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Annual forecast for eBay (2021)
28 Feb 2021 @ 14:27
EBay shares (NASDAQ:EBAY) have been plummeting in this month, thus erasing the recent bullish gains that were made, especially from November 2020 to January 2021. Further short selling is anticipated this year. ADX period 14, is somewhere around the level 30, meaning that momentum remains strong in the market. DM- is almost crossing DM+ to […]
Have you invested in an extremely rare opportunity of a lifetime?
23 Feb 2021 @ 02:46
The Next “Buzz Word” Altcoins Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In […]
USD/CAD Retests Level 1.2740, Resumes Downward
18 Feb 2021 @ 09:35
Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is on a downward move. The downtrend was a result of the rejection at 1.2850 High. The pair fell to level 1.263 and corrected upward. The upward correction also faced another rejection at 1.2750. Nonetheless, the selling […]
Silver Price: XAGUSD Stays Optimistic Under $28.00 As Bulls Gather Traction
18 Feb 2021 @ 09:18
XAGUSD Price Analysis – February 18 Silver (XAGUSD) price continues to range within the $27.00 to $28.00 region as buyers support the prospect for a move beyond the $28.00 and on the other hand, sellers need to refresh monthly low for entries. Silver is currently trading at $27.05 per ounce, representing a 0.50% loss on […]
An important factor that determines your profitability (it’s not what you think)
12 Feb 2021 @ 05:45
When traders are looking for ways to become consistently profitable, they, sadly, tend to consider the wrong factors and looking for solutions in the wrong places. Yes, factors like hit rates, risk-to-reward ratios, risk control, etc. are very important to your career as a trader. Nonetheless, there is an important factor that determines your profitability, […]
AUDUSD Upside Run Holds Steady Past Mid 0.7700 Level As Risk-On Mood Undermines USD
12 Feb 2021 @ 05:32
AUDUSD Price Analysis – February 11 After it rebound from the prior week low at 0.7563 level, the AUDUSD pair has benefited from a sustained move past the MA 5 and 13 at the 0.7700 regions. The pair’s upside run continues to hold steady past the mid 0.7700 level as the underlying bias of a risk-on mood […]
Dogecoin Price Analysis — February 5
05 Feb 2021 @ 07:54
Dogecoin (DOGE/USD) saw an overnight rally of about 80%, indicating that Wall Street Bet’s crypto division still has plans for the cryptocurrency. Dogecoin came into the limelight following a 900% pump on January 28, which catapulted the meme cryptocurrency to rank as the tenth-largest cryptocurrency based on market capitalization for the first time since 2015. […]
Annual forecast for S&P 500 (2021)
30 Jan 2021 @ 08:16
S&P 500 price (SPI:SP500) has already generated a bearish signal, following a recent bullish movement, which started in November 2020. Price has crossed the EMA 21 to the downside and the Williams’ % Range period 20 is now sloping towards the oversold region. The market closes below the EMA 21 and the Williams’ % Range […]
Annual forecast for Google - Alphabet (2021)
30 Jan 2021 @ 07:40
Alphabet Inc. stock (NASDAQ:GOOG) is currently experiencing a bearish correction, following a recent bullish journey. The bullish bias remains in place, unless price drops below the demand level at 1700.00. In fact, 1700.00 is the target for sellers for this year. By then, the ADX period 14, which is currently around the level 20, should […]
Gold Price Analysis — January 30
30 Jan 2021 @ 07:02
Gold Price Analysis — January 30 Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh […]
