2020

The euro currency is holding steady, rising to new three-month highs on Wednesday. The gains come after the euro successfully broke past the 1.1132 level. At the current pace, price could reach up to 1.1400 within a short span of…
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USDCHF seems to be forming a bullish zigzag that consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The market has completed an impulse wave Ⓐ, which was followed by a horizontal contracting triangle in wave Ⓑ. It seems that the pair has now begun…
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There is an increasing expectation that the ECB might actually make a policy change at their next meeting. But as for whether that will have an impact on the exchange rate, that's another question. EURUSD has been moving higher of late,…
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NASDAQ100 (NAS 100): A Caccia Di Nuovi Massimi S2: 9,461.6     S1: 9,559.5     R1: 9,707.6     R2: 9,855.8 Lettura ampiamente positiva per l’indice Nasdaq100 che mette nel mirino nuovi massimi a breve, verso i quali si frappone la…
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EURAUD weakening to a 5-month low of 1.6030 is a price level not reached in the last five months. What is more interesting with the pair's decline, however, is the break of the >3years ascending channel. The daily chart above suggests…
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The precious metal is down close to 0.80% intraday amid improving market sentiment. Following the lower high forming at 1745.14, the declines are potentially signaling a further drop. For the moment, the lower support level at 1717.65…
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WTI Crude oil prices rose more than 2% intraday on Tuesday. The gains came on the back of developing fundamentals that are bullish for the commodity. With prices now rising higher, we expect the gains to continue. The next main…
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The British pound continues to maintain its bullish stance. Price action rose to a five-week high, on the back of a weaker dollar. The next main resistance is at 1.2589 which could put the temporary gains on hold for the moment. This…
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The euro currency is posting a strong recovery with price action rising to a three-month high. This comes as prices break past the key level of 1.1132. Further gains could see this price level turning to support. Therefore, a pullback…
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The current SPX500 structure hints to a standard zigzag. The bearish pattern consists of cycle degree sub-waves a-b-c. Wave a completed in an impulsive manner. Correction wave b is under development at the time of writing. Wave b…
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