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Crude Oil 4 Hour cycle is bullish against 2/11/2016 (26.05) low and 1-hour cycle is bullish against 6/21/2017 low (42.05). Oil has ended cycle from 8/1/2016 low (39.19) and currently correcting that cycle in 3, 7, or 11 swing in wave IV. As far as bounces fail below 70.44 high, expect Oil to extend lower 1 more leg before the rally resumes. We favor the downside...

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USOIL the pair traded in bullish trend , After API surprised markets with a 1.1-million-barrel build in crude oil inventories yesterday, the EIA reinforced the mood by reporting a 2.2-million-barrel build for the week to April 20,The effect of EIA’s latest inventory report on oil prices would be interesting to watch; API’s figures seemed to remind market players...

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EURUSD the pair overall still bullish trend, the pair trade in large range bound between 1.22 to 1.2450 last week but the overall theme of the week was that of dollar strength. earlier the dollar weakening all across the board Due to the decision of the US administration to impose tariffs on various Chinese goods.This has led to some choppy trading in the pair as...

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AUD/USD A hotter-than-expected Chinese industrial production figure is good news for the Aussie dollar, a proxy for China.The data, though positive, is likely being taken by trades with a pinch of salt, given the Lunar New Year holidays usually distorts the economic numbers. Also, mild risk aversion as represented by a 0.20 percent decline in the S&P 500 futures...

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USOIL the pair drop more than 8% on Friday , Strong production data reported this week by the Department of Energy, was likely the catalyst for the selloff although the general risk off trade also played a role, overall global demand is as strong as it has been in at least eight years,Data from China General Administration of Customs showed that China’s oil...

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USD/JPY the pair is overall still under pressure with Japanese Yen outperforming against its major counterparts, but recent price action highlights the risk for a larger rebound in the exchange rate as the pair fails to test the 2018-low (108.28).Fresh comments from Fed officials have done little to alter the near-term outlook for USD/JPY as Dallas Fed President...

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EURCHF the pair overall is bullish trend , after the SNB Over valued Statement for CHF has fallen more than 100 pips, as technical the pair trading in a upward trending range to test 1.20 floor, but before going to high we can see a short term fall in EUR CHF pair to test 1.1720/1.1690. If the pair break 1.1822 resistance range we have next target of 1.20.

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USOIL the pair rally after the news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. Prices remained elevated, as the issue will reduce production by nearly 100K barrels of oil a day. on the otherside ,technically the pair look strong, we can see soon 60.50/61.60, but currently the pair pause on touch at $60.00 barrel, on daily...

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New Zealand Dollars are trading higher on Monday. Most of the support is coming from a weaker U.S. Dollar. The Greenback is feeling pressure from concerns over U.S. tax reform. However, last week’s solid domestic events are also underpinning the currencies along with the Fed’s “dovish” outlook for interest rate hikes in 2018 and 2019.as technically the pair traded...

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USOIL the pair keep rising after OPEC extended production cut for next year, but at the same time higher prices will bring American oil into the market in larger amounts. OPEC has recently released a white paper suggesting that the Americans are going to be a bigger problem than originally thought.Crude oil price keeps its stability above the EMA50, to keep the...

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GBPUSD the pair fall after BOE's announcement, as the central bank maintained rates and the APP unchanged, as largely expected, while reiterating that interest rates will likely rise gradually during the upcoming years. US positive data released ahead of Wall Street's opening coupled with the dovish BOE to send the pair to a daily low of 1.3391, currently...

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EURUSD the pair overall still bearish trend , As fundamental , The US Dollar strengthened during the previous week on US tax reform and Friday’s non-farm payrolls data showed the economy created more jobs than expected in November.we have more strong fundamental data this week , as technically the pair keeps its stability below 1.1808 level, to keep the negative...

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GBPUSD the pair early gain yesterday after reports surfaced that an initial Brexit deal between the UK and EU was close to being reached but it reversed course after this confirmation that no deal had been reached yet. The losses may be limited for the time being, however, as both May and Juncker were optimistic that an impending agreement was still likely.As...

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USDCAD broke higher during the course of trading yesterday and now they trade comfortably above the 1.2850 ,by the weakness in the oil prices and also by the strength in the dollar. The dollar has been strengthened by the smooth passage of the tax reform bill through the Senate so far and by the look of things, it looks as though the bill would get passed and this...

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NZDUSD the pair fall again after there was no hawkish statement in emollient parliamentary testimony, The pair shows sideways trading since morning keeping its stability above 0.6900 level, As technically the pair trading above support zone 0.6852 with the double bottom candle pattern on Daily time frame, we can see rally to test 0.6980/0.7710, Longer-term...

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AUDUSD the pair have recovered from early session weakness and are now trading higher, resuming the rallies that began last week with the release of the dovish Fed minutes, As technically the pair trading on 1hr support zone with 200 MA , we expect short term bullish momentum towards test his resistance zone 0.7645/0.7680, if break these level we can see another...

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USD JPY the pair shows overall Bearish trend,Fed's dovish minutes weighed on US yields, saved on Friday by a strong bounce in their European pairs.The news helped tighten the spread between U.S. Government Bonds and Japanese Government Bonds.this helped make the Japanese Yen a more attractive currency. As technically the pair trading on support zone 111.06 as it...