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Acacia Research Corp, controlled by activist hedge fund Starboard Value LP, confirmed late Monday it has offered to buy department store Kohl’s Corp. KSS, +36.02% for $64 a share in cash. The Wall Street Journal reported Acacia’s interest over the weekend, with Kohl’s confirming Monday that it had multiple proposals on the table. “In conversations […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 1/8. Still, this scenario […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, the asset is moving downwards. After forming a Harami reversal pattern not far from the resistance level, XAUUSD is reversing and may continue forming its correctional impulse. In this case, the downside target is the support area at 1830.00. At the same […]
Gold prices rose on Monday at the start of the week, as investors sought to cover the safe-haven metal against inflation risks and concerns over the dispute between Russia and Ukraine. This comes at a time when markets are waiting for signs of an interest rate hike from the US federal policy meeting this week. […]
Type: Bullish BounceKey Levels:Resistance: 0.73104Pivot: 0.71707Support: 0.71282Preferred Case:Price is abiding to the ascending channel, signifying an overall bullish momentum. We can expect price to bounce from pivot in line with 100% Fibonacci projection and ascending channel support towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the stochastic […]
Type: Bearish ReversalKey Levels:Resistance: 1.1419Pivot: 1.13683Support: 1.13097Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will from our pivot at 1.13683 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 1.13097, which is in line with horizontal swing low support.Alternative Scenario:Alternatively, […]