Copper Technical Analysis – New easing measures from the PBoC trigger a rally
Fundamental Overview Last Friday, the PBoC announced new easing measures which included further rate cuts and stock buyback funding. Moreover,…
Category: Technical Analysis
USDCHF Technical Analysis – The greenback remains supported on lack of catalysts
Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum.…
Crude oil futures forecast – weekly chart. Bears eyeing $67.75 next
aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels 📉 Crude Oil Futures (CL1!) are showing clear…
As the NA session begins, the NZD is the strongest and the CHF is the weakest
TGIF. As the North American session begins, the NZD is the strongest and the CHF is the weakest. China’s economy…
USDJPY dips below 100 hour MA. Can the momentum continue below the 200 hour MA now?
There are some small wins for seller in the USDJPY from a technical perspective: The price stalled ahead of a…
EURUSD trades to a new high
The EURUSD is trading higher and is approaching key resistance near 1.0871 to open 08746. Within that area is the…
Apple on pace for a record close
Shares of Apple are trading at $235 or up $2.85 or 1.22%. Closing this level would suppress the all-time high…
The NZDUSD this week extended to a new low into swing area support, and bounced modestly.
The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs…
USDCAD buyers remain in control. Bank of Canada rate decision next week
The USDCAD buyers remain in control in what has been an up-and-down trading week that did see the pair move…
What are the technicals driving the USDCHF and the EURCHF for October 18
The USDCHF this week extended above a swing area between 0.86078 and 0.8619, and then the 38.2% retracement of the…