- Mon, 28 Oct 2024 22:10:54 GMT
IAG surge aims at 250.00
IAG or International Airlines Group is the result of the merger between British Airways and Iberia Airlines. Namely, the top UK and top Spanish airlines merged into one entity, before buying up even more airlines. In general, the firm has been recovering since late 2022, when in the aftermath of COVID the stock price reached below the 100
- Mon, 28 Oct 2024 21:52:22 GMT
Sunac Holdings gets boost from stimulus
Sunac Holdings. In general, the firm is a major property developer. The stock of the firm was valued at 50.00 HKD, before the COVID pandemic and the follow-up 2020-2023 Chinese property crisis. During the crisis, the sector experienced a major decline, as the Chinese economy did not only slow down, but its real estate sector was hit by
- Mon, 21 Oct 2024 18:12:07 GMT
USA500 stocks confirm high level as support
The US stock index continues higher. In the meantime, note that it has confirmed the prior 2024 high level as support, together with the 5,700.00 mark. Moreover, it appears that the equities have the support of a potential channel up pattern. It can be drawn by connecting the August and September low levels and setting the parallel line at
- Mon, 21 Oct 2024 17:58:35 GMT
German stocks aim at 20k
Since the market sell off that occurred at the end of July and start of August, the German top stock index has gained more than 15.00%. Namely, the index found support in the range that surrounds the 17,000.00 mark and started a major surge. The surge overextended itself near 19,000.00 and a consolidation occurred. However, on a third attempt,
- Tue, 15 Oct 2024 12:46:50 GMT
USD/CAD surge reaches 1.3850
The surge of the US Dollar that started against the Canadian Dollar in early October has managed to breach the 50 and 200-day simple moving averages and the 1.3600 mark. Most recently, the pair has hit the early 2024 high level range near 1.3850. A move above the 1.3850 level is expected to be slowed down by the 1.3900 mark,
- Tue, 15 Oct 2024 12:41:04 GMT
NZD/USD bounces off 0.6400
In September, the surge of the NZD against the US Dollar continued on, as the rate eventually reached the 0.6370/0.6410 zone. This range held, and a decline followed at the start of October. By mid-October, the rate appeared to have slowed down near 0.6100. A continuation of the currency pair is set to look for support in round exchange rate
- Tue, 15 Oct 2024 12:06:39 GMT
Tron reaches 2021 price levels
While most cryptocurrencies have been in a cooldown mode, few cryptocurrencies have seen steady performance in price action. One of which is TRON (TRX). Tron has reached market capitalization over 13.5 billion dollars. Overall Year to Date TRX gains have reached over 50%, as well outperforming BTC by 4.2% year-to-date. Tron has found support of 0.14868 which has been a resistance
- Tue, 08 Oct 2024 12:55:37 GMT
AUD/USD declines after touching 0.6950
The AUD/USD pair managed to break the 0.6870/0.6900 zone. However, as the pair was confirming the range as support, the better than expected US employment data was published. The news are the catalyst of an ongoing sharp decline of the rate. The ongoing decline of the currency pair might find support in the combination of the 200-day simple moving
- Tue, 08 Oct 2024 12:32:39 GMT
Tech stocks confirm support at 18,500.00
Since the last review of the US tech stock index on August 27, the index declined until it confirmed the 18,500.00 level as support. The event was followed by a recovery. By late September, the recovery had managed to break the resistance of the 20,000.00 mark. In the near term future, the index could reach the all-time high level range
- Tue, 01 Oct 2024 13:44:57 GMT
USD/CAD ignores the 1.3500 mark
The decline that was described on August 20 continued on until the end of the month. The lowest level the pair reached was the 1.3450 level. This level provided enough support for the USD/CAD to break the resistance of the 1.3470/1.3510 zone and the range near 1.3600. However, the surge ended at the combination of the 50 and 200-day
- Tue, 01 Oct 2024 12:44:21 GMT
EUR/JPY bounces off resistance
During the first half of September, the EUR/JPY ate declined and found support. However, support was not found in the 153.20/154.65 range, but higher above. The pair rebounded from the 155.25/155.50 range. After the event, the pair returned to and tested the 163.70/165.50 zone, which held and caused a retracement back down. An extension of the ongoing decline is set
- Tue, 24 Sep 2024 17:54:40 GMT
USD/CHF remains above support range
As it was forecast in August, the USD/CHF currency pair has reached the support of the 0.8330/0.8435 range. Meanwhile, the rate remains in the channel down pattern. The big question now is which one of the two fails, the support zone or the descending channel. A move below 0.8330/0.8435 would result in the rate reaching levels not seen since the
- Tue, 24 Sep 2024 17:36:45 GMT
GBP/JPY faces 200-day SMA
At the start of September, the GBP/JPY currency pair encountered resistance in the 200-day simple moving average and declined below the support of the 190.00 mark. By the middle of the month, the rate found support at 183.70/184.40 and started a recovery. This week, the pair was back above the support of the 190.00 and was expected to soon
- Tue, 17 Sep 2024 12:09:24 GMT
USA500 stocks approach all-time high
The top 500 US stock index is once again heading to the all-time high level that was booked in July. In late August, a passing of this level failed, as the index bounced off the 5,655.00 mark. A move above the all-time high might face resistance in the form of the 5,700.00 mark. This level is bound to impact the
- Tue, 17 Sep 2024 12:01:55 GMT
NZD/JPY might return to low levels
In early August, the New Zealand Dollar found support against the Japanese Yen in the 2024 low level at 83.15. This event was followed by a recovery that eventually encountered resistance at 91.50/91.80. In September, the rate declined. The ongoing decline might reach the support of the 2024 low level at 83.15. If this level fails to hold, the
- Tue, 10 Sep 2024 11:44:24 GMT
NZD/CHF recovery encounters resistance
The New Zealand Dollar reached unseen lows against the Swiss Franc in early August. Although, the rate found support in the 0.4950 level, and started a recovery. However, at the start of September, the pair encountered resistance in the 0.5280/0.5335. The encounter was followed by a decline to the 0.5175/0.5200 range. In the near term future, the pair could
- Tue, 10 Sep 2024 11:22:37 GMT
AUD/CAD reveals a wide pattern
The AUD/CAD currency pair found support in early August near the 0.8850 level. This event was followed by a recovery that eventually reached and tried to pass above the 0.9200 mark. However, the surge failed and passed below the support of the 50-day simple moving average and the 0.9120/0.9135 range. By mid-September, the rate was heading to the 200-day
- Tue, 03 Sep 2024 06:50:47 GMT
EUR/JPY might not extend recovery
The EUR/JPY currency pair is closely resembling the same trends as USD/JPY. It offers a chance to trade the issues with the Japanese Yen without the risks from the US economy, but rather the European one. In general, the pair hit an all-time high at 175.00 in July. Afterwards, the Bank of Japan started to strengthen the Yen, which
- Tue, 03 Sep 2024 06:25:11 GMT
AUD/CHF faces major resistance
After finding support near the 0.5400 mark at the start of August, the Australian Dollar has managed to recover against the Swiss Franc. However, the ongoing recovery has stalled at the 0.5800/0.5825 range. Moreover, the pair faces more resistance above it. In the case of a surge of the rate, the pair would have to break the 0.5800/0.5825 zone and
- Tue, 27 Aug 2024 11:49:36 GMT
NZD/USD passes major resistance range
Recent talks and afterwards confirmation of upcoming US Dollar interest rate cuts have weakened the USD. On the NZD/USD charts it has been consistent with the rate bouncing off the support of the 0.5775/0.5850 range. By the end of August, the rate had recovered and broken the 0.6180/0.6220 resistance zone. A continuation of the ongoing NZD surge against the US
- Tue, 27 Aug 2024 11:20:18 GMT
US Tech stocks approach all-time highs
During July, bad economic data signalled that the US stock market might have overheated and a decline occurred. The culmination of the decline was the drop caused by US employment data on August 4. However, talks started in the markets about upcoming US rate cuts, which have been strengthened by confirmation from the US central bankers. Due to this
- Tue, 20 Aug 2024 20:58:08 GMT
USD/CAD returns to support range
The USD/CAD has returned to look for support in the 1.3585/1.3615 range and the 200-day simple moving average. The descent occurred in a narrow channel down pattern that could continue to guide the pair. A move below the support range is expected to look for support in the 1.3470/1.3515 zone. Further below, note the 1.3350 level that might stop a
- Tue, 20 Aug 2024 19:46:04 GMT
USD/CHF descends in channel pattern
The US Dollar has been declining in a channel down pattern against the Swiss Franc since the start of June. In early August, the currency pair found support in the end of 2023 low level range at 0.8330/0.8435. However, the recovery did not last, as after a brief recovery, the pair resumed the prior descend. In the near term future,
- Tue, 13 Aug 2024 14:12:56 GMT
GBP/JPY respects round levels
In general, the Bank of Japan tightens and the Bank of England reduces interest rates, which would mean that the trade is simple - JPY up and GPB down. However, due to the pair going down almost vertically. Eventually, it culminated in the pair reaching as low as 180.00, before a recovery started. In mid-August, the rate had recovered to