The NZD/USD pair is back in the bullish zone above 0.7120 and Crude Oil price is set to break the $51.90-52.00 resistance. NZD/USD Forecast – Back in Bullish Zone Key Points The New Zealand Dollar after forming a bottom near 0.7050 started an upside move against the US Dollar. There was a break above a… Continue reading Market Forecast 13/10/2017
The Euro is correcting higher vs the Japanese Yen, but upsides remain capped near 133.00. Crude oil price is starting to show signs of a short-term top. EUR/JPY Forecast – Euro’s Upsides Remain Capped Key Points The Euro started a downside move from the 134.35 swing high against the Japanese Yen. The EURJPY pair is… Continue reading Market Forecast 27/09/2017
Silver Price Eyes Further Gains Key Points Silver Price made a nice upside move and traded above $18.00 level against the US Dollar. There is a contracting and ascending triangle forming with current resistance at $18.20 on the hourly chart. Today in China, the Trade Balance report for August 2017 was released by the General… Continue reading Market Forecast 08/09/2017
Crude oil price after a solid rise above the $50.00 level against the US Dollar moved down. A high was formed near $50.44 and then the price traded as low as $48.0. Later, it started trading in a range and forming a contracting triangle pattern with resistance at $49.40 on the hourly chart. On the… Continue reading Crude Oil Price Forming Contracting Range
There was a decent upside move in Crude oil price after a decline towards $41.85 level against the US Dollar. The price has formed a support and started trading higher above $42. There was a close above the 23.6% Fib retracement level of the last decline from the $45.25 high to $41.84 low. The price… Continue reading Crude Oil Price Slowly Recovering
Crude oil price after rising above the $52 level against the US Dollar failed to hold gains and started a downside move. The price declined towards $48.00, and formed a support base near $47.90. However, it is struggling to hold the stated level and remains at a risk of a break towards $47.50, which is… Continue reading Crude Oil About To Decline Further?