Forex

In the president’s 4th of July speech on the White House lawn on Saturday, there was an agitated tone to his delivery. This is a speech that many presidents use to deliver messages of unity, hope, and praise to American people. However,… Read More

The British pound did not see much movement. Price action is trading somewhat flat for the past two consecutive sessions. Following the decline of the 1.2516 level, GBPUSD is forming a higher low. Therefore, a retest back to this… Read More

The euro is maintaining its sideways range. However, over the past few sessions, the recent highs and lows show a triangle pattern that is emerging. This could signal a possible breakout in the near term. The bias remains mixed for the… Read More

The XAUUSD structure shows a bullish impulse consisting of waves ①-②-③-④-⑤. A double zigzag completed the corrective move in wave ④. The complex pattern consists of intermediate waves (W)-(X)-(Y). This is now followed by the final… Read More

The markets lost their appetite for risk in the latter part of June. This was mainly due to reports of increased cases of COVID-19 around the world, leading to fears of another lockdown. But, whether we are heading into a second wave is… Read More

On June 10 USDNOK found support at the 9.1909 lower channel. It has since rallied to a high of 9.8136. While the overall scope is bearish, a hidden divergence points to a window of opportunity towards the upper channel. A bounce at… Read More

Gold The yellow metal broke out to new 2020 highs this week as swelling concerns around the prospect of a second wave drove safe-haven inflows. The rally in gold this week comes despite fairly resilient moves in equities markets, which… Read More

The British pound sterling rallied to the resistance level near 1.2516 level. However, price action is pulling back after a rally to that level. We could expect the pullback to continue to the trend line breakout. In the process, watch… Read More

The euro currency continues to maintain a sideways range. Prices are showing a strong consolidation around the 1.1261 level. Another attempt to rise above this level was met with resistance. For the moment, the falling trend is also… Read More

GBPUSD seems to be forming a cycle degree wave e. It is a triple zigzag that consists of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of the primary degree pattern seem fully complete. At the time of writing, final… Read More