From a short-term standpoint, the EUR/USD is tilted upward, but a one-month-old resistance trendline would be difficult to surpass as the pair edges higher. A breach of 1.1020 will put into play the R1 daily pivot at 1.1055, followed by the April 26 high at 1.1095 ahead of 1.1100.

Microsoft with ticker MSFT is already back to all-time highs in an impulsive price action, but it has an unfinished bullish cycle, so there’s no top until we see a completed five-wave rally. We can see it currently just making a higher degree wave 4 correction that can retest 320 – 300 support zone before the uptrend for wave 5 towards 400 area resumes.

Share: Euro kicks off the new trading week on the back foot vs. the US Dollar. Stocks in Europe open Monday’s session in the red. EUR/USD recedes to the vicinity of 1.0960 on Fed, risk-off mood. The USD Index (DXY) regains the area above 102.00. Industrial Production in Germany contracted 1.5% MoM in… ادامه خواندن Euro faces increasing selling pressure on Dollar buying

The TCD (Technical Confluences Detector) is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc.  If you are a short-term trader, you will find entry points for counter-trend strategies and hunt a few points at a time. If you are a medium-to-long-term trader,… ادامه خواندن XAU/USD sellers eye $1,915 and US inflation – Confluence Detector

00:00 NASDAQ 100 1:32 Apple (AAPL)3:31 Amazon (AMZN)04:08 NVIDIA (NVDA)05:32 Meta Platforms (META)08:08 Netflix (NFLX) 09:54 Alphabet (GOOGL)14:39 Microsoft MSFT16:21 Tesla (TSLA) منبع: https://www.fxstreet.com/news/elliott-wave-analysis-aapl-and-top-tech-stocks-video-202308070003 Only after obtaining a clear confirmation of the end of Wave 4 and the initiation of an upward impulse should traders consider initiating long positions in anticipation of participating in the subsequent bullish… ادامه خواندن AAPL and top tech stocks [Video]

On the Yen’s side, is Japanese currency seems to be gaining traction on the back of Bank of Japan (BoJ) comments which stated that the benchmark 10-year Japanese Government Bonds (JGB) will widen from 0.5% to 1.0% which pushed Japanse yields to their highest levels since 2014. In that sense, markets may anticipate a potential… ادامه خواندن EUR/JPY closes the week neutral above the 20-day SMA

The daily chart portrays the pair forming an inverted head-and-shoulders chart pattern, but EUR/GBP’s price action has failed to decisively break above the 100 and 200-day EMAs at 0.8651 and 0.8671. Nevertheless, further validation is needed, as the EUR/GBP must break above 0.8740/50. EUR/GBP rallies for the fourth straight day, set to finish the week… ادامه خواندن Gains traction as an inverted head-and-shoulders pattern looms