2020

Over the next couple of months, we want to keep an eye on inflation numbers. Why? Well, there are two competing theories about what's going to happen with the massive amount of stimulus that's being put into financial markets to deal with…
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Gold prices are recovering following the sell-off from last week. Price action fell to the expected support level of 1671.95. Following this decline, prices are rebounding. We expect a possible move higher. The previous level of 1712…
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Crude oil prices are down over 42% intraday basis. The declines come amid a sell-off that started in the Asian trading session. Price action is now trading below the lower support area of 11.86. The current momentum will likely see…
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The British pound has been trading flat over the past few sessions near a price level of 1.2485. We could expect a possible upside breakout on a close above this level. However, the Stochastics oscillator is pushing lower. This could…
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The EURUSD currency pair is trading rather flat as prices remain caught below the level near 1.0905. The initial downside breakdown below this level saw prices pushing lower. However, the euro currency failing to reach to the lower…
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The current DXY formation hints to a large bullish 5-wave impulse consisting of sub-waves I-II-III-IV-V of a cycle degree. Currently, a bullish impulse V of a cycle degree is under construction. It consists of primary sub-waves…
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Gold prices closed last week with a doji candlestick pattern right near new highs. Price pulled back after testing highs of 1747.04. The set up suggests a possible pullback lower. As long as price does not close above the 1709 level,…
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Last Week’s Highlights US Housing Data Hit Hard by the Pandemic The monthly housing starts data, which is a measure of the number of new residential construction projects, fell 22.3% in March. Data from the Commerce Department showed that…
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