Weekly Chart On the weekly chart, bond buying is evident as the yields have continued to decrease since 2020. The RSI has moved above the neutral zone and is sitting at 53.19. The weekly does not give much clues about where we could see it moving in the near term and is neutral. Daily Chart Read More…
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…
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 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…
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 (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…