Bullish momentum NQ has rallied 47% since the low made in October of last year, and the bullish momentum shows no signs of slowing down. I see no bearish case for Nasdaq at this point. Let’s take a look at the technicals and if we see NQ reaching all-time highs in the next few weeks Read More…
Weekly Chart The weekly chart shows a series of bullish candlestick formations. Long wicks to the downside show that there is a high demand for gold even when the sellers try to push the price down heavily. We can take note of this as a bullish signal. There has also been a slight decrease in Read More…
Introduction In today’s technical analysis, we will examine the recent trends and indicators surrounding Dow Jones Futures. By analyzing volume, price action, moving averages, and potential price targets, we can gain valuable insight into a potential long trade in YM. Volume Analysis: Observing the current price action, there is a slight decrease in volume. While Read More…
Technical analysis Parabolic curve: There is continued support at the parabolic curve on the CL daily chart. We are now moving into a phase where the curve is moving upward. We will need to wait and see if price is going to follow this pattern. Support zone: There is a support zone at $68 which was formed Read More…
Introduction There are a mixed bunch of factors playing into ZB’s price action, which we will look at below. Bulls and bears are fighting, and we can’t be sure which will come out on top. Let’s take a look at some of the technicals that might give us an idea of what looks to be Read More…
Technical recap It has now been almost two months since ES broke out of its inverted head and shoulders pattern on the daily chart. Price has surged 8% since then and continues to rise. Volume has decreased and is something bulls should take note of, but there is little to no case for bears. Let’s Read More…
Introduction NQ has been surging for the majority of this year, now up 47% from the lows back in November 2022. Nasdaq is only 7% away from testing all-time highs, so the bull market is in full swing, no matter what the mainstream would like to call it. Technical analysis 100 & 50 MA: The 50 Read More…
Techncial recap Take a moment to review the analysis from June 12th here. The gap we analyzed has been filled perfectly, and an immediate bullish reversal followed. Now, bulls are pushing price up above the horizontal resistance line and attempting to break above the ascending triangle once more. Technical analysis Moving Averages: The 50 MA is sitting Read More…
Technical analysis MACD Divergence: This is the main focal point for our Gold analysis this week. It shows strong bullish divergence on the daily time frame. This is a signal that short trades are likely better to be ignored for now. It is not a direct signal to take longs though, we may see price Read More…
Recap On June 15th, we set our target for the Euro for a price of $1,104. This target was hit last Thursday as 6E rallied 3.6% from its recent low. The question is whether we see a higher chance this resistance zone will be broken to the upside or if the bears will push 6E Read More…
