technical analysis

GBPCHF has seen an ascending channel up until the start of September. A sell-off in the instrument saw prices fall through the lower regression to the 1.16 region which was last seen in March. Currently, another attempt at fresh lows is… Read More

The precious metal is down over 2% intraday after weeks of consolidation. Following the previous rise to the 1967 level of resistance, gold price drifted lower. However, as the momentum is building up, the precious metal broke past… Read More

Oil prices are down nearly 4% on Monday. The declines come despite threats of new storms hitting the US coast which could see oil refineries shutting down again. The dollar is strong trading stronger, which is adding to the decline in… Read More

The British pound sterling is trading weaker, hit by a host of bearish factors. The threat of negative interest rates and a second lockdown are weighing on the cable. Earlier, the currency pair attempted to reverse losses. However,… Read More

The euro currency opened on Monday on a bearish note. The declines were sparked by concerns of another surge in the COVID-19 cases, threatening yet another lockdown. In response, the EURUSD is trading bearish and it is quite likely… Read More

NZDJPY Awaits RBNZ catalyst The New Zealand dollar has slowed down its advance across the board as the Reserve Bank of New Zealand is scheduled to meet on Wednesday. The probability that the central bank embraces negative interest… Read More

The current GBPJPY formation suggests a cycle degree flat a-b-c. Wave b has completed on a triple zigzag pattern. This pattern consisted of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Following wave b, we are now in the final cycle of wave c. We… Read More

The S&P500 index closed rather flat following two consecutive weeks of declines after touching new all-time highs. However, in the process, the trend line that we were closely watching broke, pushing prices lower. On a daily… Read More

The precious metal continues to trade sideways with the weekly session closing almost flat for the second week. However, prices are trading ever closer to the trend line on the weekly chart. The failure to move higher could signal a… Read More

Oil prices managed to make an impressive recovery with price action recovering nearly half of the declines set off in the previous two weeks. As a result, oil prices are now trading near the 41.00 level. There is, however, a strong… Read More