News
Shares of Walt Disney Co. DIS, -2.34% slumped 2.3% in afternoon trading, putting them on track for the lowest close in 17 months, after Florida lawmakers reportedly approved a bill to end a special tax district allowing the media and entertainment giant to govern the land housing its theme parks. Also weighing on Disney’s stock […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the correction at 1.0860; right now, it is consolidating below this level. Possibly, the pair may expand the range up to 1.0870 and then start a new decline with the target at 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correctional structure at 1.3070, […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to break 4/8 and then continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if […]
AUDCAD Sitting on Key LevelPrice action in AUDCAD has piqued my interest here. Following the latest failed attempt at breaking out above .9391/.9474, price has since broken through the rising trend line from YTD lows. For now, we are sitting atop support at the .9262 level. However, with the retail market currently around 65% long, […]
Type: Bearish DropKey Levels:Resistance: 105.59Pivot: 104.39Support: 100.38Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially reverse off from our pivot level of 104.39 in line with 50% Fibonacci retracement towards our 1st support at 100.38 which is in line with 50% Fibonacci retracement and horizontal swing low support […]
• CADCHF under strong bullish pressure• Likely to rise to resistance level 0.7700 CADCHF currency pair is under strong bullish pressure after breaking through the major resistance level 0.7500, which has a long history of reversing this pair. The breakout of the resistance level 0.7500 accelerated the active impulse waves 3 and (3) which then […]