CADJPY Pulls Below 2-Month High Ahead of BoC Rate Decision

GBPJPY remains in strong upside tendency in long-term RSI flirts with uptrend line above 70 Stochastic looks overstretched GBPJPY is declining somewhat after rallying to a fresh 16-year high of 206.15 earlier in the week. The pair posted 13 straight days of gains before falling near the 261.8% Fibonacci extension level of the down leg […]

Silver reversed from support level 29.70 Likely to rise to resistance level 32.00 Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3). The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the […]

Markets Fed Chair Powell signaled last week that the Fed wants additional confirmation that the economy is on a path that should bring inflation back to 2% in a sustainable way, even as inflation developed favorably over the past six months. The labour market in this respect is an important variable. Since the December meeting, […]