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Market Recap – Revised Oil outlook

Yesterday’s OPEC monthly report on oil had a downward revision of the global oil demand growth that has been recorded in 2019 (-0.02mb/d), and a huge downward revision of the 2020 outlook (-0.23mb/d). The US Crude oil inventory change jumped by 7.5M w/w. Even though it has gave up almost half of its gains, the […]

CHFJPY Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) and […]

A potential ABC pattern for LTCUSD?

Litecoin performed an amazing surge to the upside within few days. It is currently consolidating near $285 area. This pullback can be an ABC corrective pattern as noted on the chart. If this is valid, then the measured target is at $246, near to the 38.2% Fibonacci retracement level. This is where traders may have […]