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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 21/12/2022

USDCAD

USDCAD has been trading between these 1.38190 and 1.32015 levels since September.

Now the price seems to have failed to reach the 1.38190 level again. We may see a correction around 1.34933 due to a reduction in momentum.



DJ30

An update on the previous analysis, the DJ30 managed to break below its consolidation area near the 34249.76 level.

Now we may see a retest of the consolidation area and price may drop 31000.

If the price failed and broke again in the consolidation area, it is better to stay out until there is confirmation about the direction.




Tesla Inc

Tesla has downward bias since november 2021, No the price break below 165.35 and reach 161.8 fibonaci level.

Now we may see a drop to the next fibo level which is 261.8.

If the price fail to respect it trend, we have to wait a pattern or a confirmation to occured.



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