Gold has been experiencing a sustained downtrend since early March, generating a profound structure of lower highs and lower lows. Although the precious metal managed to cease its decline at the one-year low of 1,681 Read more…
USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the markup of the final primary wave ⑤, which takes the form of Read more…
EURUSD remains under pressure and the risk is still to the downside as prices continue to drift lower from the 20-day simple moving average (SMA) and the latest high of 1.0280. The short-term technical indicators are still holding Read more…
EUR/USD After reaching a parity, the single european currency managed to recover some of the lost positions against the U.S. dollar, but during the past week, neither the bulls, nor the bears were able to Read more…
The FTSE 100 outperforms global peers supported by commodity and financial stocks. A tentative break above the supply zone around 7350 has put the index back on track. A bullish MA cross on the daily Read more…
The euro softened after manufacturing and service activities in the eurozone contracted in July. The pair has met stiff selling pressure at July’s high at 142.30. A break below 140.70 caused a liquidation of leveraged Read more…
The Canadian dollar retreats dragged by weakness in oil prices, the country’s main export. The pair has been hovering above the daily support at 1.2820. The RSI’s double dip in the oversold area led some Read more…
Daily Pivots: (S1) 1.0146; (P) 1.0201; (R1) 1.0271; More… Range trading continues in EUR/USD and intraday bias remains neutral. Further rise is in favor this week as long as 1.0118 minor support holds. Above 1.0277 Read more…
Daily Pivots: (S1) 1.1929; (P) 1.1996; (R1) 1.2076; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2055 minor resistance will confirm short term bottoming at 1.1759. Bias Read more…
Daily Pivots: (S1) 0.9575; (P) 0.9640; (R1) 0.9679; More… Intraday bias in USD/CHF remains on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Deeper decline would be Read more…