Technical Analysis

WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products underpin WTI. WTI Technical Analysis: Near-term shifted upward biased,…

The current AMZN structure suggests a price decline, which may indicate the beginning of a bearish correction b in the long term. It can take the form of a primary zigzag. In the near future, we can expect the…

GBP/USD bulls face the task of getting back over the line ahead of the NFP. Bears are taking on a key layer of support with eyes to 1.2170. GBP/USD is on the defensive following a recent break of daily structure…

Amazon stock has jumped more than 4% ahead of the market open. Amazon CEO Andy Jassy leads the earnings call after Thursday's market close. Wall Street expects $0.17 in EPS on $147.8 billion in revenue for Q4.…

Silver scales higher for the third successive day and touches a fresh weekly high on Thursday. The formation of a rectangle on the daily chart warrants caution before placing directional bets. The technical setup,…

GBP/JPY prolonged its agony and dropped for the third time in the week below 160.00. GBP/JPY Price Analysis: Break below 159.50 exacerbated a fall towards 158.90, the week’s low. The British Pound (GBP) failed to…

Silver fails to hold to its earlier gains above the 20-day EMA, with traders eyeing $23.00. Silver Price Analysis: Consolidated, slightly skewed downwards, as oscillators turned bearish. Silver price struggles at…

USD/CHF remains on the back foot despite latest inaction. Sustained break of fortnight-old ascending trend line, U-turn from 200-EMA favor sellers. Buyers need successful trading below 61.8% Fibonacci retracement…

USD/JPY remains depressed inside a fortnight-old triangle after reversing from one-week high. Convergence of 100-EMA, descending trend line from mid-December guards immediate upside. Sluggish RSI, multiple hurdles…

USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150.  USD/CAD has blown off on Tuesday as preliminary domestic…