technical analysis

The current APPL structure hints at a bullish impulse consisting of sub-waves ①-②-③-④-⑤. At the time of writing, waves ①-②-③-④ have ended with the latter being a contracting triangle. In the short term, we could expect a slight… Read More

EURCHF witnessed bullish momentum in the early part of November, pushing prices past the €1.08 area. A period of consolidation resulted in a spike at monthly highs aided by a hidden bullish divergence. However, since then, bears have… Read More

The precious metal is consolidating into a sideways range after falling below the 1817.80 level of support. On the daily chart, we have the long term support coming from the 200-day moving average. With price action closing flat,… Read More

The British pound sterling is retreating after rising to a three-month high. Price action is supported by the rising trend line at the moment. This could keep the GBPUSD currency pair supported for now. Failure to post any new highs… Read More

The euro currency is trading on a flat note on Thursday. This comes after the common currency rose close to 0.61% in the past two days. The flat movement comes near the 1.1900 level. The euro currency has breached past this level, but it… Read More

UKOIL shows a bullish trend which takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ is a bullish impulse, whereas wave Ⓑ is a correction in the form of a bearish (A)-(B)-(C) zigzag. Wave (B) is an intermediate contracting triangle.… Read More

EURGBP has been trading in an ascending channel since reaching lofty highs in September. Since then, we have seen several attempts to break higher from the channel, with many false attempts leading prices lower. Several hidden bearish… Read More

The precious metal is gaining some support off the 200-day moving average. Price action is closing flat on the day, which could signal some near term reversal. This would mean that gold could potentially rise to test the 1817.80 level.… Read More

Oil prices are continuing to hold the bullish moment. Prices gained over 2% on Wednesday as WTI crude oil approached the 45.00 level of resistance. However, to steer clear above this level, further gains are required. For the moment, we… Read More

The British pound sterling is trading flat with no new highs forming after trading above the 1.3300 level. Prices briefly tested Monday highs, just below the 1.3400 level before retreating. We expect the cable to continue testing the… Read More