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<p>On Monday morning, the major currency pair is barely moving: a lot of investors from the Catholic world have been rather inactive since last Friday due to the Easter holidays, that’s why today’s economic calendar is almost empty. When the market is calm and there is no news, it’s high time to learn different opinions […]

<p>Gold is presently attempting to breach the 1,690 resistance, after holding above the near-term uptrend line drawn from March 20. The recent positive price action off the ascending line appears to be reflected in a bullish crossover of the Kijun-sen line by the upward sloping Tenkan-sen line. The short-term oscillators continue to confirm t

<p>The pair extended weakness to 1 1/2 week low in early trading on Monday, as risk-off mode dominated in Asia as markets got disappointed by OPEC decision, expecting stronger action from the cartel Fresh weakness broke below 200DMA (108.33) which contained attacks in past two days and pressuring another important support at 107.69 (Fibo 38.2

<p>A price war between Saudi Arabia and Russia ended over the weekend as the world came together to slash oil output by more than 10%, which is the largest oil production cut ever agreed to. The only solid details revealed were that OPEC and its allies will slash production by 9.7 million barrels a day […]

<p>EURUSD is in a state of confusion on the daily chart as the pair shows no clear direction, moving instead back and forth between two broken trendlines that seem to have regained some credibility over the past two weeks. Currently, the momentum indicators are reflecting a neutral-to-positive bias for the short-term as the RSI is pushing eff

<p>USDJPY is extending a downside move in the 4-hour chart, after a sidelines trend over the last days and it has dropped beneath the bearish cross within the 20- and 40-period simple moving averages (SMAs). Also, the price declined below the Ichimoku cloud, which is currently acting as strong resistance for the bulls. The technical […

<p>The Aussie dollar started a strong upward move from the 0.6140 support area against the US Dollar. The AUD/USD pair broke a couple of key resistances near 0.6220 to move into a positive zone. The pair gained pace above the 0.6300 resistance and settled well above the 50 hourly simple moving average. A high is […]

<p>The four-hour chart on gold closed rather flat on Thursday. The metals market was closed on Friday for Good Friday. Although price action closed above the level of 1671.95, we anticipate a possible pullback lower. Watch for a close below 1671.95 to confirm the downside. The ascending wedge pattern could see a downside breakout. The [&helli

<p>Oil prices were pushing lower into Thursday’s close, but overall, price action was down just 0.02% on the day. Another attempt to breakout above 28.00 was met with strong selling pressure. This put oil prices to retreat lower. Further declines could see the 22.00 handle being tested once again. But the current set up could […]

<p>The British pound made a steady gain, rising to the upper end of the range at 1.2485. Into Friday’s close, prices were retreating lower. Failure to breakout above 1.2485 could keep the currency pair range-bound. However, a lot will depend on how price action unfolds from here. Above 1.2485, GBPUSD will be testing the 1.2858 […]