The Euro has fallen against the US dollar through multiple support levels since collapsing below 1.11780 on 14th of August 2019. The pair still looks weak and could continue further down to around 1.10240 support.
However, the pair still holds its position above critical support at 1.10740 and within the price channel and could make a turn to the upside if it...
USD/JPY: US dollar attempts to push-through 106.405; major resistance at 106.730
The US dollar has been progressing to the upside since finding support for the second time at 105.770 in the previous five trading sessions.
The pair currently trades around 106.405 support and could continue to its next challenge at 106.730 if it holds above 106.405. Support is...
The US dollar kicks off the first trading session of the week from around last week closing price at1.32570 support which holds a critical support line created from the beginning of August 2019. The pair is still on an uptrend position following a price retracement from its previous highs at 1.133400; however, it needs to defend the current support level at...
The Australian dollar has been holding on to its defence line well since bouncing back at around 0.67000 at the beginning of this month August 2019.
The latest price action has shown some strength in its defence line at around 0.67452 support which prices bounced off in two occasions when it was tested towards the end of last week trading session.
The recent selloff with high volatility in the market created lots of trading opportunities in both directions of the market.
The Index latest pullback bounced twice at around a Fib technical support price point around 2850.00. The Index managed to close its Friday session 16-8-2019 at 2888.70 just above 2884.50 support. The Index must remain above the current...
FB- Facebook share prices have been on a downtrend since 25th July 2019, from 206.84 to its closing price on Friday 16-8-2019 at 183.70 a drop of about -11%.
FB share prices could fall further to around 175.98 if it fails to hold above 183.10 support.
A breakthrough around 185.00 to the upside could change the direction of the current trend and set its course...
CSCO dropped the ball on its latest earnings period ending July 2019 from 0.71 estimates to 0.51 resulted in its share prices depreciating further to 46.00 on 15th August 2019.
CSCO has been consistent with its earnings since April 2018 and the recent drop of its share prices to the current price level could attract long term investors to get in at the current...
AAPL - Apple recovered some of its losses from the recent selloff from the highs of 221.00 to 192.00. Share prices gapped up during the opening session on Friday 16-8 to 203.95 and managed to close above 205.57 support at 206.65, up by 2.36%. The next barrier is estimated at 209.00 followed by 212.90 and 215.60. AAPL shares need to remain above 205.57 to avoid...
MSFT shares bounced back after two days in the red. Share prices managed to break resistance at around 135.80 on Friday 17/8 session and closed at 136.11 up 1.82%. The next target is estimated at 137.00 followed by 138.30 and 139.75. MSFT shares could head down to 135.00 support if it fails to hold above the current support at 135.80
What is going on now with S&P 500 INDEX?
S&P 500 INDEX has reached its previous high before the last correction and is technically pointing to a pullback. The current data has produced a triple top price formation and a rising wedge price pattern in the four-hour price chart which is quite a strong prospect that the market could be heading south shortly.
What is going on now with ERP/USD?
XRP/USD has been consolidating between 0.31862 and 0.31575 for the past 24 hours in the 30 minutes price chart and is currently under pressure, just holding on above 0.31575 support which is a crucial price point to its future upside movements.
My thoughts on what may happen
XRP/USD needs to break the consolidation channel to...
CASA share prices dropped with a massive gap in today's opening trades and are currently attempting a breakthrough 8.22 resistance to the upside. If successful, then I expect resistance at around 8.85-8.64 for a short position with a target price at 8.22.
If it fails to hold above 8.22, then we could see a further drop to 7.81- 7.39
FARO shares gapped down in today's session and attempt to recover; however, through a technical point of view, shares would react to a certain point and retrace before making its next move. My estimate is at around 53.57 to 54.35. I expect to see some weakness around these areas which could present a short opportunity as marked on the 30 minutes price chart.
GE shares have breached 10.26 resistance price line in today's session and now attempts to push through 10.39.
A break above 10.39 could see share prices continue to 10.61
GE share prices could head down to retest 10.00 support price line if it fails to hold above 10.26
FB shares have been bouncing off the support trend line highlighted on the 30 minutes price chart for the past two trading session. Share prices could also head down to retest 190.00 support if it fails to hold at 192.00.
FB share prices need to break and remain above 195.00 to continue to 197.95. Share prices could also fall to 184.63 to close the price gap if it...
AAPL shares have bounced at the support trend line in the 30 minutes price chart at around 209.90 in today's opening trades following a price retracement in yesterdays session
AAPL shares need to break and remain above 213.00 to continue to 215.00.
AAPL shares could return to retest the support trend line marked on the chart if it fails to break at 213.00
MSFT shares kicked off today's session around 127.20 support price line after share prices fell below the support trend line and 128.99 towards the end of yesterdays session.
MSFT shares need to hold above 127.20 to head back up to 128.99 and 130.11
MSFT shares could head further down to 126.38 and 125.35 to close the price gap before heading back up.
BTC could be heading down towards the bottom of the 30 minutes price channel at 5685.40 after failing to hold above 5751.50 support now turned resistance.
The pair need to hold above 5751.50 to continue to 5795.90
5816.20 is another critical resistance point.