ONLINE FOREX BROKER
2020-05-21 • Updated
On the H4 chart, we see Google stock on the path of recovery. It is almost there, but the question is whether the pace of recovery will remain the same, completing the V-like overall chart formation, or it will slow down coming closer to the resistance of $1,531. Let’s see how we can find that out.
In the case of steady growth consistent with the trajectory it has been showing after bottoming out in March, the price will make another leap to the higher boundary of the movement channel, which will come to point A roughly corresponding to $1,490. After that, if the inner logic of the movement remains, the price will bounce down to point B – that’s where the lower boundary of the channel will be. This will complete the fourth wave of the upward movement.
Otherwise, the stock will slow down the closer it gets to the full recovery mark of $1,531. In the weakening growth scenario, the stock may come to point A or slip lower to eventually get into a bearish move crossing the lower border of the initial movement channel. That’s how point C may be reached, bending the overall trajectory range closer to the horizon. After that, the stock will anyway rise again, but probably to $1,496 or even below.
Which scenario will it be? Make your bets, we will discover soon enough.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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