Crude Oil Extends Declines For Third Session
Oil prices are trading lower for the third consecutive session. The declines come following last Wednesday's brief rise to the 41.00 handle.
Following this, price action has been trading weaker. For the moment, there is no fundamental…
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GBPUSD Settles Into A Range
The British pound sterling failed to build upon the double bottom pattern from the last price.
While this bullish pattern is not yet invalidated, prices are trading flat.
GBPUSD is stuck within the range of 1.2643 and 1.2516 levels…
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Euro Rises To A Fresh Four Month High Before Retreating
The euro currency opened on a bullish note, from the optimism on the ongoing EU talks on fiscal stimulus. This helped the currency pair to rise to a fresh four-year high of 1.1467.
However, following this brief surge, prices pulled back…
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EURUSD Bearish Sequence in Motion?
The EURUSD structure hints at a bearish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree.
Wave Ⓐ formed a 5-wave impulse pattern, whereas wave Ⓑ formed a simple (A)-(B)-(C) zigzag.
We now expect the market to move down in impulse wave Ⓒ.
The…
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Facebook Shares Fall As More Names Join Boycott
Shares in US social media titan Facebook ended last week 2.28% lower.
They are trading 0.84% lower pre-market on Monday. A spate of recent negative headlines has seemingly put an end to the Facebook rally for now with price having…
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