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Ever used MT4? How long do you spend drawing in your technical analysis. If it's more than 5 mins... then you certainly spending too much time & over thinking.

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Editors’ Picks

EUR/USD hits lowest since November 2020

EUR/USD clocked a low of 1.1835 a few minutes before press time. That was the lowest level in four months. The 14-day Relative Strength Index (RSI) has dropped below 30, indicating oversold conditions for the first since February 2020. However, the indicator needs validation from the price chart, which is currently showing no signs of bear fatigue.


USD/JPY refreshes 9-month highs above 109.00 amid relentless USD surge

USD/JPY refreshes nine-month highs above 109.00, extending to the upside in tandem with the US dollar. The price is reaching higher highs and may have some way to go until bears will step in at overbought conditions according to RSI.


GBP/USD attempts a bounce around 1.3850 amid improving mood

GBP/USD trades close to 1.3850, staging an impressive bounce from 1.38 amid a rebound in the risk sentiment and a drop in the US Treasury yields. 50-day SMA offers immediate support, monthly top adds to the upside barriers.


Gold looks to regain $1,700 as US Treasury yields drop

Gold consolidates recent losses from nine-month low flashed the previous day. US stimulus may arrive on Wednesday, US 10-year Treasury yields snap four-day winning streak. Risks remain mildly bid, US dollar refreshes highest levels since Nov 2020.

Gold News

WTI: Immediate HMA confluence tests recovery moves around $65.50

WTI holds $65.00, currently up 0.80%, during early Tuesday. In doing so, the energy benchmark recovers from the intraday low while trying to trim Monday’s pullback moves from a multi-month high. Although RSI’s U-turn from the oversold area, coupled with upbeat fundamentals, favor WTI bulls, a confluence of 21 and 50-HMA around $65.50-55 probes immediate upside of the black gold.

Oil News