Weekly Technical Outlook: Key Inflection Factors for Lululemon (LULU), Bitcoin (BTC/USD), and GBP/NZD

Who’s up for buying and selling long-term development continuation and reversal setups?

If you’re, then y’all higher take a look at what’s cookin’ on LULU, BTC/USD, and GBP/NZD’s charts!

Which amongst these setups will you probably commerce?

Lululemon (LULU): Every day

Lululemon (LULU) Daily Chart

Lululemon (LULU) Every day Chart

Put your tight pants on as a result of Lululemon Athletica Inc. (LULU) is reporting its This fall and 2021 earnings this week!

And as if that’s not thrilling sufficient, LULU can be testing a longtime descending channel resistance AND is displaying a bearish divergence on the day by day timeframe.

Watch how LULU reacts to the $320 – $330 zone. If we begin to see hesitation or dojis, then LULU would possibly prolong its weeks-long downtrend.

But when the inexperienced candlesticks maintain coming, then LULU might revisit greater areas of curiosity like $350 or $370.

GBP/NZD Daily Forex Chart

GBP/NZD Every day Foreign exchange Chart

GBP/NZD has been poppin’ up a number of dojis close to the 1.8900 psychological deal with!

As you possibly can see, 1.8900 had served as a strong assist again in November. Not solely that, but it surely was a significant space of curiosity in early 2021!

Bulls who’re anticipating a bounce would like to know that there’s at the moment a bullish divergence on the day by day chart.

Earlier than you place your purchase orders like there’s no tomorrow, although, you would possibly wish to look forward to a little bit of momentum first. You simply by no means know when the bears are within the temper for long-term breakouts, ya know?

Bitcoin (BTC/USD) Daily Chart

Bitcoin (BTC/USD) Every day Chart

The place my crypto-trading buddies at? BTC/USD is displaying wholesome inexperienced candlesticks after bouncing from the $36Ok assist and 100 SMA on the weekly timeframe.

Stochastic has simply taken off from the oversold zone, so there could be room for extra gainz within the subsequent few weeks.

Look out for the mid-channel resistance close to $50Ok in case we see some profit-taking.

Planning to go all in simply because we’re seeing bullish strain? Because the Black Panther as soon as stated, we don’t try this right here.

Be certain that to make good risk management choices this week, buying and selling buddies!

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