Moving averages (MAs) are among the most popular technical trading indicators. Their popularity majorly stems from their simplicity and versatility – they are easy to calculate and use; can be used to show both a price action’s trend and strength. Thanks to their popularity, several variations of the moving average exist. This guide will discuss Read More…
Long, medium, and short-term charts pointing to potential short Limited upside potential if the bear case does not play out Dynamic Money Flow Showing Weakness Medium-term picture Crude Oil futures (CL) has been in a beautiful downward trend since mid-June, giving multiple short entries for those patient enough to wait for retracements. We are approaching Read More…
NQ has been in the red four out of the last five days The hourly trend line has broken to the downside NQ is currently trading within a minor support zone at the 23% Fib level Medium Term Outlook The 4-hour chart on NQ has shown a strong uptrend channel since July of this year. Read More…
Euro continues to weaken against the US Dollar Gaussian Channel creating great short opportunities The Euro could reach parity against the dollar The Euro has weakened against the dollar since the beginning of 2021, with lower lows printed consecutively on the daily chart. Prices have retraced to the 50 Exponential Moving Average (EMA) countless times Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
