Latest Market News
Shares of Okta Inc. OKTA, -2.90% dropped 4.3% in afternoon trading Thursday, putting them on track to close at a near two-year low, following a double downgrade by Raymond James analyst Adam Tindle. The downgrade comes on the heels of the announcement by the provider identity management services for businesses it was investigating a potential […]
USDJPY updating its 6-year highs; the “greenback” is in demand. The Japanese Yen dropped to the lows of December 2016 against the USD. The current quote for the instrument is 121.66. The “greenback’s” attack is too strong for the Yen to keep the balance. However, given the current circumstances, the weak JPY might still help […]
EURUSD is back to falling; investors are selling due to increased risks. The major currency pair found itself under pressure on Thursday. The current quote for the instrument is 1.0984. In the last 24 hours, risk aversion returned to global financial markets, including the currency one. There is an opinion that EURUSD might remain under […]
Type: Bearish ReversalKey Levels:Resistance: 19.89Pivot: 19.57Support: 19.09Preferred Case:Price is approaching our pivot level of 19.57 in line with 138.2% Fibonacci extension and 78.6% Fibonacci retracement. We see the potential for a bearish reversal towards our 1st support level of 19.09 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the stochastic […]
Type: Bullish RiseKey Levels:Resistance: 14870Pivot: 14090Support: 13466Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .Alternative Scenario:If prices were […]
• Nikkei 225 broke resistance level 27870.00• Likely to rise to resistance level 28765.00 Nikkei 225 index recently broke through the resistance level 27870.00 (which has been reversing the price from the middle of December). The breakout of the resistance level 27870.00 was preceded by the breakout of the 61.8% Fibonacci correction of the downward […]