2020

The S&P500 index managed to climb its way back up to the 3388 level where resistance has already been established. Following the market route in September, the equity markets have now been hit by the uncertainty of the US elections…
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The precious metal closed on Friday with some modest declines. But overall price action shows that we could see some consolidation taking place near the 1900 - 1911.50 level. Given that this level previously served as support,…
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Oil prices continue to move lower, marking a second consecutive week of declines. Following the breakdown below the 38.83 level of support, oil prices are now trading close to the 36.5 level of support. A retest of this support is…
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The British pound sterling recovered from the losses in the week before, by closing last week with gains. Price action remains flat both on the weekly charts as well as on the 4-hour chart time frame. Trading within the 1.3000 and the…
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The euro has been trading somewhat mixed with price action perched near the 1.1715 - 1.1700 region. On a weekly basis, the euro closed last week with gains. It also managed to offset some of the losses from the prior week. So far, the…
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Shares in US transport-technology company Uber are trading almost 2% higher pre-market on Friday. Uber has had a series of headlines over recent days which have helped create bullish sentiment. This in turn has supported Uber’s stock price…
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Next week, we will have the major employment data baked into the market. So it's time to look to the future. As the services sector was the most impacted by COVID, non-manufacturing PMIs have come to the forefront in terms of market…
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The SPX500 structure hints to a bullish impulse consisting of cycle sub-waves I-II-III-IV-V. On the 1H timeframe, we see the final impulse wave of the primary degree. At the time of writing, primary wave ④ was complete. This is an…
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CADJPY's attempt at reversing its downturn from last month has been met with resistance. The exhaustion on the momentum indicator has seen a standard bearish divergence. This has been followed by a hidden bearish divergence that could…
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