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CHF/JPY is showing sign of weakness at the top of massive bullish trend

CHF/JPY is showing sign of weakness at the top of massive bullish trend CHFJPY Bears are to take over?

At the first peak, BoJ intervention failed to turn away buyers, but it created a good base with a local double bottom pattern (DBP) after the drop from intervention. Our strategy for the DBP here was to buy with a target of 78.6% Fibo of the intervention wave.

Fed with another jumbo rate hike of 75 bp! What is next? Check EURUSD and GBPUSD’s latest updates!

Fed with another jumbo rate hike of 75 bp! What is next? Check EURUSD and GBPUSD’s latest updates! FEd Rate Hike and Market updates

U.S. Fed increased interest rates by another jumbo 75 bp, as the market expected. We saw an initial bullish spike in the stock market and a drop in USD reaction to a critical sentence from the Fed statement.

S&P 500 closed a bullish week, and it formed an excellent weekly bullish divergence

S&P 500 closed a bullish week, and it formed an excellent weekly bullish divergence s&p500 Weekly Analsyis

S&P 500 closed a bullish week, and it formed an excellent weekly bullish divergence. 200 weekly moving average (4-year average) was respected, and the price has formed a signal “not to sell” called “weekly inverted hammer”. After already 3-weeks of consolidation, the price showed the expected strength.

Tesla’s price is declining after the split and Fed’s hawkish tone.

Tesla’s price is declining after the split and Fed’s hawkish tone. Tesla logo

Tesla’s price is declining after the split and Fed’s hawkish tone. Technically the chart looks more bearish than bullish as it forms a Weekly bearish Head and Shoulders pattern. Fundamentally it is overvalued company based on our Discounted cashflow model.

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