2021

The precious metal continues to trade flat amid the US dollar strengthening. While prices have managed to stay afloat above the 1850 level of support, the upper resistance level near 1874 is proving hard to break. As a result, gold…
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WTI crude oil prices are posting modest gains rising over 1% on Monday. This comes as prices briefly slipped below the lower end of the range near 51.87. Despite the current pace of gains, oil prices remain stuck within the range between…
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The British pound sterling is also on track to post declines following a period of consolidation since last week. Price action is currently testing the lower trendline of the ascending wedge pattern. A continuation to the downside could…
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The euro currency is trading weaker on Monday following two daily sessions of gains previously. Price action remains confined below the 1.2144 level of resistance. Given the current pace of declines, the EURUSD currency pair is likely to…
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Earnings Beat, Revenues Miss Shares in iconic US restauranteur McDonald’s have been a little higher over recent trading in response to a better than expected set of Q4 earnings. The company’s stock price has been under selling pressure…
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Last October, EuroZone economic activity was reported to have exceeded expectations. In fact, it pulled the shared economy technically out of a recession. Technically, because compared to the prior year, the economy was 4.4% smaller. And…
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The GBPJPY pair currently shows a bullish intervening wave X of a cycle degree. This takes the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag of the primary degree. The first four sub-waves are already fully complete, whereas the final actionary…
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USDJPY(USDJPY): Dollaro Al Contrattacco Sullo JPY S2: 103.86     S1: 104.27     R1: 105.01     R2: 105.34 Il Dollaro Usa è visto in recupero con lo Yen Nipponico per la prossima settimana, in risposta al prolungato ribasso che…
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Last week’s highlights Australian exports rise by 5.5% in Q4 2020 Export prices in Australia rose by 5.5% on a quarterly basis ending December 2020. The official data from the Australian Bureau of Statistics showed that it beat the…
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