Latest Market News
EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 0.9997 along with the correction up to 1.0121. Possibly, today the pair may form a new descending structure towards 0.9975 and then start another correction with the target at 1.0220. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is consolidating around 1.1878 and […]
Published: July 14, 2022 at 2:30 p.m. ET Shares of Costco Wholesale Corp. rallied 3.7% in afternoon trading Thursday, enough the pace the S&P 500’s gainers, after Deutsche Bank upgraded the membership-based warehouse retailer, as recent upbeat monthly sales data supported a bullish stance. The stock, which was on track to close at a two-month […]
Type: Bearish Momentum Key Levels:Resistance: 0.007362Pivot: 0.007296Support: 0.007126 Preferred Case:On the H4, with price moving below the ichimoku cloud and in a descending trend channel and trendline, we have a bearish bias that price will continue to drop from the pivot at 0.007296 in line with the pullback resistance, 61.8% fibonacci projection and -27.2% fibonacci […]
Type: Bearish Momentum Key Levels:Resistance: 3.7979Pivot: 3.5345Support: 3.1892 Preferred Case:On the H4, with RSI moving along the descending trendline and price moving along the descending trendline, we have a bearish bias that price will drop to the pivot at 3.5345 where the 61.8% fibonacci retracement and pullback support are. Once there is downside confirmation of […]
• Gold broke pivotal support level 1725.00 • Likely to fall to support level 1684.00 Gold recently broke below the pivotal support level 1725.00 (former multi-month support from last September). The breakout of the support level 1725.00 is aligned with the clear downtrend that can be seen on the daily charts. Gold can be expected […]
• Citibank under bearish pressure • Likely to fall to support level 42.00 Citibank under the bearish pressure after the price broke below the strong support level 45.25 (which has been steadily reversing the price from the middle of May). The breakout of the support level 45.25 should accelerate the active minor impulse wave (iii) […]