Unilever heading for a thrust out of bullish triangle

Share: Unilever is a multinational consumer goods corporation. Unilever products include food, condiments, ice cream, coffee, cleaning agents, pet food, beauty products, personal care and more. Founded 1919 by the merger of the Dutch margarine producer Margarine Unie and the British soapmaker Lever Brothers, it is headquartered in London, UK.  Unilever is a part of FTSE 100,

NZD/USD Price Analysis: Inverted H&S in progress

Share: NZD/USD eyes stabilization above 0.6000 amid easing US price pressures. Further action in the US Dollar will be guided by the monthly US Retail Sales data. NZD/USD forms an Inverted Head and Shoulder chart pattern. The NZD/USD pair aims for stability above the psychological resistance of 0.6000 as the market mood has

DJIA slightly lower in low-volatility session

Share: Dow Jones has broken out of a three-month descending price channel. Fed’s Powell, Williams speak at event on Wednesday. Dow Jones Industrial Average gained 5.07% last week, the largest weekly gain since October 2022. Disney is scheduled to deliver fiscal Q4 earnings after the close on Wednesday. Unemployment Rate, SLOOS report, credit

PLTR loses 6.5% for the week

Share: Palantir stock has turned negative on the technical chart. The 9-day SMA has crossed below its 21-day counterpart. Lower inflation seen in the Core PCE print for September makes another Fed rate hike less likely. An AI study called Palantir a top performer among vendors.   Palantir (PLTR) stock closed at $15.07 on

Boeing (BA) looking to end impulsive decline soon [Video]

Share: Short Term Elliott Wave in Boeing (BA) suggests the decline from 8.1.2023 high is unfolding as a 5 waves impulse. Down from 8.1.2023 high, wave 1 ended at 212.88 and wave 2 rally ended at 231.17. The stock then extends lower in wave 3 towards 182.55, and wave 4 rally ended at

The Stock is Trading Within Buying Area

Share: Disney has been in a tremendous decline since it peaked at $203.02 back 03.08.2021. The Peak ended a Grand Super Cycle and since then it has corrected in larger pullback. The Elliott Wave Theory provides us with cycle degrees determined by the time each cycle lasts. So the Grand Super Cycle is

GBP/USD continuing to slide, testing waters below 1.2250

Share: The GBP/USD is looking for further downside to end the trading week, probing chart space below 1.2250 heading into the final hours of Friday’s trading session. Read More… The Pound Sterling (GBP) finds offers while attempting to extend recovery as investors see no change in the current policy divergence between the Federal

Cable bears need validation from 1.2530 and US ISM Services PMI

Share: GBP/USD licks its wounds after refreshing three-month low. 10-week-old descending support line, sluggish MACD signals and the below-50 RSI favor corrective bounce. Convergence of 100-EMA, 38.2% Fibonacci ratio guards immediate recovery of Cable pair. Pound Sterling traders seek directions from US ISM Services PMI amid light calendar at home. GBP/USD portrays a

Cable buyers prod key resistance near 1.2720, Fed inflation eyed

Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line

XAG/USD bulls need validation from $24.80 and US data

Share: Silver Price struggles with the key upside hurdle at monthly high. Descending resistance line from early May challenges XAG/USD bulls amid nearly overbought RSI (14) line. Clear upside break of four-month-old horizontal resistance area, bullish MACD signals favor Silver buyers. 100-DMA, key Fibonacci retracement levels can prod XAG/USD pullback. Silver Price (XAG/USD)