Key Support: 25.00 – 24.75 Key Resistance: 26.00 – 26.70 Long Term View When it comes to metals Silver has the best potential. Gold has already made all time highs but Silver´s all time highs are at the 50 level (April 2011) when it´s trading at around $25 right now. The $25 level in Silver […]
Key support: 0.8593 Key Resistance: 0.8720 – 0.8535 Long Term View Since the highs in December the Pound has rallied 7.5% against the Euro (-7.50% move in the EUR/GBP) and last week it rejected the 0.8550 level which is a massive area of resistance turned support from May 2020. 1H Chart Analysis Price is trading […]
Key Support: 1700 – 1703 Key Resistance: 1757 – 1565 Mid Term View Since we hit all time highs Gold has declined about 18% in roughly 200 days. 1H Chart Analysis After moving down and breaking a super important level (1765 – May highs) Gold is sitting back and retesting the next key level, the […]
Key Resistance: 1.2680 Key Support: 1.2600 – 1.2500 Long Term View The USDCAD has been in a very strong down move for the past few months and now it the upside has been capped by the 1.2740 which has been the weekly high of the past 3 weeks. 1H Chart Analysis This week the USDCAD […]
Key Support: 1.2645 Key Resistance: 1.2700 – 1.2740 Long Term View The Canadian Dollar has been super strong against the US Dollar but it has now bounced from a Key Level from February 2018 and it has depreciated 2.25% against the USD since that bounce last Thursday (USDCAD +2.25%). 1H Chart Analysis After last Thursday´s […]
Key Support: 0.7720 Key Resistance: 0.7900 Long Term View Bullish, extremely bullish. The Aussie is the one of the currencies that has outperformed the US Dollar since the pandemic back in March 2020. The rally we have seen since November is a massive 100 pip run (+14.5%). 1H Chart Analysis The move from the highs […]
Key Resistance: 1.40 Key Support: 1.38 Mid Term View After hitting and rejecting the 1.4200 level the GU crashed 358 pips (-2.50%) and broke with the 1.40 level to close lower on Friday. Sunday´s open brought buyers to push the Pound up to this previous level. 1H Chart Analysis The retest of the 1.40 + […]
Key resistance: 1760 Key Support: 1732 – 1717 Long Term View Gold has been under pressure since it failed to regain the 2000 level with the DXY unable to move lower. Gold is down 12.50% this year from its January 5th highs and is now trading below a massive key level (May 2020 highs and […]
Key support: 20.70 Key Resistance: 20.85 – 21.00 Long Term View The USD/MXN has been on a +7.70% bullish move from low to highs since the lows in late January 2021. We have been trading the upside the past couple of months and our bias remains very bullish as long as price keeps trading inside […]
