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Stocks report by HY Markets

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Apr 18, 2016 4:25 pm

EUR/USD
The EUR/USD pair corrected lower by the end of the last week, although the American dollar retains its long term negative tone against all of its major rivals. During this past week, commodity currencies were the biggest winners, fueled by improved market sentiment, as Chinese latest data was overall positive, with industrial production rising the most in almost a year. Industrial output rose 6.8% in March compared to a year earlier, while retail sales also beat market´s expectations, printing at 10.5%y/y in March versus 10.4% median forecast. Finally, China’s GDP for the first quarter printed at 6.7%y/y, matching forecast, but down from 6.8% in the December quarter.On Friday, poor US data put a halt to dollar's advance, as it happened several times over these last few days. US industrial production fell 0.6% in March, compared to February, whilst the University of Michigan index of consumer sentiment for April fell to 89.7 compared to an expected 91.9. The EUR/USD par closed the week at 1.1282 after failing to surpass a major static resistance level, the 1.4160 region, tested at the beginning of the week. On Friday, the price was contained by 1.1315, the 23.6% retracement of the latest daily bullish run between 1.0821, March 3rd low, and the high posted at 1.1461 this April. The weekly decline stalled short from the 38.2% retracement of the same rally, at 1.1220, the level to break to confirm a steeper decline this week. In the meantime, the daily chart presents a limited bearish tone, as the price stands below a bullish 20 SMA whilst the technical indicators have crossed their midlines towards the downside, but lost bearish strength within neutral territory, indicating limited scope for additional declines. In the shorter term, the 4 hours chart maintains a negative tone, as the price remains capped by a bearish 20 SMA whilst the technical indicators have lost upward steam after bouncing from their midlines, and the RSI already turned south, increasing the risk of a new leg south.

Support levels:1.1235 1.1200 1.1160

Resistance levels: 1.13001.1335 1.1380

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Apr 18, 2016 4:38 pm

HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs reversed from resistance zone
• Likely to fall to 155.00

Goldman Sachs recently reversed down from the resistance zone surrounding the resistance level 161.80, which has been repeatedly reversing the price from the end of January (as can be seen from the daily Goldman Sachs chart below). This resistance zone was further strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (1) from November of 2015. Given the strength of the resistance zone surrounding the resistance level 161.80 - Goldman Sachs can be expected to correct down to the nearby support level 155.00.

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Re: Stocks report by HY Markets

Postby HY Markets » Wed Apr 20, 2016 1:56 pm

HYMARKETS Stocks Report: Coca-Cola Co/The
• Coca-Cola reversed from support zone
• Likely to rise to 47.00

Coca-Cola recently corrected down from the resistance level 47.00, which was set as the likely upward target in our previous forecast for this instrument. The subsequent downward correction (ii) then stopped in the support zone lying between the support level 46.00 (former resistance level which stopped the earlier impulse wave 3 in March), support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from March. Coca-Cola is likely to re-test to the resistance level 47.00 – the breakout of which can lead to further gains toward 48.00.

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Re: Stocks report by HY Markets

Postby HY Markets » Thu Apr 21, 2016 4:39 pm

EUR/USD
The American dollar edged higher against most of its major rivals this Wednesday, exception made by commodityrelated currencies, which held on to gains amid oil prices rallying to fresh yearly highs. The US EIA report surprised with a smallerthanexpected increase in stockpiles, whilst distillates fell well beyond expected. The EUR/USD pair started the day with a positive tone, rallying to a fresh weekly high of 1.1387 before turning south in the American afternoon, more due to a continued improvement in risk sentiment than because of dollar's self strength. Data coming from Europe disappointed, whilst the US posted some encouraging housing readings, reversing the latest trend. The German PPI fell 3.1% yearonyear in March, and came in at 0.0% monthly basis compared to February. US Existing Home sales bounced back in March up by 5.1% to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February. Anyway, all eyes are now on the ECB monetary policy meeting this Thursday, in where Mario Draghi is expected to maintain the policy on hold, but with no doubts will offer enough rhetoric to shake the EUR.The latest pullback in EUR/USD´s price has sent the pair below the 23.6% retracement of the latest daily bullish run, and the 4 hours chart shows that the price has broken also below its 20 SMA whilst the technical indicators head sharply lower, and have entered negative territory, suggesting the decline may extend during the upcoming Asian session. The pair has an immediate support in the 1.1270/80 region, followed later by 1.1220, the 38.2% retracement of the mentioned rally. If the pair has a chance to break below this last, will be with Draghi's words, and will probably mean a downward continuation towards the 1.1120/60 price zone.

Support levels:1.1275 1.1220 1.1160

Resistance levels: 1.1350 1.1390 1.1420

See more analysis at http://www.hymarkets.com/english/education_market_commentary.html

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Re: Stocks report by HY Markets

Postby HY Markets » Mon Apr 25, 2016 11:32 am

HYMARKETS Stocks Report: Microsoft Corp.
• Microsoft broke daily up channel
• Likely to fall to 49.00

Microsoft recently fell with the sharp downward gap – following the earlier downward reversal from the resistance level 56.70, which was set in our previous forecast as the likely target for the upward movement of this instrument. The downward reversal from the the resistance level 56.70 started the active minor correction (ii) – which then broke the support trendline of the wide daily up channel from August – which should intensify the bearish pressure on Microsoft in the coming trading sessions. Microsoft is likely to fall to the next support level 49.00.

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Re: Stocks report by HY Markets

Postby HY Markets » Wed Apr 27, 2016 12:16 pm

HYMARKETS Stocks Report: JD.com, Inc.
• JD broke daily up channel
• Likely to fall to 24.00

JD recently fell sharply in the minor impulse wave 3 - which started previously when the price reversed down from the resistance zone lying between the round resistance level 30.00, upper daily Bollinger Band, resistance trendline of the wide daily down channel from last June and the 61.8% Fibonacci correction of the previous sharp downward impulse wave 1 from December. Having recently broken the daily up channel from February and the support level 25.70 – JD is likely to fall further in the active impulse wave 3 toward the next support level 24.00.

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Re: Stocks report by HY Markets

Postby HY Markets » Fri Apr 29, 2016 3:14 pm

HYMARKETS Stocks Report: Google Inc
• Google broke daily up channel
• Likely to fall to 680.00

Google has been falling in the last few trading sessions inside the 4th minor corrective wave 4 – which started previously - when the price reversed down from the pivotal resistance level 775.00, which stopped the previous impulse waves (iii), 3 and (3) – as can be seen from the daily Google chart below. The active impulse wave 4 earlier broke the support trendline of the daily up channel from August – which intensified the bearish pressure on this instrument. Google is likely to fall to the next support level 680.00 (50% Fibonacci correction of the upward impulse from August).

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Re: Stocks report by HY Markets

Postby HY Markets » Mon May 02, 2016 12:28 pm

HYMARKETS Forex Report: EUR/USD

• EUR/USD approaching resistance level 1.1500
• Likely to rise to 1.1600

EUR/USD continues to rise inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of March. The active impulse wave 3 started earlier - when the pair reversed up from the support zone lying between the support level 1.1230 (which stopped the (a)-wave of the previous minor ABC correction 2 from April) and the 38.2% Fibonacci correction of the previous sharp impulse wave 1. The price is currently approaching the resistance level 1.1500 (previous upward target set for this pair). If the price breaks above 1.1500 - EUR/USD can then rise to the next major resistance level 1.1600.

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Re: Stocks report by HY Markets

Postby HY Markets » Wed May 11, 2016 12:22 pm

HYMARKETS Stocks Report: Google Inc
• Google completed minor ABC correction 2
• Likely to rise to 730.00

Google recently reversed up from the support zone lying at the intersection of the pivotal support level 680.00 (which stopped earlier waves (ii) and (b)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from the start of June. The upward reversal from this support zone completed the previous minor ABC correction 2, which belongs to the intermediate impulse wave (5) from January. Google is expected to rise further to the next resistance level 730.00 (the breakout level of the previous daily up channel from August of 2015).

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Re: Stocks report by HY Markets

Postby HY Markets » Mon May 16, 2016 5:29 pm

HYMARKETS Stocks Report: Microsoft Corp.
• Microsoft reversed from resistance zone
• Likely to fall to 50.00

Microsoft recently reversed down from the resistance zone lying between the resistance level 52.00 (breakout level of the previous wide daily up channel from August of 2015, which was broken in April, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp minor corrective wave 2 from the middle of April. The downward reversal from this resistance zone stopped the previous minor impulse wave (iii) of the intermediate impulse wave (3) from February. Microsoft is likely to fall to the nearby support level 50.00.

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