Opinions

EURUSD Is Plummeting To Lower Levels

The EURUSD currency pair on the Daily Chart has been following an upward path since 5 February 2021, having found support at the 1.19516 level. The formation of the Japanese candlestick reversal pattern known as Bullish Engulfing signalled the very beginning of the upward bias. The attractive price enticed investors who entered the market with […]

Can ExxonMobil Corp Sustain Its Upside Momentum?

ExxonMobil Corp. (XOM), the largest oil producer in the US has been trading in an uptrend on the Daily chart since 29 October 2020 when it registered the low price at $31.11, followed by a series of higher tops and higher bottoms. On 24 February 2021, XOM recorded the high price of $56.97. Technical Analysis […]

Bulls Are Pushing USDJPY Higher

The Yen on the Daily Chart has been in an uptrend since 6 January 2021 when it registered the low price at 102.583, followed by a series of higher tops and higher bottoms. On 17 February 2021, the Yen recorded the high price of 106.215. Moving Averages and RSI When applying Oscillator Analysis to the […]

Technical Reversal: Euro On The Downside

The EURUSD currency pair on the daily chart has been in a downtrend since 6 January 2021 when it registered the high price at 1.23485, followed by a series of lower tops and lower bottoms. Recent Price Action On 4 February 2021, the EURUSD currency pair recorded the low price of 1.20012. When applying Oscillator […]

AUDUSD Shorts Increased – Longs Reduced

AUDUSD on the Daily Chart has been following an upward path since 2 November 2020, having found support at the 0.69902 level. The formation of the Japanese candlestick reversal pattern known as Inverted Hammer signalled the very beginning of the upward bias. Long Positions The attractive price enticed buyers who entered the market with long […]

Inflation And The FED – The Key To US Markets In 2021

Inflation remains the hot-topic for anyone forecasting the US recovery in 2021. In his recent analysis, Chris Weston, Head of Research at Pepperstone, highlights a number of key indicators to watch, and how FED policy will be crucial to traders in the latter half of 2021. Read a summary of his thoughts here: Inflation The […]

Can PayPal Buyers Maintain Control?

PayPal (NASDAQ: PYPL) on the Daily Chart has been in an uptrend since 3 November 2020 when it registered the low price at 174.8, followed by a series of higher tops and higher bottoms. On 14 January 2021, the PayPal recorded the high price of 249.84. MACD & RSI Analysis When applying Oscillator Analysis to […]

IBM Paves The Way To Move Higher

IBM (NYSE: IBM) on the Daily Chart has been in an uptrend since 28 October 2020 when it registered the low price at $105.9. This was followed by a series of higher tops and higher bottoms and on 6 January 2021 the IBM stock recorded the high price of $131.86. By applying Oscillator Analysis to […]

Position On USD Key In 2021

The value of the USD is a crucial yardstick when comparing almost any tradable assets. If you can make the right call on the future of the USD, then other trades should fall into place. With the current bear run on the dollar well established, making a call on USd should be simple – but […]

USDCAD Set To Capture Lower Grounds

Since 21 December 2020, the USDCAD pair on the 4-Hour Chart has been in a downtrend registering the high price at 1.29555. This was followed by a series of lower tops and lower bottoms and then on 29 December 2020, the USDCAD pair recorded the low price of 1.27788. Price Action Analysis When applying Oscillator […]

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