Forex Trading Blog and Market Insights

Mercati In Transizione Tecnica Prima Del Ribasso

Fabio Michettoni Apr 13, 2020 630 0

CRUDE OIL (US Crude Oil): Debole Su Tagli Alla Produzione S2: 18.77 S1: 20.76 R1: 26.55 R2: 32.34 Il tanto combattuto taglio alla produzione non ha sortito l’effetto di rafforzare le quotazioni del greggio, costretto a…
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Technical Analysis

The Week Ahead: Supply Gap

Jing Ren Apr 13, 2020 945 0

USDCAD Continues to Fall Back The US dollar may extend its retreat against its neighbor after oil producers agreed to production cuts. OPEC+ announced plans to curb output by more than a fifth or 10 million barrels per day to support…
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Technical Analysis

Oil Price War Ends!

Stavros Tousios Apr 13, 2020 291 0

The OPEC+ cartel agreed to cut production by 9.7M bpd in May and June and pledged to increase cuts to nearly 20% of the global supply if necessary. Crude oil opened 9% higher on Easter Monday but traders were quick to discount the spike on…
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Technical Analysis

Gold prices close with a doji

Orbex Apr 13, 2020 286 0

The four-hour chart on gold closed rather flat on Thursday. The metals market was closed on Friday for Good Friday. Although price action closed above the level of 1671.95, we anticipate a possible pullback lower. Watch for a close…
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Technical Analysis

Crude oil gives back the gains

Orbex Apr 13, 2020 266 0

Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day. Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower. Further…
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Technical Analysis

GBPUSD retreats off the upper range boundary

Orbex Apr 13, 2020 296 0

The British pound made a steady gain, rising to the upper end of the range at 1.2485. Into Friday’s close, prices were retreating lower. Failure to breakout above 1.2485 could keep the currency pair range-bound. However, a lot will…
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Technical Analysis

Can EURUSD establish support at 1.0950?

Orbex Apr 13, 2020 1,185 0

The euro currency broke out past the resistance level of 1.0950 into Friday’s close. Price action advanced slightly higher to highs of 1.0951 before retreating. The current retracement will see EURUSD falling back to the 1.0950 level.…
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How Are The Fed’s Radical Measures Affecting The Prices of Gold?

Stavros Tousios Apr 10, 2020 2,056 0

The Fed's announcement was taken to heart by some of the institutions trading FX yesterday. Do you know why the new liquidity operations are riskier than ever seen before? And did you get a chance to see how gold has performed since…
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Technical Analysis

USDCAD: Triple Zig-Zag Nears Completion Level

Roman Onegin Apr 10, 2020 654 0

The current USDCAD structure hints to the formation of a primary simple zigzag Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ are completed, whereas impulse wave Ⓒ is still under development. Wave Ⓒ consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5).…
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Italiano

Trader A Caccia Dell’Invisibile

Fabio Michettoni Apr 10, 2020 732 0

GBPUSD(GBPUSD): Prossimo Il Reversal Del Pound S2: 1.2309 S1: 1.2387 R1: 1.2513 R2: 1.2639 Il “CABLE” in quest’ultima ottava ha confermato il superamento di quota 1.2480 dopo il violento re-coil dai minimi degli ultimi…
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