Technical Analysis

Brent oil returned above 200 SMA ($50.80), following several unsuccessful attempts to clearly break below it, with one of downticks also briefly probing below psychological $50.00 support. Overall str...
Technical Analysis

USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave (...
Technical Analysis

The DAX index has been oscillated in the range between 11900 and 12100 since early March. Monday, we saw the release of German IFO expectations, current assessment and business climate figures for Mar...
Technical Analysis

EURUSD: With the pair now seen threatening a move lower, it looks to extend corrective pullback. On the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more up...
Technical Analysis

FTSE attempted to fill Monday's gap on extension of bounce from fresh low at 7179, but rally was so far short-lived, failing to benefit more on bullish signal from yesterday's Hammer. Pound's correcti...
Technical Analysis

Dow is consolidating in 20500 zone on Tuesday after extension of pullback from 21160 peak hit fresh low at 20355 on Monday. Rising 55SMA contained dip, offering solid support at 20393 today. Yesterday...
Technical Analysis

The USD/CAD has reversed from the bottom, making bullish cup with handle pattern (purple square) with two POC zones that could reject the price towards 1.3420 and 1.3460. POC1 (61.8, EMA89, ATR pivot,...
Technical Analysis

EUR/USD Yesterday's peak at 1.0904 was followed by a minor reversal and the intraday bias is slightly negative, for a tight test of 1.0820 support area. The latter is still a base for another leg upwa...