Day: February 7, 2022
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 4/8 and then continue growing to reach the resistance at 5/8. Still, this scenario may no […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming several reversal patterns, including Harami, close to the resistance level, USDCAD is reversing and may form a new descending impulse. In this case, the downside target may be the support area at 1.2670. However, an alternative scenario implies that […]
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Washington, D.C. — The Commodity Futures Trading Commission announced today that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against The W Trade Group LLC, Larry Ramos Mendoza of Miami, Florida, and Joseph Carvajales also of Miami, Florida, charging them with fraud and misappropriation of over $19 million involving futures, […]
Alibaba Earnings In FocusChinese tech behemoth Alibaba is due to report earnings today for the 4th quarter and there is a great deal of focus on how the company’s share price will respond. Alibaba has been trading in a well defined bear channel since the 2020 highs recorded during the height of the pandemic. Since […]
EURAUD Breakout UnderwayThe recent breakout trade in EURAUD issued last week has now hit its target at 1.6163 following a sharp move higher across recent days. EUR has seen a stark shift in sentiment following a hawkish surprise at the February ECB meeting last week which saw ECB governor Lagarde altering her language around rate […]
• Chevron broke long-term resistance level 133.20 • Likely to rise to resistance level 140.00 Chevron continues to rise strongly after the earlier breakout of the long-term resistance level 133.20 (previous yearly high from the start of 2018). The breakout of the resistance level 133.20 coincided with the breakout of the resistance trendline of the […]
• EURCAD reversed from resistance level 1.4645 • Likely to fall to support level 1.4400 EURCAD currency pair recently reversed down strongly from the key resistance level 1.4645 (which has been reversing the price from May of 2021). The resistance zone near the resistance level 1.4645 was strengthened by the upper daily Bollinger Band. EURCAD […]
Donations to support Julian Assange’s fight for freedom have been poured in over the weekend. 3406 Total views 222 Total shares A decentralized autonomous organization (DAO) set up to support the liberation of WikiLeaks founder Julian Assange from prison has raised 12,569 Ether (ETH) or around $38.8 million at current prices. Assange is currently fighting […]
Shares of Chegg Inc. CHGG, +3.65% rallied more than 10% in the extended session Monday after the education technology and student services company reported fourth-quarter earnings well above Wall Street expectations and said it ended the year well despite COVID-19 uncertainty. Chegg said it earned $24 million, or 15 cents a share, compared with $26 […]
