Inflation report later today will likely dictate price action for the remainder of the week. Analyzing how the triangle pattern is providing three possible setups. The triangle pattern Last week we analyzed the triangle pattern that is forming on YM. Take a look at it here. The price is currently trading right at the top of Read More…
Investors increased their bets on the Fed maintaining its aggressive policy for longer. ECB’s Visco said on Saturday that the ECB must refrain from aggressive hikes. The British economy contracted in the last quarter of 2022. During an earlier London session trading on Monday, investors increased their bets on the Federal Reserve’s plan to maintain Read More…
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…
