Day: August 25, 2022
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it to indicate a possible ascending tendency. In this case, the pair is expected to rebound from 6/8 and resume growing towards the resistance at 8/8. However, this scenario may be […]
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough […]
Open Text Corp. OTEX, +0.08% shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus MFGP, +0.97% at a valuation of $6 billion. Open Text said it would pay 532 pence for each share of Micro Focus, roughly double the stock’s closing price on the London […]
President Joe Biden plans to travel on Sept. 9 to Licking County, Ohio, to deliver remarks about the CHIPS and Science Act and 2021’s bipartisan infrastructure law during a groundbreaking ceremony for a new Intel semiconductor manufacturing facility, according to the White House. Intel INTC, +3.04% in June delayed the groundbreaking ceremony for the plant, […]
Oil futures on Thursday posted their first loss in three sessions. Saudi Arabia has suggested that OPEC could decide to cut production if an Iranian nuclear deal is reached, as an agreement would lift Western sanctions and ultimately see additional oil barrels come onto the global market, said Tyler Richey, co-editor at Sevens Report Research. […]
The Dow and S&P 500 booked their best day of gains in about two weeks on Thursday as investors looked forward to hearing from the Federal Reserve’s Jerome Powell on Friday at the annual Jackson Hole, Wyo. economic gathering. The Dow Jones Industrial Average DJIA, +0.98% rose about 322 points, or 1%, ending near 33,292, […]
Type: Bullish Rise Key Levels:Resistance: 1.05075Pivot: 1.04215Support: 1.03405 Preferred Case:On the H4, with the price moving within the ascending trendline and pullback from the trendline, we have a bullish bias that the price may rise form the pivot at 1.04215, where the 23.6% fibonacci retracement and overlap resistance are to the 1st resistance at 1.05075, […]
Type: Bullish Rise Key Levels:Resistance: 13781Pivot: 13383Support: 13004 Preferred Case:With the price breaking the descending trendline and DIF line is crossing above the signal line in MACD , if the price could break the pivot at 13383, we could have a bullish bias that the price may rise to the 1st resistance at 13781, where […]
Hospitalizations for cannabis poisoning of children zero to nine years old in Canada increased after adult use cannabis sales began in late 2018 and again after 2020 when edible cannabis products became legal in every province except Quebec, according to a study published Wednesday by the New England Journal of Medicine. During the roughly seven-year […]
Shares of Plug Power Inc. PLUG, +7.85% rose 6% in morning trading Thursday after the hydrogen fuel-cell company announced a deal to supply Amazon.com Inc. AMZN, +1.86% to provide liquid hydrogen to the retail giant starting in 2025. Plug Power and Amazon have had deals in place related to fuel cells used in forklifts at […]
