Tag Archives: SupportResistance

Chicken Soup for the Soul (CSSE) stock down 10% after earnings

CSSE stock tanked 10.4% in Friday’s premarket. Chicken Soup for the Soul reported a wide GAAP loss of $-1.39 in Q2. CSSE just concluded its acquisition of Redbox on Thursday.   Chicken Soup for the Soul (CSSE) stock is down 10.4% in Friday’s premarket a day after it reported second quarter earnings that wildly missed forecasts.… Read More »

AUD/USD Price Analysis: Approaches upper end of monthly bullish channel near 0.7150

AUD/USD braces for the biggest weekly gain since November 2020 inside one-month-old ascending trend channel. Overbought RSI conditions suggest pullback from the stated channel’s resistance. 200-SMA holds the key for bear’s entry, bulls can aim for June’s peak beyond 0.7150 nearby hurdle. AUD/USD grinds higher around intraday top surrounding 0.7125 heading into Friday’s European session.… Read More »

USD/CAD Price Analysis: Bears attack six-week-old support line near 1.2750

USD/CAD takes offers to refresh intraday low, prints three-day downtrend at two-month bottom. Oversold RSI conditions, short-term key support line challenge bears. Recovery remains elusive until staying below 61.8% Fibonacci retracement level. USD/CAD bears keep reins for the third consecutive day around the lowest levels since June 10. That said, the Loonie pair refreshes its… Read More »

NZD/USD Price Analysis: Extends pullback from 100-DMA towards 0. 6400

NZD/USD snaps four-day uptrend around the two-month high. Nearly overbought RSI, pullback from monthly resistance line add strength to bearish bias. Tops marked during mid-June, early-August lure near-term sellers ahead of monthly support line. NZD/USD holds onto the previous day’s pullback from a two-month high as the adjacent key resistance line and 100-DMA challenge buyers… Read More »

AUD/USD Price Analysis: A test of sacred 61.8% Fibo at 0.7050 looks imminent

A break of the consolidation formed in a 0.6869-0.7047 range strengthened the aussie bulls. An establishment above 61.8% Fibo retracement adds to the upside filters. Advancing 20-and 200-EMAs signal more gains ahead. The AUD/USD pair has declined gradually below 0.7100 after printing a high of 0.7135 on Thursday. The asset has tumbled after sensing exhaustion… Read More »

EUR/USD Price Analysis: Slow grind to north pauses above 1.0300

EUR/USD remains sidelined around monthly top, recently pressured near intraday low. RSI conditions, sustained break of five-week-old resistance keep buyers hopeful above 1.0280 short-term key support. 61.8% Fibonacci retracement guards immediate recovery, 200-SMA acts as an extra downside filter. EUR/USD renews intraday low near 1.0315 during Friday Asian session, snapping four-day uptrend around the monthly… Read More »

GBP/JPY Price Analysis: Remains pressured towards 162.00 ahead of UK GDP

GBP/JPY fades bounce off weekly low ahead of the preliminary UK Q2 GDP. Multiple failures to cross 50-day EMA, previous support line from March favor sellers amid steady RSI, bearish MACD signals. 200-day EMA offers strong support, six-week-old horizontal line adds to upside filters. GBP/JPY holds lower grounds inside an immediate 30-pip trading range above… Read More »

EUR/JPY Price Analysis: A bearish-engulfing candle pattern remeains in play, sellers eyeing 136.00

The EUR/JPY rebounded from 136.29 weekly lows and reclaimed the 137.00 area towards Thursday’s close. The cross-currency pair is neutral-to-downward biased, and a break below 136.31 will send the pair sliding towards 135.80. The EUR/JPY jumps off weekly lows and trims some of Wednesday’s losses amidst a mixed market mood as reflected by the US… Read More »

Disney (DIS) stock price reaches highest level since April after overtaking Netflix as streaming leader

Disney released fiscal Q3 earnings on August 10. DIS stock jumped nearly 7% afterhours. Disney reported $1.09 in adjusted EPS on $21.5 billion in sales.   Disney (DIS) stock advanced to $120.13, up 6.9%, in the afterhours market on Wednesday after the entertainment conglomerate’s parks division led the way toward a solid beat on top… Read More »