Trend is strong bearish after a fall below $40 per barrel and we are looking at a further drop towards fibo 3.82 key level support
Technically, price looking to move towards upper line resistance key level with the short-term US Dollar comeback. Confirmation after a break above median resistance would bring this pair higher with also current US OIL WTI price drop.
Technically, looking at uptrend channel and price steady above median line. Targeting with current short-term US Dollar comeback could bring USD/JPY higher to retest upper line key level resistance
Technically, price made several attempt but failed to break below key level support pitchfork fibo 1.618 at price 0.72500 hovering above. We are still looking at strong bullish move towards upper line channel & a break above lower line could brings further up towards median line key level resistance
Technically, we are looking at price to retest on key level support 1.31500 and long-term trend is still holding strong bullish. High probability trading sideline for this week if price hovering around lower line key support level and re bounce back towards uptrend channel median line or key level upper line resistance. However, price would drops further lower...
Technically we are still looking at EUR/USD on long-term bullish trend and current on sideline trading remain above 1.1800 on strong support key level pitchfork fibo 1.618. If price break below 1.1800 we would see another retest to next support level 1.1700 BRN fibo 2.168 retracement level. The current view on long-term US Dollar weakness would bring EURO higher...
Technically, we are looking at high probability price ending it's short-term bearish trend and made reversal on fibo 1.618 key level support as we are looking at trading the sideline at the moment with the US Dollar weakness on long-term view. Trend might re bounce around this area as our weekly technical view, price currently hovering at the key level support...
US Dollar remain strong & closed the week with gains against most major rivals, last Friday NFP US employment figures recovered 1.37 million jobs in August. Unemployment rate improved to 8.4% better than previous 10.2% and Labor Force Participation Rate increased by 61.7%. Technically, price is entering into uptrend channel pitchfork and short-term trend is...
S&P500 rises steadily with expectations of further stimulus from governments and central banks The global stock market capitalization – the amount of money required to buy every single share listed on the stock exchanges across the globe at the current market price – reached an all time high of $89.7 trillion last week, as noted by popular macro analyst Holger...
Bitcoin consolidate making recovery after hitting low $11,300 during weekend session and currently trading at $11,800 bouncing off the fibo channel support Technically, Bitcoin is trading on range but highly towards bullish after a break inside pitchfork channel, key resistance level still high on $12,500 and a break above median would bring Bitcoin towards $13,000
US dollar’s strength and the coronavirus (COVID-19) fears could be cited as negatives, storms marching towards the Gulf of Mexico are the latest positives for the black gold. Technically we are looking at sideline range trading after declining from top $43 and currently trading around $42.5, key level support would hit lowest at 41.5 lower line
USD/CAD recently recovered from an upward sloping trend line stretched from August 19. Buyers are targeting the 1.32500 key level resistance on upper line with US Dollar recovery Technically, price would need to re-bounce key level support lower line to make a move towards breaking above median line and target key level resistance on upper line
The pair's rebound from 105.10 support and we are looking at sideline on long term weekly chart and 4-hourly (week) uptrend pitchfork channel. Resistance would be at 106.50 on median line previous level was on 3th Aug, a break above channel could bring high probability towards upper line key level resistance at 107
Our view on markets situation correlates between major pair versus the US Dollar strength which affect GBP, EUR, AUD pointing downwards pitchfork channel Technically, a break below median line could mark the pair slide back towards key level support at 0.708 on lower line and long term trend is still looking pretty much sideline at the moment
Cable is trading around 1.31 stable as markets await developments on the furlough scheme and another round of Brexit talks is weighing on the pound. Technically, with the current US Dollar strength could pull the pair into downwards trend towards lower line key level support at 1.29 area with a break below median would strengthen bearish trend supported RSI...
Weekly chart clearly showing range trading EURUSD pair, tehnically we are looking at high probability price risk falling to key support level at 1.16500 lower line area Indicator crosses into negative territory indicating a bullish to bearish trend change but be alert that we are still on sideways channel
Current US Dollar strength pullback from the multi-month low could be considered as the major reason for the weakness in bullion, vaccine hopes and equity gains exert downside pressure. Gold drops below $1,950 early monday Asia session, it's a second consecutive weekly loss. Technically, we are looking at price to head towards key support level on lower line to...
US Dollar reclaimed the 93.00 barrier pullback towards inside pitchfork channel and we are looking at price heading towards upper line to retest key level resistance 93.65 Technically, price is currently consolidating however long term stay on strong bearish trend. A break above upper line might indicates a pullback on higher timeframe (weekly) or a change of...