Gold snapped its five-day winning streak with a 0.19 percent gain on Thursday, confirming a bullish divergence of the relative strength index on the 4-hour and hourly charts. 4-hour chart… Read more »
Brent oil is currently trading at $70.94, representing a 0.42 percent drop on the day and risks falling further, courtesy of the bearish divergence of the 4-hour chart relative strength… Read more »
AUD/JPY holds its 200-day simple moving average (SMA) breakout intact while trading near 80.40 during early Monday. The pair crossed the crucial SMA level for the first time in 2019… Read more »
Oil Price Talking Points Crude struggles to hold its ground amid the weakening outlook for demand, and recent price action raises the risk for a larger pullback as the Relative… Read more »
British Pound Talking Points The British Pound attempts to retrace the decline from the first full-week of April as Prime Minister Theresa May prepares to request an Article 50 extension,… Read more »
Crude Oil Price Talking Points Crude remains bid despite an unexpected jump in U.S. inventories, and oil prices may trade higher over the coming days as the Organization of the… Read more »
Having witnessed repeated pullbacks from four-week-old descending trend-line resistance, the USD/JPY pair is trading around 111.40 ahead of European open on Thursday. Not only failure to surpass a month-old resistance-line… Read more »
Canadian Dollar Talking Points USD/CAD gives back the rebound from earlier this week even though the Bank of Canada (BoC) warns that ‘the economic outlook continues to warrant a policy… Read more »
EUR/USD is currently trading at 1.1222, representing a 0.20 percent gain on the day, having clocked a low of 1.1184 yesterday. The recovery could be extended further to 1.1250 as… Read more »
Having clocked a low of 1.3009 in Asia, GBP/USD is now trading at 1.3042 and could rise further toward the descending (bearish) 50-hour moving average (MA), currently located at 1.3070,… Read more »