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<p>WTI crude oil futures appears to be tilting negative again as it pierced just below the February 1999 level of 19.25 by plotting a new low of 19.19. Confirming the bearish sentiment is the RSI, which in the bearish area is slipping towards its 30 point, while the MACD, deep in negative territory, is looking […]

<p>USDCAD bounced aggressively by 1.6% on Wednesday to close slightly above the 1.4100 level and the descending channel that seems to be part of a bullish flag pattern. While the move brought hopes that the trend could improve, the momentum indicators have yet to show clear positive signals. The MACD remains stable below its red […]

<p>EURUSD has been struggling within a symmetrical triangle over the last month, remaining within the squeezed Bollinger bands in the 4-hour chart. The ascent from the three-year low of 1.0635 drove the pair until the 1.1145 resistance but failed to hold near this level. According to the technical indicators, the MACD is flattening marginally

<p>Fears of global economic slump heightened after dreadful US data Flight to safety hammers stocks, lifts dollar Talk of easing lockdowns fails to comfort markets Markets spooked as gloomy predictions start to turn to reality Reality has come back to bite the markets, taking the steam out of the relief rally in stocks, as investors […

<p>After climbing to a one month high on Tuesday, the S&#38;P 500 declined 2.2% yesterday and more losses are set to follow today with futures indicating a lower open. It is no surprise that economic data will take a steep hit given the lockdown imposed on all US states, but the shockingly weak figures released […]

<p>The EUR/JPY shows bearish continuation signs. The price is very bearish as the shoulder-head-shoulder pattern progresses. We can see on the chart a giant head and shoulders pattern. 117.50 zone is the bottom of the right shoulder and we should see a move lower. The 4h timeframe shows a clear bearish momentum too where 116.60 […]

<p>Global risk appetite deteriorates as ugly economic data added to weak bank earnings confirm that a sizeable recession is knocking on the door. US banks are increasing their bad-loan provisions to record levels on fear that credit-card holders and businesses may not pay back their interests and loans. Still, trading revenues for Goldman Sac

<p>Pivot (invalidation): 19.75 Our preference Long positions above 19.75 with targets at 20.90 & 21.45 in extension. Alternative scenario Below 19.75 look for further downside with 19.20 & 18.65 as targets. Comment The RSI is mixed to bullish.</p> <p>The post <a rel="nofollow" href="https://www.actionfo

<p>Pivot (invalidation): 15.5300 Our preference Short positions below 15.5300 with targets at 15.2500 &#38; 15.1100 in extension. Alternative scenario Above 15.5300 look for further upside with 15.7100 &#38; 15.8400 as targets. Comment The RSI is mixed with a bearish bias.</p> <p>The post <a rel="nofollow" hre

<p>Pivot (invalidation): 1728.00 Our preference Short positions below 1728.00 with targets at 1706.00 & 1696.00 in extension. Alternative scenario Above 1728.00 look for further upside with 1738.00 & 1747.00 as targets. Comment The RSI is below its neutrality area at 50%</p> <p>The post <a rel="nofollow" hre