Jul 17,2020

GBPUSD WEEKLY ANALYSIS – Trading Within Strong Uncertainties      Following the previous report on GBP/USD, the pair formed a downward trend following the shooting star formation towards the 38.2 Fibonacci level near 1.2250. However, the pair managed to break above the downward trend-line in early July. The pair currently trade between......

Jul 10,2020

OIL WEEKLY ANALYSIS – PRICES UNLIKELY TO BREAK RESISTANCE The market traded in a tight range this week, near its top around the 40$ handle failing to break the resistance level. Moreover, a whole month into consolidation with a total lack of fundamental supports has brought the market to retrace......

Jun 26,2020

OIL WEEKLY ANALYSIS – A ROLLERCOASTER WEEK FOR THE CRUDE OIL MARKET Oil prices started this week controlled by the bulls in a positive note, being able to test 41.61$ per barrel recording a fresh high for the month, only to finally drop after the risk sentiment saw a late......

Jun 22,2020

OIL WEEKLY ANALYSIS – BULLS STUBBORN UNDER RISK AVERSION   Oil initially dropped on Monday on worries of a second wave of coronavirus but rebounded after the Federal Reserve promised to buy corporate bonds. With oil prices moving into a more stable trading range between $35 and $40, the market......

Jun 12,2020

OIL WEEKLY ANALYSIS – MARKET BULLS SAVED BY TECHNICAL CONFLUENCE The recovery in the oil market has been driven mostly by fundamental forces. Bulls took the stairs directly to the 40th floor, then a lack of support, changes in the market sentiments, inventories building up, and the potential threat by......

Jun 12,2020

GBPUSD WEEKLY ANALYSIS – Bumpy Road Ahead; BOE Interest Rate & Brexit Extension Decision     Following the previous report on GBP/USD, price action faced a strong rejection from its 61.8 Fibonacci level near 1.2710, forming a shooting star followed by a bearish engulfing candle that wiped out last week’s gains.......