by willy | May 11, 2023 | USD/CHF
USDCHF, H4: USDCHF was traded lower following the prior retracement from the resistance level at 0.8925. MACD which illustrated diminishing bullish momentum suggests the pair extended its losses toward the support level. Resistance level: 0.8925, 0.9005 Support...
by willy | May 11, 2023 | Crudeoil
CrudeOIL, H4: Crude oil price was traded higher while currently testing for the resistance level at 73.20. However, MACD which illustrated diminishing bullish momentum suggests the commodity undergoes technical correction in the short term. Resistance level:...
by willy | May 11, 2023 | GOLD
GOLD_, H4: Gold price was traded higher following the prior breakout above the previous resistance level at 2030.10. MACD which illustrated diminishing bearish momentum suggests the commodity extended its gains toward the resistance level. Resistance level:...
by willy | May 11, 2023 | Daily Analysis
11 May 2023 Afternoon Session Analysis The pound muted ahead of the BoE interest rate decision. The Pound Sterling, which was traded against the greenback, continued to be muted during Asian trading ahead of the Bank of England (BoE)...
by willy | May 11, 2023 | EUR/USD
EURUSD, Daily: EURUSD was traded lower following the prior breakout below the previous support level at 1.1010. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 1.0915. Resistance level: 1.1010,...
