Category: Technial Analysis

Netflix -25% Pre-MarketShares in US streaming giant Netflix are trading down by around 25% ahead of the US open today. Sentiment turned heavily bearish for Netflix in response to its Q1 earnings release yesterday which saw the platform reporting its first net-loss in subscribers for a decade. Netflix had offered guidance for subscriber growth of […]

• NZDUSD reversed from support level 0.6735• Likely to rise to resistance level 0.6850 NZDUSD currency pair recently reversed up from the key support level 0.6735 (the former monthly low from March), strengthened by the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from February. The upward reversal from the […]

• S&P 500 reversed from support level 4400.00• Likely to rise to resistance level 4500.00 S&P 500 index recently reversed up from the support level 4400.00 (the former monthly low from March) intersecting with the 61.8% Fibonacci correction of the upward impulse (1) from January. The upward reversal from the support level 4400.00 created the […]

GBPUSD remains under pressure; the Pound sterling is taking any opportunity to reach stability. The British Pound is taking severe damage from the USD attack and is using every single opportunity to recover. The current quote for the instrument is 1.3023. The lack of any important macroeconomic data from the United Kingdom makes the “greenback” […]

EURUSD managed to recover a little bit after plummeting last week.  The major currency pair reached stability after plunging earlier. The current quote for the instrument is 1.0809. Last week’s low was 1.0756. The currency market remained calm yesterday after the Easter holidays and investors were slowly getting back to their normal style of life […]

CIBCFX Flows$YEN pushed above 127.00, a level that held well over the North American session, it may have been a small barrier option. Move up was believed to be caused by Fed Res Bullard’s remark that we shouldn’t rule out rate increases of 75 bps. Bullard is a voter this year and considered the most […]

Daily Market Outlook, April 19, 2022 Overnight Headlines Russia Unleashes Offensive On Ukraine, Ushering In New Phase Fed’s Bullard: A 75 Basis-Point Hike Could Be Option If Needed Yellen To Attend G-20 Sessions As US Retreats On Boycott Idea Goldman Sachs Sees US Recession Odds At 35% In Next 2 Years Macron’s Lead Over Le […]

NZDCAD Selling OffThe NZDCAD breakdown through .8553 has hit its first target at .8475. With oil prices rallying again recently, CAD has seen better demand. This has also come amidst recent hawkishness from the BOC, which raised rate by .5% last week, creating a strong backdrop for a higher Canadian Dollar. With both MACD and […]

Risk Appetite Weaker as Growth Concerns Take HoldGlobal equities indices have started the week on a softer footing as investors continue to show risk aversion. As traders in Europe return to their desks after the Easter holidays, uncertainty around the ongoing conflict in Ukraine remains the biggest headwind for asset prices. Alongside this, we are […]

AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 4/8, break it, and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the […]