2020

The precious metal is trading back near the technical resistance level of 1712.47. As the sideways range is maintained, we expect prices to drift lower. There is also a trend line that will come in as dynamic resistance keeping a lid…
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Price action in WTI crude oil markets have come to a standstill. Although trading above the 25.00 level, prices are trading rather flat. With only a modest lower high forming so far, this consolidation could see a breakout in the near…
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The British pound sterling is looking to finally emerge from the sideways range. This comes after price was trading below the lower support level of 1.2277. A strong close below this level on a daily basis will confirm further…
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The euro currency is trading rather flat after prices posted a modest gain intraday. After rising to highs of 1.0896, the euro currency gave back the gains. Price action, however, remains firm to the upside for now, trading above the…
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USDJPY seems to be forming a bullish Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ formed a 5-wave impulse and wave Ⓑ a simple (A)-(B)-(C) zigzag. Wave Ⓒ has only just started moving up. Currently, the pair is moving in the intermediate wave (1) of Ⓒ. It…
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Now that governments around the world are moving to end lockdown measures and get the economy going again, the question is: what now? It's the law of economics that leaving markets to their own devices, they will naturally tend towards…
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Aussie bulls failed to break the descending trendline TR2 twice now. With bears having had an easier job against weakening bulls, a breakout of the ascending channel starting Mar 26 occurred on May 11. A test of the short-term low at TR1…
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USDJPY (USDJPY): Frenata A 107,60 Su Rischio Asia S2: 106,702     S1: 106.917     R1: 107.519     R2: 108.123 Il cambio USDJPY dopo aver mostrato una buona reattività in area di supporto a 106.50 frena a quota 107.60 che per tutto…
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The precious metal is on a rebound once again as price action is steadily rising after slipping to 1691.76. The upper level near 1716.57 could come in as resistance unless there is a strong breakout. As a result, we expect gold prices…
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Price action in crude oil has turned rather flat. Although WTI is up close to 2% intraday, the bigger picture shows a trendless market Price action has, however, settled comfortably above the 25.00 level. As long as this level holds,…
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