News
Target Misses Earnings Again US retail giant Target saw its shares plunge lower at the open yesterday as traders digested a dismal set of Q3 earnings. Target reported an EPS of $1.54, well below the $2.16 the market was looking for. Revenues were slightly higher, at $26.51 billion vs $26.40 billion forecast. The report marks […]
Gold broke the resistance at the level of 1735.00 and a very strong downtrend denoted by the blue line on the monthly timeframe. Currently, the asset’s price is trying to pull back to the broken trendlines. However, gold is likely to pull from the broken level and downtrend and jump. So, let’s observe what will […]
• France 120 reversed from resistance level 5100.00 • Likely to fall to support level 5000.00 France 120 index recently reversed down from the pivotal resistance level 5100.00 (which has been stopping the index from the end of March) intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , which is marked by the 78.6% Fibonacci Fibonacci line. Alternative […]
Daily Market Outlook, November 17, 2022 “Risk sentiment remains subdued as US yields firmed overnight, leading Asian equity markets lower. Fed speakers showed little signs of pivoting from the party line of higher rates for longer, their robust defense of their stance on rates was supported by another set of decent retail sales data, suggesting […]
XAUUSD, “Gold vs US Dollar” At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair is following the signal, forming another correctional wave. The goal of the pullback might be 1742.50. After a test of the support level, the price may bounce off it and continue the uptrend. However, […]