Palladium futures sellers have emerged after the recent rally, which bounced off the 50-day simple moving average (SMA) at 1783 and stretched the commodity above the upper-Bollinger band plotting a fresh all-time-high of 2111.23. The upward sloping SMAs continue to paint an improving positive picture as do the technical indicators. That said, the slight decline […]

Brent futures extended their Wednesday losses and are currently trading far below the eight-month high of 71.30, slipping beneath the 20-day simple moving averages (SMAs) and the blue Kijun-sen line.  However, in the medium-term the price has a bullish view confirmed by higher highs and higher lows. The RSI turned lower after entering the bearish […]

The latest employment figures out of Canada will be released at 13:30 GMT on Friday. Recent data have been disappointing, which puts extra emphasis on the upcoming numbers to either confirm that the economy is losing steam or dispel such concerns. As for the loonie, the risks surrounding its reaction seem asymmetric, with any disappointment […]

The US 100 index has been in a flying mode since yesterday, recording again a fresh all-time high around 8974.27 after it hit the 8660 support, which overlaps with the short-term 20-day simple moving average (SMA). According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped […]

The US is scheduled to publish its final Nonfarm payrolls report (NFP) for 2019 on Friday at 12:30 GMT and despite the ups and downs during the year and a potential slowdown in employment growth this week, the labor market is expected to have maintained a robust profile, reducing the odds for a more accommodative […]

The German 30 stock index opened positive this week after hitting support at 12,946, which is where the price bottomed in December and peaked in October. The bulls are currently pushing efforts to extend the uptrend off 10,276 towards the record high of 13,600 registered on January 2018 and while the upward slope in the RSI […]

The German 30 stock index opened positive this week after hitting support at 12,946, which is where the price bottomed in December and peaked in October. The bulls are currently pushing efforts to extend the uptrend off 10,276 towards the record high of 13,600 registered on January 2018 and while the upward slope in the RSI […]

Yen and gold slump, equities jump as US-Iran tensions take a back seat Dollar outperforms amid fading Fed rate-cut expectations – lots of Fed speakers today In Canada, BoC Governor Poloz delivers remarks and might strike a dovish tone Oil collapses alongside safe havens as worries of US-Iran war fade Global markets continued to price […]

NZDUSD looks to have turned flat, confined between 0.6680 and 0.6616 over the last week, following the decline from the five-month high of 0.6754 for the end of 2019. The pair has found support within this range from the 0.6634 area, which is the 23.6% Fibonacci retracement of the up leg from 0.6239 to 0.6754 […]

USDJPY ended the day in green after the sharp sell-off on Wednesday, erasing intraday’s losses and surpassing the mid-level of the Bollinger Band (20-day simple moving average) and the 40-day SMA as well. The price rebounded on the 38.2% Fibonacci retracement level the of upleg from the 17-month low of 104.45 to the seven-month high […]

GBPNOK’s aggressive decline from the fourty-two-month high of 12.2105 looks to have turned flat around the 11.54 to 11.51 levels, finding support where the lower band of the Ichimoku cloud has merged with the 100-day simple moving average (SMA). Further backing this view, is the weakening negative momentum in the technical indicators and the flattened […]

GBPNOK’s aggressive decline from the fourty-two-month high of 12.2105 looks to have turned flat around the 11.54 to 11.51 levels, finding support where the lower band of the Ichimoku cloud has merged with the 100-day simple moving average (SMA). Further backing this view, is the weakening negative momentum in the indicators and the flattened Kijun-sen […]

GBPNOK’s aggressive decline from the fourty-two-month high of 12.2105 looks to have turned flat around the 11.54 to 11.51 levels, finding support where the lower band of the Ichimoku cloud has merged with the 100-day simple moving average (SMA). Further backing this view, is the weakening negative momentum in the indicators and the flattened Kijun-sen […]

Gold looks to be overbought as it returns the significant gains that it posted in the preceding days. Earlier today, the price jumped to a fresh almost seven-year high of 1,611. The technical indicators seem to be overstretched in the 4-hour chart. The RSI slipped below the oversold area and the 70 level and continues […]

Gold looks to be overbought as it returns the significant gains that it posted in the preceding days. Earlier today, the price jumped to a fresh almost seven-year high of 1,611. The technical indicators seem to be overstretched in the 4-hour chart. The RSI slipped below the oversold area and the 70 level and continues […]

EURGBP is moving slightly lower over the last ten days, following the pullback on the 0.8590 resistance and the descending trend line, which has been holding since the ten-year peak of 0.9324 last August. Currently, the price is developing within the 20- and 40-simple moving averages (SMAs) in the daily timeframe, which act as support […]

EURJPY appears to be curbed by the 200-period simple moving average (SMA) currently at 120.95, succeeding a second push off the 120.16 support, which resulted in buyers keeping the pair above a supportive trendline drawn from 3 September 2019. The short-term oscillators suggest a slight strengthening in negative momentum. The MACD has slipped back below […]

EURJPY appears to be curbed by the 200-period simple moving average (SMA) currently at 120.95, succeeding a second push off the 120.16 support, which resulted in buyers keeping the pair above a supportive trendline drawn from 3 September 2019. The short-term oscillators suggest a slight strengthening in negative momentum. The MACD has slipped back below […]

Safe havens spike higher, stocks drop as Iran hits US bases in Iraq Yet, risk aversion fades as both sides show little appetite for more escalation Meanwhile, dollar advances on healthy US data, aussie burned by wildfires Oil and gold jump, stock futures briefly dip after Iran strikes back Tehran didn’t take long to retaliate […]

AUDUSD found a strong resistance obstacle on the six-month high of 0.7030 on December 31 and subsequently completed four consecutive red days. The price dropped towards the 20-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the upleg from 0.6670 to 0.7030, near 0.6850. Furthermore, the pair remains within the upward sloping […]

EURNZD’s gradual advancement in the short-term – aided by the momentum indicators and the upward slope and bullish crossover of the 20-period simple moving average (SMA) – looks to be eyeing the restrictive downtrend line and the 200-period SMA. Despite the slight weakening in positive momentum, the short-term oscillators still lean towards the positive picture. […]

The US 30 index surpassed the red Tenkan-sen line and is currently trading slightly higher following the rebound on the latest low of 28,340, however, in the very short-term the technical indicators seem to be a bit flat The MACD is hovering near the trigger line above the zero line, while the RSI is slowly moving […]

The US 30 index surpassed the red Tenkan-sen line and is currently trading slightly higher following the rebound on the latest low of 28,340, however, in the very short-term the technical indicators seem to be a bit flat The MACD is hovering near the trigger line above the zero line, while the RSI is slowly moving […]

USDNOK has stalled around the 8.7860 level – which is the 61.8% Fibonacci retracement of the up leg from 8.4664 to 9.3036 – something also reflected by the flattening of the Kijun-sen line. The short-term oscillators reflect a recent weakening in negative territory, suggesting a pause in the bearish market. The MACD is standing below […]

USDNOK has stalled around the 8.7860 level – which is the 61.8% Fibonacci retracement of the up leg from 8.4664 to 9.3036 – something also reflected by the flattening of the Kijun-sen line. The short-term oscillators reflect a recent weakening in negative territory, suggesting a pause in the bearish market. The MACD is standing below […]