by Willard Kachere | Nov 27, 2020 | News & Analysis
Key Points Slight indecision close to the support regionBearish momentum gaining traction as prices are below the 60 MALong term trend still inclined to the upside Prices turned southwards after failing to re-enter the monthly ascending channel during a bullish...
by Mthokozisi Mpofu | Nov 25, 2020 | News & Analysis
Source; QEFxMoney The chart below shows EURJPY has been in a complex correction since the 1st of October 2020. The correction is marked as a wxy pattern.Since we completed the move lower in (y) at 121.622, we have moved higher in an impulsive manner back above the (x)...
by Willard Kachere | Nov 25, 2020 | News & Analysis
Key Points Gold breaks below monthly support at $1850.Bears heading for the $1760 support thresholdBulls will struggle to reclaim the ascending channel. Gold Spot is fighting for dear life near the critical $1800 region after tumbling below the strong support at $1849...
by Willard Kachere | Nov 24, 2020 | News & Analysis
Key Points 1.3400 and 1.3500 resistance regionAscending supportPrice above the 200 Moving Average This is the fourth time the Pound has come so high to touch this key zone. The 1.3400 and 1.3500 resistance region proved too strong for the bulls back in August. The...
by Willard Kachere | Nov 23, 2020 | News & Analysis
Key points Monthly ascending channelAugust Peak at $43,714 week trading cycleBullish trend with huge swings Prices are trading above the linear regression line in a sign of impressive bullish momentum. For a greater part of the last three months, prices have been...
by Willard Kachere | Nov 20, 2020 | News & Analysis
Key Points $958.08 resistance regionMajor trend is bullishApproximately 2-month cycle Source; QEFxMoney Prices have managed to enter into a monthly ascending channel. It has been nearly 2 months when prices slipped out of the channel to retest a support at $858....
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