Nvidia Stock Tops in Q3, But Zoom Stock Outperformed Tech Stocks
Nvidia stock price remains the S&P 500 top performer as its shares surged almost 76% during the third quarter. The investors’ confidence in the future fundamentals of Semi-conductor Company helped in adding to shares price gains. Nvidia has announced a $40B acquisition of SoftBank's Arm chip unit.
Gold Wedge at APEX for Breakout!
Gold (XAU/USD) has been compressing into a wedge directly above the previous all time high, which was broken after 9 years in August 2020. The APEX of the wedge is fast approaching as traders and investors patiently await for the continuation break out on gold. Wedge patterns are generally a…
GBP/CAD: Short Term Support Following 423 Pip Drop in September
GBP/CAD found solid support at 1.71320 from June’s old resistance. GBP/CAD Short term trade has superior reward to risk ratio if optimal entry is obtained. Caution: We are below the 200 and 50 EMA which will present price resistance once tested and this is a counter trend trade meaning…
Technical Report – Trade Ideas and Key Levels
USD/CAD Trade Idea As illustrated in the image above, current prices are forming a ‘head and shoulders’ chart pattern formation, with prices creating the ‘right’ shoulder of the pattern. Technically speaking, we could see prices push sharply higher upon the break of the neckline (orange zone) at around 1.344. Zooming…
GBP/CHF Long Trade Idea
4 Hour Timeframe – GBP/CHF 07/07/2020 17:30 PM Technical As illustrated in the chart above, there is a clear bullish head and shoulder formation. Prices are currently testing a key resistance level at around 1.18400 , a break and close above this zone would confirm the bullish head and shoulder…
AUD/NZD Short Trade Idea – Long Term
Weekly Time Frame – AUD/NZD 03/06/2020 20:00pm Technical As illustrated above, AUD/NZD has been trading in a wedge-like structure. Prices are currently testing the upper weekly trendline support. It is evident this weekly trendline has been a strong barrier for this pair, with multiple previous rejections. A close below the…