S&P 500 Daily Chart Analysis For February 25, 2022 Technical Analysis and Outlook
After piercing our extended and currently completed Outer Index Dip 4150, the index is heading to newly created Mean Res 4395 and later on to 4475. The return to major Mean Sup 4220 and Mean Sup 4170 is imminent, whereas more bullish moves are also possible within the downtrend - Stray tuned.
Ukraine
Bullish during the War
Weekly Timeframe
Awesome Oscillator is still having its Bearish Retracement. We are looking for green volume next week to see more upside candles. Ichimoku-Cloud is still holding on, we are still inside the cloud which is fairly bullish. EMA Ribbon is still bullish it hasn't changed really from being bullish since 2011. We are currently experiencing two spring up. if we close with green candle we can expect more to the upside.
1D Timeframe
This is Double Bottom that has huge potential to the upside. We already broke the cloud and the next rejection area is $42,221. We just need to hold on to this line of support and wait for the push up after consolidation; and if we don't, then we can see a movement to the downside. Our retracement in daily time-frame has shown green volume already in AO, it means this is the beginning of more volume and candle to the upside. The bottom are reached in the Retracement. RSI is also about to cross its Moving Average which means we are crossing a bullish zone for RSI.
4H Timeframe
200 Moving Average in 4h timeframe becomes weak and easy to break. We have broken the resistance in the second retest, so we can expect more to the upside. We need to break $39,904 and hold it as our support area then break $40,646 to continue the bull run. AO is already bullish and no sign of retracement yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Gold Prices End on Uncertain Footing as Ukraine Tensions SimmerOn the weekly setting, gold has left behind a Shooting Star candlestick pattern, showing signs of indecision following gains since earlier this year.
Ukraine geopolitical tensions cooled into the end of the week, resulting in a long upper wick on the weekly candle.
Further escalation could easily bring back upside momentum in the yellow metal, while cooling tensions may do the opposite.
Extending a turn lower would place the focus on rising support from the middle of 2021 before the 1750 inflection point comes in.
Otherwise, a daily close above the 2021 high exposes 1959.
FX_IDC:XAUUSD
Bitcoin - Better days ahead?Survived another big test
It's been quite the turnaround in the markets over the last 24 hours as traders quickly morphed from panicking about Russia invading Ukraine to seemingly being more hopeful and buying the dips.
The recovery has been nothing short of remarkable, especially when you consider what is still happening in Ukraine. But as we can see in bitcoin, risk appetite has returned in a big way and the outlook for the crypto is looking far more positive.
The fact that it failed to break the January low during yesterday's panic sell-off is the first thing that really jumps out at me. The level was well defended and potentially signals that a low has formed.
The strength of the rebound is the next thing that is promising for bitcoin. It's already testing $40,000 less than a day after many feared that $30,000 could break.
If $40,000 is broken, then $45,500 looks very vulnerable and a break of this would be a strong signal that there may be good times ahead for bitcoin.
It's been a rough start to the year and with events still unfolding, sentiment could quickly turn negative once more. But we're seeing some momentum building and as long as we don't see another major case of risk-aversion, we could see bitcoin build on that momentum in the coming weeks.
Of course, one other risk is the inflation outlook and recent moves in oil and gas could compound that. But the lows keep getting defended and that could be an encouraging sign.
How Will the Russian Invasion of Ukraine Affect Crypto?The Russian invasion of Ukraine has caused the Russian stock market to collapse (as low as 50%), taking crypto prices along for the ride in a very clear way. As the news unfolds we're likely to see more divergences in the way individual coins operate, but for now, the patterns between Russian/US stocks and crypto seem to be moving in parallel.
One thing to be wary of is that during wartime, misinformation and propaganda campaigns tend to intensify, so you need to take everything you read on the news/social media (on both sides) with a grain of salt. Some of the things to look out for to make sure you don't get misdirected during these turbulent times.
Note that while the US media has been saying how great their markets are doing right now, they're also in a precarious situation since a recession is looming just around the corner. What happens exactly, is TBD.
Ukraine Bitcoin exchange volume spikes 200% as Russia war sparksKuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows.
As the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately apparent.
While the Russian ruble suffered noticeably more, the Ukrainian hryvnia also fell, targeting 30 per dollar in what would be a new all-time low.
Ukraine, which just this month finally ratified a law legalizing cryptocurrency after much to-and-fro between lawmakers, unsurprisingly saw interest in alternatives snap higher.
The effect was obvious at seven-year-old Kuna, whose volumes were under $1 million on Feb. 21 but almost $4.1 million three days later.
S&P 500 by CryptoTradersWWYesterday was a day of extreme volatility, as expected. The US stock market has lost a key support level and is again retesting this zone, which is currently acting as resistance.
If we have a rejection on a retest like this, we will see more downward movement.
As we all know, once the New York session begins, the US Market has a strong link with BTC, anticipating market changes.
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Tesla: update: don't enter until reaching the strong resistanceAs the Ukraine - Russia war crisis boosted the down trend of stocks and the possibility of ranging inside of a triangle has expired, we expect tesla to reach at least the strong 500 - 550 resistance level. So, don't rush to enter long, because the whole market is downward now.
NIFTY - Update and outlookNIFTY - Update and analysis
Our downside targets were 16400 & 16250. Both of them have been achieved yesterday.
NIFTY - weekly overview
The index has breached an important demand zone, however, today is the last day of the week and the weekly close is yet not determined, until 3:30 today.
If NIFTY manages a close above 16400 today, the bulls will still remain in the game, or else we can expect a 1000 points drop in NIFTY in the upcoming weeks.
One shall start accumulating NIFTY BEES now.
USDT premiums soar on Ukraine's Exchng The last time USDT premiums spiked so suddenly on Kuna was during the initial stages of the COVID-19 pandemic in 2020.
Against the backdrop of an ongoing Russian invasion, the price of Tether's USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) ($1.23) on Ukraine's Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours.
During the same period, mid-market rates from foreign exchange data provider XE indicated that the UAH currency had only surged to a maximum of 29.89 per U.S. dollar. In other words, the conversion rate for USDT was much higher than typical UAH/U.S. dollar transactions.
USDT has a theoretical peg of one-to-one with the U.S. dollar. At the time of publication, the UAH/USDT trading pair is valued at 31.89 on Kuna, compared to the UAH/USD exchange rate of 29.80. That indicates an implied premium of 6.55% for USDT. In context, USDT is currently trading at its theoretical peg on other centralized exchanges, such as Binance's global platform. However, data from Binance Ukraine suggests its USDT listing is trading at a premium of greater than 7% against the Ukrainian hryvnia.
Earlier on Thursday, the National Bank of Ukraine announced that it had fixed the foreign exchange rate of the UAH, limited cash withdrawals at banks, and suspended the issuance of electronic money (fiat currencies in digital form). When a nation sets the exchange rate of its currency, a black market quickly develops where consumers transact foreign currencies based on rates that reflect actual economic conditions.
Related: Twitter users ask Ukrainian armed forces to start accepting crypto donations
In a video posted on Thursday, Kuna founder Michael Chobanian, who also serves as president of the Blockchain Association of Ukraine, said the exchange is operating normally and banks are still functional despite interruptions. Chobanian described his country as being in a state of "full-time war" and launched a cryptocurrency fund to help charities aiding the Ukrainian Armed Forces and government in their resistance against the Russian invasion. "Let's hope for peace, but if you want peace, you have to prepare for the war," Chobanian said.
USDCAD LONG UPDATEPosted this on my page yesterday. Broke past our confirmation line and hit a high of 90 PIPS profit today📈 Still possible to get in now again.
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$BTC (Bitcoin) : 02.25.22The price exactly fell to the level that we predicted before in the previous analysis and then rebounded exactly from that level ($ 34,400 ) according to the analysis and hit the $ 39,800 target , and reacted negatively to this zone . Now we can see a break in market structure. The first scenario (in the opinion of the analyst) is falling down to $ 35,700 to $ 36,600 and then will rebound to $ 40,000 to $ 40,900 as the first target (the next targets will be updated) , the second scenario is rising the price from the same Range towards 40k to 40.9K target and then after consolidation will move to 43.4K to 44.4K as the next (Final) target ...
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👤 Arman Shaban : @ArmanShabanTrading
📅 25.Feb.22
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USDCAD Week of 2/21 OutlookExpecting a new bearish leg during next week in USDCAD. The risk reward can be much greater if you catch the shift in orderflow on the lower timeframes, the entry shown is not a position I have taken.
As always the market can choose to shift bullish for fundamental reasons, but my technical bias is short for next week.
5 Defense stocks you might want to look at in WW3Here are 5 stocks that could profit from the Russia Ukraine Conflict!
Intro:
The Russian-Ukrainian conflict, which began on November 21, 2013, following the Ukrainian government's decision not to sign the association agreement between Ukraine and the European Union, is a diplomatic and military
conflict between Russia and Ukraine.17 The conflict was sparked by a series of large-scale demonstrations that led to the flight and subsequent removal of Ukrainian President Viktor Yanukovych, who was replaced by Oleksandr
Turchynia.
Large-scale demonstrations then broke out and led on February 22, 2014 to the flight and subsequent removal of Ukrainian President Viktor Yanukovych, who was replaced by Oleksandr Turchynov. A new government, led by Arseni
Yatsenyuk, is put in place.
In response, Crimea declared its independence and voted to join Russia, a move that was recognized by Russia, causing an international diplomatic crisis. Several other Ukrainian provinces with large Russian-speaking populations,
notably Donbass, experienced similar uprisings and in turn organized referendums on self-determination in order to separate themselves from the Ukrainian government in place. The later events led to the war in Donbass, with
Russia, the border country, being accused of providing military support to the insurgents by waging a hybrid war there.18,19
On July 17, 2014, a Malaysia Airlines flight carrying 298 passengers from Amsterdam to Kuala Lumpur was shot down in mid-air near the Russian border while flying over the Donbass. There were no survivors. The destruction of this
civilian plane amplifies the diplomatic crisis, the Ukrainian army and the pro-Russian separatists accusing each other.
On February 21, 2022, as part of the Russian-Ukrainian war of 2021-2022, in a televised address, Russian President Vladimir Putin announced Russian recognition of the independence of the self-proclaimed Donetsk and Lugansk
People's Republics and Russian armed forces invaded eastern Ukraine controlled by pro-Russian separatists.20,21 On February 23, Russian President Vladimir Putin announced that he was going to invade the eastern part of Ukraine
and that he was going to take over from the pro-Russian separatists.
On February 23, President Vladimir Putin announced the launch of a military operation in Ukraine. During the night of 23 to 24 February, the Ukrainian territory was bombed and Russian troops invaded the Ukrainian territory.
Stocks that could grow during WW3:
Lockheed Martin NYSE:LMT
Lockheed Martin is the world's leading U.S. defense and security company. Like its main competitors, it designs and produces a variety of products in which electronics and technology play a key role. In 2008, 84% of the company's sales were to the U.S. government, with the remainder primarily to other states.5 In 2010, of the 45.8% of the company's sales that were to the U.S. government, 84% were to other countries. In 2010, $17.3 billion of the company's $45.8 billion in sales came from contracts signed with the U.S. government ($10.9 billion in defense, $6.6 billion in civilian). The company products a large amount of combat planes and other defense engines, its role in ww3 would be very important and we could see the company benefit from diverse defense contracts in the future.
Boeing NYSE:BA
Boeing (official name: The Boeing Company) is an American aircraft and aerospace manufacturer. Its headquarters are located in Chicago, Illinois and its largest plant in Everett, near Seattle, Washington. This aircraft manufacturer specializes in the design of civil and private aircraft, but also in military aeronautics, helicopters and satellites and launchers with its Boeing Defense, Space & Security division. In 2012, it ranked second in military equipment sales worldwide5,6. The company is engaged in a commercial war in aeronautics with its main competitor, the European group Airbus Commercial Aircraft.
Boeing could be a discounted opportunity. The company is now playing a significant role in responding to Russian aggression via its RC-135 reconnaissance plane. While the monitoring of forces to provide real-world analytics is the primary goal, these flyovers serve a secondary purpose: Let the Russian military forces know that the eyes of the world are on them. It may not be the ultimate deterrent, but anything to help the situation from devolving into bloodshed is a positive.
L3-Harris Tech NYSE:LHX
When dealing with defense stocks amid tensions that could spill over into armed conflict, the natural instinct is to consider weapons systems and defensive platforms. Certainly, L3Harris Technologies features a broad range of air, land and sea-based solutions — even solutions that extend into space and the digital realm. However, communications is also a key component of warfare. Without the ability to coordinate offensive or defensive actions, a nation’s military force will not be utilizing its resources in the most effective and efficient manner possible. Considering that Ukraine will be grossly outnumbered in a hot conflict with Russia, efficiency is absolutely critical. Of course, the Russians are not unaware of this serious potential vulnerability. Inevitably, one of their actions in case of an invasion will be to cut off supply routes and disrupt communication lines. Therefore, the Ukrainian government’s relatively recent cooperation agreement with Harris Global Communications, a subsidiary of L3Harris, is significant. Irrespective of whether or not an armed conflict occurs in the coming days, the relationship between L3Harris and Ukrainian forces should grow closer.
Northrop Grumann NYSE:NOC
The U.S. government has already shipped weapons systems to Ukraine and authorized its European partners to send their own shipments. Now, Ukrainian forces have even more resources with which to defend themselves. Given this dynamic, tensions may rise higher. That’s where Northrop Grumman could come into play with its MQ-4C Triton drone. Specializing in real-time intelligence, surveillance and reconnaissance, the Triton can provide valuable information while keeping servicemembers away from harm.
United Tech - Raytheon Technologies NYSE:RTX
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman. It merged with the Raytheon Company in April 2020 to form Raytheon Technologies. Raytheon has partnered with Lockheed on the Javelin Weapon System, the missile of the hour.
Marketed as an “anti-tank guided munition that can be carried and launched by a single person,” the Javelin offers serious implications for how the Ukrainians can defend themselves against a much larger enemy.
Credits to - xtekky -
gold ......safe haven?hi guys so gold saw a huge upsurge through the night uk time. this all seems to be due to the ongoing russia and ukraine crisis. people always seem to rush to gold as a safe place to hedge there money but this surge has brought gold to a major supply zone so could be looking for heavy rejection around this zone i will be watching closely and trading accordingly
Binance Coin PlummetToday, it's an absolute bloodbath in financial markets. Besides bonds, which are doing OK, stocks and cryptocurrencies are getting absolutely ravaged by the news of the Russian invasion of Ukraine yesterday evening. At noon ET, top-10 cryptocurrencies Binance Coin ( BNB ), XRP ( XRP -1.99% ), and Solana ( SOL 5.88% ) had dropped 9.4%, 10.7% and 6.1%, respectively, over the past 24 hours.
BCH Trying to Bounce BackBitcoin Cash is struggling along with the rest of the market, as Bitcoin (BTC) also experienced a sharp drop yesterday. That top crypto coin is on the road to recovery as well but down 7.25% over the last 24 hours. Bitcoin’s trade volume is up 76% in that period, and it is still trading with healthy numbers over $37 billion.
Bitcoin Cash is having a tough time making much progress back up to where it was yesterday, which is obviously because the global markets are trending down. The reason for that has been attributed to Russian President Vladimir Putin’s declaration to invade Ukraine yesterday, followed by action today that held good on his promise. The global markets are preparing for a state of war, which means the economy will likely suffer for a while as the conflict is engaged. Excess resources normally poured into investments will instead be moved into wartime efforts.
That is the fear at the moment, while many countries are preparing sanctions to level at Russia and hoping that war can be avoided by these mildly confrontational sanctions. Investments like cryptocurrency may be put on the back burner for millions of people around the world as they buckle down in their finances and prepare to live more frugally for what could be a coming wartime period.
What this means is that unless there’s a major turnaround for President Putin’s plans, the market will continue to see a downturn. Further news that solidifies global wartime efforts will continue to cause steep declines like what we saw yesterday. For investors, that’s bad news, and it would indicate that it’s best for them to hold off for now on investing in crypto. The Bitcoin Cash price is likely to plummet, as the wider cryptocurrency market should see a bearish trend. There’s no telling how far the prices will go down, but investors should be watching news related to the Ukraine invasion to get some idea of their direction.