A double bottom on the daily chart is driving bullish sentiment. Different entries and targets we can aim for and why shorts trades should be ignored for now. How can we use a simple stochastic entry method in a shorter time frame. Technical Analysis Double Bottom: NQ made a bottom back in October of last year, Read More…
Gold prices maintain a broadly bearish bias on Friday. Investors are uneasy over lingering worries about the US economy. More Americans filed new unemployment benefit claims last week. Gold prices rose sharply from the daily lows of $1,852, hitting the daily highs of around $1,875 during the early hours of trading on Friday. However, Read More…
Pullback gives rise to possible long trades. Fibonacci analysis, candlestick analysis, and two possible outcomes. A true story about a currency trader from Dubai. Technicals We have finally seen a decent sized pullback on the Euro futures as price has moved into a minor support zone. I called for such a move a few weeks Read More…
There are worries about slowing American demand in the wake of record-high crude stocks. So far this week, oil has increased by more than 6%. US crude oil stocks went up last week to their highest level since June 2021. On Thursday, oil prices found it difficult to gain traction as hopes for improving Chinese Read More…
The trend is now bullish on RTY due to the higher high made on the daily chart. Looking at the hourly time frame for possible entries. A very inspirational mini-movie about a Japanese day trading legend. Analysis In our technical report two weeks ago, we looked at two potential trades, a long and a short one. Read More…
Less aggressive than anticipated remarks from Fed Chair Powell that boosted sentiment. Powell stated that Friday’s surprise jobs report could mean more time in the fight against inflation. Markets are now pricing in a terminal Fed rate above 5% in June. Equities rose in late New York session on Tuesday while the dollar fell following Read More…
