2020

WTI Crude oil prices are inching lower after the previous session’s gains to the resistance area of 28.00. Price action is showing some weakness after failing to breakout higher. This comes as the proposed OPEC+ meeting is pushed further…
Read More

The Pound sterling is trading within the range of 1.2277 and 1.2854. The currency brushed aside concerns after reports of PM Johnson bring admitted to the intensive care emerged. For the moment, the currency pair could continue its…
Read More

The euro currency is up over 0.90% intraday on Tuesday. The gains come following the common currency holding on to the support at 1.0787 level. The Stochastics oscillator is hinting a possible pullback. If a higher low forms, there is…
Read More

The current XAUUSD structure hints at a bearish trend. The potential 5-wave impulse consists of primary waves ①-②-③-④-⑤. With impulse ① competed and the upside zigzag (A)-(B)-(C) correction in wave ② looking exhausted, we expect markets…
Read More

There are a lot of events implicating the GBP, the latest being PM Boris Johnson contracting COVID-19 and being moved to the intensive care unit. The news has kept GBP under pressure due to the uncertainty. As a result, GBPNZD has found…
Read More

Gold prices are holding on to the bullish gains with prices rising sharply to a four-week high. This comes after the breakout above the previous pivot high of 1630. To the upside, the next main price level is at 1655. Failure to…
Read More

Oil prices continue to maintain a strong gain, building upon the momentum over the past few sessions. Price action is back to the resistance level of 28.00. Following this, oil prices are slipping back off this level. In the near…
Read More

The GBPUSD currency pair is rising back into range after slipping to the downside of 1.2280. The bias remains mixed for the moment. If GBPUSD enters into the range, then we expect the upside near 1.2485 to hold the gains in the near…
Read More

The euro currency is trading near the support level 1.0787 level. With the Stochastics oscillator moving from the oversold level, we expect the momentum to push prices higher. If the correction persists, then we expect a move towards…
Read More

The current GBPUSD structure shows a completed primary Ⓐ-Ⓑ-Ⓒ zigzag in wave b. This pattern is part of the cycle degree correction a,b,c. After the conclusion of wave b, bulls pushed prices higher to form a 5-wave impulse, labeled as the…
Read More