CBOT Soybean futures (ticker symbol ZS) give you an easy, liquid tool to seek to profit from or hedge against price movements for one of the world’s most widely grown crops. Currently, Soybean (CBOT: ZS) futures are in a downtrend with a new weekly supply level of around 890 in control. You can see Soybean’s...
The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada’s largest exports and tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly...
Shopify Inc., a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Shopify stock long-term bullish bias Shopify (NYSE: SHOP) has broken an all-time high again after reacting to Shopify’s strong imbalance for long-term positions around 313 per share, where...
Netflix, Inc. provides a subscription streaming entertainment service. It offers TV series, documentaries, and feature films across various genres and languages. With the coronavirus pandemic, half of the world is locked down at home watching TV more often than usual. NFLX chart scenario Netflix (NASDAQ: NFLX) has broken an all-time high after weeks of having...
United Airlines Holdings, Inc. provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft. It also sells fuel; and offers catering, ground handling, and...
The official currency in China is the renminbi, often abbreviated to RMB, while the term Yuan can be used to describe the base unit of the Chinese currency. When trading onshore, it is referred to as CNY, while offshore trading is known as CNH. USD CNH Chinese Yuan offshore forecast This supply and demand analysis...
Stock markets across Europe have had a strong sell-off for over two consecutive months, with the UK Footsie index (FTSE) dropping about 36% since last December 2019. This strong sell-off has affected most London UK FTSE stocks in the Footsie index, across the European market floors, and in all sectors and industries. The spread of...
Clear long bias on USDSGD (US dollar versus Singapore Dollar). This Forex cross-pair forecast is bullish, given that we have strong weekly demand imbalances created in the bigger timeframes like the weekly timeframe attached below. USDSGD pair analysis The USDSGD spot exchange rate specifies how much one currency, the USD, is currently worth in terms...
A strong monthly imbalance gained control of EURUSD last month at around 1.0654. As explained in previous EURUSD forex cross pair analyses, we had a strong bearish bias, but once a strong imbalance on a big timeframe like the monthly takes control, going short in smaller timeframes is not allowed and is suicidal. Euro Dollar...
Stock markets across Asia and Europe have had a strong sell-off for over two consecutive months; Singapore STI is not an exception to the rule. This strong sell-off has affected most Singapore stocks and investment firms in the STI index and also across the Asian market floors and in all sectors and industries. Singapore stocks...