Citi downgrades embattled Tesla to sell, says the stock is too risky to buy even after big pullback
Citigroup downgraded Tesla’s stock to a sell rating from neutral Friday, a day after the Securities and Exchange Commission filed a fraud lawsuit against CEO Elon Musk. The brokerage detailed two paths forward for the electric car maker, one with...
EURUSD Bears Targeting 1.1600 Level
The euro has continued to weaken against the US dollar during the European trading session, with price moving closer to the 1.1600 support level. A break below the 1.1600 support level exposes further losses towards the current monthly trading low,...
GBPUSD Former Weekly Low In Focus
The British pound has come under a fresh round of selling pressure against the greenback, as the US dollar Index continues to trade higher. The former weekly trading low is now in focus, at 1.3054, as the GBPUSD pair softens...
NZD/USD Moving Towards Support Level At 0.6583
The New Zealand Dollar has depreciated significantly against the US Dollar since the beginning of this week. The currency pair has lost about 1.47% of its values. The exchange rate dashed through a support cluster formed by the 200-hour simple...
USD/CAD Breaches 61.80% Fibo
The Canadian Dollar depreciated about 0.94% against the US Dollar on Thursday. The exchange rate made bounced off a support cluster formed by the weekly PP and the 50-hour simple moving average at 1.2955 during the first part of yesterday’s...
AUD/USD Bounces Off Support
The US Dollar appreciated by 65 pips against the Australian Dollar on Thursday. The pair reversed from a resistance level formed by the 100-hour SMA at 0.7260 and had since reached the bottom border of an ascending channel pattern. As...
EUR/JPY Breaches Support Cluster At 131.75
The Eurozone single currency depreciated about 100 base points against the Japanese Yen on Thursday. The currency pair is near a support cluster formed by the weekly and the monthly PPs at 131.85 during the morning hours of Friday’s trading...
EUR/USD Slumps To 1.1620
The European Single Currency depreciated 1.04% against the US Dollar since Thursday’s session. The rate was located at the 1.1629 mark on Friday morning. In regards to the near future, most likely, the rate will move down towards the monthly...
USD/JPY Continues With Bullish Momentum After False Breakout
The USD/JPY tried to break below the support trend line (green) of the uptrend channel but ultimately failed and the uptrend is back into play. The bulls could be aiming at the Fibonacci targetsat 113.75 or 115. The USD/JPY ultimately...
USDJPY Could Soon Test 114.10 Level
The US dollar has moved to a fresh 2018 trading high against the Japanese yen currency, as the greenback strengthens across the board. Buyers have now broken above the 113.17 level, triggering the bullish inverted head and shoulder pattern with...
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