Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Biggest Earnings This Week
Biggest Earnings This Week

From last week's Twitter call, “Twitter showing some promising pattern here, with a possible inverted head and shoulders formation on the daily chart, while the neckline is now trading around 70.50 which might get tested in today’s session.

Crude Oil: Re-Short?
Crude Oil: Re-Short?

After closing our short positions on Brent Crude which fell from around 76.60’s all the way down to 67.50.

New Trend in Tech Stocks?
New Trend in Tech Stocks?

When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.

EUR/USD Holding After ECB Decision
EUR/USD Holding After ECB Decision

EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.

USD/CAD Reversal Pattern
USD/CAD Reversal Pattern

After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.

S&P500 Holding its 50-day MA
S&P500 Holding its 50-day MA

US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.

Gold Near Another Buying Zone
Gold Near Another Buying Zone

Gold declined back for the past few days after reaching ~$1830/Oz last week, while our medium-term positions remain in profit since our signal to buy at $1770 and $1780 two weeks ago.

British Pound gets pressured by COVID-19
British Pound gets pressured by COVID-19

What is happening? The British pound lost his positions comparing to the US dollar, Euro, and other haven assets at the beginning of this week, because of the global markets sale…

S&P500 is Testing 50-day MA
S&P500 is Testing 50-day MA

Global equities took a notable hit on Monday due to the new fears regarding the Covid19 delta variant, which is spreading around the world once again.

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