GBP/USD: Near-term Action Remains in a Narrow Range and Looks for Fresh Direction Signals
Cable continues to trade within a narrow range for the sixth consecutive day, with psychological […]
EUR/USD: Larger Bulls to Remain in Play Above Broken Pivotal Fibo Barrier
The Euro trades in an extended directionless, narrow-range mode, but underlying bullish structure remains intact, […]
AUDUSD Stays Trapped Below Familiar Resistance
AUDUSD set another foothold around the two-month-old ascending trendline last week, correcting higher to test […]
WTI Oil Futures Retreat after 50-day SMA Rejects Advance
WTI oil futures (February delivery) have been stuck in a downtrend since June but managed to bounce […]
GBP/USD: Bears Headed for the Previous Low
Three weeks ago, we talked about the GBPUSD pair, according to which a global corrective […]
WTI Oil: Bull-Trap and Reversal Pattern Warn of Deeper Pullback
The WTI oil remains at the back foot for the third consecutive day and extends […]
US Oil Tests Key Resistance
WTI crude steadies as Russia bans countries that abide by the Western price cap. On […]
XAU/USD Grinds Rising Trend Line
Bullion remains sideways as the US dollar attempts to claw back losses near year’s end. […]
FTSE 100 to Close the Year in the Positive, While S&P500 Lost a Fifth of its Value
The good news with China’s reopening is that it should boost global growth. The bad […]
NASDAQ closed at new 2022 low, but a turnaround soon?
NASDAQ closed at new 2022 low at 10213.28 overnight as investor sentiment turned sour in […]
Elliott Wave Projects Further Downside in DAX
Short term, Elliott wave view in DAX suggests cycle from 9.28.2022 low has ended with […]
US initial jobless claims rose to 225k, matched expectations
US initial jobless claims rose 9k to 225k in the week ending December 24, matched […]