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In this pair, technical analysis shows a technical figure Flag. The Flag broke through the support line on 01/12/2021. EURHUF is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 6 days with a target of 361.08. According to the experts, your stop loss...

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The technical figure Channel Up can be found in the US company American Express (AXP) at daily chart. The American Express Company is a multinational corporation specialized in payment card services. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The Channel Up has broken through the support line on 27/11/2021,...

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On Friday USD/JPY consolidates the heaviest daily loss since March 2020, bouncing off a 13-day low. That happened after WHO termed Omicron as a “variant of concern”, Japan tightens border controls. Looking forward, the virus developments in the West will be particularly more important for the USD/JPY traders, which in turn highlights today’s speech from US...

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EUR/GBP has been trading in a sideways manner since November 17th, between the 0.8380 and 0.8430 barriers on a 4-hours chart. However, bearing in mind the fundamentals and that the prevailing longer-term path has been to the downside, we would see more chances for the rate to exit the range to the downside rather than to the upside. An apparent dip below 0.8380...

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Gold prices are falling again on Wednesday for the fifth consecutive day. The recovery toward $1800 proved to be short-lived, and XAU/USD turned back to the downside. Recently bottomed at $1778, a hundred dollars below last week’s top. Personal Income and Spending rose more than expected in October, initial jobless claims dropped to the lowest since 1969, and...

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EUR/TRY skyrocketed today after Turkish President Recep Tayyip Erdogan defended the massive and continuous interest rate cuts amid double-digit inflation. He said this is part of an “economic war of independence,” rejecting calls from investors and analysts to adopt a different strategy. Turkey's short-term external debt stock rose to $124.4 billion, an increase...

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Looking at the technical picture of the Repsol SA stock on our daily chart, we can see that from the end of October, the share price has been drifting lower while trading below a short-term tentative downside resistance line. The experts said that overall, the stock continues to trade above a medium-term tentative upside support line, which may lead to some higher...

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WTI Is falling from the recent highs In a bearish correction to retest the strong key support level below. Once the price hits the level expecting a strong rebound and a move up to retest a local resistance above LONG🚀 There is broadening pattern and look like the price is going to test the bottom trendline and its Daily Support. Resistance 1 84.5 - 85.5...

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NVIDIA has started a downtrend after a good growth and a bullish trend . On a daily chart is forming bigger bearish formation candles. First target is around 261. 05 - Nice run up to earnings , however, extremely overbought and looking ripe for a correction. A correction would actually be more bullish in the long term. Watching for 261 but wouldn’t be surprised...

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AUD/USD is trending downwards and recently this Aussie trended into the support zone of 0.73000. The Australian Wage Price Index q/q data (Forecast: 0.6%, Previous: 0.4%) will be released . Currently, AUD/USD is testing the support zone of 0.73000 and the next resistance zone is at 0.75000. Short-term buying opportunities of AUD/USD will appear if it bounces off...

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CHFJPY has formed Head and Shoulder Pattern on 4H chart and is about to make Lower Lows. Trade idea is also shown and confirmed by RSI indicator. Above the shoulders we have strong resistance around 124.50-125.00 and Head and shoulders completed. We can expect movement forming the right neckline to strong support between 122.00-123.00. Price has broke...

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Silver has formed huge reversed Head and Shoulders and we can see clear in the chart that XAGUSD made "Flat Top/Bottom" pattern also "Support and Resistace" has confirmed. Metal as well is completing its pullback to the neckline, the target on the upwards side is 26$=27$. The price broke yet another horizontal structure Which indicates the inexhaustible...

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The technical figure Triangle can be found in the US company ConocoPhillips (COP) at daily chart. ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. The Triangle has broken through the support line on 11/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next...

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The technical figure Triangle can be found in the French company Carrefour SA (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, and convenience stores, which as of January 2021, comprises its 12,225...

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The technical figure Triangle can be found in the French company Renault SA (RNO.pa) at daily chart. Groupe Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches, aircraft and aircraft engines, and autorail vehicles. The...

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The technical figure Pennant can be found in the major Dutch index AEX (NETHERLAND25) at daily chart. The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most...

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The technical figure Channel Down can be found in US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. As the world's largest coffeehouse chain, Starbucks is seen to be the major representation of the United States' second wave of coffee culture. As of September...

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Silver traded lower yesterday and today after it hit and confirmed support at 23.00. The metal remains above the prior downside resistance line taken from the high of June, and now, following yesterday’s rebound, we can draw a new short-term uptrend line taken from the low of September 29th. In this perspective, this keeps the short-term bias positive. The...