2020

The euro currency maintained its bullish stance as price action rose to a four-week high into Friday’s close. EURUSD tested the 1.0978 level. This marked the upside target of the inverse head and shoulders pattern. In the short term,…
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The current UKOIL structure suggests that the primary correction ④ is currently under construction. Wave ④ consists of three intermediate sub-waves (A)-(B)-(C) and is a simple zigzag, where (A) is an impulse, (B) is a zigzag, and (C) is…
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Governments need to have accurate information in order to make decisions. In a democracy, where the government is subject to the will of the people, the populace needs to be informed in order to evaluate the government's actions.…
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Gold prices are trading rather mixed on the day. Price action is strongly consolidating near the price level of 1712.50. For the moment, the resistance level is holding up. This could confirm the downside in prices. The minor…
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WTI crude oil prices are posting strong gains, gaining over 19% on the day. Price action is near the resistance level of 17.80. This marks the resistance level of the double bottom pattern. Oil prices need to break-out above this…
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The British pound is up over 1.0% on the day following the upside breakout. Over the last couple of weeks, price action has been trading within the sideways range between 1.2485 and 1.2277. Price action is likely to test the upside…
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The euro is up over 0.60% on the day following the ECB’s meeting. The currency pair which has been in a sideways range could eventually breakout. As widely expected, the inverse head and shoulders pattern has been validated following…
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NZDUSD structure resembles a bearish primary impulse wave Ⓐ,  which consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5). Currently, in wave (4), bulls could be in for a surprise as the corrective triple zigzag structure seems to…
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The 4-hour chart of GBPUSD is showing a divergence between prices and the RSI (6), which suggests that momentum could turn bearish any moment again. In fact, the bottom trendline of the descending channel starting December 12, 2019, will…
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