2020

The rally in oil prices saw the commodity finally hitting the technical resistance level at 33.59. This comes as the commodity rose over 5% intraday on Wednesday. But with the Stochastics oscillator indicating a possible divergence,…
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GBPUSD is maintaining a steady pace as the recent rally has pushed price to the technical resistance area of 1.2271. The strong hidden divergence on the Stochastics points to a possible correction lower. Given that GBPUSD has formed a…
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The euro currency is rising steadily, with a boost from a weaker US dollar. Price action is, however, indicative that a correction could come in the near term. At the time of writing, EURUSD is seen filling the gap from May 1st, 2020.…
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The GBPJPY structure shows a primary complex pattern consisting of an (A)-(B)-(C) standard zigzag. Wave (A) is a 5-wave bullish impulse, and wave (B) a double zigzag consisting of minor sub-waves W-X-Y. Wave (C) is currently under…
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There have been a number of different stimulus programs announced to deal with the economic fallout of COVID-19. And they can get quite confusing. Especially when we consider that each country, and often parts of countries, have their…
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The 2-hour chart of CADCHF shows that the pair has been trading within an ascending channel since March 19. Despite trading within the lower end of the regression channel, it remains above the trendline resistance TR1 (now support). And…
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NASDAQ100 (NAS 100): Resistenza Tecnica Fortissima S2: 9,212.16     S1: 9,255.6     R1: 9,382.2     R2: 9,508.9 L’impostazione di breve per l’indice NASDAQ100 rimane al momento a propensione positiva, considerando margini di…
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The precious metal is trading flat after prices fell sharply just the day before. For the moment, gold is trading below the key price level of 1747.00. There is scope for price to briefly retest the 1747.00 handle. A breakout above…
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Crude oil prices continue to trade higher. But prices are easing back after WTI crude oil rose to a two-month high in the previous session. The minor pullback could potentially see the bullish momentum pushing prices higher. The main…
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The pound sterling is building up gains on the back of a weaker USD. But, the current price action suggests that the gains might be overdone for the moment. This comes as there is a confluence of the horizontal resistance level and…
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