The recent price movements in EUR/GBP, combined with its monthly pattern and the approach to a key level around 0.841, strongly suggest a potential reversal toward 0.85 and 0.86.
eBay Inc. (EBAY) stock has recently broken out of its base pattern and is approaching key levels at $64 and $76. If the stock remains above $56, it indicates that the momentum could persist, potentially driving further gains.
Wayfair stock (W) has underperformed the market so far this year, trading within a broad range of approximately $30 to $90 since 2023, indicating a sideways movement. The stock has established a support range between $34 and $40, making it attractive for traders looking to buy at these levels. While Wayfair is still not ready for a breakout, it is making a strong...
Chipotle (CMG) stock has recently dropped from its peak of $56.92, breaking below its previous quarterly low and showing a decline in short-term momentum. This decline suggests that the stock has lost some of the gains it accumulated since 2023. Historically, CMG has faced significant declines, ranging from 40% to 75% from its peaks. However, despite these recent...
OGIG ETF presents an almost 40% upside potential opportunity for long-term investors. The stock pattern indicates that the uptrend momentum has picked up again and is likely to continue throughout the year.
Moderna (MRNA) stock price shows potential for a reversal near the $120 support level. If the stock remains above this critical support, it is highly likely to reach a target range of $185 to $200 by the end of the year.
AAPL has shown signs of bearish exhaustion and is likely to slowly rebound towards 174. There's a potential upward movement that could push the price higher, possibly reaching the 178/179 range by the end of April. Traders are expected to show buying interest around 168 and 170.
XIT (iShares S&P/TSX Capped Information Tech Index ETF) is currently consolidating, with potential for a 10% upside if the price reaches the range of 52 to 53. The target zone for this possible move is approximately 57 to 58, with a potential pullback expected at that level.
GBPNZD appears to be heading downwards towards 2.08
Costco stock shares are nearing a zone of buying interest between 660 and 680, presenting an opportunity for bullish traders. On the upside, the region between 740 and 800 is likely to attract bearish sentiment during the second quarter of 2024
SPY is currently exhibiting increased volatility, which could offer opportunities for traders to consider buying dips and selling peaks. The area around 513 may attract trader interest, with a corresponding risk level near 508. Upside potential is identified around 522 and 523. This period of volatility is expected to continue until the end of April 2024.
NZDUSD has reached a bottom around 0.6 and is expected to rise towards 0.63 by the end of June 2024.
AUDCAD appears to have reached a bottom and is poised to an upward movement towards 0.9
EURUSD appears to be indicating a potential bottom formation around the 1.08 mark, having approached a significant level at 1.078. There's a possibility of a rebound towards the range of 1.10 to 1.103 during the second quarter of 2024.
EURGBP is expected to find support within the range of 0.852 to 0.854 and could potentially experience a short-term recovery towards levels around 0.86 and 0.8625 by the end of April 2024.
LTR could potentially reach a range of 40 to 45 by December 2024, a level previously seen in January 2021. The area between 22 and 24 is noteworthy, offering a balanced risk-reward. Continuation of the upward trend may be sustained as long as the stock holds above 22
MSFT has been gaining momentum over the long term, indicating a potential move towards the 460 to 470 range by the second quarter of 2024. The stock's stability between 410 and 420 may potentially set the stage for a modest upside of over 10%.
XBI appears to be indicating signs of bottoming out, with a potential target range of 103/104 by the end of April 2024, provided that the 92/95 range holds as support.