Blackwell Global

Key Points: Price action trending in a consolidative manner. RSI Oscillator nears overbought levels. Plenty of volatility looming with key risks events in the week ahead. The Euro had a relatively...

Key Points: Bearish week looking likely ahead. ABC wave seems to be intact. Busy news week should see volatility spike. It’s a busy week ahead for the Kiwi Dollar which means it’s worth...

Key Points: Silver reaches key support zone. RSI Oscillator nearing over sold territory. Watch for a move towards the $18.62 upside target in the week ahead. Silver has demonstrated a relatively poor...

Key Points: Consolidation phase should lead to a reversal shortly. Losses could extend to the 1.2465 mark. Keep an eye on the fundamentals for any upsets. The GBP/CHF has been experiencing some strong...

Key Points: Buying pressure should be returning this week. Multiple technical reading suggestive of a reversal. Fundamentals likely to cap upsides around the 51.55 handle. Following a much larger than...

Key Points: Technical bias signals a reversal could be on the cards. BoJ announcements are the key risk event to keep in mind. An upwards revision of GDP forecasts could spark a slip. In light of the...

Key Points: Price action constrained within a tightening wedge formation. RSI Oscillator nearing oversold levels. Watch for a move back above 0.7600 before a recommencement of the down trend. The...

Key Points: Price action stalls at 1.28 handle. RSI Oscillator strongly overbought. 1.2754 support zone will need to hold if pair has chance of resuming rally. The cable had a tumultuous week last...

Key Points: The technical bias is looking near-term bullish. Trade data should see gains extend in the week to come. 100 day EMA likely to keep upsides somewhat in check. The Kiwi Dollar had an...

Key Points: Price action fails to breach $50.00 handle and short move is stalled. 100 day MA and key support zone is limiting downside moves. Watch for a bounce towards the $51.90 target in the coming...

Key Points: Despite recent bullishness, the decline should resume shortly. Losses could extend to around the 0.9817 mark. Fundamentals also remain in favour of further losses. The swissie’s...

Key Points: The double top remains intact despite the recent hiccup. Neckline is currently being challenged. Fundamental and technical biases are in agreement. The Aussie Dollar’s long-term...

Key Points: AUD/JPY demonstrating confluence. RSI Oscillator within oversold territory. Watch for a move higher to complete the D leg around the 84.83 mark. The AUD/JPY currency pair has convincingly...

Key Points: Narrowing wedge likely coming to an end. Technical bias shifting towards bullish in the near-term. Resulting rally could extend to around the 1.0725 level. The EUR/CHF could be destined...

Key Points: Crude Oil fails to break through recent high. RSI Oscillator retreating from overbought levels. Downside targets likely to fall around the 10EMA at $52.10 and 50EMA at $51.20. Crude Oil...

Key Points: Near-term bias remains bearish but a reversal should be on the way. Gartley pattern and falling wedge are the two key structures in play. Currently waiting for the 61.8% Fibonacci level to...