NYSE:NKE looks at a strong potential bullish reversal from the bottom after price action suggests a double bottom forming. Furthermore, the stock is looking at a potential upside as well after it has broken out of the falling wedge formation. MACD histogram is slightly positive while the mid-term Stochastic Oscillator has performed an oversold crossover. 23-period ROC saw momentum rising and is back into the upside. Volume remain in a cool and healthy expansion.
FX:EURUSD market pulled back towards the support level, only to surge above the previous week's high before reversing course. This sudden move effectively rejected the psychological level of 1.0500. Furthermore, the market broke and closed below the upward trendline, a bearish development. Given the high-impact news scheduled for today, we can anticipate some price volatility and potential spikes. In light of this, I believe the market will retest the resistance zone, paving the way for a bearish move. My goal is support zone around 1.03425 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
a price action pattern depicted on the chart we are noticing that price tried several times for breaking upward its level but failed and left a pattern with a temporary pullback before its unseccessful failing upward leg after failing to break the level it started going south toward 76.4% fibo level please see what the market will play out
Seems like yesterday's retracement was not wave 4 as I expected but probably a retracement for wave 2 of the higher weave 3 which seems to unveil.
EURJPY (1D Timeframe) Analysis Market Structure: The price is moving within an uptrend channel, consistently forming higher highs and higher lows. However, it is now approaching the upper boundary of the channel, where selling pressure may increase. A potential rejection from this resistance area could lead to a short-term bearish move within the channel. Forecast: A sell opportunity is anticipated if the price faces rejection from the upper boundary of the channel, signaling a potential pullback toward lower levels within the channel. Key Levels to Watch: - Entry Zone: Near the upper boundary of the channel after confirmation of bearish signals. - Risk Management: - Stop Loss: Placed above the channel resistance or the recent swing high. - Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: Although the overall trend remains bullish, a temporary correction within the channel is possible. Confirmation of rejection at the resistance is essential before entering a sell position to align with market momentum.
By Ion Jauregui - Analyst ActivTrades CaixaBank closed 2024 with the best result in its history, reaching a net profit of €5,787 million, 20% higher than in 2023. This growth was driven by intense commercial activity and the effect of high interest rates. The result exceeded analysts' forecasts, consolidating the bank's leadership in the sector. Fundamental Analysis The bank announced a new share buyback program for a maximum value of €500 million, completing its €12 billion distribution plan set out in its 2022-2024 strategy. In terms of shareholder remuneration, CaixaBank will distribute a final dividend of 0.2864 euros gross per share in April, reaching a total remuneration equivalent to 53.5% of net profit for the year. Net interest income grew by 9.8% year-on-year to 11,108 million euros, although it fell slightly in the last quarter due to the easing of the European Central Bank's (ECB) monetary policy. Income from services increased by 4.6% to 4,995 million euros, with significant growth in asset management (12.1%) and protection insurance (4.2%). CaixaBank also improved its efficiency, reducing its efficiency ratio to 38.5% and raising its return on tangible assets (RoTE) to 18.1%. Its healthy loan portfolio increased by 2.2%, with strong growth in mortgages (53%), corporate loans (24%) and consumer loans (13%). With an NPL ratio of 2.6% and a CET1 of 12.2%, the bank is in a solid position to face its new strategic plan 2025-2027. Technical Analysis If we look at the chart with the WACD indicator showing the VWAP in graph with BUY/SELL signals, and below the three smoothed averages (SMA/EMA/WMA) and the cumulative Delta, showing sentiment, we can see that on January 28th there was a strong trend reversal signal which has subsequently been accompanied by another signal yesterday at 11 o'clock and the movement of the averages has pierced the line. If we look at the cumulative delta a bullish move has been pronounced accompanied by several blue candlesticks signaling bullish sentiment, subsequently from the last signal this also confirmed with bullish sentiment. At the moment RSI is highly oversold at 75.11% marking this extension of the three extremely open bullish averages. The current session Caixa in its first hour has opened with a strong bearish pressure, so it could indicate that the price could correct if it does not hold at least at 5.876 euros/share. There are two other support zones where the price could relapse if it loses its current support, the zone of 5.742 euros and 5.648 euros, being the minimum of 5.570 euros. The logic of the evolution of the share after the share buyback is the revaluation so it is very likely that the company's objective is to try to pierce the 6 euros per share towards new highs. Although the share price of the first hour indicates a temporary slowdown in this evolution. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Ethereum (ETH) is experiencing a strong bullish run against the U.S. dollar (USD), showing an upward price trend fueled by increased buying pressure. Key factors driving this rally include rising investor confidence, growing adoption of Ethereum's network, and positive market sentiment. Technical indicators, such as higher highs and higher lows, support the uptrend, with ETH breaking key resistance levels. If momentum continues, ETHUSD could target higher price zones, but traders should watch for potential pullbacks and resistance areas.
BPUSD has been ranging for a while now and i believe it is gathering liquidity before it melts down. Price may still push up to about 1.24774 before melting down further to 1.22476 price point.
?Hello traders, let's review the 4 hour chart for EURUSD. Speculative XABCD in progress, with PRZ/D set at 0680, so expecting more losses in EURUSD before reversal from point C. ?XABCD structure is defined by point X at 0585, point A at 0200, point B at 0520, point C at 0275, point D/PRZ at 0680, currently most points validated, point C/PRZ still pending, so traders should wait until we hit C before buying. ?Recommended strategy for EURUSD traders: wait for pullback/correction to complete at point C near 0275, buy/hold, SL 60 pips, TP1 +200 pips TP2 +400 pips. BUY/HOLD at point C/PRZ at 0275. swing trade setup. good luck! ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Gold technical analysis H1 Time Frame Next Move Possible. This is not financial advise trade and manage your own risk.