Back in early July we noted our first bearish signal in USDCAD when price broke below 1.35. Since then we had given two possible targets.Read More
Month: August 2020
Gold price has bounced strongly off $1,900 support area but the advance has stopped at the major resistance area around $1,950-70 where we find theRead More
EURUSD has managed to recapture 1.1930 today. After breaking above the short-term resistance of 1.1850, EURUSD has moved towards 2020 highs as expected. Our nextRead More
Technical outlook: Silver also seems to break a major top just above $30.00. The metal sharply reversed towards $23.40 soon after hitting $30.00 highs. ItRead More
Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identifyRead More
Technical outlook: Gold might have reached a meaningful top around $2,075. The yellow metal dropped sharply lower since then and hit the low of $1,862Read More
Price holding below descending trendline and moving average resistance. A break below downside confirmation at 1.30752 should open further drop towards 1st support at 1.30474Read More
Technical outlook: NASDAQ broke resistance and extended its gains further close to the 12,094 level before pulling back. The index is seen to be tradingRead More
Technical outlook: SPX500 managed to break through the resistance level of 3.400 and climb above 3,500. The index finished trading around 3.508 on Friday. FuturesRead More
Many experts warned about a tough August, as there are usually risks of falling currencies and high volatility at the end of summer. However, theRead More
Technical outlook: Dow Jones managed to reach 28,600/700 levels since its March 23 low around the 18,200 level. The index is expected to carve aRead More
Price is facing bearish pressure from our 1st resistance where the horizontal swing high lines up with the 61.8% fib extension. We could see aRead More
Price is facing bullish pressure from our first support level, in line with our horizontal pullback support, 127.2% fibonacci extension, ascending trend line and 38.2%Read More
Technical outlook: US Dollar Index daily chart is presented here today and it might be suggesting a potential bottom at the 92.15 level. Even ifRead More