Technical analysis The Euro has surged through a resistance level formed on February 2nd. The level is 1.106 and should now act as a support moving forward. The Dollar continues to fall and is causing other currencies as well as equities to rally. Take a look at the chart below for recent price action. Trade Read More…
Technical analysis Nasdaq futures have been showing a strong bullish momentum, as the price action continues to make higher highs and higher lows. Currently trading at $13,000, the next significant resistance level is at $13,700, which was a major resistance level in 2022. The Relative Strength Index (RSI) is also supporting the bullish momentum, as Read More…
Gold rallies Gold continues to surge, with all-time highs only $50 away. GC is up 11% this year as the Dollar continues to weaken and investors look for safe havens. Technical analysis points toward continued bullish momentum with little hope for bears at the moment. This is what the chart says: There is a fair Read More…
Technical analysis Crude oil futures have been trading at $80 and have been struggling to break out of a resistance zone. This resistance zone has been a major hurdle for the bulls as they attempt to push the price higher. If the price does begin falling below $78, then the bears will likely target the Read More…
Trade update Last week Monday, we did technical analysis on YM and saw the potential for a long opportunity. The trade so far has worked out, yielding 1,400 points. I want to take the time in this article to explain why it is important to stay neutral in your emotions by remaining in a calm Read More…
Recap Last week we looked at the great example of the 1-2-3 reversal playing out on the CL daily chart. Opec announced an output cut shortly after the analysis, which assisted the price action of CL to further confirm the pattern. Where to from here? CL is in a bullish trend at the moment, but Read More…
