Hello fellow traders. In today’s blog, we will have a look at the Lufthansa AG stock. The stock is listed in the DAX 30. Lufthansa AG is the biggest German airline and has a lot of subsidiaries. And when combining...
The TLT Longer Term Cycles and Elliott Wave Analysis Firstly the ETF fund TLT inception date was on July 22, 2002. This instrument seeks to track the investment results of an index composed of or in U.S. Treasury bonds...
Bank Of America (NYSE: BAC) recovered 50% of the 2008 financial crisis crash while majority of banks already rallied back to new all time highs. The stock is still showing positive signs as the rallies taking place...
USDCAD moved sideways in a trading range between 1.3230 and 1.3309. As long as 1.3230 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3360 area is still...
USDJPY is facing 107.49 support, a breakdown below this level would indicate that the upside movement from 104.44 had completed at 108.47 already, then the following downside movement could bring the price back to 106.00 area. On...
AUDUSD extended its downside movement from 0.6894 to as low as 0.6759. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2581 could be treated as consolidation for the uptrend,...
EURUSD is facing 1.0990 support, a breakdown below this level could trigger another fall to test 1.0925 support. However, as long as 1.0990 support holds, the price action from 1.1109 could be treated as consolidation for the...
SPDR S&P 500 ETF (SPY) shows an incomplete sequence from June 3, 2019 low with a 100% extension target towards 306.3 – 313.2. In the chart below, we took the more aggressive view of the rally. We...
General Motor’s contract with the United Auto Workers expired late Saturday, leaving the union and company leadership to work out the next four-year contract. The situation has been all over the news which can be misleading for...
