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                        H&S Formation On DAX And A Five-Wave Drop Can Suggest More Weakness

E H&S Formation On DAX And A Five-Wave Drop Can Suggest More Weakness

DAX is turning south after a completed correction within a wedge pattern into wave C of 4), which means that DAX can be headed back to the lows for a wave 5). Especially, because we can see five sub-waves from the highs and current consolidation can be part of a three-wave corrective rise, which would […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 6

WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 6

WTI Crude Oil The WTI Crude Oil market initially tried to rally during the trading session on Monday but turned around of form a bit of a shooting star or perhaps even an inverted hammer for the day. We are sitting right on the $62.50 level, an area that has been supportive more than once […]
Why AAPL Still Has 50% Upside Potential

Why AAPL Still Has 50% Upside Potential

Apple (AAPL – Research Report) shares tumbled 7% at the end of last week after the tech giant released its fiscal Q4 earnings report. This was despite the fact that Apple beat out the Street’s predictions by 20% in the September quarter with revenue of $62.9 billion. The Street predicted $61.57 billion. EPS was $2.91, a 40 percent increase […]
EURUSD: Lateral Movement Around LB To Continue

EURUSD: Lateral Movement Around LB To Continue

Previous: On Monday the 5th of November, trading on the euro closed up. After falling to 1.1354, the price recovered to 1.1424. At the beginning of the European session, the pressure on the euro left investors feeling anxious over the fact that the conflict between the Italian government and the European Commission was not resolved. In […]
Where Does GE Go From Here?

Where Does GE Go From Here?

Now that General Electric (NYSE: GE) has slashed its quarterly dividend by 91%, from $0.12 to $0.01 per share, which we estimate is about 50% more than what investors had already priced in to the stock, what can they expect next for the company’s share price? Based on the historic relationship that investors have set between the company’s market capitalization […]
Gold Down On Profit-Taking

Gold Down On Profit-Taking

Gold prices fell $1.38 an ounce on Monday as investors remained cautious ahead of the U.S. midterm elections and Federal Reserve meeting. Global stock markets were mixed yesterday. Gains in financial and energy shares pushed the Dow and S&P 500 higher, but the Nasdaq Composite fell. Last Friday’s strong jobs report bolstered the case for […]
AUDUSD Daily Analysis – Tuesday, Nov. 6

AUDUSD Daily Analysis – Tuesday, Nov. 6

AUDUSD formed a sideways consolidation in a trading range between 0.7180 and 0.7258. As long as 0.7180 support holds, the upside movement from 0.7020 could be expected to resume and further rise to 0.7300 area is still possible after the consolidation. On the downside, a breakdown below 0.7180 support would suggest that the upside movement […]
Gold Prices May Fall As US Midterm Elections Boost US Dollar

Gold Prices May Fall As US Midterm Elections Boost US Dollar

Commodity prices were little-changed at the start of the trading week as expected, with markets probably leery of directional progression as hefty event risk by way of the US midterm elections looms ahead. A corrective crude oil price upswing swiftly evaporated intraday while gold prices continued to drift cautiously lower, retracing last week’s breakneck surge. US MIDTERM ELECTIONS MAY BOOST US DOLLAR, HURT […]
EUR/USD Looks Perky Ahead Of The Midterms

EUR/USD Looks Perky Ahead Of The Midterms

The EUR/USD is trading above 1.1400 ahead of the US Midterm Elections, Can the pair go even higher? The Technical Confluences Indicator shows that the pair has a dense cluster of support lines at 1.1401. This includes the Bollinger Band 4h-Middle, the Fibonacci 38.2% one-day, the Fibonacci 61.8%, the SMA 100-15m, the BB 15m-Lower, the BB 1h-Middle, the Simple Moving […]
Sensex Opens Over 170 Points Up; Realty & Auto Stocks Lead

Sensex Opens Over 170 Points Up; Realty & Auto Stocks Lead

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.8%. Meanwhile, the S&P 500 rose on Monday with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of US congressional elections. Back […]