The technical figure Channel Down can be found in the daily chart in the US company Swiss Re (SREN.vx). Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is one of the world's largest reinsurers, as measured by net premiums written. Swiss Re operates through offices in more than 25 countries and...
XAGUSD is in the process of formatting a rising wedge pattern on the daily graph which might give a bullish momentum for the instrument in the next couple of days. The weakening of the dollar is also making investments in precious metals more desirable for the investors. RSI indicator is strongly confirming the outlook, being above the 50 neutral line, the...
Crude Oil benchmark WTI broke its previous established support at 81.75 and continued its downtrend through Wednesday after G7 talk for implementing a price cap on Russian supply. The mark cap of 65-70 USD per barrel was higher than the market expected, which elevate some of the fears of supply distribution of the oil. Another positive news for the global oil...
US dollar stopped its gain and reverted against the most major currencies. On the 4H graph against Canadian dollar, the instrument managed to break the support of the forming uptrend channel and started reverting into downturn. MACD histogram indicator is confirming this downtrend, the RSI fast moving line is already below the 50 neutral line, but with clearly...
NGAS prices started rising on Monday after a cold wave engulfed the European continent, testing its ability to coupe with the cold weather without its main natural gas supplier Russia. The instrument broke the resistance levels of the triangle chart pattern entering into a bullish movement. RSI indicator is above the 50 neutral line and MACD histogram is above...
Japan is currently facing an inflation high not seen in 40 years. The weak yen and the increased cost of foreign supply for industrial commodities and manufacturing parts are slowing down the economy of the country. On the technical front the index has broken the support of the triangle pattern and a bearish move might be expected. RSI indicator is heading below...
NGAS - As observed in previous heating seasons across EU, US, and Central Asia, there is a strong possibility of raising the demand for Natural Gas, instabilities in delivering, producing, and trading the blue fuel may soon lead to a not-so-cheerful holiday season in the EU and the UK. Panic is raising and if Russia decides to continue cashing on that fear, we...
Good potential funnel at the beginning of formation on the daily chart. XRP has been showing positive sentiment compared to other crypto rivals in the past couple of months, recovering faster, dipping lower, etc. Nearing SEC vs Ripple LABS case "season finale", ripple is resuming collaboration that was set on hold during the case development, which itself is a...
SAXO:USDCHF One of the fundamental pair to trade, a great indicator due to the independency and stability of the Frank. What we can observe on the 4H chart is tilt, not completed head and shoulders formation with proportional arms. The third peak has clearly bounced off the support line cross with the figure baseline. Risk Disclosure: Trading Foreign Exchange...
OANDA:EURUSD The hot topic on the markets, will it keep the trend reversal by seeking a channel or break the resistances at 1.0350 or check the par once again around EU Interest, purely chart reading suggests that channel, once again the traders are those who drive the boat and may change direction at any time regardless of the wind. December is coming, keep in...
NASDAQ:TSLA is underperforming in the past couple of months after the split, and clear channel movement formed. Test, brake, retested, short-term recovery in channel ranges. Pattern and channel trading is based on historical movements, and should not be taken as a "concrete" indicator for price projections or predictions. Risk Disclosure: Trading Foreign...
Shares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market. The performance of the stock was mixed when compared to some of its competitors In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located...
The Affirm`s downtrend seems unbreakable. The price has already reached an all-time low, and the next logical support is the psychological level of $ 10. Worries over the macro's impact on the financial model, especially the deteriorating consumer credit profile combined with lowered fiscal 2023 outlook on gross merchandise volume to a range of $20.5 billion to...
Disney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B. One of the reasons for the worse results is the additional spending to grow their streaming services. Although...
On Thursday the cloud-based data storage company reported fiscal fourth-quarter results that exceeded Wall Street analysts forecasts, and it topped $2 billion in annual sales. The reported Q3 EPS of $0.43, $0.05 better than the analyst estimates of $0.38. Revenue for the quarter came in at $591 million versus the consensus estimate of $586.15 million. The...
Tough times for Adobe and its investors. The software giant is facing the biggest stock decline in years. The price already reached the COVID-19 bottom and it looks like this is not the end. The rapid lifting of the interest rates by the central banks means more reduction in consumer demand and lesser price increases. In the near term, sales and profit margins are...
The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate &...
The technical figure Triangle can be found in the daily chart in the Italian company Atlantia SpA (ATL.mi). Atlantia SpA (formerly Autostrade) is an Italian holding company active in the infrastructure sector, including motorways, airport infrastructure and transport services. The group manages 9,400 km (5,800 mi) of toll motorways, Fiumicino and Ciampino airports...