News
Sweetgreen Inc. SG, -11.34% reported mixed quarterly results late Thursday, and the stock rallied more than 20% after the fast-casual restaurant said it demonstrated “continued recovery from the pandemic” and benefited from higher prices for its salads and other health-minded meals. Sweetgreen said it lost $66.2 million, or $1.14 a share, in the fourth quarter, […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD is reversing and may form a new ascending impulse. In this case, the upside target may be the resistance area at 1.2700. However, an alternative scenario implies that the […]
European Forex news roundup: The euro continues to struggle in mixed trading. The atmosphere is tepid and uneven today, as the Russia-Ukraine conflict clouds continue to hang over markets. The upbeat tone from yesterday has faded, but there are no indications of larger concerns in the action thus far. European indices are mainly down, with […]
Oil prices hit a new high today – $116.50/bbl for WTI and $119.70/bbl for Brent. The last time the market saw such prices was in October 2008. The Ukrainian conflict is increasingly affecting oil exports from Russia, but surprisingly, this is not a result of sanctions targeting oil production or exports. Refineries reduced demand for […]
Type: Bullish continuationKey Levels:Resistance: 19.46Pivot: 18.78Support: 18.30Preferred Case:Prices are on bullish momentum. Prices might potentially move from pivot level of 18.78 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement towards the 1st resistance level at 19.46 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by […]
• CADCHF reversed from resistance level 0.7300• Likely to fall to support level 0.7250. CADCHF currency pair recently reversed down from the pivotal resistance level 0.7300 (which has been reversing the pair from the start of February). The resistance zone near the resistance level 0.7300 was strengthened by the upper daily Bollinger Band and by […]