Introduction As the U.S. Dollar Index (DXY) rallies toward key resistance levels, traders and analysts are closely monitoring whether this move will mark a sustained bullish breakout or a temporary reprieve in the broader downtrend that has characterized much of 2024. The index, which measures the greenback against a basket of major currencies, has experienced Read More…
In today’s technical analysis, we’re looking at NASDAQ 100 E-mini Futures (NQ) with key levels, indicators, and the volume profile. NQ has been rallying like most indices now up over 37% for the past year. There has been a slight consolidation after the August pullback which is to be expected as traders who were long Read More…
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Introduction Price Action Overview (Past Four Weeks) Over the past few weeks, we see a strong uptrend with price action making higher highs and higher lows. This follows the standard theme this year for gold futures. The price is currently approaching the R1 pivot resistance level (2744.5), which could act as a short-term ceiling. This Read More…
Breakdown of the Setup: The price action shows a clear ascending triangle formation, with multiple tests of resistance at 5,725.75, creating a natural tension between buyers and sellers. The recent breakout above this level confirms the pattern’s completion, and we’re already seeing follow-through. The measured move from the breakout gives us an upside target near Read More…
Introduction Since the prior analysis conducted in mid-September, the bearish double-top formation has played out as predicted. Price Movement Since September 11 RSI (Relative Strength Index) Short-Term Outlook: Medium-Term Outlook: Final Call:
Bullish Structure Still Intact The price of Gold Futures (GC) has continued its strong uptrend, respecting the bullish structure from our previous analysis. The bull flag is still intact, and gold prices are on their way to hitting the bullish target of 2,842. From here we can assume that if the target is hit, it Read More…
Summary of Previous Analysis The original short trade idea was based on a failed breakout attempt above the $2,275 resistance, leading to a short entry around $2,233, with a stop loss at $2,320.5 and a target near the trendline at $2,135. The rationale for the trade was the concentration of volume in the $2,150-$2,275 range Read More…
Introduction In our earlier analysis, I mentioned key levels in CL crude futures, focusing on a support zone between $66-$71 and a potential breakout above $78.04. There was an expectation of a rally towards higher targets if the price successfully broke above the descending trendline and the 100-week EMA. With escalating geopolitical tensions involving Iran Read More…
Introduction The Dollar has been surging for the past few sessions, posting five straight green candles. Without looking at any fundamentals in today’s overview, lets dive straight into the technicals and see what we can find. Technical Analysis The Dollar is overextended in the short term with the RSI in overbought territory. Price has also Read More…
