Gold has been oscillating for the past day in January end high at 1315.00 region but failed to break through either side and is been expected for a short term swing trade.Bulls take control if the channel is broken on the north side and vice versa.

After the lower low formation in the last week, EUR is expeced for a pullback . Breaking the trendline in the 1hr chart, sellers have a great start for the week after the trendline retest at 1.14540 and expected to reach its target till 1.14200. On the other side it…

AUD/USD The downside prevails Short positions below 0.7265 with targets at 0.7205 & 0.7180 in extension.A break below 0.7205 would trigger a drop towards 0.7180. Alternative it goes Above 0.7265 look for further upside with 0.7295 & 0.7325 as targets.

S&P 500 rose 0.86%, or 23.05 points, as of market close. The index advanced about 7.9% for the month, hitting the best January since 1987, when the index posted a monthly advance of around 13%. Ryan Detrick, senior market strategist for LPL Financial said, After the worst December for stocks…

US Non-farm Payroll Employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent, as the U.S. Bureau of Labor Statistics reported today. The unemployment rate didn’t rise as much as expected. In the month of January, average hourly earnings for employees on private nonfarm payrolls…

The US Labor Department will release its Employment Situation Report(January) commonly known as non-farm payrolls, today at 13:30 GMT. The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business.Non-farm payrolls are expected to rise by…

Bears trying to be in favor after the trendline break, where additional sellers pile up after breaking a pressure zone. Expected to fall below 142.00 regions sellers are waiting for the trendline retest to enter into the market with minimum risk management.

The USD/CAD pair is currently cruising at daily channel lows, around the 1.3100-1.3150 region, with bears expecting a sustained breakthrough. On the other hand, the Bulls are trying to dominate their trend with good risk-reward management. A dovish Fed reinforced by the ongoing slide in the US Treasury bond yields,…

Cruising on the downside of the ascending channel, Bulls have great risk-reward management to conquer the next bull trend in the channel which is been unbroken since July 2017. Although there are fake breakouts in the past for the Bears, you can hope for the drop below 1.29500 once the…

USD/JPY is finding support near the 109.25 levels, which is right around the ascending channel support. If tomorrow’s events lead to a dollar rally, then aiming for at least the top weekly ATR near the 110.00 levels. however we wait for the pair to break below the channel on the…