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My thoughts on USDZMWCurrently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors, combined with a slowdown in economic growth, have put pressure on the Kwacha's exchange rate. While it's difficult to predict the future movements of the currency, my technical view is that it could take another year before the Kwacha drops below K15 due to the technical factors at play.
by DalitsoTembo
1
Harvard Bioscience: Bouncing Higher From Multiple-Year SupportI zoomed all the way out to the monthly chart to show the long-term support levels. We can see that HBIO is bouncing higher from a multi-year support level in the $2 range. The MACD (middle of the chart) didn't confirm an upward trend yet. However, the MACD did confirm the upward trend on the weekly chart. It looks like the blue monthly MACD line is close to crossing above the red signal line. The purple RSI line on the bottom of the chart is pointing upward, which is bullish. This indicates that we could see a long-term continuation of the rally which began in December/January. Click on the link below for a detailed article. HBIO has a low valuation with strong expected EPS growth. This is likely to drive the stock higher IMO.
NASDAQ:HBIOLong
by Zman1175
USDCHF | Bullish Trend | UpTrendUSDCHF refers to the exchange rate between the US dollar (USD) and the Swiss franc (CHF). If the USDCHF pair is making a bullish trend, it means that the value of the US dollar is increasing relative to the Swiss franc. This could be due to various factors, such as stronger economic data from the US, higher demand for the US dollar, or weaker economic data from Switzerland. If the sentiment of the USDCHF pair is also bullish, it means that investors and traders have a positive outlook on the exchange rate and believe that it will continue to increase in value. This sentiment can be influenced by various factors, such as positive news or events related to the US or the Swiss franc, a favorable outlook for the global economy, or a shift in central bank policies. Higher highs and higher lows in the chart pattern of USDCHF also indicate a bullish trend. In technical analysis, this pattern is known as an uptrend, and it typically suggests that demand for the USDCHF pair is increasing over time. Higher highs occur when the exchange rate reaches a new peak that is higher than the previous peak, while higher lows occur when the exchange rate experiences a dip but still maintains a higher low than the previous dip. Overall, a bullish trend, bullish sentiment, and a pattern of higher highs and higher lows all suggest that the USDCHF exchange rate is likely to continue increasing in the near future. However, it's important to keep in mind that exchange rates can be influenced by a wide range of factors, and there is always a risk of unexpected events or market shifts that could cause the exchange rate to change direction.
Long
by awaisulabdeen
reversal technical patterns overview part oneReversal Technical Patterns overview: Part One Reversal patterns are frequently spotted at the end of the bear/bull market cycles. Here are some of the key patterns with higher probabilities. Can be applied to any market, including forex, crypto, stocks, indices and metals. Double Bottom (Bulls) Double Top (Bears) 🔸A double bottom pattern is a classic technical analysis charting formation showing a major change in trend from a prior down move. The double bottom pattern looks like the letter W. 🔸The double top is a type of chart pattern that is an indication that the prevailing trend may reverse, in the short or long term. 🔸The double top is a common occurrence towards the end of a bullish market. The price formation looks like two peaks that occur after one another. 🔸The double bottom formation typically occurs at the end of a downward trending or declining market. 🔸 The double bottom is similar to the double top, but the key difference between the two can be seen in the inverse or negative relationship in price. Inverse Head and Shoulders (Bulls) Head and Shoulders (Bears) 🔸The inverse head and shoulders pattern begins with a downtrend. This is the extended move down that eventually leads to exhaustion and a reversal higher as sellers exit and buyers step up. That downtrend is met by minor support, which forms the first shoulder. As the market begins to move higher, it bounces off strong resistance and the downtrend resumes. This resistance level forms the neckline. 🔸Pattern is defined by the head / left shoulder / right shoulder and neckline. 🔸The H*S pattern is a bearish market pattern will appear near market tops. The first shoulder forms after a significant bullish period in the market when the price rises and then declines into a trough. The head is then formed when the price increases again, creating a high peak above the level of the first shoulder formation. From this point, the price falls and creates the second shoulder, which is usually similar in appearance to the first shoulder. 🔸The pattern is completed, giving a market reversal signal, when the price declines again, breaking below the neckline. The neckline, as depicted above, is the horizontal line that connects the first two troughs to one another. Three Drives (Bulls) Three Drives (Bears) 🔸The three-drive is a rare price pattern formed by three consecutive symmetrical drives up or down. In its bullish form, the market is making three final drives to a bottom before an uptrend forms. In a bearish three-drive, it is peaking before the bears take over. A three-drive contains two overlapping ABCD patterns. 🔸There are multiple ways of trading a Three drives pattern: You can trade the drive 3. Enter the market when you are sure that the market has formed the point B (buy in a bearish Three-Drive and sell in a bullish Three Drive). You can trade when the entire pattern is complete. 🔸Extensions are always based on fibs, most of the time 1.27 and 1.62. Falling Wedge (Bulls) Rising Wedge (Bears) 🔸The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. 🔸The Falling Wedge in the downtrend indicates a reversal to an uptrend. It is formed when the prices are making Lower Highs and Lower Lows compared to the previous price movements. It gives traders opportunities to take buy positions in the market. 🔸The rising wedge in an uptrend indicates reversal to the downtrend. It is formed when the prices are making Higher Highs and Higher Lows compared to the previous price movements. It gives traders opportunities to take short positions in the market 🔸Generally, traders will wait for a breakout before executing a trade on buy/sell side. Also traders may chose to wait for a re-test of the breakout area before executing a trade.
OANDA:XAUUSDEducation
by ProjectSyndicate
20
easyMarkets Gold 4-hour - Quick Technical OverviewAfter a sharp decline on Tuesday, Gold is now balancing slightly above our 38,2% retracement on the Fibonacci. Given that we have the Fed rate announcement on Wednesday evening, we will take a cautious approach and wait for the decision first, before getting comfortable with either of the short-term directional moves. From the technical perspective, a break below the 1935 zone may invite a few more sellers into the game, possibly clearing the way towards the 1915 area, or even the 50,0% retracement. However, to get comfortable with the upside scenario, we prefer to take a conservative approach and wait for a move back above the 1960 hurdle first. This way, the path towards the psychological 2000 area could opened once again. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XAUUSD
by easyMarkets
easyMarkets DXY Daily - Quick Technical OverviewLooking at the recent technical picture of the US Dollar index, we can see that from around the beginning of March, the index is trading within a falling wedge pattern. According to the Technical Analysis (TA) rules, such patterns tend to be bullish indications. However, in order to get comfortable with that idea, a break of the upper side of that formation would be needed. If that happens, more buyers could join in and possibly push DXY towards the 50-, 100-, or even the 200-day EMA. That said, as long as the upper side of the falling wedge remains intact, the trend could remain to the downside. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:USXUSD
by easyMarkets
easyMarkets USDCAD 4-hour - Quick Technical OverviewThe technical picture of USDCAD on our 4-hour chart shows that the pair is currently trading inside a descending triangle pattern. According to Technical Analysis rules, such patterns tend to break to the downside. For that, a confirmation break roughly below the 1.3650 zone would be needed. This way, a forthcoming lower low would be confirmed and more sellers may join in. We could then aim for our Downside Target 1 level, a break of which might set the stage for a move towards our Downside Target 2 level, which is the current lowest point of March. Alternatively, a break of the upper side of the aforementioned triangle pattern may signal a change in the direction of the short-term trend, potentially clearing the path to some higher areas. That's when we will consider our Upside Targets 1 and 2.
by easyMarkets
03/20/2023 (Monday) SPY and Market Analysis and Deep Dive into cIn this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities. You can use the links below and hit play to see the progression of these indicators from when I initially published them. Please remember to like and subscribe in You Tube or Follow and Boost In Trading View. The feedback is very welcome also.
TVC:VIXLong
by Markets-Sniper
AAPL's Inverted Head and Shoulders: Breakout? Laugh? Caution?Our good friend, Tommy, has been closely watching Apple Inc. (AAPL) with his hawk-like vision and a pinch of dry humor. He recently spotted an interesting technical pattern on the stock chart: an inverted head and shoulders. Tommy believes that if this pattern confirms a breakout, AAPL could rise to $168 before experiencing a more significant downward move closer to $120. Let's dive into the details and explore the importance of the $156-$157 level, while keeping in mind that a healthy dose of humor can't hurt. Inverted Head and Shoulders: A Classic, But Not a Cliché Tommy, ever the keen observer, has identified an inverted head and shoulders pattern on AAPL's chart. This pattern, like a good dad joke, is well-known and well-worn but can still pack a punch. The formation suggests a potential bullish continuation, and if it confirms a breakout, AAPL could be on the verge of making an upward move. The $156-$157 Level: No Laughing Matter As much as Tommy loves a good chuckle, he's adamant that the importance of the $156-$157 level is no laughing matter. This critical level acts as a linchpin for the inverted head and shoulders pattern. If AAPL manages to break above this level, it could propel the stock towards the $168 target, validating Tommy's keen observations. However, Tommy wants to make sure everyone understands the gravity of the situation. If the $156-$157 level fails to hold, it would be like the punchline of a joke falling flat. In this case, AAPL could face significant downside risk, possibly sending the stock spiraling towards the $120 level. Conclusion: Brace for Impact, but Don't Forget to Laugh In conclusion, Tommy's analysis of AAPL's inverted head and shoulders pattern could prove to be a critical insight for traders and investors alike. If the breakout confirms and AAPL surpasses the $156-$157 level, we could see a short-term rally towards $168 before a more significant decline. However, if this crucial level fails, the stock could plummet, and the joke will be on anyone caught off guard. As always, it's essential to approach the market with caution, and proper risk management techniques should never be taken lightly. Remember, while a bit of dry humor can lighten the mood, never underestimate the importance of critical price levels and the potential impact they can have on the market.
NASDAQ:AAPL
by bitdoctor