The AUD/USD pair is trading in an upward wedge pattern on a daily time frame. Most recently, the price action has been moving in a sideway pattern which represents that there is no clear trend establishing, although we are still within the upward wedge pattern. The price is trading near the resistance zone and this…
اقرأ المزيدTesla motor is trading above its upward trend line on a daily time frame. The price has recently broken its downward trend line which confirms that the correction may be over for the stock. The volatility for the stock is low as it is trading near enough the 20 day moving average. The MACD indicator…
اقرأ المزيدThe USD/JPY pair is trading in an upward channel on a 60 minute time frame. The price is trading below the 100 day (shown in red) and 50 day (shown in green) moving averages which clearly represents that the bears are in control of the price. However, the lower line of the this upward channel…
اقرأ المزيدThe EUR/USD has bounced back up strongly from its support zone (minor support zone mentioned below) on a 60 minute time frame as predicted. The support zone was given in our analysis on the 29th May. The price has broken its downward channel pattern which is a sign of confidence for the bulls. The MACD…
اقرأ المزيدFundamental Analysis The ongoing investigation about the China Qingdao port is still impacting the metal. Once the Chinese situation is clear, we expect the rally to continue for the metal, unless there are some big discrepancies. However, the main focus for today will be the non farm payroll data. A positive data could certainly push…
اقرأ المزيدThe EUR/USD pair is highly likely to have a very volatile session today as traders are waiting for the ECB decision. It is almost priced in already that a rate cut will be announced but we do no think that this going to make the euro go lower much but in fact we could…
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