Forecasts & Analysis |

Bitcoin (BTC/USD) has not been able to break the previous top for almost 5 weeks now. A bearish retracement is starting to get the upper hand.

GBP/USD continues to lose ground and is trying to settle below 1.2700.

Chinese index A50 is strongly bearish. We could see multiple rejections after some pullbacks and the price is at the important support.If we see a pullback towards POC1 or POC2 , new wave of sellers will probably start a fresh wave of selling. The first POC 15170-15215 has a confluence

It’s a bullish start to the day. The majors will need to move through the day’s pivot levels to avoid a reversal, however.

The majors recover from an early dip but will need to break out from the pivot levels to support another day in the green…

Natural gas demand declined

Gold prices broke down as the dollar continued to trade higher despite subdued US yields. Stronger than expected US mortgage applications buoy the greenback which paved the way for lower gold prices. The dollar continued to benefit from a safe-haven bid, which has not been the case for gold prices.Trade

Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.

USD/CAD settled above the resistance at 1.3330 and moves towards the next resistance at 1.3400.

The S&P 500 initially tried to rally during the trading session but struggled at the 50 day EMA to turn around and sell off again.