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.
Lennar Stock (LEN) Remains Within a Rising Wedge Pattern Ahead of the Q3 Earnings Report
Lennar Corporation (LEN) is scheduled to release its third-quarter fiscal 2024 outcomes, which ended on August 31. The estimated consensus revenue figure is $9.29 billion, indicating a 6.4% increase over the $8.73 billion reported a year ago.
Russell 2000 Remains Steady Ahead of the FOMC Meeting
The 4.23% weekly gain led to the biggest three indexes in the Russell 2000. Also, the upcoming FOMC meeting could be a crucial price director for the small-cap index.
Weekly Market Overview and Forecast 0916 - 0922
Weekly Market Overview and Forecast for the week of 16 September - 22 September, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
How Could Cardano Price (ADA) React as Whales Are Securing Profits?
Cardano (ADA) has surged in value by more than 6.8% in the previous week and moved above the crucial intraday resistance. This cryptocurrency is currently attempting higher price ranges, where some challenges are seen from the fundamental’s perspective.
Can Fedex Stock (FDX) Rebound as the Earnings Expected to Grow?
FedEx (FDX) is expected to release its earnings report ending August 2024, where greater revenues are anticipated to produce a year-over-year increase in profitability.
Sui Price (SUI) Could Soar From a Valid Inverse Head & Shoulders Breakout
Investors in altcoins have been talking a lot about Sui (SUI), especially now that its price has increased significantly and has gained positive momentum. Sui (SUI) has gained popularity fast by introducing its stablecoin, AUSD, and its function in promoting DeFi actions on the platform.
Can USDJPY Rebound as the Price Approached the Yearly Low?
For the second day in a row, the USD/JPY is losing ground, closing below the 143.00 level. In the wake of comments made by Bank of Japan (BoJ) trustee Junko Nagakawa, the Japanese Yen (JPY) is still strong.
Kroger (KR) Remains Steady Above the $50.00 Level: More Upside Pressure to Come
Kroger (KR) anticipates a quarterly profit of $0.91 this week, which might provide a decent long signal. However, the technical outlook remains neutral, from where a range breakout is needed before forming a trend.
Silver Price (XAGUSD) Awaits a Direction From the US CPI Release
Silver price (XAGUSD) increased marginally to almost $28.00 per one troy ounce. Non-yielding resources like silver gain traction as the probability of a 25 basis-point rate reduction from the Federal Reserve (Fed) at the September meeting rises due to weak employment data.
Oracle Stock (ORCL) Could Soar From a Valid Bullish Breakout
Oracle is expected to release its first-quarter fiscal revenue report following Monday's market close.
Weekly Market Overview and Forecast 0909 - 0915
Weekly Market Overview and Forecast for the week of 09 September - 15 September, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
China Vanke Reached the Key Support Level Due to a Business Difficulty
Following its first loss in twenty years, China Vanke Co. is beginning to raise red flags regarding its ability to pay back debt.
NZDUSD Bulls Might Find a Hope From a Valid Discounted Zone
The NZDUSD pair is losing momentum for the fourth day in a row, before this week's important economic reports Nonfarm Payrolls (NFP) and ISM Services PMI, which could provide hints about the scope of the Fed's possible interest rate cuts this month.
Can Dollar Tree (DLTR) Recover From the Multi-Year Low With the Upbeat Earnings Projection?
When Dollar Tree, Inc. (DLTR) releases its second-quarter fiscal 2024 findings on September 4, it is expected to see a top-line increase. The $8.5 billion Consensus Estimate for earnings is a 2.5% increase over the same quarter last year.
Solana (SOLUSD) Bulls Need a Valid Push From Wallet Activity
The price of Solana (SOLUSD) has followed one of the most disappointing paths as volatility keeps gains at bay.
Zscaler (ZS) Bulls Could Find a Hope From the Cup & Handle Pattern Formation
Over the last month, the returns on the stock of cloud-based security software provider Zscaler have been +11.6%, while the S&P 500 composite has changed by +3.2%.
Weekly Market Overview and Forecast 0902 - 0908
Weekly Market Overview and Forecast for the week of 02 September - 08 September, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Meituan Stock Could Soar From the Rally-Base-Rally Formation
The Chinese food delivery behemoth Meituan, announced a share buyback and reported better-than-expected quarterly results, which sent its shares skyrocketing.
Gold (XAUUSD) Holds the Buying Pressure at the All-Time High
This week, gold price fell below $2,520 an ounce as traders awaited new indications regarding the extent of the Federal Reserve's impending interest rate reduction.
Salesforce Stock (CRM) Formed a Bullish Pre Breakout Structure
Salesforce (CRM) is scheduled to release its second-quarter fiscal 2025 findings on August 28. The company's second-quarter non-GAAP EPS is expected to be $2.35, representing a 10.9% year-over-year rise.
Chainlink (LINK) Needs a Valid Push to Form a Bullish Trend Reversal
Chainlink price (LINK) has increased significantly recently, continuing the upward trend seen over the last few days. This upward trend highlights investor interest and is consistent with larger changes in the bitcoin market.
PDD Stock Aimed to Rise From the 50 Day SMA Line
PDD Holdings Inc. (NASDAQ: PDD) is a prominent e-commerce company that is worth considering investments in. It owns two online retail websites, Temu and Pinduoduo.
Weekly Market Overview and Forecast 0826 - 0901
Weekly Market Overview and Forecast for the week of 26 August - 01 September, analyzing Forex, Indices, Crypto, Commodities, and Stocks markets.
Xiaomi Stock Aimed to Extend the Buying Pressure Following the Upbeat Earnigns Report
Xiaomi stock surged in Hong Kong after the smartphone and gadget maker beat on revenue and reported higher-than-expected profits from its recently launched electric car business.
Wheat Prices Remained Bearish At the Record Low
Although there were indications that wheat was at least forming a bottom, the three U.S. wheat futures exchanges were trading close to some of their lowest points in recent memory.
Synopsys Stock (SNPS) Remains Sideways Ahead Of the Q3 Earnings Report
Synopsys Inc. (SNPS) will release its Q3 fiscal 2024 outcomes on August 21, following market close. Investors will closely monitor how the actual result comes where the upbeat result might find a relief above the 100 day SMA line.
Avalanche (AVAX) Bulls Could Soar After Overcoming The 50 Day EMA Resistance
On-chain activity for Avalanche (AVAX) has been on the rise, which could indicate renewed investor interest in the altcoin. If the AVAX price can show a proper reversal, creating a bottom, investors might find it a valid long opportunity.