by willy | May 8, 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 to extend its losses toward the support level at 0.8855. Resistance level: 0.8925,...
by willy | May 8, 2023 | Crudeoil
CrudeOIL, H4: Crude oil price was traded lower following the prior retracement from the higher level. However, MACD which illustrated bullish momentum suggests the commodity to trade higher as a technical correction in the short term. Resistance level: 73.20,...
by willy | May 8, 2023 | GOLD
GOLD_, H4: Gold price was traded higher following the prior rebound from the support level at 2009.10. However, MACD which illustrated bearish momentum suggests the commodity to trade lower as a technical correction. Resistance level: 2030.10, 2049.32 Support...
by willy | May 8, 2023 | Daily Analysis
8 May 2023 Afternoon Session Analysis The Loonie extended gains after strong labor market conditions. The Canadian dollar, commonly known as the Loonie, strengthened against the greenback after delivering upbeat job data last Friday....
by willy | May 8, 2023 | Dollar_indx
DOLLAR_INDX, Daily: Dollar index was traded lower while currently testing the support level at 100.65. MACD which illustrated diminishing bullish momentum suggests the index to extend its losses after it successfully breakout below the support level. Resistance...
