The US Dollar extended its winning streak alongside Treasury yields as markets priced out Fed rate cuts. Ahead, will the Federal Reserve’s preferred inflation gauge support DXY’s key breakout?
Archiv für den Monat: Mai 2023
Crude Oil Outlook Dims on Debt Limit & Recession Risks, Double-Top Pattern Eyed
Crude oil prices may head lower in the near term, dragged down by recession risks and the U.S. debt ceiling impasse, with a double top pattern reinforcing bearish signals.
Japanese Yen Weekly Outlook: USD/JPY Triangle Breakout, Key US Data in Focus
The Japanese Yen extended its losing streak against its major counterparts, largely driven by external factors as Treasury yields climbed. Will USD/JPY continue its push higher?
Gold Weekly Forecast: Flight to Safety May Prompt Bullish Continuation
The outlook has improved for gold after debt ceiling talks stall, Yellen warns of further potential bank mergers and Powell talks down rate hikes due to slowing credit
Tesla Stock Price Forecast: Technical Analysis and Trade Idea for Bulls (using Fib entry)
In this analysis, I will provide a detailed technical analysis of Tesla’s stock price forecast, accompanied by a trade idea that utilizes a unique Fibonacci entry method. I discuss the recent price movements, identify potential patterns, and suggest a trade strategy for traders considering a Long position with TSLA stock. Please note that trading involves risk, and it is important to conduct thorough research and analysis before making any investment decisions.
Analyzing Tesla’s Stock on the Daily Time Frame
Since late 2020, Tesla’s stock has shown indications of a head and shoulders pattern on the daily time frame. The pattern consists of a left shoulder, a head, and a right shoulder. Following the failed attempt at forming the right shoulder and the subsequent break of the neckline, the stock experienced a significant drop, eventually reaching the measured move level.
The measured move is determined by measuring the distance from the top of the pattern to the neckline break and projecting it downward. In this case, Tesla’s stock price dropped from the top to the measured move level.
Technical Analysis and Trade Idea for TSLA Bulls (using Fib entry)
The above video provides further analyis on more recent price action, and creates a trade plan for gradual, step-by-step, ’scaling in‘ buys at increasingly lower prices. If the stock price is reached, the pre-made, exising buy orders will get filled.
Futher points covered in the above video :
- Tesla Stock Price Forecast 2023: Analysis and Fibonacci Trade Idea
- Analyzing Tesla Stock: Technical Analysis and Head and Shoulders Pattern
- Understanding the Bull Flag Pattern: Upside Potential for Tesla Stock
- Fibonacci Entry Method: Optimizing Trade Entry Points for Tesla
- Managing Risk and Targeting Profits: Stop Loss and Profit Targets
Make sure you have watched the entire video above and feel free to subscribe you the ForexLive.com Youtube Channel and activate alerts to get notified as our videos are published.
This article was written by Itai Levitan at www.forexlive.com.
Biden in Japan. In Washington D.C, Democrats & Republicans say debt talks going backwards.
US President Biden is in Japan for the G7 leaders‘ summit.
While the cat’s away the mice are not making progress. This is the latest out of Washington politics surrounding the debt ceiling negotiations:
US House Speaker Republican Kevin McCarthy
- said he is not seeing progress while the President is away –
“Unfortunately, the White House moved backwards,” McCarthy told reporters (link to US politics media, The Hill, for more if you are interested)
Meanwhile on the Dem side, this is from another US politics media source, Politico reporter tweet:
- „Democrats in the White House and on Capitol Hill say negotiations are going in the wrong direction“
- „They say Republicans’ demands keep going further to the right.“
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Biden is meeting with Japan, South Korea, and then separately with Ukraine President Volodymyr Zelensky on Sunday (Japan time). Biden will hold a media conference later in the day. He’ll be back in Washington for more debt talks, likely from Monday although he could arrive back on Sunday evening USA time.
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US House Speaker Republican McCarthy & US President Biden.
This article was written by Eamonn Sheridan at www.forexlive.com.
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Früher ein Geheimnis, wirbt Apple jetzt mit seinen Zulieferern in Europa. Welche Firmen in Deutschland produzieren – und was sie für den iPhone-Konzern herstellen.US-Rapper: Skandal um Kanye West: Adidas startet Teilverkauf der letzten „Yeezy“-Schuhe noch im Mai
Den Erlös will der Sportartikelkonzern teilweise spenden. Adidas hatte die Kooperation mit dem Musiker gestoppt – die Lager sind aber noch voll mit Ware im Milliardenwert.Clouddienste: So bekommen Mittelständler IT-Unterstützung aus der Datencloud
Der Bedarf an IT-Unterstützung im Mittelstand wächst, doch immer mehr lokale Anbieter geben auf. Dienstleister mit cloudbasierten Lösungen wollen die Lücke füllen.