and bounced. The market was chopping wood on a daily basis. I saw the sign and it opened up my eyes, I saw the sign. This one got me banned for a few days but nailed the death cross right at Apr/May It was only a matter of time before the weekly Ichimoku Cloud would be violated Here I almost nailed a 5% drop down to the day. Bravo if you made it down this far. You earned your reward! My secret to predicting markets is in 3 words. BUY MY BOOK Just kidding, I don't have a book.... Yet! I'm actually looking for something in fintech space so I won't be updating very often as I build my masterpiece, the Trendsetter 2022! Also, check out my website and 21D GEX Moving Average. We just broke the lowest point in negative GEX 21D moving average since after 2011 I'm looking for a Bottom here OR a complete breakdown. Only way a breakdown occurs is if prime brokers start to fall. I often wonder if the Fed and Banks are having secret meetings to bail out the banks again or did they learn their lesson.
AMEX:SPYLong
by SPYvsGME
3
Nvidia stock target price cut by several institutionsNvidia shares also weakened last week and moved lower amid continued volatility. NVIDIA has a 52-week high of $346.47 and a 52-week low of $135.43. With the next earnings report expected on May 25, there is reason to believe the price will continue its upward corrective path if the stock matches the market's short-term rally correction, overlaid with the upcoming earnings release, but we cannot be overly optimistic as the large institutions in the market have generally downgraded their ratings and price targets on NVDA. In the absence of a reversal signal, you are expected to be very cautious. Like and Share
NASDAQ:NVDA
by Super_B_XinR
1
XAUUSD trying to break key support - threatening further declineThe U.S. Dollar Index (DXY) is a weighted currency index that is commonly used as a benchmark for the performance of the U.S. dollar. The U.S. Dollar Index continued to rise following last week's surprise upward release of U.S. inflation data for April (which was lower than March's data). The higher inflation data supported the value of the dollar at a time when the Federal Reserve has every incentive to raise the federal funds rate. The market now expects the Fed to raise rates by a further 190 basis points before the end of the year. Daily gold charts help to see the current trend in the context of long-term levels/areas I think $1770-1780 level will be the price floor for XAUUSD in the short term as the previous downward breakout proved to be very short-lived and now the price is rallying again near $1817-1820 price level.
OANDA:XAUUSD
by Super_B_XinR
Is BTCUSD oversold? I don't think so.The Federal Reserve wants to slow inflation by tightening monetary policy. But excessive tightening threatens to drag the economy into a recession, so market volatility has increased. The Nasdaq and S&P 500 indexes fell for the fifth straight week, and the Dow Jones fell for the sixth straight week. This is the longest streak of declines for the S&P 500 and Nasdaq since mid-2011 and since late 2012. Cryptocurrencies, a risky asset along with stocks, have stepped into a long decline after a brief period of all-time highs, which means the cryptocurrency market may face more pain.
INDEX:BTCUSDShort
by Super_B_XinR
2
Project XNext price target $58-$65 or higher. Twitter ( TWTR ) said Monday that Tesla ( TSLA ) CEO Elon Musk will buy the social media company for $54.20 per share in cash in a deal valued at about $44 billion.Twitter will become a privately held company after the deal closes, the company said in a statement. "Freedom of speech is the cornerstone of how democracy works, and Twitter is a digital town square where people discuss issues critical to the future of humanity," Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating spambots and authenticating everyone."
NYSE:TWTRLong
by Super_B_XinR
9
XAUUSD Technical OutlookXAUUSD hit a new price low in the last trading session of the week, and the market's lack of confidence and failure to reach a consensus to form a synergy has led to repeatedly blocked rallies. Prices are trading below key moving averages, which are unfavorable signals. On the other hand, the market expects the Fed to use aggressive means to raise interest rates and thus suppress inflation in the future. If buyers come back and trigger a bullish reversal, then the potentially favorable price levels are shown by the black arrows in the chart. Of course the green zone is still a reasonable support range and there is reason to believe that this price range will become a new grab and the long and short sides will fight to the death.
OANDA:XAUUSDShort
by Super_B_XinR
EURUSD Technical OutlookFrom a technical point of view, the outlook for EURUSD shifted from bearish to oscillating in the demand zone. Prior to this, the sharp price decline was not met with resistance, the emergence of lower highs and lower lows patterns, as well as the price trading below key moving averages, were unfavorable signals for the common currency. On the other hand, ECB President Holtzmann said that the ECB is planning to raise interest rates and that they will discuss and possibly do so at their June meeting. Currency markets are betting on the ECB to raise rates three times later this year. If buyers return and trigger a bullish reversal, the upside target appears at 1.06361, near this week's peak. If there is further strength, the focus would shift to 1.07070 and then 1.08060. If EURUSD still accelerates its retracement in the coming weeks, support could be seen around the May low at 1.04700, but if sellers manage to break this floor, we cannot rule out a move to lower lows at 1.02800-1.03600.
by Super_B_XinR