Markets keep highs in sight as Kiwi gains Morning Report: 08.30 London • This morning, markets are on the rise again as the S&P 500 keeps recent highs in its sights. The NZD/USD performing especially well so far, with the pair up 0.36%. • The dollar pairs are generally strong, with the euro out performing the […]
Weekly chart Crude Oil fell back below 93.75 last Saturday after the agreement between Iran and the U.S., along with other permanent members of the Security Council of the UN, and Germany was announced, and which run for six months and includes a halt to Iran’s efforts to improve its ability to enrich uranium […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,227.37 on high volume. We expect more bearish continuation. In the daily chart, we can observe no demand bar on volume below the average, which means that Gold may continue with bearish continuation. We are still […]
Gold prices continue to move lower in an impulsive pattern, and we believe that it could very well reach our second target of 1,200. Prices continue to be in a downward trend and below the downward sloping trend line as shown in the 4-hour chart below. Although the trend is downward, we could see another […]
Technical outlook and chart setups: The metal triggered stop (at 1,250.00) on long positions taken earlier. At the moment, the metal is at 0.786 retracement level of the entire rally between 1,180.00 and 1,440.00; around 1,234.00 region. It is recommended to remain flat for now and await a reaction here. A break of 1,230.00 levels […]
Commodity currencies hit by Iran Morning Report: 08.30 London • This morning, commodities and the main commodity currencies are under pressure after the weekend’s Iran deal. Gold is off by around 0.78%, while the USD/CAD rallies around 0.40%. The Aussie is also under pressure. • The yen continues to weaken, helping Japanese exporters, while the dollar […]
The curious case of Aussie divergence Morning Report: 08.30 London • This morning, commodities and the main commodity currencies are under pressure after the weekend’s Iran deal. Gold is off by around 0.78%, while the USD/CAD rallies around 0.40%. The Aussie is also under pressure. • The yen continues to weaken, helping Japanese exporters, while the […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,236.52 on high volume. We expect more bearish continuation. In the daily chart, we can observe supply bar on volume above the average, which means that Gold may continue with bearish continuation. We are still likely […]
Overview As shown in today’s H4 chart, the metal failed to break the Support level of 19.70 yesterday and is still trading above the Support and below the Resistance level of 20.20 and currently is bouncing from the Support level and starting the bullish move. So we still suggest waiting for closing above the […]
The curious case of Aussie divergence Morning Report: 08.45 London • This morning, the Australian dollar (and other dollar pairs) have continued their divergence against the S&P 500. This is noteworthy because until recent times, the Aussie was seen as a risk proxy that would rise as stock markets rose and vice versa. However, recently, this […]
Gold prices reached 1,237 near our first target area around 1,230, which we mentioned in yesterday’s analysis. Prices are staging a small upward bounce that we believe will be short-lived and downward pressures will resume. Short and long term trend remains downward, pointing towards testing the 1,180 lows, and very possibly we will see new […]
Overview According to yesterday’s expectations, the price’s close below the Support level 20.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Support level 20.20 then 20.00 to trade below and open the way towards 19.70 which is tested right now .Firstly The metal must test this […]
Weekly chart Weekly chart shows a substantial recovery only during the session today after yesterday’s session closed with almost no movement and “indecision candle”. At this point, trading on its weekly pivot line is at 93.87 and comes at an interesting hammer which probably closed this week as a possible bullish continuation. Firstly, it is […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,241.00 on high volume. We expecting more bearish continuation. In the daily chart, we can observe supply bar on volume above the average, which means that Gold may continue with bearish continuation. We are still likely […]
Gold prices have broken downwards and are now trading near 1,245. The trend was downward and our view remained bearish from 1,279 once the support trend line was broken. Prices never really managed to break above the resistance trendline and support levels started to fail one after the other. The daily chart as shown below […]
Yen slips on Bank of Japan meet Morning Report: 08.45 London • This morning, the Japanese yen is coming under pressure after the early morning Bank of Japan meeting and following press conference. The BOJ maintained their two year asset purchase program, helping the USD/JPY hit its highest level since July. The USD/JPY is up 0.69%, […]
Weekly Gchart Crude Oil prices continued to fall on Wednesday reaching a new low at 92.43. Prices fell rapidly following a comment by the President of New York Federal Reserve, William Dudley, who said he was “increasingly optimistic” about the prospects for the U.S. economic recovery. Prices also trembled after an increase in Saudi oil production […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,259.58 on high volume. We are still waiting for further bearish continuation. In the daily chart, we can observe supply bar on volume above the average, which means that Gold may start bearish continuation. We are […]
Overview As it was expected last week, more bearish signals would be available after breaking the Support level of 20.50, as shown in H4 chart, the metal continued its downward move after breaking the Support level, which gave us another good opportunity to sell till reaching the Support level of 20.20. Currently, and as shown, […]
Gold prices continue to trade below resistance levels. Short-term resistance is found at 1,279 and at 1,293. Short-term support is found at 1,268 and 1,263. Prices are trading in a downward slope and below trend line resistance. The trend remains downward in all time frames. We expect prices to break below short-term support and challenge […]
Aussie snap reversal on producer woes Morning Report: 08.45 London • This morning, the Australian dollar is falling back severely after the country’s largest oil & gas engineer posted poor financial result. The AUD/JPY is down 0.62%, with the AUD/USD off by 0.42%. • The yen is performing well, with the USD/JPY off by 0.22% […]
Daily chart Crude Oil, after yesterday’s session closed with a bearish candle, today continues to fall below 93.00 dollars a barrel. The increase in supplies is putting downward pressure on oil prices. Crude stocks in the U.S. rose for the eighth consecutive week as refinery output rose to a high of 24, according to the […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,268.68 on high volume. We are still waiting for further bearish continuation. In the daily chart, we can observe supply bar on volume above the average, which means that Gold may start bearish continuation. We are […]
Gold has broken its short-term upward sloping trend line from 1,260, and although it reached the downward sloping trend line resistance at 1,293, it could not break above it. Rejection at the resistance levels was not good for long positions. Moreover, prices have taken a downward turn as the pressure from the resistance trend line […]
Aussie charges higher despite hedge fund warning Morning Report: 08.45 London • This morning, the Australian dollar is leading markets higher as traders speculate on extensive market reforms to come from China. The Kiwi also performing well on the back of this move. • Stock markets don’t share this enthusiasm, with the S&P 500 futures […]
Weekly chart Crude Oil closed its sixth consecutive week down, its longest streak of weekly declines in 15 years, as traders continued to worry about the big screening of crude supplies in the U.S. and the prospects for energy demand. And this new week starting seems that the outlook is not very different, as we […]
Overview: Since our last analysis, Gold has been trading sideways, around the price of 1,283.00; we are still waiting for further bearish continuation. In the daily chart, we can observe no demand bar on volume below the average, which means that Gold may start bearish continuation. We are still likely to see it testing the […]
China reform blueprints boost Aussie Morning Report: 08.45 London • This morning, the Australian dollar is the early mover after a positive reaction to China’s reform blueprint. The NZD/USD has caught the best wind here, up 0.53%. • It’s not a universally positive start to the day though as stock markets trade lower slightly and […]
Gold continues to hit the 1,290 resistance from below, but it is unable to break above. Although prices have moved outside of the downward sloping red trend line; there is no break above the 1,290 resistance level. At the same time, prices manage to stay above the 1,270 support and are reaching closer to the […]
Overview Based on the H4 chart above, silver is still stabilizing between the Support at 20.50 and the Resistance level of 21.00 after its failure to break the Support level of 20.50 last week. If silver continues its bearish trend and manages to break the Support level, it will produce a strong indicator […]
