Quick Recap Last week, we looked at Gold, and the bearish stance we took has proven to be correct, as the $1,831 target has been hit. Unfortunately, however, it was a difficult short trade to take because GC only painted red candles after the analysis, thus giving us no entry on a retracement. Moving forward, Read More…
Technical Analysis CL made a top last week of $95.03 and has retraced 7.4% since then. This is a welcome sight for traders who missed the move from $67.05 up to $95.03 as it gives possible entry opportunities, which we will look at now. Entry Opportunities An upward-sloping trend line connects the low made in Read More…
Introduction Prices of ZB (30-year US Treasury bond futures) go down when buying of bonds accelerates due to the inverse relationship between bond prices and yields. When demand for bonds increases, buyers compete to purchase available bonds, driving bond prices higher. However, as bond prices rise, the fixed coupon payments become less attractive relative to Read More…
Introduction Last Friday NQ closed the week’s session in the form of a spinning top. The price action is mixed, but there is a case that looks stronger for bulls than for bears from here. The reason is due to the large uptrend we have seen in equities this year, as well as the small Read More…
Price action trading is one of retail trader’s and investors’ most popular trading techniques. It involves analyzing an asset’s price movements on a chart to identify trade opportunities, without relying on technical indicators. Mastering price action can take time, but the basic principles are straightforward enough for beginners to understand. This guide will cover the Read More…
Recap Last week our main focus was on the small triangle formation on the Gold daily chart. Recently, price has broken out of the bottom of this triangle as the bears haven proven too strong. There are a few levels we can monitor at the moment and potential ways to trade this setup so lets Read More…
Bulls In Control Crude Oil continues to surge as small dips are eaten up quickly by powerful buying pressure. The question here is if there is any bearish case, really. It appears that there is none, which is important to note moving forward as CL targets the psychological $100 level. In our last technical analysis, Read More…
Bulls Are Ready The bulls are ready to pounce as NQ trades within the support zone at $14,800. This is the most significant zone on the chart at the moment, and a bounce from here could mark the opportunity to go long. In this week’s analysis of NQ, we are going to keep it short Read More…
Technical Analysis The last time we looked at the Russell, it was falling toward a support level. This pattern is a converging technical pattern that we could look at taking positions from as it is a large range. You can see in the chart below, the support line we are looking at. What we would Read More…
Introduction The Dollar has rallied 6% since July. This might not sound like a significant amount, but it is a significant move for a currency paired against a basket of other currencies. The DXY index topped out at 114.7 in September last year, then started falling and dropping to a low of 99.5 in July. Read More…
