Forex forecasts and market outlooks

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19.08.2019 - 13.08.2019

Walmart Inc. (WMT/NYSE): general analysis

Walmart shares are trading at a 2-month low, decreased by 8% from its July 52-week high. Today, before the market opens, the results for the past quarter will be published. Wall Street expects a strong report with rising financials. In addition, the forecast for the fiscal year 2020, including the business of the Indian Flipkart, is expected to be increased. Moreover, the growth forecast for comparable sales is expected to remain unchanged at 2.5–3.0%.

USD/CHF: Murrey analysis

This week, the USD/CHF pair several times unsuccessfully tested the level of 0.9765 ([0/8]), trying to return to the main Murrey trading range. If this succeeds, then it will continue to grow to the levels of 0.9826 ([1/8], the middle line of Bollinger bands) and 0.9887 ([2/8]). However, the resumption of decline to the levels of 0.9643 ([–2/8]) and 0.9600 seems more likely.

Verizon Communications Inc. (VZ/NYSE): general analysis

Verizon shares are strengthening from a one-month low of August 7th. From the May 3-month high, quotes fell by more than 6%. In the beginning of August, an ambiguous Q2 2019 report was published. Revenues fell 0.4% YoY to 32.07 billion US dollars, not meeting Wall Street's expectations. Earnings per share fell 5% YoY to $0.95. Management emphasized the company's leading position in the segment of wireless products and services, as well as the large-scale deployment of 5G infrastructure in the country.

Bitcoin Cash: technical analysis

For the second day, BCH quotes have been significantly reducing, and today it reached the level of 267.00. A downward correction has affected the entire cryptocurrency market but experts disagree on determining its causes. A wide range of versions is given, from sales of a large Chinese fraudulent PLUS Token project to a sharp decline in the US stock market indices.

Altria Group Inc.: wave analysis

The price may grow.

On the daily chart, an upward correction of the higher level develops as the wave (B) of 2. Now, the development of the wave B of (B) is ending, within which the wave c of B of the lower level is ending. If the assumption is correct, after the end of the correction, the price will grow to the levels of 57.85–60.10. In this scenario, critical stop loss level is 42.40.

McDonald’s Corp.: wave analysis

The price may grow.

On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, the fifth wave of the lower level (v) of iii is developing, within which the wave i of (v) has formed. If the assumption is correct, after the end of the correction ii of (v) the price will grow to the levels of 225.00–230.00. In this scenario, critical stop loss level is 209.19.