Looking at the technical picture of EASYMARKETS:NZDJPY on our 4-hour chart, we can see that the pair is currently coiling up, as it sits between two trendlines, a short-term downside one, drawn from the high of 5th of July and an upside one taken from the low of 24th of March. For now, we take a neutral stance and wait for a breakout.
A break of the...
Looking at the technical picture of EASYMARKETS:EURUSD on our 4-hour chart, we can see that the pair made its way back to its short-term tentative downside resistance line drawn from the high of 18th of July. This happened after finding support near the 1.0765 territory.
Given that the downside line currently remains intact, according to the TA rules, we have...
After reversing higher in mid-July, DXY has almost been on a continuous run to the upside. That said, from the broader perspective, the index is still trading below a medium-term tentative downside resistance line drawn from the high of May 31st. The price is already approaching that line and the question is will it end up breaking that trendline?
If the bulls...
Silver recently rebounded from a key support zone, at 24.53, which marks the highest point of June. Although there are signs that another upmove could be possible, we would still prefer to wait for a pop above the current highest point of July first, which is at 25.27 level.
If the precious metal rises and eventually violates the 25.27 barrier, this will...
From around the beginning of November 2022, Cotton futures have been trading in a range, roughly between the 75- and 89-dollar marks. As long as the price remains in that range, we will stay neutral. Only if we see the commodity breaking through one of the sides of that range, only then we will consider the next short-term directional move.
A break through the...
