Mar 20,2020

GBPUSD WEEKLY ANALYSIS – POUND MAJOR PLUNGE TOPS BREXIT CRISIS  Following the previous report on GBP/USD, the pair disobeyed all its technical rules, breaking below all its previous support levels to reach its lowest level last seen since 1985 near 1.1400 handle. The plunge in prices was even further than......

Mar 20,2020

THE WOUNDED BEAST   Oil markets yesterday have experienced what is considered a technical correction, creating much expectation about a further recovery. However, it would be hard to claim that it is objectively true. Still, the market needs to deal with the Covid-19 and the disintegration of the OPEC+ alliance.......

Mar 13,2020

Following the previous report on GBP/USD, the pair extended a perfect rebound from the bottom-level of its falling wedge back towards the top-level near 1.3120, before defying all its technical indicator as it breakout below the support near 1.2800 and its falling wedge formation. The pair now test its support......

Mar 13,2020

The effect of the coronavirus has been felt not only within the energy markets but far and wide in any other financial instruments across the board; stocks, Forex, cryptocurrencies, commodities, you name it. Its effects have landed in the modern world as the latest black swan. Now, the unleashed oil......

Mar 06,2020

Following the previous report on GBP/USD, the pair extend losses towards the bottom-level of its falling wedge, before the recent technical rebound back towards the 1.3000 psychological resistance. Price action is also currently testing its 50EMA, where even after a breakout above the 1.3000 level, the pair still have room......

Feb 28,2020

After registering the new high at 65$ handle in January 2020, the oil market has been doing nothing but melting down. In two months, it has dropped 30% of value clearing last year’s gains and getting back to January 2019 price level. The fears about the impact on the global......