Here is a stock scan for the coming week and the holiday season.
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This is a discussion on Price Action and Patterns within the Trading Systems forums, part of the Trading Forum category; Here is a stock scan for the coming week and the holiday season. more......
The latest Office for National Statistics (ONS) inflation release showed headline inflation hitting 6.2% in February, a fresh 30-year high, while core inflation rose to 5.2% from 4.4% in January. And even higher levels of inflation are expected in Q2 this year. The latest BoE monetary policy release shows that the UK central bank expect headline inflation to top 8% in the coming months, citing sky high energy and food prices as the main drivers of the move.
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The asset management division suffered due to net losses in equity investments and lower lending and debt investments revenues: Goldman Sachs’ stock (NYSE: GS) has lost roughly 19% YTD as compared to the 16% drop in the S&P500 index over the same period.
Weekly price was on bearish breakdown by crossing Ichimoku cloud to below for the primary bearish reversal. The price was stopped by 304 and 302 support levels which is located near and below Ichimoku cloud. If the price crosses those levels to below so the primary bearish trend will be continuing, if not so the secondary ranging to be near and inside Ichimoku cloud will be started.
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Xpeng stock (NYSE: XPEV) published its Q1 2022 results on Tuesday, reporting a narrower than expected loss, although guidance for Q2 fell short of estimates.
The daily price is ranging below 200 SMA in the bearish area of the chart within 55 SMA at 25.14 resistance level and 19.90/18.01 support level waiting for the direction of the bearish trend to be resumed or the bear market rally to be started.
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The Japanese Yen was hammered by markets in the second quarter. USD/JPY shot by the 2002 peak, touching its highest since 1998. A key driver of the Yen’s weakness has been the Bank of Japan’s policy divergence from its major peers.
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A look at the Tesla stock split to determine how it might change the value of the 6th largest company in the world. Amazon, Google and Shopify also had stock splits in 2022.
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The Dollar Index enjoyed a stellar week as US data saw further increases in peak rate expectations. Can the momentum continue?
The H4 intra-day price is located far above 200 SMA in the bullish area of the chart. The price is trying to break resistance at 105.27 for the primary bullish trend to be continuing.
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more...Candlesticks are a very helpful technical tool if we use them correctly, as we can find a potential movement based on their patterns. Candlesticks can form specific patterns on the chart and these patterns can be divided into two types single-candle patterns and blended candle patterns (more than one candle). In this article, we will learn how we can use MQL5 to detect some of these patterns automatically in the MetaTrader 5 trading terminal, we will cover that through the following topics:
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