Analytics News and Market Forecast

Without understanding what is there under the hood, DirectX is perplexing: "Why is it so difficult and confusing, can't it be made simpler?" And this is only the first stage. Further, you come to study the HLSL shader language and the peculiarities of video card programming. In order to avoid all these confusions, I suggest considering the internal structure of DirectX, though not going too deep into detail. Then we will write a small script in MQL that displays a triangle on the screen.

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The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls?

The weekly price is on strong bearish breakdown: the price broker Ichimoku cloud to below for the primary bearish reversal for testing 0.6966 support level for the bearish trend to be continuing or for the ranging condition to be started.

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The Euro looks ahead to important EU economic data releases while facing several headwinds, while EUR/USD tests 2017 lows.

Weekly price broke 200 SMA for the bearish reversal: the price is located far below 200 SMA in the primary bearish area of the chart and trying to break 1.0471 support level on close weekly bar for the bearish trend to be continuing. But the weekly price is on oversold market condition according to UniRSI indicator, and it is very likely for the price to be bounced from support levels to above for the possible bear market rally to be started.

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The daily price is located below Ichimoku cloud in the bearish area of the chart. The price is trying to break 32 resistance level to above for the rally to be started with 34 resistance as the next target to re-enter for possible bullish reversal to be started. Alternatively, the price will be on bearish ranging within the levels.
The current high inflationary environment, rising interest rates, and recession fears have weighed on railroad stocks.


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The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures.
The daily price is on bullish breakout by crossing 103 resistance level to above for the 105 target to re-enter.

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Credit Suisse’s stock (NYSE: CS) has lost approximately 39% YTD, as compared to the 21% drop in the S&P500 over the same period.

Daily price was bounced from 7.24 resistance level to below for the primary bearish market condition to be resumed with 5.65 support level as the possible target to continuing.

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Mastercard’s stock (NYSE: MA) has lost 7.2% in the last week, underperforming the S&P 500 (down 6.1%).

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The stock price of Freeport-McMoRan (NYSE: FCX) one of the largest producers of copper, has declined by about 11% over the last week (five trading days) and remains down by 17% over the last month.
Weekly price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing support level at 28.87 to below for the strong bearish trend to be continuing. Alternatively, the price may break 43.62 resistance to above for the bullish reversal, otherwise - ranging within the levels.

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The near-term outlook remains bullish for the greenback. June U.S. inflation data next week could be a positive catalyst for Treasury rates and the DXY index.

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Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q2 2022 results on Monday, July 18, 2022.

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