May 08,2020

OIL WEEKLY ANALYSIS – SHORT SWING FOR THE MARKET BULLS   The new month isn’t exactly off a great start so far for risk trades. After the historic April 20th on the oil price for the first time closing at $0.01 per barrel, price action has been able to recover......

Apr 24,2020

Following the previous report on GBP/USD, price action was rejected by the 61.8 Fibonacci level near 1.2620, breaking below also its 50.0 Fibonacci near 1.2400. Current price action is now testing the short-term upward trend-line, whereby a breakout below will indicate further downward potential. However, price action might find support......

Apr 03,2020

OIL WEEKLY ANALYSIS – MARKET SENTIMENT DRIVEN BY CALLS   The oil market started this trading week recording a new low at 19.29 US$, a level last seen 18 years ago, with a shadowed and gloomy projection of the global oil demand falling by more than 20 Mb/d, the yesterday’s......

Apr 03,2020

GBPUSD WEEKLY ANALYSIS – MARKET UNCERTAINTIES CAUSING THIN TRADING IN GBPUSD   Following the last report on GBP/USD, the pair extended its gains after successfully breaking above previous resistance level near 1.2300. As the pair continues its rally and trimming previous losses, recent candlestick pattern may suggest short-term consolidation between resistance......

Mar 27,2020

OIL WEEKLY ANALYSIS – STALLED WEEK FOR THE OIL MARKET   After the technical correction experienced in the market last Friday, the wrecked oil market had what is considered a flat trading week, forming a consolidation channel within 25- & 21-dollar range, market sentiment remains skeptical with investors in “sit-and-wait”......

Mar 27,2020

GBPUSD WEEKLY ANALYSIS – SIGNIFICANT CHANGE IN MARKET SENTIMENT  Following the previous report on GBP/USD, the pair successfully rebounded from its lowest level previously reached three decades ago, near the support of 1.1640. The pair managed to pare most of its losses suffered throughout last week to retest its resistance......