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The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention. The daily price is on ranging below and near Ichimoku cloud to be ready for the daily bullish reversal by breaking 1.0786 resistance to above or bearish market condition to be resumed in case the ...
Gold prices may continue to recover in the coming days if U.S. economic data worsens and cools bets for a more aggressive Federal Reserve monetary policy outlook. The daily price broke 200 SMA for the primary bullish reversal. The price is trying to cross 1,869 resistance line to above for the bullish trend to be continuing. more...
The Australian Dollar has a solid fundamental backdrop for now, but external factors continue to bump the currency around. Will AUD/USD take its own path? Daily price was bounced from 0.6828 Fibo support level to above for 0.7145 resistance to becrossed for the bear market rally to be continuing. Alternatively, the price will be on bearish ranging within the levels. more...
First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The chart was made using Metatrader 5 with Brainwashing Original Ichi trading system (this trading system is attached to the post as zip archive for example). more...
The price of oil spiked to a fresh yearly high ($130.50) in March. Current market conditions may lead to higher crude prices as expectations for strong demand are met with indications of limited supply. more...
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