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The technical figure Rising Wedge can be found in the French company Carrefour (CA.pa) at daily chart. Carrefour is a French multinational retail corporation headquartered in Massy, France. The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores, and convenience stores, which as of January 2021, comprises its...

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Hawkish commentaries from ECB continue to devalue the European common currency, which provides a little support for the EUR. On the opposite attitude is SNB, which would prefer more stable and stronger CHF. EURCHF broke the support of the bearish flag formation, which might indicate a continuation of the bearish movement for the instrument. If this scenario...

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2022 is not a typical year for the WHEAT. Not only it is a staple food for a big portion of the population, but after the beginning of the Ukrainian-Russian conflict, the supply of the commodity in Europe and other parts of the world is less than secure. It is expected Russia to use the wheat as a political weapon against countries that oppose its actions. That...

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After its depreciation in the previous week to the USD, the British Pound is reversing its direction, following the statements from BoE that the inflation is expected to reach 10%, also rising food prices are a big worry. GBPUSD broke down the resistance of the falling wedge on the 4H graph indicating a bullish direction of the currency pair. If this trend...

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Affirm Shares Surge on Q3 Beat. Affirm Holdings Inc shares surged 29% after-hours following the company’s Q3 results, with EPS of -$0.19 coming in better than the consensus estimate of -$0.53. Revenue grew to $354.8 million, compared to the consensus of $344.03 million In addition, the company announced an extender partnership with Shopify. We have 3 major...

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New selloffs for Walt Disney Company after the Q1 miss, reported on Wednesday. The company reported $1.08 in adjusted earnings per share, the forecast was for $ 1.19 The next support level is located at $79. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any...

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Q1 miss and forecast for a lower revenue growth led to new selloffs and a 15% day drop for Shopify. The Canadian company lost more than 80 % from its peak in November 2021. $300 is a key level for Shopify if a breakout occurs drop to $180 will be inevitable. On the other hand, the $300 level may be a good positioning opportunity for a short-term bullish scenario...

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The Covid 19 crisis hit the cruises companies hard but after the re-opening of the worldwide economy the crowd Is back, and the demand is near to the pre-pandemic levels. Considering the fact that Norwegian Cruise Line is the third-largest cruise line in the world by passengers it is worth adding it to our portfolio. From a technical perspective, the price is...

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Palantir Technologies is scheduled to announce Q1 earnings results on Monday, May 9th, before the market open. The consensus EPS is $0.04 and the Revenue Estimate is $443.51M. On the chart, we see a breakout of the support level, but the earnings report will give us a confirmation of whether the breakout is real or fake. Worse than expected results will push PLTR...

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The technical figure Triangle can be found in the French company Airbus SE (AIR.pa) at daily chart. Airbus SE is a European multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide and manufactures aircraft in Europe and various countries outside Europe. The company has three divisions: Commercial...

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The technical figure Falling Wedge can be found in the US company Citigroup Inc. (C) at daily chart. Citigroup Inc. or Citi (stylized as citi) is a US-American multinational investment bank and financial services corporation. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is...

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The technical figure Triangle can be found in the German company Bayerische Motoren Werke AG (BMW.de) at daily chart. Bayerische Motoren Werke AG, commonly referred to as BMW, is a German multinational corporate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Automobiles are marketed under the brands BMW, Mini and...

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The technical figure Triangle can be found in the Swiss company Novartis International AG (NOVN.vx) at daily chart. Novartis International AG is a Swiss multinational pharmaceutical corporation based in Basel, Switzerland. It is one of the largest pharmaceutical companies in the world. Novartis manufactures the drugs clozapine (Clozaril), diclofenac (Voltaren;...

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The technical figure Triangle can be found in the Belgium company Ackermans & van Haaren (ACKB.br) at daily chart. Ackermans & van Haaren (often abbreviated as AvH) is a diversified group operating in four core sectors: Marine Engineering & Contracting (DEME, one of the largest dredging companies in the world - CFE, a construction group with headquarters in...

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After passing the 2000 USD barrier two weeks ago, the gold is steadily declining. This decline is mostly fueled by the increasing value of the US dollar, which is due to the expectations that the Federal Reserve will keep increasing rates. Both MACD and RSI indicators are showing a continuation of the bearish move of the yellow metal. The support that was build...

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Both WTI and BRENT Crude Oil benchmarks rose in price on Tuesday (26th of April) after China announced that it will support its economy in case of a lockdown and the fears of diminishing demand have been eased. If the rally continues it will most likely test its previous high at 109.5, in the opposite scenario, the price might test its support at 99.3 MACD and...

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FTSE might be headed for correction after slowed down growth among supply problems due to the war in Ukraine and the COVID outbreak in China, which is pushing up costs to a levels last seen in 1970s. FTSE will most likely drop to its previous low of 7339 and from there it might try to test its previous low of 7050. If it decides to reverse, it will most likely...

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The GBP/JPY pair displays a modest bounce in early Tokyo after a correction to nearly 166.43 on Wednesday. The cross lost strength after hitting a multi-year high of 168.43 amid broader weakness in the Japanese yen. The pound bulls are performing strongly against the yen from a longer-term perspective, led by higher expectations of a tight policy stance by the...