Fundamental Analysis The consumer confidence and US home sales data were a real slap in the face if you are trading gold and hoping for the upside. However, the technical for gold are pointing for oversold signal which could just may provide a little pause in this sell off or give us a mean reversion…
Read MoreGreece dominates headlines for the past few months and this trend could continue for the coming weeks or months if there is no viable solution in place. However, we do think that Greece will give in to the European demands to unlock the fresh credit line, but this move will not be humiliating for the…
Read MoreThe EUR/GBP pair is trading below its downward trend line on a daily time frame. This confirms that the trend is towards the downside. Although, the price is trading below both the 50 day shown in yellow and the 100 day shown in red moving averages which confirms the above argument however, the slope of…
Read MoreCrude oil has broken its upward trend line on a 4 hour time frame. The has formed a triple top and touched its resistance zone, which is mentioned below, three times. If this pattern does break towards the downside, we could see the price moving sharply lower and breaking its support zone (shown below). Although,…
Read MoreThe USD/JPY pair is trading in a side pattern on a 4 hour time frame. This means that there is no clear trend of the price. The price is also trading within the Bollinger band which reflects that the volatility is low and the price is trading close enough to its 20 day moving average…
Read MoreThe IBEX index is trading below the downward trend line on a 4 hour time frame. This confirms that the index is trading towards the downside however it is has also formed a symmetrical triangle pattern which ranks on the bottom of the list. If the symmetrical triangle broken towards the downside, the probabilities are…
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