2020

Oil prices are trading slightly higher with prices rising modestly, by 1.50% intraday. However, prices remain strongly below the 22.00 handle meaning that there is still a downside risk. For the moment, price action is caught in the…
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The British pound has been trading flat since late March. Prices are caught within the range of 1.2485 and 1.2277. A breakout from this channel is likely to occur in the near term. Given the upside bias prior to this range, we expect…
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The euro currency continues to decline after failing at the resistance level of 1.1055. Even further declines could come in the near term. The downside target is at 1.0787 where support will most likely form. However, we could expect…
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The current USDCNH structure indicates that the market is currently forming the final part of a large bullish zigzag consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. Impulse wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5).…
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GOLD (XAUUSD): Forte Richiesta Sull’Oro Fisico S2: 1,560.47     S1: 1,578.53     R1: 1,630.13     R2: 1,681.73 Nella sessione precedente i prezzi dell’Oro hanno accusato una flessione, spostandosi nella parte bassa di un “pennant”…
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The pandemic has caused ripples in equity markets, and indices everywhere have been getting the brunt of it all. After huge losses initially, there has been relief provided by central banks around the world. These have slashed interest…
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The precious metal is trading a bit weaker, down over 0.50% on the day. Prices are trading near the 1595 handle. But a strong rebound off this level is keeping the upside intact for now. To see further gains, XAUUSD will need to break…
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Crude oil prices remain weak, although price action is somewhat on a stronger note. The commodity is slightly up 1.5% on the day. However, briefly, prices tested the 22.00 level. But, failure to breakout above this level is keeping…
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The British pound is on track to test the resistance level of 1.2858. This comes after prices briefly tested the support level of 1.2277. With support forming here, a breakout above the previous local highs of 1.2486 will confirm the…
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