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Type: Bullish Rise Key Levels:Resistance: 891.7Pivot: 870.5Support: 850.3 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 870.5 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , […]

Type: Bullish Rise Key Levels:Resistance: 131’06’0Pivot: 130’00’0Support: 128’12’0 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 130’00’0 where the pullback resistance is. Once there is upside confirmation that price has broken the pivot , we would expect bullish momentum […]

The Federal Trade Commission has sued Facebook parent company Meta Platforms Inc. META, +6.55% to block it from acquiring virtual-reality company Within Unlimited. In a statement, FTC Bureau of Competition Deputy Director John Newman said, “Instead of competing on the merits, Meta is trying to buy its way to the top. Meta already owns a […]

This report has been updated to correct the nature of the vote. The U.S. Senate on Wednesday advanced a microchips and science bill to a final vote, with 64 senators voting in favor and 33 in opposition. The measure, which provides $52.7 billion for the chips industry, could get signed into law in a matter […]

XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be the support level at 1685.50. At […]

USDJPY, “US Dollar vs. Japanese Yen” On the H4 chart, after breaking 8/8, USDJPY is no longer trading within the “overbought” area. In this case, the price is expected to test the resistance at 8/8, rebound from it, and resume falling and reach 6/8. However, this scenario may no longer be valid if the price […]