Jan 17,2020

Following the previous report on GBP/USD, the pair extended lower towards its 50EMA and support level near 1.3000, before rebounding back and retesting its 18EMA near psychological level 1.3100. Denial from its support zone showed significant demand around the area, persisting a bullish trend.    In terms of MACD, bearish......

Jan 17,2020

2020 so far has been an exciting year for the crude oil market, recording fresh high in the first week and experiencing a sharp correction immediately after, losing 13% value and finding support above a flattened 200 MA, trading at the 58 handle with no clear direction. Technically speaking, price......

Jan 10,2020

Following the previous report on GBP/USD, the pair breaks below its 18EMA, with next support zone targeted at psychological level 1.3000 and its 50EMA. Previous evening start formation just below previous resistance zone from March 2019 probably give market participants more of a reason to sell, causing the pair now......

Jan 03,2020

Crude oil market closed 2019 in a clear bullish note, OPEC+ output cut agreement, US-China trade war deal on phase-one, geopolitical and macroeconomic headlines, and wintertime worked out the perfect scenario for a bullish trend that represented a 47% price recovery from December 2018 to date. From the technical point......

Jan 03,2020

Following the previous report on GBP/USD, the 50EMA (red) was able to provide sufficient support for the pair to extend its rebound back above its 1.3000 level. After its rally back above 1.3200, the pair is still denied from its top levels as it currently finds grounds above the 18EMA......

Dec 27,2019

Following the previous report on GBP/USD, the pair further its downward momentum, breaking below the 1.3000 psychological support following the evening star formation below the previous high from May 2019. However, the downside was limited by its 50EMA (red), allowing the pair to rebound slightly while re-testing the 1.3000 level. ......