Lows Ahead as GBP Nears Key Support
It seems like the bearish trend will continue as bears target the key support level at 1.2418, which was the 23.6% Fibonacci retracement […]
Evening Star Forms Ahead of RBA
There is a likelihood that the pair will retreat and retest the lower side of the channel at 0.7175. Bearish View Sell […]
Euro Runs into Resistance Again
Expect a lot of noise, but expect more negative pressure than positive going forward. The euro initially tried to rally on Friday […]
Markets End Week on Sour Note
I think it’s more likely than not that we will find plenty of value hunters over the longer term. Gold markets initially […]
Bitcoin Pulls Back Heading into Weekend
We have been going sideways for a while, but this looks a lot like the last time we were going sideways, just […]
Index Pulls Back from Week’s Highs
Risk appetite will have a lot to do with what happens next, and you need to pay attention to the rest of […]
British Pound Continues to Cease Selling
The recent rally has been nice, but when looked at through the prism of the last several months, it nothing but a […]
Index Pulls Back Heading into Weekend
Keep in mind that the market is likely to continue seeing a lot of noisy behavior, so you need to be cautious […]
Ethereum on Verge of Breaking Down
At this point, Ethereum looks like it’s got further to go to the downside. Ethereum fell on Friday to reach the $1750 […]
WTI Crude Oil Forecast: Price Continues Breakout
I look at this as a “buy on the dips” scenario, and that will be the way going forward. The West Texas […]
Gold Technical Analysis: Forming Head and Shoulders
Gold futures are struggling to hold on to weekly gains after a strong US jobs report for May raised the likelihood of […]
GBP/USD Technical Analysis: GBP Pessimism Continues
The pound against the dollar rebounded from its earlier losses late last week but faltered again in weak holiday trading on Friday […]
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