USD/CAD struggles to defend 1.2600 as Ukraine-Russia crisis favors oil buyers USD/CAD remains pressured around two-week low after declining for the last four days. Geopolitical tussles between Russia and Ukraine recently escalated over Mariupol. WTI crude oil consolidates two-week losses as news from Saudi oil plants joins Ukraine-Russia headlines. Qualitative...
#HelloFresh - my BUY ENTRY: 41.00 EUR TARGET: 52.00 EUR (+27% profit) STOP: 32.90 EUR HelloFresh has forecast revenue growth of 20 to 26 percent in 2022. Last week, there was a reversal at the important support line, triggered by recent insider buying. Nevertheless, the stock remains under pressure, so only a short-term recovery can be targeted. The support...
EUR/USD has preserved its recovery momentum after Fed's policy announcements. Euro could continue to push higher in case 1.1050 turns into support. A negative shift in risk mood could limit the pair's upside. EUR/USD has regained its traction after dipping below 1.1000 with the immediate reaction to the US Federal Reserve's policy announcements. The pair...
#Inditex - Conviction BUY (long-term) ENTRY: 21.00 EUR TARGET: 29.50 EUR (+40%) STOP: 17.60 EUR Inditex is one of the largest textile companies in the world, based in Arteixo / Galicia (Spain). Inditex specializes in the design, manufacture and distribution of clothing and accessories for men, women and children. Zara is the best-known brand of the group, which...
USD/CAD rebounds from two-week low, inches back closer to mid-1.2600s amid stronger USD USD/CAD reversed an intraday dip to sub-1.2600 levels, or over a two-week low. Resurgent USD demand turned out to be a key factor that extended some support. Steady oil prices, upbeat Canadian data underpinned the loonie and capped gains. The USD/CAD pair built on its steady...
Modest USD strength prompted fresh selling around gold on the last day of the week. The Fed’s hawkish outlook was seen as a key factor that assisted the USD to gain traction. A generally weaker risk tone extended some support to the safe-haven precious metal. Gold witnessed some selling during the Asian session on Friday and for now, seems to have stalled its...
EUR/USD wanes back under 1.1100 but still holds on to solid post-Fed policy announcement gains EUR/USD has been waning from earlier session highs in recent trade and is now back below the 1.1100 level. Since Wednesday’s Fed hawkish policy announcement, EUR/USD has gained about 1.0%, flummoxing some analysts. Markets seem to currently be being driven by “hopes”...
EUR/USD: At risk of falling to 2020 lows at 1.0635/40 despite shift in EU and ECB coordination – Westpac European Central Bank's (ECB) hawkish taper twist suggests that it will act on a “whatever it takes” basis to contain inflation and so EUR may find sound support if the Ukraine conflict is contained. However, a spike towards 2020’s 1.0635/40 low cannot be...
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Federal Reserve chair Jerome Powell is expected to announce the first in a series of 0.25% interest rate hikes at tomorrow’s FOMC meeting. According to market thinking, this will be the first of seven quarter-point hikes this year with four more expected in 2023. These expectations have boosted the value of the US dollar over the last few weeks and traders will be...
GBP/USD has struggled to extend rebound beyond 1.3050. Risk-averse market environment caps the pair's upside on Tuesday. Sellers could take action in case pound drops below 1.3000. GBP/USD has staged a rebound after having tested 1.3000 support but has struggled to preserve its bullish momentum. The pair clings to modest daily gains below 1.3050 in the early...
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Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If...
Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If...
Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If...