2020

CADCHF bears have kept the pressure on since the 0.72 high on the 5th of June. Since the high, we have witnessed two attempted breaks towards the lower channel. The first attempt on the 11th of June saw prices bounce off at the Ichimoku…
Read More

The current EURUSD formation hints at an impulsive move. It consists of five primary degree waves ①-②-③-④-⑤. Currently, we see a bearish (A)-(B)-(C)  zigzag in wave ④. After the completion of wave (A), we expect the correction in wave…
Read More

S&P500(SPX500): Guarda Ai Massimi In Scia Al Nasdaq S2: 3,260.75     S1: 3,280     R1: 3,309.5     R2: 3,319.75 Malgrado una buona spinta rialzista l’indice S&P500 non ha ancora ripreso i massimi di fine febbraio visti in…
Read More

US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…
Read More

The precious metal is holding on to its bullish streak. Price action is trading just a few points below the $2000 level. We expect gold to possibly test the $2000 level in the near term. However, considering the key psychological level,…
Read More

Crude oil prices are testing the 41.00 level once again. At the time of writing, oil prices are trading above the 41.00 level. However, only a strong daily close above this level will confirm the upside. Still, WTI crude oil will…
Read More

GBPUSD is trading a bit off from the 1.3122 level of resistance. The decline off this level saw prices finding support from the rising trend line. If this level holds and we see a rebound, then we could expect a move higher. Following…
Read More

The euro is down to its third consecutively daily loss. Price action is consolidating near the 1.175 handle. Although price action remains weak, a close above 1.1750 will confirm a possible move to the upside. However, unless the…
Read More

Big Earnings Beat Shares in US tech giant Apple have exploded to fresh all-time highs following a bumper Q2 earnings report. Apple stock is trading a further 2.5% higher pre-market on Tuesday as traders continue to digest the details of…
Read More

DXY ended wave IV of a bullish cycle pattern in a simple Ⓐ-Ⓑ-Ⓒ zigzag.  Wave Ⓐ is a zigzag, wave Ⓑ is a triangle, and wave Ⓒ is a 5-wave bearish impulse. At the time of writing, DXY has begun to reverse up in the final wave V. We…
Read More