EURJPY sellers have returned the price to the 116.35 low after managing to capitalise on the fact the pair was unable to close above the 118.59 level – that being the 23.6% Fibonacci retracement of the down leg from 127.49 to 115.86 – and the mid-Bollinger band. The short-term oscillators also reflect the recent deterioration […]

The US 500 stock index attempted to climb above the 50-day simple moving average (SMA) last week before the 2,893 barrier pushed it slightly back below the line. While the RSI is reversing lower, the MACD and the red Tenkan-sen line have yet to show any sign of weakness, hinting that upside corrections are still […]

USDCAD recovered somewhat in recent sessions, but the pair is still printing lower highs on the four-hour chart, which keeps the near-term outlook cautiously negative. For the short-term picture to improve to neutral, the bulls would need to push the market above 1.4350. Short term oscillators suggest that the latest recovery could continue for now. […]

USDCAD recovered somewhat in recent sessions, but the pair is still printing lower highs on the four-hour chart, which keeps the near-term outlook cautiously negative. For the short-term picture to improve to neutral, the bulls would need to push the market above 1.4350. Short term oscillators suggest that the latest recovery could continue for now. […]

AUDUSD has been nicely developing along the rising 50-period simple moving average (SMA) on the four-hour chart after hitting a floor around the 50% Fibonacci of the downleg from 0.7031 to 0.5506. Expectations are for the pair to trade neutral-to-positive as the  RSI is moving sideways above its 50 neutral mark and the MACD is […]

AUDUSD has been nicely developing along the rising 50-period simple moving average (SMA) on the four-hour chart after hitting a floor around the 50% Fibonacci of the downleg from 0.7031 to 0.5506. Expectations are for the pair to trade neutral-to-positive as the  RSI is moving sideways above its 50 neutral mark and the MACD is […]

WTI oil futures (May delivery) collapsed to a 21-year low of 14.46 early on Monday, re-activating this year’s bearish direction and eliminating any hopes of a trend reversal that the incomplete head and shoulder and a double bottom patterns created in previous sessions. On the four-hour chart, the RSI returned below its 30 oversold level […]

Loonie drops as WTI crude oil plummets to two-decade low Yet, rest of the market still calm – stocks near recent highs, yen and gold retreat Are stocks exaggerating the V-shaped recovery, or is there nothing else to buy? Demand fears devastate oil prices The energy market is back under immense pressure, with WTI crude […]

EURUSD started the week in a quiet mood, making limited moves within the 1.0800 zone as the momentum indicators continue to lack bullish appetite. The RSI has been unable to climb forcefully above its 50 neutral mark for more than a week, the MACD has been moving sideways, while the Stochastics are heading towards their […]

GBPUSD is struggling to recapture positive momentum after its rebound from the 35-year low of 1.1410 ran out of energy when it crossed above the 61.8% Fibonacci retracement of the March down move in the 4-hour timeframe. The RSI is hovering just below the 50-neutral level, while the MACD is barely holding in positive territory […]

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world […]

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world […]

US streaming giant, Netflix Inc, is due to announce its earnings results for the January-March quarter on Tuesday (April 21) after the market close. The earnings release comes just as the company’s share price has hit an all-time high, fuelled by expectations that its subscriber numbers will skyrocket as locked down people around the world […]

GBPJPY is turning slightly lower over the last few days touching the 40-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 144.95 to 124.00 at 134.48. Technically, the RSI indicator is challenging the neutral threshold of 50, while the MACD entered the positive territory but it travels with […]

GBPJPY is turning slightly lower over the last few days touching the 40-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 144.95 to 124.00 at 134.48. Technically, the RSI indicator is challenging the neutral threshold of 50, while the MACD entered the positive territory but it travels with […]

Risk appetite returns on promising coronavirus drug and hope of shutdowns ending soon Stocks re-energized, gold dips but dollar resilient China reports first ever drop in GDP, but markets stay positive Trump wants to reopen economy, markets like it The mid-week souring in risk sentiment is seeing a turnaround as optimism for a way out […]

AUDUSD is remaining above the 20- and 40-day simple moving averages (SMAs), which are in the process of a bullish cross in the short-term timeframe, and it found strong support at the 50.0% Fibonacci retracement level of the down leg from 0.7030 to 0.5506 at 0.6270. The bullish correction mode got in place when the […]

US 30 Index (Cash) has taken a breather, trading around the mid-Bollinger band after breaking above the 200-period simple moving average (SMA) on the four-hour chart. That said, the index sustains its bullish bearing and is aided by the supportive trend line drawn from March 23, which has merged with the upward-sloping 50-period SMA. Moreover, […]

With the worst of the pandemic now behind Europe and the US also approaching a peak, markets have turned their sights to when economies will re-open. Stocks have recovered on hopes for a ‘return to normal’, but importantly, safe havens like the yen and gold are also gaining. The combination suggests that traders are still […]

The world is seeking clues on how painful the virus economic impact could be and China’s GDP growth readings for Q1 released on Friday at 02:00 GMT may give a bitter taste. Despite that, a rebound in monthly retail sales, urban investment and industrial production data accompanying the report may steal all the attention, letting the aussie […]

USDCHF is on a sideways move within a symmetrical triangle over the last month, pausing the strong upside tendency that started after the pullback off the 0.9185 support. Currently, the price is testing the 40-period simple moving average (SMA) and the lower surface of the Ichimoku cloud in the 4-hour chart. From a technical viewpoint, […]

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 […]

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 […]

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 […]

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 below […]