2020

The pound sterling rose briefly late last week to test the 1.3300 level. But with prices being rejected at this level, the currency pair was pushed lower. Finding support off the rising trend line, GBPUSD managed to close just a few pips…
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The euro currency touched down to lows near 1.1785 last week, but prices were rejected twice at this level. This pushed the common currency to close somewhat higher. Still, the bearish outlook remains. We expect prices to now remain…
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Record Stock Drop Shares in US tech giant Apple are trading almost 1% lower pre-market on Friday. Apple grabbed headlines last month when it became the first company to surpass the $2 trillion mark. To put this in perspective, the $2…
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Many people suddenly became aware of Belarus on August 10, the day after the controversial presidential elections concluded. Reports surfaced that the internet was restricted. In addition, both presidential candidates claimed to have…
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The current USDCNH structure hints to the formation of a corrective wave b. The market saw a decline after completing the bullish impulse a. Wave b is a double zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The intermediate impulse (A)…
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USDZAR(USDZAR): Dollaro In Affanno Sul Rand S2: 16.498     S1: 16.611     R1: 16.869     R2: 17.016 L’importante progressione ribassista per USDZAR sembra essersi esaurita, con il Dollaro USA che ha trovato sostegno in area 16.50…
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XAUUSD entered consolidation after a bearish pullback from recent record highs. The pair has seen a bullish momentum since the beginning of April. It has remained above the $1900 area indicating a possible move to the upside. The…
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US stocks dipped on Thursday as all three major indices closed lower. Profit-taking was apparent as the indices continued to set record highs this week. The Nasdaq closed 5% lower, whilst the S&P and Dow fell by over 3%. Apple…
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Gold Despite some initial highs seen earlier in the week, buying pressure has reversed in the yellow metal for the week. This caused the safe-haven to go negative on the week following a large sell-off on Wednesday. The sales seen…
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The precious metal remains weak as price fell for the second day. However, the pace of declines was limited as XAUUSD is currently helped by the long term rising trend line. With the Stochastics oscillator in the oversold level and the…
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