2020

The Pound sterling briefly rose to highs of 1.2364 before retreating lower. Price action is currently back near the price level of 1.2275. Given that this proved to be a resistance level, the retest will likely establish it as support.…
Read More

The euro currency is on the front foot as prices once again rose to test the 1.1000 level. A brief breakout above this level led prices to intraday highs of 1.1030 before settling back under 1.1000. Despite attempts to push higher,…
Read More

The current formation hints to a zigzag pattern consisting of intermediate sub-waves (A)-(B) -(C). Sub-waves (A) and (B) are fully completed. Wave (A) is a 5-wave impulse, and wave (B) is a triple zigzag. Currently, we can see wave…
Read More

Round two! We have the second reading of GDP for major economies coming up in the next couple of days. Normally, the second reading isn't a market event, because there's very little, if any, change, compared to the flash readings.…
Read More

The USDCHF currency pair bounced off a major 3-month trendline support at 0.9650 on Tuesday. At the said level, there also lays the regression medium-term trendline of the descending channel starting Apr 24. With the RSI (9) indicating…
Read More

EURNZD (EURNZD): Possibile Recupero A Breve S2: 1.749     S1: 1.76     R1: 1.785     R2: 1.81 Continua il recupero della valuta europea nei confronti del Dollaro NZD, con le quotazioni stabilizzate sotto 1.825. La configurazione…
Read More

The precious metal is trading rather flat as the momentum is easing. Gold prices are trading close to the 1728 level as the rising trend line is broken. As long as XAUUSD does not rise above 1731.70, we expect the bias to remain to…
Read More

WTI Crude oil prices managed to break past the 33.66 level of resistance after a bit of consolidation on Monday. Price action, if it continues, could see further gains coming along. But with the volatility in crude oil currently…
Read More

The GBPUSD currency pair is up almost 1.3% intraday. The gains follow after the technical bullish resistance which formed in the previous sessions. This is validated with prices breaking past the technical resistance level of 1.2277.…
Read More

The single currency caught a bid as the dollar was soft. As a result, the EURUSD is rising over 0.65% intraday. Prices remain well below the resistance area of 1.1000 level for now. Given the positioning in the Stochastics oscillator,…
Read More