The Dollar is weakening, and we are seeing a resurgence in currencies like the Yen. In this week’s technical analysis, we look at the weekly and daily time frames, indicators, and levels to watch. Weekly Chart: Daily Chart: Trade Ideas: Key Levels to Watch:
Technical analysis patterns, including the double top and double bottom, provide savvy traders with a window into the psychology behind price movements. Skillfully leveraging these patterns could reap significant rewards. This guide will explore how to identify and utilize double tops and bottoms to improve your knowledge on chart patterns. The basics of the double Read More…
As we step into the first quarter of 2024, Bitcoin will be on the forefront of investing news as we await the bitcoin ETF. The price for BTC futures has seen a significant 162% YTD return. With the halving coming shortly, what do we expect for BTC? Here’s a technical breakdown of the current market Read More…
As the Dollar continues to fall, eyes are on the Euro and how it will weigh up against the rest of the world currencies. In this week’s technical analysis, we take a look at the monthly, weekly, and daily charts. We also look for trade ideas and ways to play the market. Monthly Chart The Read More…
Overview The charts below give us monthly, weekly, and daily S&P 500 E-mini Futures (ES) technicals. We will analyze the key levels, trends, and indicators to establish potential trade setups. Monthly Timeframe Analysis The monthly chart reveals a long-term uptrend, with the price consistently forming higher highs and higher lows—a bullish signal. The recent high Read More…
Gold prices rose on Thursday as US economic data heightened expectations of a Federal Reserve interest rate cut in March next year. Data revealed a 4.9% annualized growth in US gross domestic product for the last quarter, a revision from the initially reported 5.2%. Moreover, there was a slight increase in weekly jobless claims. Spot Read More…
On Wednesday, oil prices settled slightly higher amid concerns over global trade disruption. There were attacks on ships in the Red Sea by Yemen’s Iran-aligned Houthi forces. Meanwhile, a surprise US crude inventory build, larger-than-expected fuel stock gains, and record domestic oil production limited price gains. The US Energy Information Administration reported increases in US Read More…
Introduction The E-Mini Russell 2000 Index Futures are approaching an all-time high (ATH). The technical analysis of both weekly and daily charts are catching up to the bigger indices that have already broken their previous highs. Weekly Chart Analysis On the weekly chart, we see that the RTY futures are within a symmetrical triangle pattern, Read More…
On Tuesday, US equities continued their rally, propelled by the Federal Reserve’s recent dovish policy shift. All three major US stock indexes gained, pushing the S&P 500 close to its January 2022 all-time closing high. If the S&P 500 goes above this level, it would confirm a bull market since its low hit in October Read More…
Introduction Gold Futures have shown remarkable resilience, breaking through a triple-top pattern and scaling above the previous all-time high in recent weeks. The only hurdle facing the bulls is the weekly bearish close from two weeks prior when price broke above the high, as we analyzed here. Weekly Chart Analysis The weekly chart illustrates a Read More…
