Lack of Catalyst Preventing Breakout
Nov 29,2019
Following our last week’s report on GBP/USD, the pair is still trading in its flag formation, while currently testing near its top-levels. Overall price action remains healthy above its demand zone, with its 18EMA providing support for any price retracement. In terms of MACD, although still in a bearish zone,......
Weekly Market Events
Nov 25,2019
Getting Ready To Breakout From Its Bullish Flag
Nov 22,2019
Following our last week’s report on GBP/USD, the pair failed to break above its bullish flag, instead of retracing from the flag’s top-level. However, recent denial of bearish momentum allowed the pair to rebound back towards the top-level while still waiting for the missing catalyst for a breakout confirmation. ......
OIL RESILIENCE AMID GEOPOLITICAL TENSION, OPEC+ AND WINTER
Nov 22,2019
Despite the lack of clarity in trade sentiment, the crude oil price action rejected recent bearish momentum, allowing the black gold prices to rebound from its upward support trendline, struggling to break its consolidation phase to record new high for this month finally. From a broader standpoint, oil’s......
Weekly Market Events
Nov 19,2019
GOLD RISE BUT WITH UNCERTAINTIES
Nov 15,2019
The gold market has tumbled essentially because uncertainties are hurting the risk appetite from the investors, a strong dollar with unexpected stock market gains has drifted apart the sentiment towards the precious metal, on the other hand, the current situation with the headlines that hoard the week, the trade war deal......
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