In chart week frame, MA50/ MA200, MACD show downtrend for MA continues. Strong support at $121.02. The pattern head and shoulders not completed so downtrend continues to $121.02 (maybe on middle of June). Now price: $155.52. IMO amateur trader.
Markets are narrowly leaning toward no rate cut from the Bank of Canada this Wednesday. Markets were pricing a 58% chance of a pause as of Friday last week. With traders nearly evenly split, short-term volatility in USD/CAD is possible. While the Bank had previously signaled it would "proceed carefully" on future rate cuts, that guidance came before the heightened risks tied to the U.S. “Liberation Day” tariff announcements. From a technical standpoint, there are early signs the pair may be forming a near-term bottom. If the BOC holds rates steady, USD/CAD could retake its 200-day moving average, opening the door for a move toward resistance near 1.4100.
Why I think this index will continue to drop: - Potential trend line confirmation lining up with support turned resistance. What do you think?
Citigroup’s stock has gained over 2% in the last trading session, as its latest earnings results have supported a moderately bullish bias on the current price chart. The company reported earnings per share (EPS) of $1.96, beating the expected $1.85, while revenue reached $21.6 billion, exceeding the forecast of $21.29 billion. These positive figures triggered a bullish price gap, which is currently sustaining steady upward pressure on the stock. Downtrend in Focus Despite the recent upward movement, the chart continues to show a consistent downtrend that has been in place since February 18. Although buying momentum has increased in recent sessions, the price remains within the broader bearish trend, which still dominates in the short term. For now, this trendline continues to be the most relevant technical structure to watch. MACD For the first time in nearly 10 sessions, the MACD histogram has returned to the zero line after a prolonged period in negative territory. This may indicate a strengthening bullish momentum. Additionally, both the MACD line and the signal line are showing signs of a bullish crossover, further highlighting potential short-term buying interest. If these technical conditions persist, buying pressure may become increasingly relevant. Momentum The momentum indicator over the last 10 sessions has maintained a steady upward slope, gradually approaching the neutral zero line. This reinforces the outlook for a renewed buying push in the price action. Both technical indicators are currently signaling a slight increase in bullish momentum. However, the price still needs to challenge the 200-period moving average — a key resistance level — to confirm a clearer short-term direction. Key Levels: $56 – Key Support: This level represents the recent weekly lows. A move down to this area could strengthen the prevailing downtrend. $68 – Near Resistance: Aligned with the 200-period moving average, a breakout above this level could challenge the current downtrend and confirm renewed bullish strength in the short term. $73 – Distant Resistance: This level aligns with the 100-period moving average. Price action approaching this area could confirm the emergence of a new upward trend. Written by Julian Pineda, CFA – Market Analyst
Price has been consolidating between 59.49 and 61.50. A clean break above the 61.50 zone could trigger a bullish move toward the resistance levels at 63.65, 65.74, and 67.51. Bias: Bullish on breakout Timeframe: 2H Reminder: Wait for a confirmed breakout with volume before entering.
Beautiful looking chart post correction. Could be potential leader coming out of market correction. Notes are listed on chart, lots of reasons to like this name as it pulled back less than SPX itself showing powerful Relative strength. Top of watchlist with a few other names that standout NYSE:BJ NASDAQ:OLLI NASDAQ:PLMR NASDAQ:SFM NASDAQ:ADMA NASDAQ:NFLX #Stocks
Price has formed a strong support zone near 99.90–100.00 and is now breaking out of the consolidation range. If the breakout sustains, we could see a move towards the next resistance levels at 101.02, 102.37, and 103.54. Bias: Bullish Timeframe: 2H Note: Patience is key—wait for confirmation before entering.
? Price is stalling just below the 40,770.00 resistance, showing signs of exhaustion after a strong bullish push. Momentum is slowing down. ? Marked Zones: • Resistance: 40,770.00 ❌ | 41,552.00 ? | 42,540.00 ? • Support: 39,270.00 ⚠ | 36,800.00 ? ? Scenarios: • Bullish Bias: A clean break and retest above 40,770.00 could open the door for a continuation to 41,552.00. • Bearish Bias: Rejection from 40,770.00 or failure to break higher could trigger a retracement to 39,270.00 or lower. ⚠ Stay patient and watch price behavior around the zone — no breakout, no buy. ? This is not financial advice. Always trade your plan.
All targets are on the table in OM. As long as there is no daily close below our yellow support box below, the direction is up!
EURUSD high quality setup: Entry: 1.06880 Target: 1.13998 Stoploss: 1.03595