EUR has been on the rise, getting plenty of strength against USD, GBP, HKD and AED in particular over the last few days.
This can come to an end as early as tomorrow then the ECB is releasing their interest rate decision and hold a press conference in regards to their monetary policy.
There is also GDP news before that; let's also not forget that inflation is...
We have the 4H chart above. GBPUSD is slightly rising because of the USD weakness across the board.
The rise could be much better but is capped because of the selling pressure of the sterling, stemmed from the usual UK political reasons.
We actually had the lowest point since February recently, when it touched 1.2550.
There was a hard decline following Mays...
Dax is currently just below 11,900. The red dotted lines represents levels of potential rebound starting with 11,850 and 11,800.
Buy entries with tight SL can be attractive from here or from the area below the red lines, with a profit target of approximately 100 points until 12,000 or higher at 12,100-200.
The colored box is an area the index can range within...
Oil prices have been rising since the end of December, rebounding as high as $75 (April 24) from the lows of $50.
We can see the 50 and 200-day SMAs around the same area of $69.
This area of $69-$70 can be considered as a strong support level and potential rebound point as long as there is no major news in regards to a globally slowing economy.
Gold has been well supported and comfortable above $1,280 since January this year.
In 2019, this area as visited 3 times only for 5-6 days at a time before rebounding aggressively.
Things are a bit different now as we have seen the first real attempt to break this level.
It did bounce right back up after a few days, reaching as high as $1,288; right now is...
Tesla is considered to be a volatile stock and it's showing just that when it gets the chance. Even so, it does tend to range and respect certain levels; rallying impressively but falling hard as well.
The latest decline started near the area of the all-time highs around $380-$390, peak levels that were visited 4 times during the last 2 years.
This time, the...