2020

EURCHF witnessed bullish momentum in the early part of November, pushing prices past the €1.08 area. A period of consolidation resulted in a spike at monthly highs aided by a hidden bullish divergence. However, since then, bears have…
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Dollar Shows Modest Gain, But Worries Continue The dollar index rose by 0.10% yesterday but failed to break the 92 handle, on a quiet Thanksgiving holiday. President Trump has signaled that he is prepared to leave the White House,…
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Gold Gold prices have come under heavy selling pressure this week. The safe-haven asset broke below the 1862.07 level which has underpinned price action since July. The sell-off was fuelled by the continued risk-on move which is sweeping…
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The precious metal is consolidating into a sideways range after falling below the 1817.80 level of support. On the daily chart, we have the long term support coming from the 200-day moving average. With price action closing flat,…
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The British pound sterling is retreating after rising to a three-month high. Price action is supported by the rising trend line at the moment. This could keep the GBPUSD currency pair supported for now. Failure to post any new highs…
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The euro currency is trading on a flat note on Thursday. This comes after the common currency rose close to 0.61% in the past two days. The flat movement comes near the 1.1900 level. The euro currency has breached past this level, but it…
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FedEx Rally Pauses Shares in US multi-national delivery firm FedEx are trading a little lower pre-market on Thursday. The current pause will be of little frustration to holders of the company’s stock given the impressive 200%+ rally seen…
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As illustrated in a Nature article published on Tuesday, scientists are puzzled by the preliminary results of covid tests. Given expectations and historic vaccination results, there appears to be something odd going on. And something…
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UKOIL shows a bullish trend which takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ is a bullish impulse, whereas wave Ⓑ is a correction in the form of a bearish (A)-(B)-(C) zigzag. Wave (B) is an intermediate contracting triangle.…
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EURGBP has been trading in an ascending channel since reaching lofty highs in September. Since then, we have seen several attempts to break higher from the channel, with many false attempts leading prices lower. Several hidden bearish…
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