Gold has reached the target of 1500 after making a brief retracement on the week ended on 22nd Apr. The question on everyone mind is how far would it go? What is the potential profit taking level? From technical point of view, If we were to look
Read more →From the monthly chart, we can see that USDSGD has been on a 2 years downtrend. In fact, price moved below the last major support for the USD at 1.3450. From that point onwards, USDSGD is in uncharted territories. That means that we no longer have precedents
Read more →In our previous analysis “Evening Star dawns on NZDUSD”, we highlighted the formation of a Head and Shoulders (H&S) pattern on the pair’s H4 chart. Last week, the pair broke below the H&S neckline but found support at 0.7400 region. After Kiwi interest rate announcement, the pair
Read more →The fundamental arguments are compelling. The technical picture irresistable. Bulls have their say. Bears polish their claws. One thing the candlesticks tell us: both sides are willing to stay on the sidelines until a clearer picture emerge.
Read more →
