Dec 20,2019

Following the previous report on GBP/USD, the pair breakout above its bullish flag formation while hitting more than a year high near 1.3500 level. However, the pair loses its upward momentum, forming an evening star below its 1.3500 level, while currently testing back the 1.3000 level.   In terms of......

Dec 20,2019

After entering the triangle’s zone, the black gold was able to experience an incredible bullish momentum with six days in a row recording new highs, even breaking the ascending channel resistance and heading to three-moths high with a clear path in between. Technically speaking, price action has been recording new......

Dec 13,2019

The black commodity was able to trade high, breaking this week’s choppy price action. The market got supported by the latest and long-expected announcement from Mr. Trump signing the agreement and giving the concession to the tariff on Chinese goods. As commented last week, the price action got inside the......

Dec 06,2019

Following our last week’s report on GBP/USD, the pair was previously still testing near the top-level of its bullish flag. This week, market sentiment provided the catalyst needed for the pair to breakout above its bull flag and resistance zone near 1.3000. The current price action reached a 7-month high......

Dec 06,2019

Despite the Organization of the Petroleum Exporting Countries and Russia, lately known as OPEC+, agreeing to proceed with further output cuts, the market has kept in a flat note. The investors have remained cautious over the market sentiment expecting new clues from today’s meeting second episode. Before moving forward, let......

Nov 29,2019

The oil market was able to manage and finally breakthrough after 55 days the dynamic resistance imposed by the 200 SMA. However, after this long-waited breakout, the price has been seesawing within the 58 and 57 levels, amid lack of clarity on the political front signs has diminished the market......