The USD/JPY pair has formed a symmetrical triangle pattern on a 4 hour time frame. These patterns are ranked towards the bottom of the list as they do not usually complete their projections or there is no clear evidence of them breaking in any particular direction. However, statistically, these patterns often break in the direction…
اقرأ المزيدThe GBP/USD pair is trading in a support zone (mentioned below) on a 4 hour time frame. The support zone is a fresh zone which means it has not been tested and this increases the odds that the price could bounce back up from this zone. The pair is also trading below the 50 and…
اقرأ المزيدThe USD/JPY pair is trading in a side way pattern on a 4 hour time frame. The price has formed a wedge pattern and the volatility is very low as the pair is trading near the 20 day moving average.If the price breaks out of this wedge pattern towards the upside, it could surpass the…
اقرأ المزيدGlencore is getting hammered yesterday as investors were getting out of this trade. The options market is still very heavy today and most of the bets are anchored towards the Put side. In terms of analyst rating we still have 16/32 analysts with a buy rating. Most of the current price plunge is mainly due…
اقرأ المزيدFundamental Analysis Industrial metals are under pressure once again after the data in china confirmed that industrial profit have slummed further and this has made the investors cautious these companies will take further measures to cut production which will impact the underlying metals. The market moving data, the Caixin, manufacturing managers PMI will be the…
اقرأ المزيدThe GBP/USD pair is trading below its downward trend line on a 4 hour time frame. The price is trading below its 50 day (shown in green) and the 100 day (shown in red) moving averages and this confirms that the bears are in strong control of the price. Nonetheless, it is also important to…
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