2021

The precious metal is posting modest declines a day after the precious metal fell over 1.2%. However, price action remains well supported above the 1817.80 level. In the near term, we expect price action to remain trading flat within the…
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Crude oil prices are posting solid gains for the third consecutive session. The gains come on the back of declining crude oil inventories. It's further due to news that the Democrats took first steps toward advancing President Biden's…
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The British pound sterling pushed below the rising wedge pattern and price action is likely to fall further. The short term resistance level near 1.3678 is likely to keep a lid from price posting further gains. To the downside, we expect…
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The euro currency is posting declines for three consecutive days. Price action is now trading below the 1.2050 level. This comes even as the Stochastics oscillator is firmly below the oversold level. Price action posted a modest rebound…
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Shares in Chinese tech company Alibaba are trading a little higher pre-market on Wednesday. The company’s share price has been on a recovery mission over recent months. Following the steep declines from the 2020 highs around the 320 level…
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There is quite a bit of market anticipation ahead of tomorrow's BOE meeting. In fact, there is the potential for some market-altering announcements. With the interest rate at 0.1%, there has been increasing speculation that the BOE might…
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AUDCHF has been finding upside momentum since the back end of 2020, with prices hitting multi-year highs. More importantly, the recent trend has seen a bounce off the engulfment of the Ichimoku cloud, indicating that the current trend…
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USDZAR(USDZAR): Dollaro In Tenuta Contro Rand S2: 14.555      S1: 14.75     R1: 15.375     R2: 15.659 L’importante progressione ribassista per USDZAR sembra essersi esaurita, con il Dollaro USA che dopo aver trovato sostegno in area…
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Investors Await PMI and ADP The US index found resistance at propelling through the 91 barrier yesterday. However, it did manage to close slightly higher as the session wound to a close. The rising risks in the market associated with…
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