technical analysis

Gold The yellow metal saw plenty of volatility this week. Price rallied firmly at the start of the week, extending the recovery off the 1763.88 support. However, sellers stepped in ahead of the 1826.71 level and saw price turn sharply…

The USDJPY currency pair hints at a primary impulse wave Ⓐ of a bullish zigzag. Wave Ⓐ consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Actionary waves (1) and (3) and corrective zigzag waves (2) and (4) have ended. At the time…

The precious metal continues to trade weak with price action extending declines for a third consecutive day. The declines come as Treasury yields are rising higher. Investors are betting that the global economy will re-open quicker than…

Oil prices are steady after rising to a new 13-month high. The gains come as the latest report shows a drop in US Crude oil output. The weaker dollar is also helping the commodity to maintain its hold. For the moment, prices are…

The British pound sterling is giving back the gains from Wednesday. The declines come as the cable rose to a new three and half year high earlier this week. The current declines come as investors head into the weekend with the drop…

The euro currency finally broke past the resistance area of 1.2177 - 1.2144. The breakout pushed the common currency to a three-month high on an intraday basis. The gains come as the US dollar failed to maintain its reversal on…

The GBPUSD currency pair shows the formation of a large cycle triangle. Currently, we see the final primary impulse wave Ⓒ of the zigzag cycle wave e. As part of the bullish impulse wave Ⓒ, a small correction wave 4 recently…

AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku…

The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a…

Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…