2021

The precious metal attempted to post modest gains on Friday as price action tested the 1874 level of resistance. However, prices gave back the gains rather quickly intraday to settle back near the 1850 handle. Failure to break out above…
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Consolidation in the crude oil markets continues to stretch into the third week. Price action continues to trade nearly flat for three weekly sessions so far. As a result, price action is firmly entrenched within the sideways range…
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The British pound Sterling continues to trade rather mixed albeit near the recent highs. The consolidation has formed the ascending wedge pattern which could potentially signal a correction lower upon a bearish breakout. On Friday, the…
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The euro currency has now posted back-to-back gains for two consecutive sessions. As a result, price action is trading back near the technical resistance area of 1.2144. However, price action remained somewhat mixed as the buyer still…
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Tesla shares are trading below yesterday’s closing price ahead of the US open today. The company saw its stock price slide over the last week or so, correcting from recent all-time highs around the 900 level to around 835 as of writing.…
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Over the last months, the dollar had been steadily weakening. But recently, and in particular, after the Fed's policy meeting on Wednesday, the greenback has been trending higher. There are quite a few reasons for this. And these are…
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The chart shows the structure of the cycle wave V, which takes the form of an ending diagonal. Currently, the final primary fifth wave is under development and is likely to take the form of an intermediate zigzag. In the near future,…
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In a move that will be talked about for years to come, it seems like the average everyday trader is fighting back against the big dogs of Wall Street. Reddit's WallStreetBets has been the talk of the market over the past few weeks. The…
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Gold It's been a fairly uneventful week for gold traders. The market drifted gradually lower, but failed to find any real momentum. The resilience of the US dollar is having a dampening impact on gold, with traders keeping the greenback…
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