• The Pattern Pulse – 9 May 2024

    The Pattern Pulse – 9 May 2024

    • May 9, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: NZD/USD Responding from AB=CD Resistance Daily Timeframe – Since the beginning of the year, the New Zealand dollar (NZD) has been on the ropes against the US dollar (USD),

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  • Ichimoku Watch: Airbnb (ABNB) Testing Support

    Ichimoku Watch: Airbnb (ABNB) Testing Support

    • May 8, 2024

    Upcoming Earnings Release: Airbnb, Inc. (ticker ABNB) is scheduled to report earnings today after the market closes. The consensus EPS estimate for the fiscal quarter ending March 2024 is $0.23, while the reported EPS for the same quarter a year prior was $0.18. Buyers Preparing to Show? Airbnb is quite an interesting stock to monitor

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  • Autodesk Primed for a Breakout Higher?

    Autodesk Primed for a Breakout Higher?

    • May 7, 2024

    Autodesk’s (ticker: ADSK) immediate trend is lower at the moment on the daily timeframe, but overall, it must be noted that we have just re-entered a near-2-year range between $182.31 and $234.30. The current ascending triangle pattern formation, taken from the high of $219.50 and $206.23, is now considered an active pattern (two tests on

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  • Index and Commodities Trading Week Beginning 06/05/2024

    Index and Commodities Trading Week Beginning 06/05/2024

    • May 5, 2024

    XJO WEEKLY Price structure: Consolidation Sellers continue to maintain strength over the price action with last week’s “short range” higher close bar. The 7632 level now provides resistance following the impulsive down move 3 weeks ago. The Index is now developing a trading range between the spike lows at 7500 points and resistance at 7900

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  • Ichimoku Watch: Walt Disney Displaying Signs of Bullish Intention

    Ichimoku Watch: Walt Disney Displaying Signs of Bullish Intention

    • May 3, 2024

    Upcoming Earnings Release: Walt Disney Company (ticker DIS) is scheduled to report earnings on 7 May before the market opens. The consensus EPS estimate for the fiscal quarter ending March 2024 is $1.09. The reported EPS for the same quarter a year prior was $0.93. Buyers Preparing to Show? What price action is currently showing

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  • Ichimoku Watch: AI King Testing Support

    Ichimoku Watch: AI King Testing Support

    • May 2, 2024

    Nvidia’s (ticker: NVDA) share price finished Wednesday’s session nearly -4.0% lower, following Tuesday’s drop of -1.5%. In addition to this, the stock has been in the early stages of a downtrend since forming a double-top pattern (red arrows) off all-time highs at $974.00. Inverted Head and Shoulders Pattern? However, with the stock now beginning to

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  • The Pattern Pulse – 2 May 2024

    The Pattern Pulse – 2 May 2024

    • May 2, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Long-Term Bullish Flag on USD/SEK Monthly Timeframe – Since late 2022, against the Swedish krone (kr), the US dollar (USD) has been busy chalking up a potential bullish flag

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  • Ichimoku Watch: Tesla Poised to Fill Upside Opening Gap

    Ichimoku Watch: Tesla Poised to Fill Upside Opening Gap

    • May 1, 2024

    The share price of Tesla (ticker: TSLA) soared higher earlier this week following the company securing a deal with China’s search and mapping group Baidu. Despite the stock opening with a strong upside gap (window) on Monday on the back of the news, price action failed to breach the Leading Span B (the outer boundary

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  • Confluence Watch: ETH/USD Support  

    Confluence Watch: ETH/USD Support  

    • May 1, 2024

    Following yesterday’s edition of ‘Confluence Watch’ on the EUR/USD, today’s attention shifts to the Digital Currency Space: Ethereum versus the US dollar (ETH/USD). According to the weekly timeframe, the major altcoin is down nearly -10.0% WTD and fast approaching an area of confluence (support) between $2,283 and $2,627. The support zone boasts several technical components:

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  • Confluence Watch: Active EUR/USD Resistance

    Confluence Watch: Active EUR/USD Resistance

    • April 30, 2024

    From a technical standpoint, the EUR/USD exchange rate has spent the last few days meandering around resistance on the daily timeframe. With the trend leaning in favour of sellers, resistance is seen between $1.0753 and $1.0726, made up of the following technical tools: Horizontal resistance at $1.0739. Quasimodo-support-turned-resistance at $1.0726. Ascending support-turned-resistance line, taken from

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  • FOMC: A Wait-and-See Approach

    FOMC: A Wait-and-See Approach

    • April 30, 2024

    It is pretty much a sealed deal that the Federal Open Market Committee (FOMC) will hold the line tomorrow at 6:00 pm GMT, keeping its overnight benchmark rate unchanged at 5.25%-5.50% for a sixth consecutive meeting. While there is no update for economic projections at this meeting, you will recall from the last policy-setting meeting

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  • Update on Silver After AB=CD Completion

    Update on Silver After AB=CD Completion

    • April 29, 2024

    You may recall the Research Team highlighted AB=CD bullish completion at $26.79 on the H4 timeframe for spot silver (XAG/USD) last week. Subsequent to this, price action recently came within reaching distance of the 38.2% Fibonacci retracement ratio at $27.84 before rotating southbound and pencilling in a potential higher low at $26.94 earlier today. AB=CD

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