Technical Articles

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EUR/USD - Where Could We Go Next?
8 months ago

EU retail sales is never a major mover of the EUR, but under the circumstances, could at least weigh little to cause some underperformance in the crosses. EUR/USD looks tired on the downside, so we are more likely to see a...
1 Comments 29109 views

Recap: US indices Traded In The Green Yesterday As The Tech Sector
8 months ago

US indices traded in the green yesterday as the tech sector outperformed, as the Nasdaq closed at record highs. In the Asia Pac area we have traded mixed, the Shanghai Comp. (0.48%) and Nikkei (0.27%) both traded in the black...
0 Comments 29728 views

Oil Breaks Support Level - 0.81% Lower On Today's Session
8 months ago

Goldman Sachs commented on oil markets this morning saying 'Robust US Oil Demand Trends Continued In March, Overall Demand Rose By 2.6% (Estimate 1.0%)' and looking forward they see 1.8 Mn BpdIn 2018 Gl...
0 Comments 29583 views

US Dollar Pullbacks With Expectations Of A Retracement
8 months ago

Markets have stumbled back into action today more than anything else, with the USD pullback testing some acknowledged levels against the majors but running into good support as rate differentials remain a key driver for some....
0 Comments 30460 views

Copper Is Trading 0.20% Higher This Morning
8 months ago

Asian shares made a move in the right direction as they react to last weeks jobs report, shrugging off negative sentiment from the trade wars. The Nikkei performed well rising 1.39%, ASX 0.59% and the Shanghai Comp. 0.60%, wi...
0 Comments 30479 views

Oil collapses from highs, expecting $64.30 to be achieved
8 months ago

Spot WTI has fallen heavily from highs since there has been a suggestion of OPEC removing the production cuts. At key support points, there have been bids entering the market which does suggest that traders are looking for a ...
0 Comments 33421 views

Gold has suffered from the strength in the US Dollar
8 months ago

Gold has suffered from the strength in the US Dollar of late and a strong payroll report didn't do much for the precious metal either. Moves to the upside are favorable if the trendline in the chart holds. Having said tha...
0 Comments 33797 views

Little reason to shy away from USD
8 months ago

The USD looks slightly toppy at these levels but that's not to say it will not retest the highs. Any close below 94 would be a strong indication that the market is fed up with the strong USD narrative.  The 95 level ...
0 Comments 33300 views

The tide has certainly turned in the EUR/USD...
8 months ago

Above is the daily chart and below is the weekly, currently they are painting two different pictures. From a technical perspective, the daily is looking like a trend following the pattern and a close on Monday below...
0 Comments 35001 views

Gold is looking at continuing its recent decline to reach $1200
8 months ago

What a run GOLD has embraced. After a breakout through the $1325 weekly res level with the most responsive retest as support, Price has rallied through the major $1350 level into a new and all-important supply region. Make...
0 Comments 35839 views