Alibaba stock price was moving in a sharp rally within the last two weeks period, having reached the psychological level of $117 and a strong resistance area. If this level holds, it’s possible to witness a wide “cup-and-handle” pattern, which might serve as a trigger to an intermediate-term reversal. Otherwise, price may plummet following profit-taking that might...
Despite the strong driving narrative, BIDU had displayed less prominent growth than BABA, and had reached the upper border of Bollinger bands indicator with a parameter of 50. This usually might indicate an excess, and lead to a mean-reversion move back to the middle of the range. Conversely, it might be a decent point for a breakout if the positive sentiment for...
ETHUSD Short Setup – Bearish Breakout Potential 📉 Technical Setup: Ethereum is forming a narrowing structure, and a downside breakout of the trendline could trigger an acceleration towards $2400 and lower. 📊 Daily Structure: ETH remains in a strong downtrend with notable bearish momentum. Significant acceleration is observed below the 20-50 MA zone, which...
Silver produces similar dynamics, as Gold (as silver has a proven statistical correlation with gold), but it might contain hidden weakness. The price crossing the static resistance level of $32 puts silver in a problematic zone, where it can either develop a continuation of upswing (white scenario), or fall down from the peak, as displayed in the orange...
After a turbulent week, S&P 500 is recovering, displaying resilience and improving risk appetite. Both market strength and breadth are improving, and in spite of tech stocks having taken a hit, financial and communication sectors lead the rally. With new earnings week coming in, S&P500 is on the rising track with an open road to achieving 6200 zone: the...
The Canadian dollar is losing ground to Japanese Yen, as differences between monetary policy expectations between respective currencies start to deviate. A steady performance of yields of 30-year bonds of Japan (displaying a 2.2% yield) and reluctance of market participants to a belief of a potential rate hike in Japan, may lead to a further drop of...
Gold has been performing well since the end of 2024 until now: having bounced off the support of $2600, it’s showing a substantial internal demand. Usually, rising US dollar and yields of bonds pressure Gold prices, but not for now: for the last month, it was moving in sync with the US dollar. The sentiment for the US dollar had stabilized, as traders' discount...
Crude oil has been influenced by mostly technical factors at the beginning of 2025. Even though the geopolitical situation in the Middle East had eased, the colder than usual weather in the United States along with diminishing stocks of oil have boosted the price above the 3--month trading range. The price of USOIL has been moving within the rising trend, almost...
GBPCAD might be preparing for the continuation of downtrend, and here's why: Despite strong yields of UK Gilts (government bonds), British Pound is under pressure. From a technical standpoint, GBPCAD is positioned far below the value area (combination between 20 and 50 moving averages), usually that indicates the price discovery process, when the instrument is...
After a turmoil at late Decemeber and begining of January, BTCUSD can finally proceed moving with the uptrend, and here's why: According to 1-year HODL wave indicator, it has enteted a distribution phase, which normally corresponds with acceleration of the price action in the direction of dominating trend. BTC statistically grows better on weekends, as fiat...
Crypto markets are fragile after tightening of expectations after stronger than expected NFP print from Bureau of Labor Statistics of the United States. With yields of 30-year bonds growing and market sentiment holding negative, the best course of action would be to try to pick shorts after false breakouts, retests of chart formations and similar price action...
EURUSD is under pressure ahead of FOMC meeting. The recent narrative about the upcoming interest rate decision is considered as a "hawkish decilne", meaning that the interest rate would be declined with cautious comments, as inflation doesn't show any signs of weakness yet: morever, it had displayed a moderate uptick during the last CPI publication. There are...
After the false breakout of the massive consolidation area, DOGE is trying to bounce back of the bottom of the range and develop another leg up. Memecoin narratives remain to stay strong in the crypto marketplace, and DOGE is the leading cryptocurrency in the group, which is also driven by the political narrative. I consider long momentum trade in case of a...
DOGE - the large cap cryptocurrency is consolidating in a triange, and can emerge out of it, as the new wave of crypto sentiment reaches the market. Bitcoin had already tested 100-104k area (with a large pullback thereafter), but the last month of the year may impose another bullish wave in crypto markets, and particularly DOGE is on our radar, as it is related...
Natural gas is trying to find a dip after a correctional move, and may pullback higher. Here's why: The net position for commercial traders for Natural Gas futures from Nymex had reached the 2-year peak, which potentially means the imbalance in supply/demand equilibrium. The fair price for Natural gas is calculated at between $3 and $4 per contract (10k MMBtu)...
Euro continues to weaken against the Japanese Yen amid geopolitical situation (Yen is a safe haven for the Asian region) and rising yields of 30-year bonds for Japan. The situation will be more clear on Friday (scheduled block of economic publications for Japan), but even now the price aciton moves in a dowtrend, and consolidates in a coil, which may transition...
EURGBP continues to stay under pressure, inspite of a chart formation being built near current price levels. Euro displays weakness against most of other major currencies including Pound Sterling. So, if the price slides down to the border of the shown widening formation, it's possible to observe a continuation of downtrend with a target built by the measured...
The Canadian dollar might display weakness against the Japanese Yen. Yields of 30-year bonds of Canada were pushed higher after the stronger than expected inflation print in October, and the situation has been temporarily bullish for CADJPY, but Yen remains to stay either a safe haven amid geopoliitcal uncertainty and a higher yield currency at the same...