2020

GBPAUD downside distribution emerged in weighty steps. Prices fell from a top of 2.0855 down to a recent low of 1.7860. The deep, however, is poised to end. This can take shape near the lower support of the regression channel starting in…
Read More

The precious metal is recovering following last week's decline from a fresh nine-year high. Price action is trading around the 1783 level with the 4-hour chart signaling a Doji candlestick pattern. This could potentially either signal…
Read More

Oil prices are somewhat bullish on Monday. Price action is modestly trading above the 40.00 handle. But crude oil is not out of the woods yet. A clean breakout above 40.00 is required to confirm the upside bias. For the moment, prices…
Read More

The pound sterling is seen holding its ground against the US dollar. Prices are up a modest 0.14% as the cable attempts to test the 1.2516 resistance level. The cable initially pulled back after testing this level just last week. A…
Read More

The euro currency made some gains on Monday as price action tried to break out from the triangle pattern. Prices briefly tested highs near 1.1347 before pulling back toward the close of the European session. The overall trend in…
Read More

There isn't a significant expectation of a major change in policy after the RBA's meeting, which concludes tomorrow. However, we still should approach the event - especially the policy statement - with a certain amount of caution. A lot…
Read More

Last Week’s Highlights UK Manufacturing Sector Stabilizes in June The latest manufacturing data from the United Kingdom for the month of June created some optimism. After a disastrous drop in the early months of this year, manufacturing…
Read More

The S&P500 index made some major gains last week. But prices stalled near the previous highs at 3160, marking a resistance level as a result. Friday’s price action closed into an inside bar indicating a near term breakout. The bias…
Read More

NZDUSD (NZDUSD): Top a 0.665 Prima Di Una Correzione S2: 0.6483     S1: 0.6507     R1: 0.6547     R2: 0.6587 La MM a 21 giorni sostiene il cambio NZDUSD che su base 0.64 sembra aver costruito un robusto supporto tecnico e dove…
Read More