Intro The Dollar has finally broken below the support level of $101.2. This level has held since January of this year and is also the 50% Fib level if we measure the retracement from January 2021 to the high in September of last year. DXY appears very weak on the chart, and bears look to Read More…
Bullish momentum NQ has rallied 47% since the low made in October of last year, and the bullish momentum shows no signs of slowing down. I see no bearish case for Nasdaq at this point. Let’s take a look at the technicals and if we see NQ reaching all-time highs in the next few weeks Read More…
Weekly Chart The weekly chart shows a series of bullish candlestick formations. Long wicks to the downside show that there is a high demand for gold even when the sellers try to push the price down heavily. We can take note of this as a bullish signal. There has also been a slight decrease in Read More…
Introduction In today’s technical analysis, we will examine the recent trends and indicators surrounding Dow Jones Futures. By analyzing volume, price action, moving averages, and potential price targets, we can gain valuable insight into a potential long trade in YM. Volume Analysis: Observing the current price action, there is a slight decrease in volume. While Read More…
Technical analysis Parabolic curve: There is continued support at the parabolic curve on the CL daily chart. We are now moving into a phase where the curve is moving upward. We will need to wait and see if price is going to follow this pattern. Support zone: There is a support zone at $68 which was formed Read More…
Introduction There are a mixed bunch of factors playing into ZB’s price action, which we will look at below. Bulls and bears are fighting, and we can’t be sure which will come out on top. Let’s take a look at some of the technicals that might give us an idea of what looks to be Read More…
