GBPUSD extended its downside movement from 1.3381 to as low as 1.3003. Deeper decline to test 1.2960 support is possible after consolidation, a breakdown below this level would aim 1.2850 area. Resistance is at the falling trend...
EURUSD broke below 1.1390 support, suggesting that consolidation for the uptrend from 1.1176 is underway. Range trading between 1.1335 and 1.1448 would likely be seen in the coming days. As long as 1.1335 support holds, the upside...
XLK Pattern Suggests New Highs on the Horizon After a 24.5%, 7-wave, decline from the $76.27 peak of 10/3/2018, XLK appears to be showing signs of a bottom. This technology ETF, XLK, is now showing a clear...
After repeated rebuke by President Trump, the Fed has completely capitulated. Following the two-day meeting, the Fed has scaled back their projected interest rates rise to zero this year. This reflects the concern about slowing economic growth,...
USDCAD is facing 1.3250 support, a breakdown below this level could trigger another downside movement towards 1.3150. Key resistance is at 1.3370, only break above this level would indicate that the downtrend from 1.3467 is complete.
USDJPY broke below the lower border of the triangle pattern on the 4-hour chart. Deeper decline could be expected in the coming days and next target would be at 109.50 area. Resistance is at 111.20, as long...
AUDUSD broke above 0.7119 resistance and extended its upside movement from 0.7003 to as high as 0.7168. Further rise could be expected in the coming days and next target would be at 0.7200 area. Near term support...
GBPUSD broke below 1.3184 support, suggesting that the upside movement from 1.2960 had completed at 1.3381 already. Further decline could be expected in a couple of days and next target would be at 1.3000 area. Resistance is...
EURUSD extended its upside movement from 1.1176 to as high as 1.1448, breaking above 1.1419 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1390,...
Chipotle Mexican Grill (NYSE: CMG) is an American chain of fast casual restaurants which has 29 locations outside of the United States. Last month, the company announced fourth-quarter sales, revenue, and earnings growth that topped Wall Street’s expectations. The...
