WCU: Commodity rally finds a fresh gear

The commodity sector rose for a second week, and following a three month period of consolidation, the Bloomberg Spot index headed for a fresh ten-year closing high. The strength which has been supported by a weaker dollar, renewed mobility in China following lockdowns and continued focus on green transformation demand...

NZDJPY is facing Bearish Pressure | 3 Sept

NZDJPY is showing potential bearish momentum. With techincal indicators showing signs of an overbought situation, an entrance at 78.334 forecasted a drop to towards out take profit level at 76.609 at 61.8% Fibonacci retracement . Alternatively, our stop loss is placed at a resistance level of 78.846 Any opinions, news,...

USDCAD Faciing bearish pressure | 3 Sept 2021

USDCAD holding below short term descending trendline resistance. With techincal indicators showing room for further bearish momentum, a further drop below our entry at 1.25809 towards fibonacci confluence zone at our take profit level of 1.24900 could be possible. Any opinions, news, research, analyses, prices, other information, or links to...

GBPNZD reacting below pivot, potential for further downside

Price is reacting below our pivot level at 1.95330 which is in line with 127.2% Fibonacci retracement level. Price could potentially drop to support at 1.93660 which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level. MACD is indicating bearish momentum for further downside. Alternatively, price could potentially...