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This is turning out to be a timely article
In our blog
Who Ultimately Pays the Cost of U.S. Tariffs?
With the economy showing signs of slowing and prices likely to rise, it’s time to revisit this article.
In our bl;og
Stagflation Fears Resurface Amid Trump Tariffs and Fed Uncertainty
Stagflation Returns to the Spotlight as Trump’s Tariffs Raise Economic Alarm
Apple Inc. – AAPL
After a rally last night in Post market trading I warned about this:
To be able to continue Up, it has to reach over 214.10- otherwise it might just go back to test lows again…
Apple failed miserably – it reached a high at 213.60 and that was it…
Now we have to watch how will it behave on following supports:
195.05 & 188.65
Last line of defence is at 164.15 and that is a breaking point between a possibility to return back up and continue in a Bullish channel or to dive towards 120.00
Amazon com Inc. – AMZN
Why Amazon (AMZN) Shares Are Getting Obliterated Today
What Happened?
Shares of cloud computing and online retail behemoth Amazon fell 7.8% in the afternoon session after the company reported disappointing second-quarter results and provided a weak forecast for future growth.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Amazon?
Wel based on this chart, buying it right now would be like catching a falling knife with bare hands – kind of an Irish story – sad and melancholic .
Supports are quite lower and we have yet to see if any will hold…
Supports: 207.35 , 200.00 & 173.15
NIO Inc.
Nio managed to break briefly above 5.00 today, but it is in danger now to create a double top – and that won’t be good at all.
So two resistances has to be taken out of the picture : 5.20 & 5.27
Supports that have to hold for that to happen : 4.90 & 4.75
Failure to hold on those two would make 4.50 an open target…
XRPUSD
Ripple breached today channel support line at 2.9665, but unless it closes tonight below it, doesn’t mean much…for now
Also I have to mention a possibility for it to close above 3.0585 – possible but not very probable – however, if it manages to do so, picture would turn suddenly Bullish.
Supports: 2.9665, 2.8920 & 2.8035
Resistances: 3.0585, 3.1465 & 3.1775
Once XRP slides below 2.9665 road would be open for 2.6500 first…
BTCUSD – Bitcoin
As I have warned two days ago, after losing support at 117.045 BTC took a dive.
Supports: 112.735 & 112.200
These two needs to hold for BTC to start climbing again
There is one more level – 110.800 – last line of defence in front of the open space that can lead all the way to 96.500
Only sharp rebound above 117.000 in coming few days might change this outlook.
EURUSD Daily
Crazy finish of the crazy week…
Important levels that are game changers:
Resistance at 1.15900
Supports at : 1.15050, 1.14150 & 1.13900
Close tonight above 1.15050 would give EUR a chance to complete today’s run and break above 1.15900 , leaving final target / resistance at 1.17200 open for attack on Monday.
However, return below 1.15050 would be quite bearish and EUR might not only turn back down to test supports, but would be able to target a new low in 1.13600 area.
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