The GBPUSD has been flexing muscles over the past several days as the pair recuperated from the last dip. The price action is currently establishing a new upswing, testing the upper boundary of a major Flag pattern. If it manages to break out higher, this could very likely confirm the strong bullish pressure in the market. Such a turn of events would also signify the potential continuation of the previous [...]

The price of gold quite expectedly reached the 1780.00 swing peak recently, which had previously served the role of a major swing low. Hence, its function as a prominent make-it-or-break-it turning point has been established. Because of that, the timing seems perfect for the development of a new bearish correction. [...]

The price of WTI continues to trade around the psychologically significant resistance level at 60.00 in anticipation of another directional movement. Following the completion of a massive bullish uptrend recently, the commodity's price has begun to consolidate as bearish pressure ramps up. This can potentially be perceived as the early stage in the development of a new downtrend, provided that the bears manage [...]

Since the beginning of March, the Nasdaq Composite has been stabilising after having reached a bottom of a preceding bearish correction. The short-term bullish momentum is presently increasing, however, many unknowns remain. Chiefly, will the recuperating stocks manage to surpass the previous all-time high near 14200.00, or the short-term bullish momentum is nothing more than a temporary break in the [...]

German stocks have been rallying over the past couple of weeks, ever since the publication of the latest industrial numbers in Germany, which proved to be quite robust. The rally of the DAX was further supported by the recuperation of the euro over the last several days. Despite the persisting bullish bias as of late, however, the DAX index's uptrend, which currently finds itself near its all-time high, looks [...]

The EURUSD is consolidating ahead of the March Non-Farm Payrolls in the U.S, similarly to the behaviour of the GBPUSD. Additionally, the pair's price action appears somewhat subdued today because of low trading activity (today is Good Friday, a major Holiday in Western Europe and the U.S.). Traders should keep in mind that low liquidity oftentimes leads to adverse fluctuations because of a lack of general [...]

The price of gold recently rebounded from the 61.8 per cent Fibonacci retracement level at 1690.36 and has been consolidating above it since the middle of March. This is significant news for a number of reasons. Firstly, the 61.8 per cent benchmark represents the final Fibonacci threshold in a sequence (it follows the 23.6 and the 38.2 per cent marks), which means that the price action currently finds itself [...]

The GBPUSD is forming a new downtrend, despite the fact that the pound, bolstered by robust economic data in the U.K., continues to show resilience to the mounting bearish pressure. That is why other currency pairs involving the greenback have already dived more than the cable has, but even the GBPUSD is starting to be affected by changing market sentiment more noticeably. [...]

The German DAX index received a major boost last week from the country's overwhelmingly positive manufacturing and services numbers for the previous month. Germany continues to grapple with the coronavirus pandemic because of persisting problems with its vaccination plans; however, the biggest economy in the Eurozone benefits from a global pickup in economic activity. [...]

The tech sector in the U.S. retreats while the dollar advances. The contributing factors are many, but several key developments warrant closer inspection. Firstly, global demand is currently falling, which is evident in the energy market and in the price of crude oil. Secondly, investors' sentiment was shaken recently owing to the vaccine-rollout tribulations and the adamantly dovish stance of the FED on [...]