The yellow metal seemed to find some buoyancy after the highly anticipated 75 bps rate hike decision from the Fed. The rate decision was last seen in 1994, which rippled across the market as a sign of a fast track towards recession in the US underpinning the price for the safe haven at price range $1800 level.
Brent Crude made a downturn after EIA printed a larger than expected inventory and the recent Fed rate hike to curb high inflation looms over an economic slowdown. Long-term bias still bullish, price correction to near-term support.
Brent Crude made a downturn after EIA printed a larger than expected inventory and the recent Fed rate hike to curb high inflation looms over economic slowdown.
Hi there.
There has been a developing downward channel in GBPUSD H4 chart. Will we see price move to towards the lower line?
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DXY has been rallying since last week amidst the Covid Crisis. Will we see a break to the upside or more further consolidation?
Please do leave your thoughts. Thank you.
Hi there.
To my own perspective, EURUSD is currently in a descending triangle under the H4 chart. Will the price proceed lower to test again 1.0658 near term support level?
Hi there.
As what I've shared a few moments ago, EURUSD was within the descending triangle and now it broke outside that pattern. Will we see a support if price touch the broken descending trendline of the descending triangle pattern and move higher or will the market hammered back to continue its downward move?
Hi there.
Sharing with you my technical analysis thought to the EURUSD pair. As you can see, from my perspective, this currency pair has been inside a downward channel for quite a long while. It even attempted to broke out last week but sucked again within the channel. Will the price continue to flow within it?
DXY or the US Dollar Index has been rallying for eight days. Thus, the culprit to why most of the major pairs are on the negative. More upward rally? Or a retracement back to support in preparation for another leg up?
Good day Traders. As of today, USOil rallied after reports citing that Saudi Arabia, Other OPEC and non-OPEC allies would extend on cutting oil supplies until the end of 2018 however were ready to make gradual adjustments in the event of any supply shortage. From my recent post, USOil is still in a clear uptrend and price was sitting off to key support with...
Oil remains flat and holding at key support price $66.58 for two days after a steep decline following plans for Russia and OPEC to lift production for the coming months though remain uncertain until its meeting on June 22, 2018 in Vienna Austria. Will we see some upbeat if EIA Crude Oil Stockpiles report be positive tomorrow?
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USDJPY has been dropping for the past 7 days of trading amidst political tension on the EUROZONE making safe-haven currency stronger against the Dollar. With US 10 year yield now pulling below psychological level 3%, will today's economic news be a momentum for an uphill battle with the Yen currency considering positive Japan Retail Trade released just minutes ago...
Sliding US 10 Year Bond Yield contributes to downward pressure of the USDJPY pair now pulling price back towards near term support 108.825. Will we see some bullish reaction soon as GDP annualized, Trade Balance and Core Personal Consumption Expenditures be released tomorrow?
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Angst Political tension looming around the Eurozone and the widening of spread of the Germany and Italy bond yield, Fiber is now trading near 7th Month low. Let's look at the chart if where could find a possible support for the EUR currency.
From the Weekly chart below of the EURUSD pair, price is now sitting at key support price level 1.1610. Price could hit...
