2020

NZDUSD hints to a bullish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ in the final primary wave Ⓩ. Wave Ⓩ is a simple zigzag consisting of intermediate sub-waves (A)-(B)-(C). Wave (A) is an impulse, whereas wave (B) is a bearish zigzag. In the short…
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USDCHF(USDCHF): USD Trova Un Supporto Su CHF S2: 0.904     S1: 0.906     R1: 0.912     R2: 0.916 Dopo aver abbandonato il supporto a 0.918 USDCHF si è avvitato trovando un sostegno in area 0.90. La resistenza più importante è…
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Muted QE Weighs in on the Greenback A tough day on wall street ensued as another slide in the technology sector helped pull indices lower. The ripple effects of the recent FOMC meeting were still filtering through as no further signs of…
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Gold The yellow metal has seen another rather subdued week of trading, with prices maintaining a quiet sideways range. The main focus this week was on the FOMC on Wednesday. The Fed delivered a message of caution and concern, citing a…
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The precious metal is on track to close in the red on Thursday. However, the pace of declines is limited following the initial reaction. Gold prices closed with modest gains on Wednesday, only to reverse those gains on Thursday. The…
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Oil prices made up for the losses set off last week. After breaking past the 38.83 level which did not offer much resistance, price action pulled higher. Late in the US trading session, oil prices briefly tested the 41.00 level before…
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The British pound sterling is trading mixed, albeit price action is attempting to pull back from the intraday lows. The declines were offset by the BoE meeting where officials hinted that they were open to negative rates. This saw…
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The euro currency is paring losses following the Fed meeting. Prices fell to a five-week low before recovering. This coincides with the trend line from which the common currency is reversing losses. Further continuation to the upside…
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Alibaba Shares Lower on Thursday Shares in Chinese E-commerce giant Alibaba are trading almost 2% lower pre-market on Thursday. Alibaba has had a broadly positive year with price breaking out to fresh all-time highs. However, as of…
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Every week, the Commodities Future Trading Commission (CFTC) issues a Commitment of Traders (COT) report. Basically, it's a summary of the positions held by large futures trading institutions. It covers all assets, but forex traders are…
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