2020

The precious metal is taking it easy amid a strong risk-on rally that is pushing equity markets to record highs. The risk-on sentiment comes on optimism on the developments for the treatment of the virus. Price action is supported…
Read More

WTI Crude oil rose slightly higher on Monday amid storms in the Gulf of Mexico. The storm is threatening a complete shutdown of oil production units in the region. Oil prices rose to intraday highs of 42.85 before pulling back. Any…
Read More

The British pound sterling briefly tested the price level near 1.3122. Price action was rejected, and this resulted in a strong bearish candlestick. The current declines could see GBPUSD testing the lower support at the 1.3000 region.…
Read More

The common currency is trading somewhat flat on Monday. Price action on the 4-hour chart shows a lower high forming. At the same time, we also have the hidden bearish divergence. From here on, EURUSD will most likely slide to the…
Read More

Qualcomm Higher Pre-Market Shares in US tech firm Qualcomm are trading over 2% higher pre-market on Monday. The company has been in the spotlight recently over a court case. Within the case, they claimed that Qualcomm had abused its…
Read More

Last week, new coronavirus cases in Germany averaged over 1,000 per day, marking the highest number since April 24. The steady growth has coincided with other countries across Europe in the middle of vacation season. Following a meeting…
Read More

The 2-month CADJPY high witnessed on the Aug 14 has seen a pullback towards the 80 area. The momentum indicator had previously witnessed a hidden bullish diversion. We now look to the 38.2% of the Fibonacci retracement for further signals.…
Read More

Last Week’s Highlights Japan's Economy Contracts in the Q2 The Japanese economy contracted in the three months ending June in 2020, but at a lesser pace. Japan's GDP fell 7.8% during the period on a quarterly basis. It was, however,…
Read More

APPLE (AAPL.OQ): Al Rialzo, Senza Freni S2: 468.84     S1: 483.16     R1: 505.63     R2: 513.78 Re incontrastato dell’equity USA, il titolo APPLE procede senza freni nella sua traiettoria rialzista, trovando peraltro il sostegno a…
Read More