Weekly Technical Analysis Report 13 April – Gold played out nicely, bearish play seen on USDCAD 1. Last week’s outlook on Gold: Bullish play seen On the H1 time frame, prices are testing support at 1917.26, in line with the 50% Fibonacci retracement , 78.6%
Weekly market update 8th April – Dollar outperformed its peers on Fed’s hawkish comments, oil prices set for a second week of decline after IEA agreement 1. The U.S. Dollar Index climbed close to the 100 level which has not been seen since May 2020,
2022 April Outlook for G7 Currencies Dollar, Euro and Pound Bullish outlook for Dollar: Dollar extended its rally to reach the highest level in nearly two years as geopolitical tensions and a hawkish Fed buoyed demand for the safe-haven asset. Fed officials signalled readiness to
Weekly Technical Analysis Report 6 April – GBPUSD played out nicely, bullish play seen on Gold 1. Last week’s outlook on GBPUSD: Further upside seen On the H1 time frame, prices are seeing bullish order flow in line with the pullback that we could be
Weekly market update 1st April – Dollar rebounded after release of disappointing labour market data, release of U.S. oil reserves drove down oil prices 1. The U.S. Dollar Index rebounded to above the 98.5 level at the start of April, as disappointing nonfarm payrolls data
Weekly Technical Analysis Report 30 March – EURUSD and USDCAD played out nicely, bullish play seen on GBPUSD 1. Previous call on EURUSD: Bullish play seen On the H2 time frame, prices are showing bullish order flow, with the break of the recent high where
Weekly market update 25th March – Dollar inched higher as geopolitical tensions and a hawkish Fed buoyed demand for the safe-haven asset 1. The Dollar extended its rally, edging towards its highest level in nearly two years, fueled by a hawkish Fed before paring some
Weekly Technical Analysis Report 23 March – Bearish play seen on USDCAD 1. This week’s outlook on USDCAD: Bearish play seen On the daily timeframe, prices are forming lower lows and lower highs where we could see further downside in prices. On the H4 timeframe,
Weekly market update 18th March – Dollar headed for its first decline in six weeks while commodity prices held steady 1. The Dollar had its first weekly decline in six weeks and held around the 98 level on Friday as investors continued to monitor the