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Is Gold Corrective Phase Over?

Gold rallied in the short term and now it stands at 1,729 level right below a critical resistance level. As you already know, the yellow metal was into a corrective phase after reaching the 2,075 all-time high in August 2020. The price has found strong support and now it has turned to the upside. Technically, […]

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USOIL (WTI) Is Range-Bound between Levels $58 and $62

Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in an uptrend. The uptrend has been terminated at the $68 high. WTI fell to the low of $57 and resumed consolidation above the current support. On March 8 uptrend a retraced candle body tested the 50% Fibonacci retracement level. […]

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USD/JPY Reaches the Overbought Region, May Reverse at Level 111.37

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen has risen to level 110.96. The uptrend is reaching bullish exhaustion. On March 10, a retraced candle tested the 78.6% Fibonacci retracement level. The retracement implies that the Yen will […]

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