gold technical analysis
Technical Analysis

Gold Futures (GC): Double Bottom and Pennant Patterns Formation

1-2-3 Reversal call turns into a potential double bottom Major support zone holding since May 2020 Pennant chart pattern forming on 4 Hour chart Support Zone Reminder We need to go back to May 2020 to observe the major support zone, which has been tested six times in two years. The yellow metal is currently Read More…

Analysis Technical Analysis Trading Tips

Technical Outlook on Euro FX Futures (6E)

Euro trading below $1 for the first time since 2002 Bearish sentiment remains Potential bounce possible in the shorter term Consolidation zone on the hourly chart Rewind 2 weeks Looking back at the analysis we did on the Euro on August 19th, our call for the break below $1 has been realized. With such a Read More…

Analysis Technical Analysis

EURO FX (6E) Futures Technical Analysis

Euro continues to weaken against the US Dollar Gaussian Channel creating great short opportunities The Euro could reach parity against the dollar The Euro has weakened against the dollar since the beginning of 2021, with lower lows printed consecutively on the daily chart. Prices have retraced to the 50 Exponential Moving Average (EMA) countless times Read More…

Market Overview

JPY/USD Futures: Bearish Pressure Mounts amid Soaring Yields

Rising US yields weigh on the JPY/USD futures. The Bank of Japan maintains its dovish policy, further igniting the bears. US PMIs, durable goods data, and Fedspeak are the key focus for the market participants. Futures prices for JPY/USD (6J1) remain strongly influenced by US Treasury yields. However, we anticipate that the pair will gain Read More…

Analysis Market Overview

V-shaped Recovery Most Likely in 2021

A “V-shaped” economic recovery with clarity regarding the rollout time of the Covid-19 vaccine and the continual fiscal policy support will generate a positive outlook for stocks and credits come 2021. Anytime the economy as a whole recover quickly and returns to its original levels before the recession without drawing big sectors or groups with Read More…

Analysis Economics Market Overview

USD Stagnation Causes Mixed Feelings: Short-Term Economic Boost Vs Long-Term Effect As A Safe Haven

While some people think the 2020 sudden fall in the relative value of the dollar will boost the economy of the US, some analysts worry that it may affect the global standing of the dollar. Although the two views reflect essential realities, none of them captures exactly the complete story. A USD fall of roughly Read More…