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Paypal Beats Earnings Forecasts Again Shares in iconic payment processing provider Paypal are tanking this week on the back of the company’s Q4 earnings. Shares are now down around 12% from last week’s YTD highs. The fall comes despite Paypal earnings falling near enough in line with expectations. EPS came in above forecasts at $1.24 […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential to recent swing low TypeBearish momentum Preference:Looking at the H4 chart, my overall bias id bearish as there is a descending trend line, Looking for sell entry at1.34512. […]

Oil prices rebounded on Friday to the highest level in 10 days on reports that Russia is going to voluntarily cut crude oil output. The news increased anxiety about potential market deficit especially if global demand recovery will accelerate in 2023. Brent benchmark traded near $87/bbl, WTI oil price gained 2%, advancing to $80/bbl. The […]

Shares of the Asia-Pacific region were trading mostly in the red today, taking over the bearish baton from the American session on Thursday. The US Dollar Index (DXY) rose to 103 amid a decline in risk appetite, EURUSD and GBPUSD struggle to defend 1.07 and 1.21 levels respectively. The crypto market also collapsed. The main […]

EURUSD, “Euro vs US Dollar” The currency pair has completed a correction to 1.0790. Today the market is developing a new structure of decline. A link of decline to 1.0690 is expected, followed by growth to 1.0740 and a decline to 1.0655, from where the wave might extend to 1.0610. The goal is local. GBPUSD, […]

Brent On H4, Brent quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI is testing the support level. As a result, a bounce off 5/8 (82.81) downwards is expected, followed by falling to the support level of 4/8 (81.25). This scenario can be cancelled by rising over the resistance […]