Bulls are in full control as ES rallies on all time frames. Price hovers around the year-long trend line. Divergence spotted on the hourly chart. Last Weeks Analysis Spot On Last week we analyzed the potential for a bullish breakout of a small consolidating pattern and set targets at $4,000. ES ended up breaking out Read More…
The US dollar index sank 0.46% to a seven-month low against a basket of currencies. Investors speculate that the Fed may be nearing the conclusion of its rate-hike cycle. There’s anticipation that the BOJ will change its ultra-loose policy. The dollar dropped to a seven-month low against key peers on Monday, allowing most currency futures Read More…
Looking at the triangle pattern on the daily chart and potential targets. Heavy bearish divergence spotted on the hourly chart. Daily Outlook There is one main technical pattern we can look at on the daily chart for CL. That is the triangle pattern in which crude is trading at the top of its range which Read More…
Analyzing the CPI report and what effect its had on the Dollar. Questioning whether the sentiment is beginning to shift. A simple pullback strategy that is yielding great results in the Euro Futures contract. CPI Numbers In Line With Consensus In December, the annual increase of the consumer price index (CPI) in the United States Read More…
There are predictions that the US Federal Reserve will raise interest rates more slowly. Consumer prices in the United States declined in December. Initial claims for state unemployment benefits decreased by 1,000 last week. Gold prices were expected to increase for a fourth straight week, helped by a weaker dollar and predictions that the US Read More…
Bulls have taken control as RTY breaks through the year-long trend line. Analyzing the DMI indicator and how it can help our decision-making. Potential pullback entries that can be taken on the 4 hourly chart. Bulls Supreme RTY futures have soared out of the year-long downtrend line that has kept the bearish momentum in most Read More…
