technical analysis

The pair declined heavily amidst the increased volatility that spilled over from the equity markets. NZDCHF is currently on a corrective retrace higher and the question is, how far can this correction run? The daily chart above… Read More

USDCAD Consolidates its Gains The US dollar bounced back as the demand for safe assets continues to rise. Despite the central bank's interventions to ease the strain in the funding markets, which temporarily drove the greenback… Read More

The precious metal has become somewhat weaker after the previous volatility seen in the weeks gone by. Price action is gradually drifting higher, in an attempt to test the previous highs. The main level of interest is 1632. A breakout… Read More

The pound sterling is looking to break out from its range as price slipped from the lower range on Friday. The declines below 1.2260 level could indicate a move lower. However, the intensity in the breakout remains weak, putting to… Read More

WTI crude oil prices are rising higher for a second day. Prices rose over 16% into Friday’s close, led by the optimism of an OPEC supply cut. At the time of writing, WTI crude oil prices are trading near the resistance level of 28.00.… Read More

The euro currency’s gradual declines pushed the currency down to the support area of 1.0787 into Friday’s close. As widely expected, price quickly bounced off this support level to close on a bullish session in the final hours on Friday… Read More

The current EURUSD structure suggests that we could be looking at the final part of a cycle-degree zigzag consisting of sub-waves w-x-y. At the time of writing, wave y seems to be under construction. This is also a primary-degree Ⓐ-Ⓑ-Ⓒ… Read More

The pair did a swing low to 1.6779 on March 5th and then a swing high to 1.9799 on March 19th. It is currently on a retrace and posted a low of 1.7672 so far. Big swings are in play on the FX front since central banks started lining up… Read More

Gold It’s been a much quieter week for the yellow metal on the back of the recent volatility we have seen in prior weeks. The ongoing coronavirus situation continues to dominate market news-flow and remains the key catalyst for price… Read More

Gold prices are slightly bullish, rising over 1.50% on the day. Price action reclaimed the resistance level of 1594. This puts the upside bias into the picture. In the event that prices pullback lower, then we expect the 1594 level to… Read More