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legacyFXofficial

The trend of NASDAQ seems to continue, despite a resistance that is forming around 13250 mark. The instrument had tried few times to breach it, and currently is trading above it, but the breach is still not significant and might revert. The technical indicators, though suggesting that NASDAQ still has steam to continues it upward movement, with RSI above the 50...

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WMG - Some controversy stirring the pot with one of WMG's biggest artists Ed Sheeran, according to the latest news Sheeran was found not guilty nor liable in the copyright lawsuit against him and eventually affecting the company-owned labels Asylum, Atlantic, Elektra. Potential recovery from that development combined with good earnings in the upcoming week could...

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META has a lot to recover to previous heights and has been doing well since November of 2022. The 380-level target is still far away, but the growth recovery rate is impressive for the past 6 months. Those typical for the stock earnings gaps might deliver father, due to the monetization model of all the platforms developed by the technological giant. Research...

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Fuel demand in Europe has been slow while consumption in China has been strong following the lifting of pandemic restrictions. BP's shares closed lower than 9% in London trading, their largest daily drop since the pandemic panic, after it said it would repurchase stocks worth $1.75 billion over the next three months, down from $2.75 billion in the past quarter....

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WTI - Is forming a good-looking triangle pattern with a complete range June 10-12, if completed we are looking for a HKEX:10 upwards movement till May 24-26 and a HKEX:4 correction to HKEX:82 levels before the conclusion of the figure. This strictly technical analysis requires some push and there is only one player that can possibly play that card and this...

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The latest price for BTCUSD is HKEX:29 ,292. It's up by 0.31% in the last 24 hours. 55% of days, the price of BTC closed above the opening. The maximum price ever recorded for one BTC is $67,505, it was 1 Year and a half ago, and currently, the price is down by -56.31% from that high. Movement upwards is more likely to be expected to fill some gaps. Trust in...

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The uptrend for Commercial Metals Company is still valid, but the re-test of the major support level is inevitable. The next price target is $ 41 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal...

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For Q1 2023, operating revenues are now expected to rise in the 21-23% range compared with the 20-24% year-over-year growth estimated earlier. However, LUV continues to expect a negative revenue impact in the $300-$350 million band in the first quarter of 2023, primarily limited to January and February, due to operational disruptions in December 2022. The...

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Boeing Co. is heading for a slight price correction before the Q1 earnings report. The company is expected to report satisfying results. The price target is located at the $ 190 resistance level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms...

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Earlier this month the company disclosed first quarter US deliveries rose 18% to 603,208 vehicles, with the automaker growing its US market share by an estimated 1.5%, the largest of any company in the industry, GM said. GM also reported record electric vehicle deliveries of 20,670, though most of those were for the Chevrolet Bolt EV and EUV — GM only delivered...

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Whirlpool Corporation is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio. WHR is slated to release first-quarter 2023 results on Apr 24, after the...

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The technical figure Falling Wedge can be found in the daily chart in the Swiss company The Swatch Group Ltd (UHR.vx). The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The Swatch Group is the world's largest watch company and employs about 36,000 people in 50 countries. The group owns the Swatch product line and other brands, including...

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The technical figure Channel Down can be found in the daily chart in the French company Legrand (LR.pa). Legrand is a French industrial group. Legrand is established in 90 countries and its products are distributed in nearly 180. It generates 85% of its sales internationally. The group has expanded its product range in sustainable development and energy saving...

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The technical figure Triangle can be found in the daily chart in the French company Schneider Electric (SU.pa). Schneider Electric SE is a French multinational company that specializes in digital automation and energy management. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation,...

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The technical figure Triangle can be found in the daily chart in the US company Altria Group, Inc. (MO). Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. Altria is the parent company of Philip Morris USA, John...

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The technical figure Triangle can be found in the daily chart in the US company JPMorgan Chase (JPM). JPMorgan Chase & Co. is an American multinational financial services company. It is the largest bank in the United States and the world's largest bank by market capitalization (as of 2023).The firm operates the largest investment bank in the world by revenue. The...

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Silver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after. Both MACD and RSI are confirming the bullish trend, and if it...

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Price boost and upward momentum on Raw Sugar, after India declared that a downward revision on its sugar cane crush. Being the second largest manufacturer of sugar in the world, this news had a positive effect on the price of the raw material. Both MACD and RSI are confirming the current trend. If it continues, the price might reach levels of 25.539 As a pivot...