Trade Ideas Fx-Futures-Etf-Crypto

PKB(ARCA), IBB(NASDAQ), USDCHF, USDSEK

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PKB(Invesco Building & Construction ETF)-Long Idea

• The underlying index was composed of common stocks of U.S. building and construction companies.

• The above daily chart formed an approximately 3-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.

• The horizontal boundary at 110.69 levels acts as a resistance within this pattern.

• A daily close above 112 levels would validate the breakout from the 3-month-long ascending triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 130 levels.

IBB(iShares Biotechnology ETF)-Long Idea

• The iShares Biotechnology ETF seeks to track the investment results of an index composed of U.S.-listed equities in the biotechnology sector.

• The above daily chart formed an approximately 3-month-long symmetrical triangle chart pattern as a bullish continuation after an uptrend.

• A daily close above 177.6 levels would validate the breakout from the 3-month-long symmetrical triangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 198 levels.

USDCHF-Long Idea

• The above daily chart formed an approximately 4-month-long ascending triangle chart pattern as a bullish reversal after a downtrend.

• The horizontal boundary at 0.804 levels acts as a resistance within this pattern.

• A daily close above 0.8065 levels would validate the breakout from the 4-month-long ascending triangle chart pattern .

• Based on this chart pattern, the potential price target is approximately 0.85 levels.

• For those looking to express a USD strength view, CHF offers a technically well-defined setup.

USDSEK-Long Idea

• The above daily chart formed an approximately 7-month-long H&S bottom chart pattern as a bullish reversal after a downtrend.

• The horizontal boundary at 9.5868 levels acts as a resistance within this pattern.

• A daily close above 9.63 levels would validate the breakout from the 7-month-long H&S bottom chart pattern.

• Based on this chart pattern, the potential price target is approximately 10.5 levels.

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Investment information, comments, and recommendations that are provided are not investment advice. These recommendations are general and are not specifically tailored to your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.