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Gold price to break falling wedge pattern, eying fomc
The bias remains bearish as long as it stays below the downtrend line. Only a valid breakout through th...
August 16, 2023, 12:01 pm
Usd/cad forecast: bulls retained at 1.35, focus on fomc
The Commerce Department reported a significant 0.7% surge in U.S. retail sales. Canada’s yearly inflation rate surged beyond expectations to 3.3% in...
August 16, 2023, 11:19 am
U.s. banks fall at the prospect of another ratings downgrade
Investors turn bearish on JPMorgan (JPM), Bank of America (BAC), Comerica (CMA), Western Alliance (WAL)...
August 16, 2023, 11:00 am
Aud/usd outlook: larger bears may take a breather as daily studies are oversold
Daily studies are firmly bearish and along with negative fundamentals, point to mild correction before ...
August 16, 2023, 10:59 am
Bitcoin technical analysis - awaiting a catalyst
Bitcoin continues to surprise in light of many headwinds that range from economic issues in China and risks of higher rates if inflation remains stubb...
August 16, 2023, 10:36 am
Wti crude oil technical analysis - the fakeout might be a big bearish signal
Crude Oil has been rallying strongly in the past couple of months as the prospects of more economic stimulus from China, the resilience of other advan...
August 16, 2023, 8:13 am
Eur/usd extends losses while usd/chf eyes upside break
EUR/USD started a fresh decline below the 1.0000 support. USD/CHF is rising and might aim a move toward the 0.8850 resistance. Important Takeaways for...
August 16, 2023, 7:14 am
Intraday analysis – usd keeps its edge
EURUSD tests critical support The US dollar advanced after an acceleration in July’s retail sales figures. The pair is seeking support over the dail...
August 16, 2023, 6:18 am
Eur/usd daily outlook
Daily Pivots: (S1) 1.0884; (P) 1.0919; (R1) 1.0939; More… Intraday bias in EUR/USD stays on the downside for 1.0832 support. Decisive break there wi...
August 16, 2023, 5:57 am
Silver (xagusd) short term bearish structure
Silver (XAGUSD) cycle from 5.5.2023 high remains in progress with extreme area target of 18.78 – 21.26. Near term, cycle from 7.27.2023 high is in p...
August 16, 2023, 5:29 am
Aud/usd dips below 0.6500, fomc minutes next
Key Highlights AUD/USD traded below the 0.6500 support zone. A major bearish trend line is forming with...
August 16, 2023, 3:30 am
Bitcoin’s value prospects: is a 15% btc uptick on the cards?
Analysts believe that the price is now entering a bullish period and that the $29,132 low can reverse the bear...
August 15, 2023, 10:14 pm
Eur/usd forecast: continued bearish pressure persists amid dollar strength
The EUR/USD remains below key SMAs, indicating a bearish bias. The EUR/USD peaked on Tuesday at 1.0951 ...
August 15, 2023, 9:29 pm
Aud/usd forecast: aussie rejected from above 0.6500, bearish risks prevail
The AUD/USD is consolidating within a range between 0.6500 and 0.6450, with downside risks prevailing. The AUD/USD failed to hold above 0.6500 and pul...
August 15, 2023, 7:14 pm
Usdjpy moves back toward unchanged on the day
The USDJPY traded lower in the US session (see 4-hour chart above), but did find support near the high of a swing area between 144.898 and 145.07. The...
August 15, 2023, 5:44 pm
Gold price forecast: xau/usd under pressure despite a worsening mood
XAU/USD bearish case gains followers as the metal pierces $1,900. XAU/USD fell to $1,896.33 a troy ounc...
August 15, 2023, 5:44 pm
Dow down -300 points. nasdaq down -100 points
The Dow Industrial Average is now down around 310 points on the day or -0.90% at 34990. Looking at the hourly chart, the price is testing/breaking bel...
August 15, 2023, 5:14 pm
Analyzing gold's bearish trend and potential reversal
A bearish signal emerges as gold closes under the 200-Day EMA, reinforcing potential price drops....
August 15, 2023, 4:24 pm
Aussie trading south, targeting 78.6% fib at 0.64
Aussie has been bearish since start of the year, with a higher degree A-B-C decline that is still in pr...
August 15, 2023, 2:51 pm
Equities market opens week negative, loses n156bn
Activities in the Nigerian equities market kicked off the week yesterday on a bearish note as sell pres...
August 15, 2023, 1:45 pm