SPX500 hits Major Resistance Level

Market News & Analysis The SPX500 has returned to major resistance that spans back to October 2018, the level is around the 2816.80 area. The SPX500 hasn’t closed above this level since 9th of October 2018. Currently from a technical perspective price...

Gold returns to main trend line

Market News & Analysis Gold has returned to its main trend line after seeing solid selling overnight as the USD made a fightback. The USD rallied overnight off the back of testimonies from Fed Chair Jerome Powell and U.S. Trade Representative Robert Lighthizer....

US30 hitting Supply Zone, positive news to maintain trend?

Market News & Analysis This US30 trend is reminding us of 2017, straight mainly low volatility rally. In 44 days buyers have added 4247 points since the 26th of the 12th 2018. Amazing looking at this after the doom and gloom of late December 2018. There have been...

USDCAD at a crossroad – bullish pattern forming

Market News & Analysis USDCAD has had a mainly hard week dropping 72 pips till Wednesday’s close. Overnight USD bulls jumped back into action, the $/C recouping 56 pips its best single day rally since the 7th of Feb. Looking at the daily chart below, things...

Gold soaring, but multi year resistance awaits.

Market News & Analysis Gold has been back on the buyer radar for several months now, buyers have posted 5 positive months in a row since October last year for a gain of $154 since the October low. A weaker USD and geopolitical uncertainties have helped to drive...