GBP/NZD Is At The Crossroads
The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance. The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in...
Crude Oil: Rebound
Pivot (invalidation): 47.75 Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension. Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets. Comment The RSI is mixed with a bullish bias.
Silver Spot: Turning Up
Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets. Comment The RSI is bullish and calls for further...
Gold Spot: Turning Up
Pivot (invalidation): 1876.00 Our preference Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension. Alternative scenario Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets. Comment The RSI is bullish and calls for further...
USDCAD’s Negative Tempo Diminishes; Downside Risks Remain
USDCAD appears to be in the process of finding some footing on the 100-period simple moving average (SMA), after pulling back below the Ichimoku cloud and the 50-period SMA around 1.2818, in the four-hour chart. The strengthening 50-period SMA and...
USD/CHF 4H Chart: Decline To Continue
The US Dollar has declined by 2.94% against the Swiss Franc since December 1. The currency pair breached the lower line of a descending channel pattern at 0.8825 on December 8. All things being equal, the exchange rate could continue...
WTI Crude Oil Could Likely Form A Top
Oil prices maintained their bullish continuation with prices rising in early Monday trading. However, after rising to intraday highs of 48.94, the commodity gave back the gains, forming a lower high. If prices break down below the pivot lows of...
Silver Regains Bullish Desire with Bounce off 100-day SMA
Silver gapped higher, spiking above the 26.56 resistance today, continuing the recent traction the commodity found off the 100-day simple moving average (SMA). The climbing 200-day SMA is defending the positive structure, while the flattening 100-day SMA, is endorsing waning...
Oil Remains Above $51 Per Barrel
Despite falling slowly, the oil price remains quite high on Monday, December 28th. Brent is trading at $51.16 – investors are back to the market after a Christmas break and fully prepared to respond to the external background. On one...
EUR/USD Approaching Next Major Break, 1.2150 Holds The Key
Key Highlights EUR/USD started a downside correction from the 1.2260 resistance. A crucial contracting triangle is forming with resistance near 1.2205 on the 4-hours chart. GBP/USD could attempt an upside break above 1.3620 and 1.3650. Gold price is consolidating below...
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