Weekly The weekly chart of the Nikkei Futures has been in a strong uptrend, as indicated by the SuperTrend indicator, which has been green for an extended period. The Awesome Oscillator (AO) is positive too as the Japanese index surges to new highs. Key Levels to Watch on the Weekly: Daily On the daily chart, Read More…
Japan’s stock market has reached new heights not seen since the country’s asset bubble in the late 1980s. Back then, share prices soared to astronomical levels, fueling a national mood of affluence and speculation. 87-year-old investor Kazukuni Yamazaki recalls the spectacle of daily stock fluctuations drawing crowds of eager onlookers, including young office workers. Luxury Read More…
Gold prices have demonstrated remarkable resilience in recent weeks, rebounding from dips and maintaining an upward trajectory overall. This precious metal’s recovery is attributed primarily to the weakening of the US dollar and lower Treasury bond yields, both of which enhance gold’s appeal as an investment hedge. Technical analysts have identified key support levels around Read More…
Weekly Chart The weekly time frame shows that price is approaching the previous all-time high, a big milestone for Bitty. The swing high extensions (Swing:SH Ext at 32165) serve as a reference point for potential resistance on further moves up. This swing indicator will likely print a higher low soon around $40,000. Key Levels to Read More…
Weekly Chart The weekly chart has formed spinning tops near the recent all-time high. This tells us that there is indecision in the market. The RSI is currently overbought at 71.31. before the formation of the spinning tops there was only 1 red week out of 14. This amount of bullish price action cannot last Read More…
Weekly On the weekly chart, there is a hanging man candlestick, which may lead to a reversal or a significant pause in the uptrend. Given the strong uptrend with 14 green candles in the past 16 weeks, we would need further confirmation before considering this a top. Volume has been relatively steady, without any significant Read More…
What Is Trend Trading? Trend trading is one of the most popular strategies in financial markets, appealing to both novice and seasoned traders alike. At its core, it simply involves identifying and following the direction of market movements, which is why it is important to understand how to read trends correctly and if there is Read More…
Light Crude Oil Futures (Weekly Chart): Light Crude Oil Futures (Daily): Key Levels and Analysis: Trade Considerations: Market Sentiment:
Weekly Chart The weekly chart shows a strong uptrend with the Relative Strength Index (RSI) reading above 60, this is still strong bullish momentum. The volume on the weekly has been consistent as the trend continues to make higher highs. For traders looking to join the uptrend, a pullback toward the RSI-based Moving Average (MA) Read More…
Weekly Chart Analysis of Gold Futures The weekly clearly shows the market is consolidating. The Fibonacci retracement levels from the recent swing high and low indicate that the price is hovering around the 100 level (previous all time high). Bulls still need to see a decisive break above this in order to continue with the Read More…
