Moving average convergence divergence (MACD) is one of the most versatile technical indicators – it’s both a trend and momentum indicator. The MACD indicator can best be described as a 2-in-1 indicator; it shows the start of a bullish or bearish trend using the MACD crossover and the strength or weakness of a trend with Read More…
Investors seek safety in the dollar as inflation and Chinese lockdowns fuel fears of recession. China’s zero COVID policy might lead to new restrictions and slowed growth. On Monday, the Australian dollar (6A) was pushed lower as the US dollar strengthened on positive inflation data. The dollar traded higher on Monday amid recession concerns as Read More…
Investors are waiting for clues on the ECB’s policy plans. 10-year Treasury yields crossed the 3% mark, pointing to an increase in interest rates. The index is caught in a sideways move on the 4-hour chart. Nasdaq 100 (NQ) futures pushed lower on Thursday before the ECB meeting, with investors nervously waiting for clues on Read More…
Technical indicators have always been faulted for lagging, making price action analysis invaluable to any trader. With hundreds of chart patterns to choose from, it may not be easy to decide which one is more reliable and suited to your trading style. However, it’s a general consensus that the ideal ones should generally be easy Read More…
The Federal Reserve says it will remain flexible on rate hikes. New unemployment benefit claims fell more than investors expected on Thursday, contributing to the move in the index. Bulls are pushing the index back above 4000 on the charts. The E-mini S&P 500 (ES) futures price closed Thursday’s trading session higher on a bullish Read More…
The US is expected to use export restrictions to ease domestic fuel prices. Last week’s crude oil inventories are expected to drop. India’s oil minister says $110 a barrel is unsustainable. There have been minimal movement for crude oil futures (CL) prices in the past two days as investors are waiting for crude oil inventory Read More…
