Nov 15,2019

Following our last week’s report on GBP/USD, the candlestick formation now able to form a bullish flag with a lower low. The pair is currently testing near the top-level of the flag, whereby a breakout will allow the pair to rally higher in the longer term.   In terms of......

Nov 08,2019

This week represented the more significant sell-off in six weeks for the safe-haven yellow commodity. The precious metal losses its grips against market conditions that created the downward pressure on the market that brought the gold prices to its knees back to key support levels; only this week, the value......

Nov 08,2019

Following our last week’s report on GBP/USD, the pair continues to be traded its side-way channel, retracing from psychological resistance 1.3000 back to its support at 1.2800 level. The pair is currently holding on above its 18EMA, requiring further market sentiment to breakout from the channel.  In terms of indicators,......

Nov 01,2019

Closed watch onto the yellow metal market has shown a remaining bullish momentum where, from a broader look on the weekly charts is possible to spot the breakout from the falling wedge, as mentioned in last week’s report. After the breakout, the expected pullback also happened right after on Monday......

Nov 01,2019

Following our last week’s report on GBPUSD, it failed to break below the psychological support at 1.2800 level. Instead, the price rebounded back to retest the support-turn-resistance from March near psychological level 1.3000, while forming a possible side-way channel between both levels.  In terms of indicators, MACD currently showing a......

Oct 25,2019

GOLD WEEKLY ANALYSIS – GOLD BREAKOUT FROM FALLING WEDGE   From a technical point of view, in last week’s report, we were able to spot the falling wedge formation that gold price action was forming. This week we are experiencing the breakout for possible confirmation of an uptrend continuation. This......