News

• Gold reversed from the support level 1727.00 • Likely to rise to resistance level 1782.80 Gold recently reversed up with the daily Morning Star from the pivotal support level 1727.00 (former monthly high from September and October, as can be seen below) – standing near the 38.2% Fibonacci correction of the upward impulse from […]

• CADJPY under bearish pressure • Likely to fall to support level 102.65 CADJPY under the bearish pressure after recently breaking the key support level 104.50 (which has been reversing the price from September), intersecting with the 50% Fibonacci correction of the upward impulse from May. The breakout support level 104.50 accelerated the active impulse […]

Bitcoin did not hit the supporting level of 13000+ just yet. The asset has repeatedly approached the level of 15625 and reversed back up. The key market players could be buying large amounts of Bitcoin now. Currently, Bitcoin is undergoing a correction, which might last until the asset will face resistance at the level of […]

Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions once again last week. Total upside exposure rose to around 278k contracts from around 274k contracts prior, marking the fourth consecutive week of bullish positioning growth. Sadly, for those who added to upside bets last […]

AUDUSD, “Australian Dollar vs US Dollar” The currency pair is growing inside the bullish channel, moving above the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 0.6695, followed by growth to 0.6945. Growth will be additionally supporter by a bounce off the […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. However, the RSI is already in the oversold area. Here we should expect a test of the support level at 0/8 (0.9277), a bounce off it, and growth to the resistance level of […]