Fisker is down by 50% this year. It is not a bargain but it is a candidate of a short squeeze. Remain in the sidelines.
The overall trend is bullish. EUR/USD has already formed a golden cross in the daily chart. It is stuck at the 50% Fibonacci retracement point in the same chart. But on this 4H chart, we see that it is forming a rising wedge pattern. So, brace for a brief $EURUSD pullback ahead of the Fed decision.
The USD/ZAR price has formed a small double-top below the smooth descending trend. With the SARB decision and US GDP data coming up, I expect a bearish breakout below its neckline.
1. Platinum price is In a broader upward trend. 2. It is approaching the middle line of the regression trend. 3. Moved above the 61.8% Fibonacci retracement level. 4. Supported by trend indicators.
Bitcoin is sitting at the 23.6% Fibonacci Retracement level. It has cracked the 50-day moving average. Volume is rising and on-chain metrics are supportive. Next target is about $25,000
I think that Zilliqa has formed a small double-top pattern and a slanted head and shoulders pattern. Therefore, I can't rule out a situation where it retreats by about 15%.
1. Salesforce is set to soar after Elliot Management took a stake. 2. Even before that, the stock was already forming a falling wedge pattern on the daily chart. 3. Salesforce RSI was also forming a bullish divergence pattern.
- Demand from China is soaring. - The US dollar index has recoiled. - Supply is not rising as fast as demand is. - I think recession fears are overblown. Where I live, people are traveling like crazy. - European Union will announce new Russia sanctions on February 5.
Emerging market currencies are likely to outperform the US dollar this year as the risk-on sentiment prevails. The USD/ZAR price has formed a bearish channel on the daily chart and a rising widening wedge on the weekly chart. Outlook is bearish for now.
1. Silver will remain in a supply deficit in 2023. 2. The US dollar index is plunging. Moved from $115 to $102. 3. Silver is in high demand as China reopens. 4. Silver is already in a bull run having jumped by 38% from its 2023 lows.
Verasity price has gone parabolic recently. I explain what Versity is and why I expect it to retreat slightly in the coming days now that it has become extremely overbought. You can look at more analysis at InvestingCube.com.
Zomato stock has been in a steep downward trend. It has formed a small head and shoulders pattern and moved below the 50-day moving average. It has also plunged below two important support levels. Therefore, I suspect that it will crash by about 20% to its all-time low.
The USD/ZAR is at an important support level. I expect it to continue falling to test the next support at 16.06
Silver is in the fifth wave of elliot wave and is expected to fall further
The EURUSD pair is consolidating. Using the 2-hour chart, we see a head and shoulder pattern developing. Meanwhile, elliot wave point to a lower decline as it does the fifth wave.