2020

The British pound sterling managed to steadily rise towards the resistance level of 1.2643 on Thursday. But price action failed to breakout any higher, leading to a bearish candlestick on the four-hour chart. If this trend continues,…
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The euro currency attempted gains, rising slightly above the 1.1347 level of resistance on Thursday. Prices were met with strong resistance and towards the close of the day, the euro was pushed lower. This puts the currency pair back…
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Of late, the CAD hasn't benefited as much when the market has taken on an appetite for risk. Other commodity currencies have outperformed it, but this might not be so much Canada's "fault". The spread of coronavirus is theorized to be…
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EURTRY rose to a 2-year high on June 22. The top at the 8.00 psychological level formed a firm resistance (psyres). The record high at 8.2051 is likely to be revisited shortly.  However, a valid breakout of the said resistance must be…
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Inventories Surge Higher Crude oil prices have managed to remain near recent highs this week. This is despite the latest report from the Energy Information Administration highlighting a further rise in US crude inventories. The EIA…
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The precious metal saw an aggressive rally on Wednesday, which took prices well past the 1800 level. The price of spot gold hit intraday highs of 1817 before making a modest retreat. The current gains could continue with any dips…
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Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles. The spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level. Price action so far…
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The British pound sterling is trading near a three week high, as the US dollar is trading soft. The UK's economic plan was unable to move the currency pair. Given the current momentum, GBPUSD is reaching for the 1.2643 level. It is quite…
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The euro is retesting the 1.1347 level of resistance, just two days after price failed to breakout. The range within 1.1347 and 1.1261 is strongly held at the moment. An upside breakout will potentially push the euro towards the 1.1400…
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