USD/CAD is still bearish at the time of writing as the DXY (USDX) is still trapped below strong immediate upside obstacles. Still, the price action has signaled a potential short-term bullish reversal after reaching historical support. The pair has printed a major bullish engulfing in the short …
US 500 [SP500] At Support!
US 500 dropped aggressively in the short term, but the bias remains bullish as the index is traded above the major uptrend line. It has also reached static support, so a bullish pattern here could bring a new long opportunity. Technically, a temporary decline was somehow expected after reaching a …
Silver Swing Higher!
Silver rallied today and it looks strong enough to resume its rally. XAG/USD registered strong growth as the US Dollar Index started to decrease again. The risk-off sentiment continues to dominate the markets. Gold increased as well, so XAU/USD’s further growth should signal that the price of …
