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Diving into the intricate waters of oil trading, it's paramount to highlight the notable moves observed in the market recently, particularly the pronounced downward shift. Oil's trajectory in September began with remarkable promise— the initial 19 ...
In today’s technical analysis, it’s impossible to overlook the remarkable performance of oil, specifically WTI, which has been experiencing an extraordinary end to August and a strong start to September. The bullish sentiment in the oil market has ...
Brent Oil witnessed a volatile week, demonstrating a tug-of-war scenario between the bulls and bears, leaving the commodity to oscillate within a key rectangle pattern. The week commenced on a bullish note with Brent Oil setting its course towards ...
This week has been a rollercoaster ride for most instruments, including commodities. While gold took the spotlight with an upswing above $2000 per ounce, interesting things were also happening in oil - not as spectacular, but definitely crucial and ...
February has been a wild ride for precious metals, with silver experiencing significant ups and downs. Despite starting the month with impressive gains and reaching its highest levels since April 2022, the metal has seen almost daily bearish ...
In today’s technical piece we bring you Oil, which yesterday made the new long-term lows but today, the price is very close to a major buy signal. It may seem weird but let me explain to you how we came to this conclusion. Yesterday’s drop on WTI ...
The appetite for commodities influenced by rumors from China that it will be ending its zero-Covid policy is helping Gold. And when we look at the chart, we can see that, boy, Gold really needed that help. Gold is one step from a major trading ...
Recently, trading the yen has been full of huge movements, but also a lot of uncertainty and anticipation. Anticipation for what? Well, a few Japanese officials commented on their currency’s exchange rate hinting on an intervention. Speculations are ...
Oil is on the run and the upswing is heavily supported by an excellent bullish technical situation on the chart. The buy signal is still fresh as it comes from yesterday, so there’s still a lot of room for buyers to extend the rise. In the middle of ...
The first Friday of the month is usually very busy for the USD but also for the CAD. Friday’s usually the day we have job data from both those markets and they do definitely shake up the charts. This Friday was better for the American currency as ...
The second half of the European session brings us slightly higher volatility because of the fact that Nancy Pelosi is on here way towards Taiwan. China considers this a hostile move and has significantly increased its military presence in the ...
The FED’s interest rate hike and worse GDP data definitely spiced up trading during the second half of the week. Surprisingly, the biggest moves can actually be seen on the yen, which strengthened dramatically. You could argue that this is because ...
There is one forsaken instrument on the market, and it could be this week’s winner, especially over the last two days. That instrument is gold. Gold has had a real rollercoaster ride this year. From long-term highs, above the 2000 USD/oz, to yearly ...
The markets have had enough. Enough of the cheaper stocks and enough of the stronger dollar. A time for correction has now come! On EURUSD it was played out in a terrific way. The pair was flirting with parity, and for a while the word ‘parity’ ...
Today’s Reserve Bank of Australia (RBA) meeting minutes happened to be much more hawkish than expectations. It was said that there is still room for the rises, which was positively received by market participants. A hawkish RBA along with the great ...
We’ve spotted a great selling opportunity on the USDCAD and it’s a great occasion for both the mid and long-term. First, let me show you the big picture and the handsome price action that can be seen on a weekly chart. So, the main thing on the ...
The last two days are definitely very important for the EURGBP. News crucial for this pair is flowing in constantly, giving the EURGBP fuel for some nice swings. Yesterday, the Euro was lifted by rumors that the European Central Bank (ECB) will ...
In Forex, the second half of March is definitely the time the Yen is weak. The depreciation of the Japanese currency was seen on almost all fronts and its scale was, for many people, really surprising. The last few days of March bring us a ...
Very interesting things are currently happening on Gold’s chart, where traders are trying to back down from the optimism seen here in February and the first few days of March. The most recent movements are very technical, and it seems like nothing ...
Ahead of the Russian invasion of Ukraine, the Forex market was pretty resilient, not showing big signs of a potential risk off mode. It definitely changed once Russian tanks entered Ukrainian soil. In the past few days, we are experiencing a ...