In technical analysis, double top and bottom are chart patterns that predict market trends. Hence, it is not uncommon to find double tops and bottoms on the charts of financial instruments. Double tops signify the end of a bullish trend, whereas double bottoms indicate a possible bearish trend reversal. Chart patterns such as double tops Read More…
In response to a stronger US dollar, the Canadian $ (6C) fell from 0.7985 to 0.7930. A less aggressive than expected meeting by the ECB prevented higher oil prices from helping the CAD. Hawkish BoC could not help the bulls as the US dollar remains broadly stronger against its rivals. After rising to fresh weekly Read More…
This guide will talk about the Fibonacci Moving Averages with the RSI indicator on the Light Crude Oil Futures. We all know that market phases are cyclical. They increase, peak, drop, and fall to their lowest point. The end of one market cycle signals the start of the next. So, to make better use of Read More…
The futures market offers opportunities either through trading or analysis. We can find interesting insights from the futures markets which help us understand market sentiment. The COT Report This article will discuss a report referred to as the Commitment of Traders, a weekly market sentiment publication by the Commodity Futures Trading Commission. Market sentiment is Read More…
If you are new to the trading world, then it is important to note that you need a lot of patience, resilience, and hard work. The financial market offers so many opportunities for you to grasp and increase your gains. However, finding the correct one might take some time. This is why we have written Read More…
Futures trading is a dynamic market that presents unique opportunities and exciting challenges. Entering the market can prove to be quite a lucrative decision, but you need to understand that it’s a high risk, high reward setup. You cannot merely get into futures trading and close deals based on your hunch – it’s a recipe Read More…
