Trade Pattern-Ideas

Wed, 26 Jun 2024 15:31:33 GMT

Italian stocks reveal pattern

The top 40 Italian stock index hit a high level at 35,525.00 on May 16. However, on that day the European Central Bank released the ECB Financial Stability Review. The future outlook for the Euro Zone and Italy caused a gap down of the stock index at the start of May 17 trading. Following this event, the index found

Thu, 25 Apr 2024 09:33:34 GMT

Ethereum declines in channel pattern

The price for Ethereum booked a high level at 4,094.45 in early March. Afterwards, a decline occurred down to the 50-day simple moving average. It was speculated that the price could soon recover. However, it can be observed that the cryptocurrency has established a channel down pattern. A decline of the price in the pattern could result in the

Thu, 25 Apr 2024 09:09:13 GMT

Natural Gas trades above prior resistance

It was spotted on April 25 that the price for Natural Gas jumped and managed to reach above the 1.9540/2.0590 range. Moreover, it appeared that the 50-day simple moving average was passed and used as support for the push higher. In the case of an extension of the price surge, the 2.2425/2.2840 range could impact the rate, as it acted

Tue, 26 Mar 2024 11:17:02 GMT

Northrop Grumman Corp tests resiostance

The United States defence company Northrop Grumman Corporation has been trading each quarter depending on their financial results. Most recently, the stock dropped as low as 426.50. Following the drop, the price has recovered. On March 20, the stock reached a trend line that has acted as resistance since late 2022. A move above the trend line is expected to

Tue, 26 Mar 2024 10:59:39 GMT

Lockheed Martin aims at high level range

The US aeronautics and defence company Lockheed Martin has been all over the news for a couple of years due to various countries increasing defence spending. In general, LMT is selling the world rockets and fighter jets. However, the increased demand has not resulted in a broad surge. Since the initial pop up in early 2022, the firm has

Tue, 05 Mar 2024 14:48:36 GMT

US top stocks surge in channel

The top 500 market capitalization US stocks have been surging in a channel up pattern since November. Most recently, the 5,100.00 level was passed. A continuation of the surge is expected to be slowed down by the upper trend line of the channel pattern. Each time it acts as resistance it causes sideways price moves that can last up to

Tue, 05 Mar 2024 14:42:59 GMT

US tech stocks reveal pattern

The surge of the United States tech stocks continues, as in early 2024 the 50-day simple moving average provided support and by March the 18,000.00 mark was already passed. Meanwhile, it has been spotted that the almost half-year old surge has been occurring in an ascending wedge pattern. In the near term future, the index could look for support in

Fri, 16 Feb 2024 13:08:08 GMT

Microsoft trades in channels

Microsoft has overtaken Apple as the world's most value company. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the Chinese consumers switch to local produced smartphones. This article concentrates on the Microsoft tech chart. From a technical perspective, Microsoft is surging in two large

Fri, 16 Feb 2024 12:49:09 GMT

Apple looks for support

The news that Apple no longer is the most valued company in the world by market capitalization have prompted for a review of the company's chart. Meanwhile, note that Apple was overtaken by Microsoft. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the

Thu, 08 Feb 2024 15:33:31 GMT

British Petroleum breaks pattern

2023 was a year of declines for oil stocks, as prices plummeted at the end of the year. However, since November the prices have recovered and, despite lower earnings, oil companies have increased their dividends and share buy backs. Namely, investors get more value. Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed

Thu, 08 Feb 2024 15:02:19 GMT

Chevron tests resistance

2023 was a year of declines for oil stocks, as prices plummeted at the end of the year. However, since November the prices have recovered and, despite lower earnings, oil companies have increased their dividends and share buy backs. Namely, investors get more value. In regards to Chevron stock, the price has found and confirmed a support zone at

Wed, 07 Feb 2024 15:21:12 GMT

AMD is consolidating

AMD announced in its autumn quarterly earnings event that it has developed a chip that is set to compete with NVidia and take away a market share from it. After the event, the company's stock price surged in a channel up patter. Afterwards, the expectations of possible Federal Reserve rate cuts boosted the surge and caused parabolic gains that

Wed, 07 Feb 2024 14:53:09 GMT

NVidia respects round prices

The stock price of the world's top chip producer NVidia has been massively surging throughout this year. The move occurred in a broad channel up pattern. However, this week the pattern was broken, but it occurred to the upside, as the share price has went upwards parabolically. Some argue that the stock price should consolidate its gains by trading

Thu, 28 Dec 2023 14:46:10 GMT

AUD/NZD bounces up and down

In general, the AUD/NZD pair has been mostly going up and down in a 500 pip range for most of 2023. It respects the 50 and 200-day simple moving averages and marked low and high level zones. By the end of the year, the rate was facing the two SMAs that acted as resistance near 1.0800. A move above the

Thu, 28 Dec 2023 14:35:16 GMT

EUR/AUD decline finds support

The EUR/AUD currency exchange rate has reached the lower trend line of the channel down pattern that has guided the rate down since August. Most recently, the rate passed below the October low level zone at 1.6320/1.6400. A potential recovery of the Euro against the Australian Dollar would have to break the 1.6320/1.6400 range. Higher above, the 1.6500 mark could

Tue, 12 Dec 2023 12:59:46 GMT

CHF/JPY represents monetary policy

In general, the broad picture of the CHF/JPY is simple. The Swiss ended their ultra easy, negative rate etc.. monetary policy, but the Bank of Japan continued on and only now there has been talk of a change in Japan. The different policies are represented by the large scale channel up pattern that has guided the rate up for

Tue, 12 Dec 2023 12:51:40 GMT

EUR/CHF remains in pattern

Since the last review in July, the EUR/CHF has continued to trade in a large scale channel down pattern. However, the rate was fluctuating up and down between 0.9680/0.9700 and 0.9400/0.9420. Most recently, at the start of December the pair approached the 0.9400/0.9420 range's support. A potential recovery of the Euro against the Swiss Franc could encounter resistance in the

Tue, 28 Nov 2023 11:51:54 GMT

GBP/JPY aims at 2015 levels

The GBP/JPY currency exchange rate recently broke the resistance of the August high level zone. In the meantime, it can be observed that since the start of October the rate has been trending higher. Next target for the ongoing surge is the early 2015 high level at 190.00. If this round exchange rate mark is passed, the 192.00 and

Tue, 28 Nov 2023 11:45:09 GMT

USD/CAD remains in 2023 range

In general, the USD/CAD found support in the 2023 low level and started a surge. From August up to late October, the pair surged and shortly booked a new 2023 high level. However, the event was followed by a decline. Most recently, the pair passed below the combined support of the 1.3600 mark and the lower trend line of

Fri, 24 Nov 2023 14:11:21 GMT

AUD/USD finds support near 0.6300

The Australian Dollar has continued to decline in a large scale channel down pattern against the US Dollar throughout 2023. However, in late November the pair started to find support in the 0.6275/0.6290 range. The range was strong enough to eventually cause a surge that broke the 50-day simple moving average and the 0.6450/0.6500 zone. Most recently, the rate's surge

Fri, 24 Nov 2023 14:03:00 GMT

EUR/JPY surge pierces resistance line

The EUR/JPY has been in a major scale channel up pattern since mid-2021. The rate has continued in the pattern higher, as since the last review it broke the resistance of the 158.00 and 160.00 levels. Most recently, the pair suddenly pierced the upper trend line of the pattern, before returning back below the trend line and resuming to

Thu, 23 Nov 2023 16:18:10 GMT

Light crude reveals descending pattern

The price for United States light crude oil pierced the late 2022 high level and then failed to reach above the $95.00 mark per barrel. Afterwards, a sharp decline started that was only slowed down by a retracement, which was caused by the start of war in the Middle East. Although, the recovery was short lived, as the price

Thu, 23 Nov 2023 16:08:12 GMT

Japanese stocks test high levels

After finding support in the 30,400.00/30,600.00 range, the Japanese stock index has ascended to the early summer high levels and the 34,000.00 mark. The future outlook depends on whether this level holds. A move above 34,000.00 is set to result in the index booking new all time high levels. Watch out for round levels that could impact the index. However, a

Wed, 22 Nov 2023 12:22:32 GMT

US tech stock book new 2023 high

In late October, global stock indices found support and started a recovery. On the US Tech stock index it took the form of the stocks finding support in the 13,890.00/14,170.00 range and a recovery that broke through the 15,250.00/15,500.00 range and the prior 2023 high level of 15,950.00. More recently, the 16,000.00 mark was also passed. An extension of the

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