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Federal Open Market Committee members decided upon yet another sizable rate hike today, announcing a 75 basis point increase. Many cryptocurrencies and stocks fell following this move as markets reacted to the news.

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Amazon stock is likely to keep falling until the economy gets more robust — that is not likely until 2024 at the earliest. The weekly price is located far below Yearly Pivot Points at 166.78: price is trying to cross S3 Pivot at 100.44 to below for the strong bearish trend to be continuing. Alternatively, if the price the second Pivot level (S2 Pivot) at 122.23 to above so the secondary bear market rally will be started with 144.99 as the possible target ...

Our forecast indicates that Microsoft’s valuation is $337 per share, which is 39% above the current market price of around $242.
The Chinkou Span line of Ichimoku indicator broke the historical price for the strong breakout with the possible bullish reversal with 267 resistance level as a target to re-enter.

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The U.S. dollar rose to its highest value in over 30 years relative to the Japanese yen. The greenback has been showing sustained strength, a development that could reduce demand for assets denominated in the currency, for example cryptocurrencies and stocks.

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Ford is expected to publish its Q3 2022 results on October 26, reporting on a quarter that likely saw the company’s deliveries pick up, although profitability could be weighed down by supply chain headwinds and cost pressures. The weekly price of Ford stock price is located near and above 200 SMA with the ranging within resistance level at 16 for the bullish trend to be continuing or support level at 11 for the bearish reversal to be started.
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