ONLINE FOREX BROKER
2019-11-11 • Updated
Trade ideas
BUY $58.00; TP $59.50; SL $57.70
SELL $54.90; TP $53.50; SL $55.20
The stock of Intel jumped last week above $56 propelled by the strong earnings report. Given the favorable fundamentals, there are all chances that Intel will be able to go even higher, to the $59.50/$60.00 area.
The technical picture also looks well. Firstly, the only resistance on the way is at $57.80 (April 2018 high). Secondly, the price broke above the big triangle (now providing support at $53.20). The question now is whether the stock will try to correct down after its rapid advance or consolidate for a longer period of time. Yesterday, the attempt of bears to pull the price lower was met with demand at $55.60, but a decline below $55.00 would make it vulnerable for a slide to $53.20 (this scenario is also viable as the price action on the W1 resembles a bearish harmonic “Gartley” pattern). At the same time, the break above $57.80 will be a bullish trigger, although we may have to wait for some time for it to happen.
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On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.
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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