legacyFXofficial

legacyFXofficial

WTI prices remain highly volatile and highly responsive to the news following the russian invasion in Ukraine. After some progress in the peace talk between Russia and Ukraine in Istanbul, the price of WTI fell with 2% in Tuesday, but the situation there is far from over, so writing off some future rally due to new developments is out of the question. OPEC+...

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Natural Gas prices constantly fluctuate, depending on factors such as supply and demand, weather, and the viability of alternative resources. Natural Gas (NGAS) is popular as a traded asset due to its volatility, high liquidity, and reasonable spread. Separately, the United States was set to unveil a deal on Friday to supply Europe with more U.S. liquefied...

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GBP/NZD traded lower yesterday, but the slide was paused slightly above the 1.9030 territories, which has been providing decent support since March 7th. After this date , the price tested this support several times, confirmed it as strong support, and formed a triple bottom. Overall, the pair has been oscilating in trendless fashion between that barrier and the...

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EUR/USD traded on Friday, after hitting resistance on Thursday slightly above the downside resistance line taken from the high of February 10th. The slide found support near the round number of 1.1000, and then, the rate moved sideways but stayed below the downside mentioned above the line. It looks like the traders are ready for another round of selling if the...

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Although the Covid-19 pandemic had a major impact on many companies, Airbnb's financial results are more than good. The San Francisco, California-based company has an average target price of $ 205 based on 36 analysts' ratings. The current level is a good entry point for a short-term long position with approximately 18% movement towards the first...

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Shopify Inc. is preparing for a test of the first major resistance level located at $710. Successful breakout will push the price to the 2nd resistance at $800. On the other hand, if the attempt is not successful, we may witness a retest of the $520 support. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high...

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FedEx is scheduled to report its fiscal Q3 2022 results on Thursday, March 17. Revenues and EPS are expected to be above the consensus estimates. With an average target price of $308.42, FedEx seems like a good opportunity today for long-term investors. The first resistance is located at $238. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of...

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The downtrend is more likely to continue for Accenture plc. The next stop is located at the $292 support level. Breakout will trigger new sales to the next major support at $ 277. 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...

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Bounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and...

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The technical figure Triangle can be found in the US company Alphabet Inc. (GOOG) at daily chart. Alphabet Inc. is an American multinational technology conglomerate holding company. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. It is one of the Big Five American...

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EUR/GBP was rallying on Wednesday on the diverging policy expectations from the Bank of England and the European Central Bank that meets on Thursday. This will be a key and popular meeting among central bank watchers as the Governing Council has the unenviable task of being the first team from the major central banks to provide an assessment of the impact on the...

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The USD/JPY climbs for the second straight day, following a busy day in the markets. Geopolitical headlines keep market volatility high and investors on their toes. Data-wise, the US economic docket featured the Trade Balance, which printed a deficit, while Imports increased and Exports came short than expected. In this pair, technical analysis shows a technical...

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The technical figure Triangle 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 12,225...

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The technical figure Descending Triangle can be found in the US company The Boeing Company (BA) at daily chart. The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support...

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EUR is continuing to fall following the progress of the situation in Ukraine and the continuous uncertainty of the future of the economy in EU and the continuous increase of the commodity prices. On the other hand JPY has always been a safe-haven currency in turbulent times like those. EURJPY pair have reached a low that was not observable in months, but the...

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Since Europe and UK would be hit hardest from fuel supply insecurity and the measures against the Russian Federation, investors moved their capital in less riskier currencies and GBP was hit by a sell-off. On the other hand, Australia is not endangered by fuel supply insecurity, but the Reserve Bank of Australia did not raise the interest rate due to the concern...

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UK Brent opened with a bullish gap after the weekend in Monday (28.02.2022), with prices rising due to the intensified situation between Russia and Ukraine and the fuel distribution insecurity in Europe. But the price met resistance at 103.26 USD and reverted back, closing the initial gap and meeting support at 97.18 USD. Both MACD indicator and RSI indicator...

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Last week it was noted that “if tensions between Russia and Ukraine spill into outright war, gold prices may be able to reach the June 2021 high set at 1916.62 quickly.” Trading at 1924.92 when this report was written, gold prices have achieved their first upside target following their bullish breakout earlier this month. It’s worth noting that the daily candle...