Technical analysis The bulls are in control as the Dollar weakens. The Euro is strengthening, and it’s evident on the chart. Price has tested the zone within the gaussian channel and has bounced successfully out of it. This is a good sign for trend-following traders who wish to go long the Euro because the trend Read More…
NQ rallies, Dollar falls Nasdaq has rallied off the 0.236 Fib level at $11,967.50. There was a significant amount of support at this level even after we saw the Dow and Russell 2000 drop. ES and NQ have slightly decoupled from the other equity markets and are holding stronger for the time being. Outlook It Read More…
Gold soars 8% in 2 weeks Last week Tuesday marked the recent low for GC as it has rallied hard on the back of a weak Dollar. We saw price bounce out of a minor support zone and rally up toward the 0.786 Fib level at $1,980.3. The next target for Gold bulls is the Read More…
Recap Last week, we watched RTY plunge and set a bearish target of $1,738. As suspected, Russell futures continued to tank, and we have seen the target met. Bears appear to be in full control, but the question is whether we have bottomed out or we can expect the slide to continue. Looking at the Read More…
Recap We have been tracking the sideways range in CL for some time. There has finally been a bearish break below $71.72, which is the lower end of the range. CL is currently trading at $70 per barrel. The next few days will prove important because it will show us whether crude is going to continue lower Read More…
The Euro has rallied 2.7% in three days, a large amount for a currency. Reason being, the collapse of svb bank and the easing of US job numbers. This indicates it’s likely the FED will not raise interest rates in the next meeting. The Dollar collapsed alongside the equity markets as fear spread. Technicals The Read More…
Update on price action The small cap index has dropped 10% since the recent high in RTY, which was $2,015. The price has plunged dramatically and is currently in free fall. Let’s take a look at some technical levels we can watch out for going forward. The main bear target is at $1,738 which is Read More…
Trade Recap Last week Friday, we looked at a potential short trade in GC, and the position has worked out so far, with the first target being hit. The second target is still some way away, but let us look at some developments and see if there is anything we can do to adjust our Read More…
Gabriella is a momentum trader from Macedonia who completed the $50,000 Evaluation. She has been a trader at OneUp trader and a part of their funded trader program for 4 years. Her daily routine consists of checking the economic calendar, support and resistance levels, and possible break-out areas where price may move powerfully in a Read More…
Analyzing the trade from last week on YM and seeing if there are any adjustments we can make. Hourly chart entries for traders who still believe in the bullish move. Trader mindset announcement. The trade Last Monday, we looked at a long trade in YM. Let’s go over the updates and see if there are Read More…
