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 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 »
EUR/GBP renews intraday high, before ticking lower, while staying inside a trend widening chart pattern. UK Q2 GDP shrank 0.1% QoQ versus -0.2% expected, monthly statistics came out softer on MoM, firmer on YoY. Double top around 0.8470 tests bulls, bears need validation from 200-HMA. EUR/GBP remains pressured around 0.8460-55 area after an initial wick to 0.8447… Read More »
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 »
AUD/USD fails to capitalize on the early upside amid a souring mood. Falling Treasury yields cap USD recovery, offering aussie some support. Acceptance above 200 DMA is critical for AUD bulls after recent gains. AUD/USD is defending minor bids just above 0.7100, helped by a pause in the US dollar recovery ahead of the Consumer Sentiment… Read More »
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 »
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 »
USD/CAD bulls are lurking and the US dollar is firmer. Bulls need to commit to a break of 1.2780 and then 1.2790/00. As per the prior analysis, USD/CAD Price Analysis: Bulls could be about to clean up, the price is in a phase of accumulation currently and a resurgence in the greenback would be expected to… Read More »
Silver price holds lower ground near the short-term key support comprising 50-day EMA, three-week-old ascending support line. Receding bullish MACD signals, sustained pullback from 61.8% Fibonacci retracement tease sellers. Bulls need validation from $21.00 to retake control. Silver price (XAG/USD) remains pressured at around $20.30, keeping the previous day’s bearish bias during Friday’s Asian session.… Read More »
USD/CHF broke below the 200-DMA, ending the major’s upward bias. In the near term, the USD/CHF is neutral to downwards, but buyers reclaiming 0.9450 exerts upward pressure on the major. The USD/CHF stumbles for the sixth consecutive day and breaks support provided by the 200-DMA at 0.9427, shifting the major’s bias downwards, with sellers reclaiming… Read More »
