Australian Dollar Extends Gains, Hits Three-Week High

GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800 (which has been repeatedly reversing the price from December) standing near the upper daily Bollinger Band. The downward reversal from the resistance level 1.2800 stopped the previous intermediate ABC correction […]

Gold dropped 1.6% in holiday-thinned Asian trading on Thursday, hitting the lowest in two weeks, as fresh risk appetite on fading trade tensions further dented metal’s safe-haven appeal. Loss of pivotal $3300 support zone has generated strong bearish signal (daily close below these levels to confirm the signal). Fresh bears cracked next strong supports at […]

Oil price extends steep decline into the second consecutive day and hit two week low in early Tuesday, after the price fell nearly 4% on Monday. Oil was deflated by weaker demand outlook and signals that Israel will not strike Iranian oil infrastructure. OPEC cut its forecast for global oil demand in 2024, which increased […]