KemTheary

KemTheary

GBPUSD - The GBPUSD has shown some resilience off of 1.2640 - 1.2570 support area this week, bouncing up from that area , we do not feel that today's pin bar is a sell signal; it's in 'traffic' and just formed after a bounce off support and just above support. We remain bullish !

KemTheary

price briefly fell lower but reversed losses into the close, forming a bullish reversal. Price is still contained under 0.7522 resistance and the high of yesterday's pin, so technically the sell signal is not invalidated. However, we have to be careful, because if price breaks up past 0.7522 we could easily see it push up to 0.7611 in the coming days.

KemTheary

price briefly fell lower but reversed losses into the close, forming a bullish reversal. Price is still contained under 0.7522 resistance and the high of yesterday's pin, so technically the sell signal is not invalidated. However, we have to be careful, because if price breaks up past 0.7522 we could easily see it push up to 0.7611 in the coming days.

KemTheary

Crude Oil moved higher last week but appears to be hesitating at current prices, just under 48.80 near-term resistance. There was a lot of selling preceding this recent upside reversal and plenty of resistance coming in overhead, so we wouldn’t be surprised to see price rotate lower in the coming days and weeks. We are looking for price action sell signals in the...

KemTheary

Gold held just above 1220.00 support last week after briefly dipping below it early on in the week. Given the recent bearish momentum in this market, the price could still continue to track lower this week, however, with major support levels approaching, we would ideally prefer to be buyers of this market. We remain bullish whilst price is above 1200.00 key...