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The Canadian Dollar may continue to pull back unless the BOC manages a convincing hawkish surprise at the upcoming monetary policy announcement. That looks like a tall order. The daily price is trying to cross 100 SMA for the 200 SMA to below as the next target for the primary daily bearish reversal. more...
Gold fell last week as traders moved out of risk assets, boosting the US Dollar to its strongest level since December 2002. The yellow metal faces a tough path if Greenback strength persists. Daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is crossing 1,821 support level to below for the bearish trend to be continuing with 1,799 target to re-enter. more...
The price of gold slipped below the 50-Day SMA for the first time since February as it extends the decline from the monthly high ($1998), and the update to the US Personal Consumption Expenditure (PCE) Price Index may drag on bullion as the Federal Reserve’s preferred gauge for inflation is expected to downtick for the first time since August. The H4 intra-day price is below 200 SMA by crossing 1936 support level to below for the primary ...
The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin. The weekly price is breaking Ichimoku cloud to below for the primary bearish reversal to 0.7165 and 0.7086 possible bearish targets. more...
Here are the long and short recommendations for the month of April. ChevronVISAAmerican ExpressMicrosoftCoca ColaApple We can see that VISA has been trading for 14 years and has risen in almost 79% in all the months of April. The average return has been 5.38% and the expected return is 4.23%. more...
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