$CHPT : Weekly Buying Opportunity in EV Stock Chargepoint

by elliottwave-forecast.com | May 31, 2023 7:11 pm
Chargepoint Holdings Inc. is an US American electric vehicle infrastructure company. Founded 2007 as Coulomb Technologies, headquartered in Campbell, California, US and traded under the ticker $CHPT at NYSE, it is a component of the Russel1000 index. First of all,...

Understanding Average True Range (ATR) for Successful Forex Trading

by ForexCycle.com | May 31, 2023 7:37 am
In the dynamic world of forex trading, understanding and effectively utilizing technical indicators is crucial for making informed trading decisions. One such powerful tool is the Average True Range (ATR). ATR is a widely used indicator that...

USDCAD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:25 am
The USDCAD currency pair has recently shown resilience as it failed to break below the rising trend line on the 4-hour chart. This suggests that the pair remains in an uptrend that originated from the 1.3314 level....

USDJPY Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:21 am
The USDJPY currency pair has recently broken below its rising price channel on the 4-hour chart, indicating a shift in momentum. This breakdown suggests that a deeper decline may be in store for the pair, with the...

AUDUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:16 am
The AUDUSD currency pair is currently facing a critical support level at 0.6490. A breakdown below this level could potentially trigger further downside movement towards the next support area at 0.6400. Traders and investors will closely monitor...

GBPUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:11 am
The GBPUSD currency pair has recently broken above a falling trend line on the 4-hour chart, signaling a potential shift in the market dynamics. This breakout suggests a period of consolidation for the ongoing downtrend from 1.2679....

EURUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:06 am
The EURUSD currency pair has recently broken above a falling trend line on the 4-hour chart, indicating a period of consolidation for the ongoing downtrend that originated from 1.1091. However, caution is still warranted as the pair...

Novo Nordisk (NVO) Should Remain Supported & Resume Rally

by elliottwave-forecast.com | May 30, 2023 9:19 pm
Novo Nordisk A/S (NVO), a healthcare company engages in the research, development, manufacture and marketing of the pharmaceutical products worldwide. It operates in two segments, Diabetes & Obesity care & Biopharm. It is based in Denmark, comes...

Salesforce CRM Primed for Growth as Cloud Computing Demand Soars

by elliottwave-forecast.com | May 30, 2023 8:56 pm
Salesforce Inc (NYSE: CRM) is a leading player in the cloud computing industry, well-positioned for continued growth and success. This article explores the potential bullish technical structure of CRM using the Elliott Wave Theory. Between November 2021 and...