USDCAD: ⬇️ Sell – USDCAD broke the support zone – Likely to fall to support level 1.3850 USDCAD currency pair recently broke the support zone between the support levels 1.4000 (low of the previous wave (A)) and 1.395 (former strong resistance.
Natural Gas: ⬆️ Buy – Natural Gas reversed from long-term support level 2.635 – Likely to rise to resistance level 2.800 Natural Gas earlier reversed from the major long-term support level 2.635 (which has been reversing the price from the start of.
Pfizer: ⬆️ Buy – Pfizer broke resistance level 25.50 – Likely to rise to resistance level 26.65 Pfizer recently broke the resistance area at the intersection of the resistance level 25.50 (which stopped previous correction A in July) and the 38.2% Fibonacci.
Gold: ⬆️ Buy – Gold broke resistance zone – Likely to rise to resistance level 4400.00 Gold recently reversed broke the resistance zone between the long-term resistance level 4210 (top of wave 1 from July) and the 61.8% Fibonacci correction.
August 7, 2026 Market Overview
Gold has emerged from its correction and is heading towards $4,500, but a fierce battle between bulls and bears is likely around the 50-week moving average and following the release of US CPI/PPI data.
August 7, 2026 Market Overview
Dollar gains as geopolitical risks lift oil and yields, while USDJPY rebounds and gold awaits the US jobs report.
August 7, 2026 Crypto Review
The crypto market is consolidating around the 50-day MA: BTC is range-bound between $62K and $66K, and a breakout above $66K could bring buyers back.
FTSE 100 Index: ⬇️ Sell – FTSE 100 reversed from long-term resistance level 10950.00 – Likely to fall to support level 10750.00 FTSE 100 Index recently reversed from the resistance zone between the long-term resistance level 10950.00 (which stopped the.
EURCAD: ⬇️ Sell – EURCAD reversed from resistance zone – Likely to fall to support level 1.6100 EURCAD currency pair recently reversed from the resistance zone between the long-term resistance level 1.6250 (which has been reversing the price from April).
Walt Disney Co: ⬆️ Buy – Walt Disney Co broke resistance zone – Likely to rise to resistance level 105.00 Walt Disney Co recently broke resistance zone located at the intersection of the resistance level 99.65 (which has been reversing.
TripAdvisor: ⬇️ Sell – TripAdvisor broke support zone – Likely to fall to support level 9.12 TripAdvisor recently broke support zone located at the intersection of the support level 12.00 and the 50% Fibonacci correction of the upward impulse from May. The.
Today is Thursday, August sixth, and we're talking about the silver market — where things are getting really interesting.
Today we'll be looking at the daily chart. As a reminder, back in 2026 we saw a major correction that essentially cut the price of silver in half.