USDCNH forex cross-pair is tanking as expected after reaching the strong supply imbalance on the daily timeframe. USDCHN price has reacted strongly to the price level, and the Chinese Yuan price is getting stronger against the US dollar. The USDCNH price chart attached below is a screenshot taken from the cross-pair last November 29th 2022,...
Getinge is a global medical technology company founded in Sweden a long time ago, back in 1904. The firm provides equipment and systems within healthcare and life sciences. The Swedish healthcare company has lost more than 50% of its value since the end of November 2021. After such a strong sell-off, a new bullish leg...
Byggmax Group AB is a Sweden-based company active within the construction materials retail sector. The Company is engaged in the discount retail of construction materials in the Nordic do-it-yourself (DIY) market. Byggmax Swedish stock is in the middle of nowhere in the monthly timeframe, sitting between strong imbalances at 27 and 69 SEK, respectively. Right...
Is Nike stock a buy right now? After falling sharply this year, Nike stock now seems to be on the rebound. The company also hiked its dividend by 11%, so stock analysts expect that Nike’s earnings should improve as inventory levels decrease. That’s at least what you can read if you google the famous stock...
Nio Inc. is a Chinese stock sometimes called the Tesla (TSLA) of China. NIO is a pioneer in building smart electric cars, providing premium services, and creating innovative charging solutions. Like Tesla, Nio makes luxury electric vehicles. Unlike Tesla, Nio does not make its own EVs, instead partnering with a state-owned auto manufacturer. Nio’s stock...
European Airbus stock is a very well-known European multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide and manufactures aircraft in Europe and various countries outside Europe. Airbus is Boeing’s biggest competitor in the aircraft manufacturing business. The competition between Airbus and Boeing has been characterised as a duopoly in the...
Anta Sports Products Limited is a Chinese sports equipment multinational corporation headquartered in Jinjiang. It is the world’s largest purely sports equipment company by revenue and the third-largest manufacturer of sporting goods overall, behind Nike and Adidas. Adidas stock analysis and Nike stock analysis were also published recently. Please, check them out if you want...
A bullish pin bar usually appears at the end of the downward movement, not necessarily a downtrend. It opens within the body of the previous bearish candlestick and has a long lower tail and a small body. The pin bar candlestick will be useless unless you put price action in the context of the surrounding...
Why is it advised to look left and right while crossing the road? If you only looked right to check whether any immediate incoming vehicle was approaching you, you might get stuck up in the middle or hit by the car from the other direction, which you didn’t check. Or, after checking the left side,...
How To Make Predictions For Trades in Stocks and Forex Weeks and Months Ahead. You can learn to plan your trades weeks and months before the move happens. You may be wondering how that is possible. Simple, the stock market, the Forex and crypto markets are moved by supply and demand forces you are unaware...