Day: May 18, 2022
Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]
Type: Bullish RiseKey Levels:Resistance: 1281’6Pivot: 1240’6Support: 1216’4Preferred Case:With price above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1281’6 in line with the horizontal swing high resistance from our pivot at 1240’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot […]
GBPAUD On WatchPrice action in GBPAUD is starting to look interesting here to the long side. Following the failed breakdown below 1.7218, with price instead reversing higher from a strong double-bottom formation, the pair is now holding in a tight block of consolidation, capped by the 1.7811 level. The retail long position has shrunk significantly […]
Dentsply Sirona Inc. XRAY, +1.86% said Wednesday it has received a written notification from the Nasdaq exchange warning that it is no longer in compliance with listing rules because it has not yet filed its quarterly 10-Q report with the Securities and Exchange Commission. The maker of dental products and technology said last week the […]
Shares of Target Corp. TGT, -1.41% plunged 21.1% toward a 14-month low in premarket trading Wednesday, after the discount retailer reported fiscal first-quarter profit that fell well short of expectations, even as sales rose above forecasts, as cost of sales jumped. Net income for the quarter to April 30 dropped to $1.01 billion, or $2.16 […]
Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum are “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword,” given that Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance […]
The New York City health department raised its COVID-19 alert level to high from medium on Tuesday, and said it now advises all New Yorkers to wear a mask in indoor public settings. “People who are older than 65 or otherwise at a high risk of severe illness from COVID-19 should also wear a mask […]
Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” 1050 Total views 48 Total shares Birgit Rodolphe, executive director at Germany’s Federal Financial Supervisory Authority (BaFin), has called for innovative and uniform regulation of the decentralized […]
EURUSD, “Euro vs US Dollar” After finishing the ascending wave at 1.0412 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to extend the correction up to 1.0562; right now, it is forming the first descending impulse towards 1.0495. Later, the market may break this level and […]
Type: Bullish BounceKey Levels:Resistance: 225.40Pivot: 221.95Support: 219.75Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price […]