2020

The precious metal is caught in a sideways range right after prices fell sharply last week to a two-month low. Gold prices are currently steady with price action holding up above the 1850 level of support. The near-term consolidation…
Read More

WTI crude oil prices continue to trade mixed with price action holding steady below the 41.00 level of resistance. Monday's price action marks the fifth session where oil prices have been trading in a range, within the high and lows from…
Read More

The British pound sterling is trading stronger on Monday as price action managed to post a recovery.  This comes after cable-stayed flat since Wednesday last week. The bullish follow-through after Friday's doji candlestick pattern…
Read More

The euro is attempting to erase gains from last Friday in what could be a near term correction. After losing the 1.1900 handle, the EURUSD has been steadily posting a decline. Price action is somewhat stable, close to the 1.1600 level…
Read More

Volkswagen To Invest In Electric Vehicles in China Shares in German carmaker Volkswagen are trading almost 3% higher pre-market on Monday. The market continues to digest the news that VW, along with three joint ventures, will invest around…
Read More

Last Thursday, BOE Governor Bailey cautioned that the UK's recovery has been uneven. He claimed that he does not expect the growth rate we saw during the summer to continue into autumn. The comment didn't have a major impact on the…
Read More

EURUSD is forming an impulse consisting of sub-waves ①-②-③-④-⑤. The end of bullish impulse ③ at 1.201 led to the formation of corrective wave ④. The said wave is a standard zigzag (A)-(B)-(C) and could reach the 1.152 area. At that…
Read More

BANK OF AMERICA (BAC.N): In Evidente Trend Negativo S2: 23.03     S1: 23.35     R1: 24.41     R2: 24.89 Il colosso Bancario Usa si indebolisce ulteriormente con la perdita dei supporti in area 25.70. Tutti i riferimenti…
Read More

USDJPY Bounces Ahead of Key Data Risk aversion has put the US dollar back on track at the expense of risk-sensitive assets, for now. Short side’s profit takings ahead of this week’s string of data have likely contributed to the…
Read More

Crude oil prices gave back some of the gains made from the previous week. Price action turned negative for the week closing near the 40.00 handle. Still, the previous week's bullish engulfing pattern gives hope for the upside to…
Read More