WTI crude oil futures have been on the sidelines over the last couple of days as the 23.6% Fibonacci retracement level of the down leg from 54.70-19.25 at 27.56 seems to be a struggle for the bulls. The price could lose some more ground in the short-term, according to the RSI, as it is changing […]

WTI crude oil futures have been on the sidelines over the last couple of days as the 23.6% Fibonacci retracement level of the down leg from 54.70-19.25 at 27.56 seems to be a struggle for the bulls. The price could lose some more ground in the short-term, according to the RSI, as it is changing […]

The four largest US banks will kick off the earnings season after the Easter break on Tuesday and Wednesday but for the first time after a long time markets will be indifferent whether the results will beat or miss forecasts as investors are aware that the path of earnings is a one-way direction to the […]

German 30 index’s (Cash) price appears to be gaining ground above the 200-period simple moving average (SMA), backed by the rising Ichimoku lines and the advancing 50- and 100-period SMAs. Also supporting this view, are the short-term oscillators, which display increasing positive momentum. The MACD, in the positive region, is strengthening above its red trigger […]

AUDUSD looks to be picking up again, something also mirrored within the short-term oscillators. The pair plotted gains above the supportive trend line drawn from 0.5506, with the latest move from 0.5979 extending past the simple moving averages (SMAs). The MACD, although marginally below its red trigger line in the positive section, looks to move […]

AUDUSD looks to be picking up again, something also mirrored within the short-term oscillators. The pair plotted gains above the supportive trend line drawn from 0.5506, with the latest move from 0.5979 extending past the simple moving averages (SMAs). The MACD, although marginally below its red trigger line in the positive section, looks to move […]

The JPMorgan stock price is finding resistance at the 104.30 barrier after the gap up that it posted on Thursday and the pullback on the three-and-a-half-year low of 76.50. Technically, the price is trading above the red Tenkan-sen and the blue Kijun-sen lines in the daily timeframe, but the simple moving averages (SMAs) are still […]

The US 500 cash index has been developing within an upward sloping channel, following the rebound on the 39-month trough, achieved on March 23. The price had a successful jump above the simple moving averages (SMAs) in the 4-hour chart, while the technical indicators are moving sideways, with the MACD crossing just below its trigger […]

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 the positive […]

OPEC+ agrees to an almost 10 million barrels/day supply cut Oil opens higher, but surrenders most gains as compliance doubts set in Stocks turn red, yen and gold inch higher in holiday-thinned trading OPEC cuts, but oil can’t stay afloat The world’s biggest oil producers finalized a historic deal to cut their production over the […]

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 efforts to climb […]

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 […]

As much of the world is stuck in a lockdown, one country where life has started to return to normal will shed some light on the toll of the virus outbreak on its economy as China reports GDP growth estimates. The data could either spread misery or provide a glimmer of hope to those countries […]

US dollar index’s latest dip appears to be pausing ahead of the 200-period simple moving average (SMA), reflecting an unclear direction after the push up from the 98.38 trough. The flat demeanour of the 200-period SMA and the conflicting signals between the 50- and 100-period SMAs, further back the uncertain course. More so, price actions’ […]

Since its deep fall towards the multi-year low of 19.32 in the end of March, WTI oil futures have been fluctuating around the 20-day simple moving average (SMA). The technical picture supports that the selling interest is likely to remain in the short-term. The stochastic oscillator bounced off the overbought zone and is heading south, while the RSI is pointing down in […]

Since its deep fall towards the multi-year low of 19.32 in the end of March, WTI oil futures have been fluctuating around the 20-day simple moving average (SMA). The technical picture supports that the selling interest is likely to remain in the short-term. The stochastic oscillator bounced off the overbought zone and is heading south, while the RSI is pointing down in […]

Fed goes ‘all in’ – unveils new $2.3 trillion lending program Stocks climb, dollar drops, and gold goes into overdrive But are markets realistic about the long-term damage? Oil falls after OPEC deal disappoints in size and scope Fed pulls out all the stops to cushion economy, stocks smile The US central bank rode to […]

GBPUSD seems to be unable to break out of the two-week consolidation phase of 1.2165 to 1.2485. The recent price action up from the 1.2165 level appears to have lost its positive backing as indicated by the short-term oscillators, which paint a picture of diminished positive momentum. Despite the gradual rise of the RSI in […]

GBPUSD seems to be unable to break out of the two-week consolidation phase of 1.2165 to 1.2485. The recent price action up from the 1.2165 level appears to have lost its positive backing as indicated by the short-term oscillators, which paint a picture of diminished positive momentum. Despite the gradual rise of the RSI in […]

GBPUSD seems to be unable to break out of the two-week consolidation phase of 1.2165 to 1.2485. The recent price action up from the 1.2165 level appears to have lost its positive backing as indicated by the short-term oscillators, which paint a picture of diminished positive momentum. Despite the gradual rise of the RSI in […]

GBPJPY jumped out of the rectangle pattern, formed between the 132.50 and 134.47 borders on the four-hour chart to resume upside direction, though, the upturn was not significant as the price is barely trading above the 135.00 mark. The RSI and the MACD are in a flat mode, discouraging strong upside movements in the short-term. Still, traders […]

USDCAD takes a negative path after the pullback on the more than four-year peak of 1.4668 registered on March 19, revisiting the 1.3930 support level beneath the 20-day simple moving average (SMA) in the short-term. The Ichimoku indicators are suggesting a neutral to bearish movement as the cloud remains near the current market price, which fell below the […]

The US 30 index has recovered a good chunk of its losses in the past couple of weeks and is now posting higher highs and higher lows on the four-hour chart above a short-term uptrend line drawn from the March 23 bottom. The immediate-term outlook therefore seems to have turned positive, and for that to […]

EURAUD is extending its negative rally below the 50.0% Fibonacci retracement level of the up leg from 1.5340 to 1.9800 at 1.8740 and beneath the 40-day simple moving average (SMA) currently at 1.7543. The selling interest started from the eleven-year peak of 1.9800, however, the long-term picture remains bullish. Turning to the near-term, the MACD […]

China’s 50 stock index (CHI50) is testing the ascending trendline that has been navigating the market since the slump to a one-year low of 11,558. The negative cross between the red Tenkan-sen and the blue Kijun-sen lines and the weakening RSI on the four-hour chart hint that downside risks remain. To confirm that, the index needs […]