Technical analysis MACD: The MACD is in the red on the daily chart showing some divergence. The buying pressure is weakening and is being translated for us easily in the MACD histogram. Price: The Euro has begun to for a rolling over pattern as it struggles to break above 1.106. We can see from the chart that Read More…
Technical analysis CL remains within the range we have been monitoring in almost every article this year made on crude futures. This range refuses to be broken in either direction. We can keep the technical analysis very simple with this trade as a huge spinning top has formed at the bottom of a 3-week sell-off. Read More…
Technical recap Gold has been in an uptrend for 2023 and is up nearly 30% since the November 2022 low. There is something that has put some fear into bulls for the time being, though, and it is a big inverted hammer on the daily chart. Inverted hammer This particular candlestick is extra powerful because Read More…
Introduction ZB futures have been in a steady downtrend since 2020 as investors buy more and more bonds. The sentiment remains that more buying will continue meaning we can expect yields to continue to drop, and that provides us with some useful opportunities we can take advantage of. Technical analysis There is a resistance zone Read More…
The gap The gap at 0.0073 has now been filled in the Yen futures contract. We have been waiting for this to happen for over 3 weeks now, but the time has arrived. The chart is still bearish, but the bulls may begin to accumulate any day now with the expectation of a rally just Read More…
Recap The last time we looked at RTY was back on March 28th. There was a support band that formed at the $1,738 level, which is close to the 78% Fib level too. Price did rally out of the support zone by 200 points and has now retraced back into it. Let’s take a look at Read More…
