Tesla’s market share could soon decline. According to the analyst’s report, market share is expected to fall from 70% to 20% over the next three years. Although Tesla showed an impressive performance last year, it was even worse than last year. Competitors are gaining momentum in EV production. Chevrolet, Ford, Nissan and Audi have gained more market share. There are data that prove the rapid success of Tesla’s competitors. “More than 110,000 Chevrolet Silverado electric cars have been booked so far,” “We have about 200,000 bookings for the Ford F-150 Lightning.” Some voices in information warfare traditionally come from the United States.
The US dollar rose 0.22% on Tuesday after a hawkish announcement by ECB officials last week. The euro previously strengthened by 2.7%, although it did not beat the resistance level around 1.1483 USD and fell to 1.1418. On the other hand, gold, which usually controversially moved against the dollar, fell by 0.04%, still above the weekly maximum.
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Joe Biden warned Russia that in the event of an invasion of Ukraine, “Nord Stream 2 will no longer be.” The US president did not say how he would ensure that the pipeline would not work. Nord Stream 2 is a Russian energy project that aims to double the amount of gas flowing directly into Germany by the Ukraine bypass.
The price of Brent crude oil is USD 92.02, WTI – USD 90.77, GBP / USD – 1.3535, EUR / USD – 1.1402 and gold is priced at USD 1820.95 per ounce.
Gold Analysis
The price of gold continued its positive trade to reach the expected target of 1825.15, and received continued positive support from the EMA50. It supports opportunities to persuade this level and paves the way for high profits up to 1860.00.
Therefore, we continue to propose strong trends for the foreseeable future. Note that the failure of the 1825.15 break will force the price to return to the bottom and retest the 1797.00 area before each new attempt.
Expected trade margin: between support 1810.00 and resistance 1835.00. Forecast trend: strong.
GBP/USD Analysis
The GBP / USD pair flies around the 1.3525 level without confirming its position at this level, which makes us neutral until we get a clearer indication of the next direction.
We remind you that breaking this level will expose the price to further negative pressure on the 1.3460 level test as another negative target. The consolidation above will lead to a resumption of price and gains starting with a review of 1.3610.
Expected business range: between support 1.3460 and resistance 1.3610. General trend forecast: neutral.
AUD/CAD Analysis
The general trend is origin. The currency pair trades between 365 and 135 moving averages. The rising wave pattern completes the disruption of the oblique channel. There is a bearish divergence in the Awesome Oscillator.
Trading idea:
Sell if rewritten 0.9008.
Stop loss: 0.9078.
Target level: 0.8950; 0.8915.
Trading Idea for Ford Industries Inc. (NASDAQ)
The shares are trading between 365 and 135 moving averages straight up. The descending wave pattern is cut off. In Awesome Oscillator there is a bullish divergence and a stochastic oscillator signals oversold conditions.
Trading idea:
Buy as an ascending wave pattern, where wave (A) intersects the inclined path of the descending section pattern.
The stop loss is below the local low in the descending pattern (17.50). Target level: 21.00; 23.33; 25.57.
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