Johnson & Johnson (JNJ) Could Rise From the Possible Long Orders at the Bottom
According to the Consensus Estimates for Johnson & Johnson's fourth quarter and full-year profits, fourth-quarter revenues and earnings are expected to reach $22.54 billion and $2.01 each share, respectively.
NZDUSD Awaits a Bullish Recovery as a Mean Reversion
The NZDUSD pair trades at the 0.5648 level, halting its two-day dropping run. The weak US dollar (USD) and apprehensive market sentiment before President-elect Donald Trump's inauguration that follows the day are to blame for the pair's upward movement.
Can Netflix Stock (NFLX) Reach the $1000.00 Level After the Earnings Report This Week?
Since Monday is Martin Luther King Day and U.S. markets are closed, investors will be anticipating Tuesday's (January 21) trading period, which will include Netflix NFLX's Q4 data. NFLX stock has increased by more than 70% over the past 12 months.
Weekly Market Overview and Forecast 0120 - 0126
Weekly Market Overview and Forecast for the week of 20 January - 26 January, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Newborn Town (9911.HK) Bullish Continuation Aimed for the 4.79 High
Newborn Town Inc. showed a decent recovery in recent days, supported by fundamental factors like the share buyback program. Also, the company has a history of decent earnings, providing over 100% gain in a year.
Fastenal Stock (FAST) Bulls Need a Validation From the Positive Quarterly Earnings Report
In its next report, Wall Street analysts anticipate that Fastenal (FAST) will report quarterly profits of $0.48 per share, representing a 4.4% rise from the previous year.
AUDUSD Bears Look for More Fuel From the US Dollar Dominance
Tuesday was the second day the Australian dollar (AUD) has gained ground against the US dollar (USD), rising from 0.6131, the lowest point since April 2020. As the AUD benefited from strong commodity prices, the AUDUSD pair gained momentum.
Dogwifhat (WIF) Whales Look Optimistic Despite the 72% Crash From the November Peak
Dogwifhat (WIF), one of the biggest meme coins on the Solana system, fell over 72% from its highest level in November to a bottom of $1.3626.
JPMorgan Chase Stock (JPM) Remains Optimistic Ahead of the Earnings Call
When JPMorgan Chase & Co. (JPM) will release the outcomes for the quarter that ended in December 2024. The market anticipates that the company will present a yearly profit rise on greater revenue.
Weekly Market Overview and Forecast 0113 - 0119
Weekly Market Overview and Forecast for the week of 13 January - 19 January, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Tingyi Stock Could Rise Higher After the 10% Daily Gain
Tingyi stock showed a remarkable 10% daily gain, creating a bullish breakout from the existing price zone. A solid fundamental background is present behind the upward movement of the stock, where the debt repayment rate is a solid reason.
US Dollar Index (USDX) Anticipates a Bearish Correction From the Mean Reversion
The US Dollar Index (USDX) reached a record high and is currently hovering near the 109.00 level with no sign of a recovery.
GBPUSD Bulls Look Feeble From the Death Cross Formation
The GBP/USD exchange rate rose for the third day, reaching near the 1.2500 psychological level.
Pyth Network Bulls Look Promising as Traders Are Wiped Out From the Record Low
Specifically for the DeFi industry, Pyth Network (PYTH) is a decentralized oracle system that offers high-frequency, minimal latency financial data.
Jefferies Financial Stock (JEF) Aims a Bullish Trend Continuation Before Earnings Report
For the quarter ending in November 2024, the market expects Jefferies (JEF) to report earnings greater than they were the previous year due to increasing revenues.
Weekly Market Overview and Forecast 0106 - 0112
Weekly Market Overview and Forecast for the week of 06 January - 12 January, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Lingbao Gold (3330.HK) Could Soar From a Valid Descending Channel Breakout
Lingbao Gold Group Co Ltd has experienced a decent bullish recovery in recent days, creating a potential investment opportunity. The buying pressure is supported by a solid fundamental recovery from the exchange listing.
EURUSD Bears Awaits a Continuation Opportunity From the Record Low Price
The first trading day of the new year saw the EURUSD lose ground after incurring an indecision the day before. However, a minor recovery of the EURUSD currency pair can be ascribed to a muted US dollar (USD) after Treasury yields declined.
Bitcoin Cash (BCH) Bulls Looks for a Valid Reversal at the Discounted Zone
Bitcoin Cash (BCHUSD) reached a 40-day low and spiked higher immediately. On-chain data suggests that investors are offloading investments from this coin, creating a market dip.
Polkadot (DOT) Bullish Surge Awaits a Falling Wedge Breakout
Polkadot (DOT) has drawn interest at the digital currency level following a spectacular bullish breakthrough from a weekly period chart's collapsing wedge structure.
Dow Jones (US30) Entered the Trendline Liquidity Zone: A Recovery is Pending
US30 maintained the loss, being 6.74% down from the December 2024 peak. However, a bottom is seen at the 20 December low, from where a rally might appear.
Weekly Market Overview and Forecast 1230 - 0105
Weekly Market Overview and Forecast for the week of 30 December - 05 January, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
MINISO Stock (9896.HK) Bulls Looks Potent From the Rally-Base-Rally Formation
The world-renowned lifestyle brand MINISO opened its first MINISO LAND shop in Europe and its biggest location in Spain on December 20.
Toncoin (TONUSD) Maintained the Gain Despite a Lower User Activity
The futures market's Open Interest (OI) for Toncoin (TON) recently fell to $141 million, the lowest level in the previous nine months. However, the technical chart shows a sign of recovery, where a solid bottom is present.
USDCAD Selling Pressure Awaits a Validation From the Near-Term Support Line
This week, the United States dollar (USD) rose after the US dollar strengthened following the announcement of the initial durable goods data in November.
GBPUSD Sellers Might Continue Below the 200 Day SMA Line
Since the beginning of the week, the GBPUSD pair fluctuates in a small trading range beyond the mid-1.2500s.
FTSE 100 (UK100) Needs One More Push Upside Before Validating the Bull Run
Rates from the Bank of England were kept at 4.75%, as anticipated. However, the 6-3 vote divided delivered a slightly dovish signal to financial markets, which led to a less powerful pound and some dovish adjustments for the stock market.
Weekly Market Overview and Forecast 1223 - 1229
Weekly Market Overview and Forecast for the week of 23 December - 29 December, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Platinum (XPTUSD) Awaits a Valid Buy Signal From the Symmetrical Triangle Breakout
Platinum provided a decent return over the years, following a larger industrial demand. However, the price still lags behind precious yellow metal, which could make investors cautious.
Tron (TRXUSD) Selling Pressure is Validated From the Pump & Dump Scheme
After an incredible rally to a seven-year high, the Tron price showed a counter impulsive pressure from the top, suggesting a possible trend reversal.
Accenture Stock (ACN) Could Rise From a Valid Triangle Breakout
When Accenture (ACN) reports its financial results for November 2024, it is anticipated to show a year-over-year rise in profits on higher revenues.
Can Silver Price Reach the All-Time High Following the Double Bottom Breakout?
According to analysts, most of Silver's recent gains are anticipated to continue into the new year. Experts predict that the price of silver will surpass gold in 2025.
Micron Stock (MU) Awaits a Triangle Breakout Before a Bull Run
Micron Technology, Inc. (MU) will release its first-quarter fiscal year 2025 results after the market closes on December 18.
Weekly Market Overview and Forecast 1216 - 1222
Weekly Market Overview and Forecast for the week of 16 December - 22 December, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Meitu Group Stock (1357.HK) Rise as the Company Sold Its Bitcoin Investment?
Just before Bitcoin's price jumped past $100,000, Meitu reveal its cryptocurrency stakes. It announced that it had disposed of all of its cryptocurrency investments, bringing in close to US$80 million.
Cocoa Price Could Rise as the Price Reached a Crucial Breakout Point
In recent days, cocoa price has significantly increased as it has continued their upward trend for six weeks.
Can Costco Stock (COST) Move Higher From the Current Overbought Price?
November's sales results show investors are again interested in Costco Wholesale Corporation's (COST) efficiency. However, the question of whether to purchase or hold Costco shares has now emerged after the most recent sales report.
Can XRP Price Rebound After a 22% Crash on a Day?
After rising above the multi-year high, the price of Ripple (XRP) was trading marginally lower yesterday with a 22% crash.
Can Oracle Stock (ORCL) Maintain the Gain After This Week's Q2 Earnings Report?
Oracle Corporation (ORCL) is expected to release its quarterly earnings report this week, which might be a price-driving factor for this stock.
Weekly Market Overview and Forecast 1209 - 1215
Weekly Market Overview and Forecast for the week of 09 December - 15 December, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can ASMPT Stock (0522.HK) Eliminate the Loss From the Yearly Low Zone?
ASMPT stock (0522.HK) is dealing with a dynamic time that may see a small drop due to seasonal conditions. KKR & Co. Inc.'s consideration of a takeover offer further highlights the company's strategic significance in the semiconductor industry.
Can Ton Coin Rise as the Price Struggles to Overcome the Existing All-Time High Level?
Toncoin bullish pressure is backed by multiple on-chain factors. Moreover, the rising upward pressure above crucial dynamic lines might offer a decent investment opportunity for traders.
Can Kroger Stock (KR) Rise After a Solid 8% Gain in November?
When Kroger Co. (KR) releases its third-quarter fiscal year 2024 results on December 5, it will probably show a top-line boost.
Can Natural Gas (NG) Rise as the Price Struggles at the Yearly High Level?
Natural gas (NG) aimed higher after rising from a one-week low due to forecasts that Arctic air would flow into the lower 48 US states, increasing demand for nat-gas for heating.
Salesforce Stock (CRM) Struggles at the Ceiling Ahead of Q3 Earnings Report
Salesforce, formerly a growth giant renowned for its steady double-digit revenue growth, is currently facing a significant slowdown in sales growth.
Weekly Market Overview and Forecast 1202 - 1208
Weekly Market Overview and Forecast for the week of 02 December - 08 December, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
HG SEMI (6908.HK) Needs More Clues to Go Long After the Pump & Dump
HG SEMI showed a decent bullish wave in recent months but failed to hold the momentum at the top. Following the Pump and Dump scheme, the stock dipped down and reached its lowest level in a month.
Can USDJPY Extend Lower Following the Trade War & Middle East Crisis?
Amid muted US Dollar (USD) price action, the Japanese yen (JPY) continues its steady day-to-day rise and pulls the USD/JPY exchange rate to a three-week decrease.
Soybean Prices Could Rise From a Solid Trendline Breakout
The soybean market maintained its gains to begin the week. Also, the market structure and price pattern could signal an early investment opportunity in this commodity from the discounted price.
Cardano (ADA) Could Move Beyond the $1.50 Level Following the Current Market Pressure
Cardano (ADA), the ninth-largest digital currency by valuation, saw a notable uptick in November, showing more than a 200% increase in value over the previous 30 days.
Can Dell Technologies (DELL) Rise From the Ongoing Channel Extension?
Dell Technologies (DELL) is expected to release its fiscal year 2025 third-quarter results on November 26. As the share price is under ongoing buying pressure, investors might take advantage of the recent base formation and grab a long opportunity.
Weekly Market Overview and Forecast 1125 - 1201
Weekly Market Overview and Forecast for the week of 25 November - 01 December, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Coffee Prices Move Higher After Reaching the Crucial Fibonacci Extension Level?
With Arabica plunging to a 13-year nearest-future peak, the cost of coffee settled significantly higher. Moreover, Coffee prices reached the crucial overextension level, from where a decent downside recovery is pending.
Can Intuit Stock (INTU) Rise After the Symmetrical Triangle Breakout?
One of the top financial software providers, Intuit, is known for making money management chores easier. Once the market ends on November 21, the company will release its fiscal 2025 first-quarter results.
Can NZDCAD Extend the Loss Within the Descending Channel?
The NZDCAD is trading within a corrective pressure, where the ongoing fundamental development from CAD and crude oil could affect the pair’s price.
Can Litecoin (LTC) Overcome the $100 Level After the Adoption as a Memecoin?
The recent designation of Litecoin as a meme coin has created a stir in the cryptocurrency community and led to a remarkable 29% increase in value.
Can Walmart Stock (WMT) Maintain the Massive Surge in 2024?
As Walmart (WMT) maintains its 2024 market surge, its stock shares have again reached a new all-time peak. On Tuesday, November 19, the company will release its third-quarter monetary 2025 earnings.
Weekly Market Overview and Forecast 1118 - 1124
Weekly Market Overview and Forecast for the week of 18 November - 24 November, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Dow Jones (US30) Extend the Gain Beyond the Current All-Time High Level?
Thursday saw a slight decrease in Dow Jones, creating a limit to the Trump move. October statistics showed consumer costs increasing as anticipated, supporting predictions that the United States Federal Reserve would lower the rate of interest in December.
Disney Stock (DIS) Could Rise From the Upbeat Earnings Forecast
The Walt Disney Company (DIS) will release its fiscal 2024 fourth-quarter results on November 14. According to the analysts' consensus estimate, revenues are expected to reach $22.59 billion, a slight increase of 6.37% over the reported amount from the previous quarter.
Can Avalanche (AVAX) Hold the Momentum After the Recent Breakout?
The Avalanche Foundation has fully repurchased the 1.97 million AVAX currency to promote the Terra digital currency ecosystem. The AVAX coin price showed massive buying pressure in the recent price, creating a solid foundation from the ongoing development.
Can USDCAD Bulls Hold the Momentum at the Multi-Year High?
USDCAD appears to hold onto the gains made as the US dollar (USD) rises as traders expect the Fed to adopt a less dovish position.
Shopify Stock (SHOP) Could Soar From the Upbeat Merchant Growth Projection
On November 12, Shopify (SHOP) is expected to release its third-quarter 2024 financial results. Shopify anticipates revenue growth for the quarter that will be reported to be between low and mid-20% on an annual basis.
Weekly Market Overview and Forecast 1111 - 1117
Weekly Market Overview and Forecast for the week of 11 November - 17 November, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
WH Group Could Rise From the Ongoing Bullish Continuation
WH Group Limited revealed its unaudited quarterly outcomes for the nine-month period that ended on September 30, 2024. The company reported a notable increase in earnings despite a decline in overall sales and revenue.
Can Brent Crude Oil (UKOUSD) Soar From the FOMC Rate Decision?
For December, OPEC+ said it would continue to reduce oil production by 2.2 million barrels daily. Lower oil prices, along with decreased demand, caused them to postpone production growth from October, and this trend appears to be continuing.
Airbnb Stock (ABNB) Could Soar From a Valid Trendline Breakout
Airbnb (ABNB) is scheduled to release its third-quarter 2024 financial results on November 7. Depending on the quarterly result, investors might find a stable price direction.
Ripple (XRPUSD) Price Might Find a Direction From a Valid Triangle Breakout
The XRPL oracle cost modification is now active, based on a thrilling announcement made by the official RippleX account. The positive development in the network with the ongoing US election could affect the XRP price.
Qualcomm (QCOM) Selling Pressure Looks Potent From the Death Cross Formation
Qualcomm (QCOM) declined 3.64% in the prior month, less than the 0.01% loss of the Computer and Technology industry and the 0.97% loss of the S&P 500. Investors should monitor how the price reacts on the upcoming earnings report.
Weekly Market Overview and Forecast 1104 - 1110
Weekly Market Overview and Forecast for the week of 04 November - 10 November, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Platinum (XPTUSD) Rise Following the Lower Than Anticipated Nonfarm Payroll?
Platinum futures benefited from the gold price rally and its positive effect on bullion prices, rising to more than $1,030 per troy ounce by the end of October, its highest level since May.
Can USDCAD Aim Lower as the Price Reached the Crucial Supply Zone?
The USDCAD pair is trading close to its highest point since August 5 in the 1.3920–1.3925 range, and it appears ready to continue its current upward trajectory observed throughout the previous month or so.
Apple Stock (AAPL) Remains Within Triangle Pattern Before Quarterly Earnings Report
Apple is predicted to report revenue of $1.54 per share for the most recent quarter, representing an improvement of +5.5% from last year. Therefore, investors might expect a decent trading opportunity upon the report's release.
Can ADAUSD Rebound as Sellers Are Wiped Out From the Bottom?
Charles Hoskinson, the founder of Cardano, made a visionary declaration that hinted at the time frame on which a country would operate on Cardano.
Can GOOGL Stock Soar From the Long Sideways Momentum?
Following the last bell on October 29, Alphabet - A (GOOGL), the parent business of Google and YouTube, is scheduled to release its earnings. The business is currently in a challenging situation.
Weekly Market Overview and Forecast 1028 - 1103
Weekly Market Overview and Forecast for the week of 28 October - 03 November, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Platinum Rise From the Bullish Pre-Breakout Structure?
As per the technical chart, platinum prices have stayed trapped within a rather small range despite persistent market shortfalls.
Bitcoin Cash (BCH) Bulls Are Active From a Solid Bottom Formation
Since Monday Bitcoin Cash (BCH) has gained 13%, making it the market's top gainer. Analysts anticipate further increases, citing several positive signals on the BCH chart.
Can Morgan Stanley (MS) Hold the Buying Pressure From the Overbought Condition?
Morgan Stanley (MS) is expected to release its findings for the quarter that ended in September 2024. Due to higher revenues, earnings are anticipated to be higher than the previous year.
Can USDJPY Move Higher as the USDX is at the Multi-Month High?
The Japanese yen (JPY) has been at its lowest point since the beginning of August, failing to make significant gains against its U.S. counterpart.
Johnson & Johnson (JNJ) Could Soar From the Upbeat Earnings Projection
Johnson & Johnson (JNJ) will release its quarterly financial results on October 15th, 2024. Before a firm releases its profits, it is crucial to account for any changes to revenue predictions.
Weekly Market Overview and Forecast 1014 - 1020
Weekly Market Overview and Forecast for the week of 14 October - 20 October, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Floki (FLOKIUSD) Could Rise From the Ongoing Trendline Support
Floki is still quite positive even if it has been trending lower all week. Analysts devised an overarching strategy for Floki crypto, expecting a 2,000% boom for the famous meme currency and Shiba Inu opponent.
JPMorgan Chase & Co (JPM) Holds the Buying Pressure Ahead of the Q3 Earnings Report
This week, investors will watch JPMorgan Chase (JPM) to see how rate reductions will affect the larger banking sector as the company launches its third-quarter earnings from major banks.
Can Wheat Rebound as the Price Remained Sideways From 3-Month High?
After plunging precipitously, the Wheat price rebounded from the three-and-a-half-month highs. Reports that bad weather could harm Russia’s wheat crop and increased anxiety over supply interruptions after a drone attack at a Ukrainian stream port caused wheat to spike.
Can PepsiCo Stock (PEP) Rise From the Current Dip?
It is anticipated that difficulties facing PepsiCo's North American operations have impacted the business's earnings in the third fiscal quarter of 2024. Investors should monitor how the management aims to overcome the situation, which will help to find the future price of PEP stock.
Weekly Market Overview and Forecast 1007 - 1013
Weekly Market Overview and Forecast for the week of 07 October - 13 October, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Chainlink (LINK) Reached a Crucial Supply Zone: What's Next?
The Chainlink price (LINKUSD) has drawn attention as it approaches significant resistance levels. A number of technical indicators point to possible further moves.
How Could Constellation Brands (STZ) Perform With the Sluggish Demand?
Constellation Brands (STZ) has encountered difficulties in the wine and spirits sector, mostly due to challenging conditions across the majority of price points. The company has also had to contend with increased corporate expenses.
Nike Stock (NKE) Needs a Solid Reason to Form a Bullish Recovery
It is anticipated that Nike's first-quarter monetary 2025 result was impacted by persistent difficulties with lifestyle revenue from goods, difficulties in the company's operations in Greater China, several EMEA areas, and soft trends in digital sales.
Can Natural Gas Price Move Higher From the Breakout Point?
The Natural Gas (NG) price has jumped to a high of three and a half months, signaling a potential upward continuation. Moreover, weekly EIA natural gas stocks increased less than anticipated on Thursday, which provided carryover support for rising natural gas prices.
Weekly Market Overview and Forecast 0930 - 1006
Weekly Market Overview and Forecast for the week of 30 September - 06 October, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Can Hang Seng Index (HK50) Move Higher From the Valid Breakout?
In the daily chart of HK50, a massive buying pressure is seen taking the price to a multi-month high. A bullish breakout has initiated a trend change, supporting buyers momentum.
Can EURAUD Rebound as the Price Remains Steady Within a Bullish Wave?
While the New Zealand dollar hit its highest level of the year, the Australian dollar took advantage as inflation figures decreased more than anticipated and did not work to move the knob on rate cuts.
Can Micron Stock (MU) Rebound Violating the Death Cross Formation?
Micron Technology, Inc. (MU) will release its fourth-quarter fiscal year 2024 results on September 25, following market close.
Dogecoin Price (DOGE) Approaches the Breakout Level
For the last five months, the price of Dogecoin (DOGEUSD) has been moving inside a descending wedge, a pattern that is frequently linked to future breakouts.
Can AutoZone Stock (AZO) Remove the Sideways Momentum After the Q4 Earnings Report?
AutoZone stock (AZO) could be an attractive investment opportunity, as the current price hovers above some crucial lines. Investors should closely look at the upcoming earnings report to gauge the future price of this stock.
Weekly Market Overview and Forecast 0923 - 0929
Weekly Market Overview and Forecast for the week of 23 September - 29 September, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Longfor Group Stock Could Soar After Breaking Out From the High Volume Line
Following the overnight half-percentage-point of Federal Reserve reduction and expectations of more stimulus from Beijing, Chinese real estate stocks like Longfor stock (LONGFOR) spiked higher on Thursday.