Technical Analysis

Bulls hit first Dollar target, what now?

Weekly Chart Starting with the weekly chart, the Dollar has shown significant strength. Bulls have clearly taken control as indicated by the 4 weekly green closes in a row. We have successfully reached our first bullish target at 103.821, from our analysis last week. The current movement suggests that we could see further upside momentum, Read More…

European-Stocks-Catch-the-Bullish-Message-from-Euros-Momentum
Technical Analysis

Euro Bears Start Taking Control (6E): Technical Outlook

Weekly Chart Analysis for EURO FX Futures:The weekly chart shows price oscillating between a tight range of support and resistance. The Moving Average Convergence Divergence (MACD) is flat and close to the zero line, indicating a lack of strong momentum in either direction. The support zone around 1.05900 is critical, and a break below would Read More…

Nasdaq 100 index futures (NQ)
Technical Analysis

NASDAQ Futures (NQ) firmly bullish

Weekly Chart Analysis for NASDAQ 100 E-mini Futures:The weekly chart shows price in a clear ascending channel pattern, with NQ positioned in the upper half of the channel. The Relative Strength Index (RSI) is sitting in overbought territory, however. The all-time high (ATH) stands as the ultimate resistance level, which price has closed above in Read More…

futures trading strategies for beginners
Technical Analysis

Greyscale dumps Bitcoin; what now?

Weekly Chart Analysis: Price has formed a large rounding bottom pattern and parabolic curve, typically considered a bullish reversal signal. The price was approaching the all-time high (ATH) resistance zone, near $69,435, before swiftly pulling back after greyscale started dumping on the market. We should monitor this level closely; a decisive weekly close above the Read More…

Crude Oil Futures
Technical Analysis

Crude Oil Futures (CL) quickly turning bullish

Weekly Chart Analysis: Looking at the weekly chart, we observe that Light Crude Oil Futures have recently bounced off a consolidation zone around the $74.88 level, indicating a potential bullish breakout. Last week’s candlestick closed above this zone, and this week’s candle is turning green already. A sustained hold above $74.00 could see us targeting Read More…