It is difficult to be bullish on the EURUSD here, and I am not even pretending to be. The pair started the month of December with a massive short squeeze, trading well above the 1.21 with one day ahead of the November NFP in the United States and one week […]
Dow Jones forms a triangular pattern since November 9th. The euphoria generated by the first announcement of a vaccine against the coronavirus met strong resistance at the 30,000 level. From that moment on, the index did not manage to break higher nor lower. In fact, it formed a triangle that […]
The GBPUSD pair continues to react to Brexit related headlines. It did so again today and managed to put a double top as well at the 1.34440 area. Right at the start of London’s trading, the EU negotiator, Michel Barnier, hinted that the three main Brexit issues are still unresolved […]
Gold price bounced strongly from the lows, in line with the recent developments in the US dollar trend. As the greenback makes new lows against major rivals, gold diverged so far – not anymore. As the chart below shows, December started with a “bang” for gold. It formed a small […]
The GBPUSD pair traded above 1.34 again today on renewed USD weakness rather than GBP strength. This is the third time in a row when cable tries at the level, raising the question if we have a triple top in place? Before trading on the short side, we need to […]
Dax index continues its tight consolidation as we have started the last trading month of the year. Yesterday it corrected following on the Dow Jones path but bounced back at the highs on positive U.S. futures. Dax follows the global equity markets closely. A look at the chart below, and […]
