GBPUSD is facing 1.2014 support, a breakdown below this level could trigger further downside movement towards 1.1900 area. Near term resistance is at 1.2090, above this level could bring the price back towards the falling trend line...
EURUSD extended its downside movement from 1.1164 to as low as 1.0934. Further decline could be expected after a minor consolidation and next target would be at 1.0900 area. Near term resistance is at 1.0985, above this...
Short Term Elliott Wave structure in 10 Year Notes (ZN_F) suggests the pullback to 129.28 ended wave 4. The note has resumed higher in wave V. The internal subdivision of wave V is unfolding as a 5...
Great Year for Precious Metals Year 2019 certainly has been a good year for the Gold bulls. The metal accelerated its rally after President Trump announced 10% tariffs on the remaining $300 billion of Chinese imports. China...
US Dollar has been rallying strongly against Swedish Krona and Singapore Dollar for the past couple of months and have broken above significant peaks so in this blog, we would take a look at the cycles and...
The world’s largest medical cannabis producer by market cap, Canopy Growth (NYSE : CGC) reported earning two weeks ago. While revenue surged by nearly 250% year over year to 90.5 million Canadian dollars, it was down 59% from the previous...
Hello fellow traders. In today’s blog, we will have a look at the BMW stock. In my previous blog, we discussed the possibility in the Daimler stock and why the biggest rival is under pressure and should remain...
USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the uptrend from 1.3015 has resumed. Further rise could be expected over the next several days and next target would be at 1.3400 area....
USDJPY stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next...
AUDUSD is forming a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 0.7081, a breakdown below the lower border of the triangle pattern could trigger further downside movement to...
