The unequal rate with which countries are conducting vaccination campaigns against COVID-19 poses the greatest threat to the global economic recovery, Ignazio Visco, a member of the Governing Council of the European Central Bank and Italy’s central bank governor, warned in an interview with the Financial Times. “We need to maintain close international cooperation within […]
Key Resistance: 62.00 Key Support: 59.50 WTI dipped hard last week in a -12.29 move from high to low and this Sunday opened flat but the upside is capped by the 61.50 to 62.00 level which confluences with the weekly pivot. This level is also a previous key level from back in February that also […]
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 a downward move after the rejection from $68 high. The price has fallen to the low of $58.25. The price has broken the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will persist if price […]
Key Support:0.9242 Key Resistance: 0.9190 Long Term View The USDCHF broke with the mid to long term bullish structure this week and has been sitting at the next key level which confluences with the weekly pivot for the past couple of days. Sells are in play given that the DXY (US Dollar Index) has broken […]
The DXY (US Dollar Currency Index) broke during the Asian session with a massive key level; the base/support level from November 2020. This is important because in an almost 12 month bearish market price has never pulled back above the previous base. This comes from a rejection of a 12 year bullish structure (chart below) […]
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: 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: 0.7460 Key Support: 0.7360 – 0.7340 -0.7287 Long Term View The NZD/USD has been in a massive bull market since the March 2020 lows, up 36.20% or 1979 pips. We have hit a mayor key level now. The last time the NU was trading at these levels was back in February 2018 and […]
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 is in an upward move. The uptrend has continued despite a pullback in February. On February 5 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the Yen will rise to level […]
