Identify Key Points :
Start by pinpointing significant highs and lows within the trend. These will be the endpoints of your chords.
Draw Chords:
Connect these significant highs and lows with straight lines (chords). These chords represent potential paths the market might follow.
Analyze Chord Patterns:
Uptrend : Draw chords connecting higher lows to...
Considering the currency indexes, the US dollar appears to be stronger than the Canadian dollar (CAD), with CAD showing downward momentum and USD showing upward momentum. However, from a technical standpoint, while factoring in major indicators and supply and demand levels, the USD/CAD pair has been trading down for a while, but this trend is expected to change.
USDCAD - Has the Direction Changed?
From a currency index standpoint, the DXY appears to be trending downward while the CXY is trending upward. Could the Canadian dollar be getting stronger than the US dollar?
Let’s observe from a technical standpoint. There appears to be the formation of a double top. If the technicals are accurate and the harmonic pattern is...
Can Nike close the GAP, restoring its share price to $88?
1. We got the GAP - Potential room that needs to be filled up/closed.
2. It appears the stock is in a potential support area
What is the market saying? Could Q3 Earnings and financials boost share price?
Skyx has a potential futuristic product capable of competing in the market. Imagine fixing light bulbs without the near for wires... or getting electrocuted in the process. Stock price is currently at $1 and I would say is undervalued and doesn't do justice to the company's potential or capability.
