empty
27.04.2022 06:10 AM
Technical analysis for Amazon for April 27, 2022

This image is no longer relevant

The Tech giants are having a difficult time. After a stellar 2021 where the central banks pushed out massive amounts of liquidity from which the tech giants benefited the increasing inflationary pressure pressed the central banks to halt the liquidity flow which now is hitting the equity markets. As we entered 2022 we knew that the tech giants were running empty for fuel and it just would be a matter of time before Livermore Accumulation Cycle was complete and point 10 was in place and a lengthy corrective decline would take over. The top-point no. 10 was put in first thing in late November 2021 and Amazon has since been under downward pressure and is headed for point 13 in Livermore's Accumulation Cycle. Ideally, point 13 is found near 2,352.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast for May 22, 2025

On Wednesday, the euro successfully consolidated above the 1.1266 level and the balance indicator line. The next target levels are 1.1420 and 1.1535. The Marlin oscillator is about to enter

Laurie Bailey 05:06 2025-05-22 UTC+2

GBP/USD Forecast for May 22, 2025

Yesterday's inflation data for April in the UK surprised market participants. Core CPI jumped from 3.4% y/y to 3.8% y/y versus an expected 3.6% y/y, while headline CPI reached 3.5%

Laurie Bailey 05:06 2025-05-22 UTC+2

USD/JPY Forecast for May 22, 2025

The USD/JPY pair has been declining for eight consecutive days — a pattern not seen since 2019. However, we recently saw two five-week declines in July 2024 and November–December 2023

Laurie Bailey 05:06 2025-05-22 UTC+2

XAG/USD. Analysis and Forecast

Silver is rising toward the $33.25 level, consolidating near the upper boundary of its familiar range. The emergence of buying on pullbacks, a recent rebound from the 100-day Simple Moving

Irina Yanina 18:43 2025-05-21 UTC+2

Trading Signals for EUR/USD for May 21-25, 2025: sell below 1.1370 (200 EMA - overbought)

Early in the American session, the EUR/USD pair is trading around 1.1327, showing fading bullish strength. Having reached the top of the uptrend channel, EUR/USD is going through a technical

Dimitrios Zappas 17:50 2025-05-21 UTC+2

Trading Signals for GOLD (XAU/USD) for May 21-25, 2025: buy above $3,281 (200 EMA - 6/8 Murray)

Early in the American session, gold is trading around 3,304, above the 6/8 Murray level, and within the uptrend channel formed on May 14. Gold is expected to continue rising

Dimitrios Zappas 17:47 2025-05-21 UTC+2

Forecast for EUR/USD on May 21, 2025

On Tuesday, the EUR/USD pair managed to consolidate above the resistance zone of 1.1260–1.1282, which had previously triggered three pullbacks. As a result, the euro's upward movement continued

Samir Klishi 11:19 2025-05-21 UTC+2

Forecast for GBP/USD on May 21, 2025

On the hourly chart, the GBP/USD pair on Tuesday made two bounces from the support zone of 1.3344–1.3357, reversed in favor of the pound, and rose above the 1.3425 level

Samir Klishi 11:15 2025-05-21 UTC+2

Forex forecast 21/05/2025: EUR/USD, GBP/USD, SP500, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:14 2025-05-21 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 21, 2025.

Although on the 4-hour chart the AUD/JPY cross currency pair is weakening, it seems that this weakening is only a momentary correction as long as it does not break through

Arief Makmur 06:25 2025-05-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.