Technical Analysis

Dollar falling again? Technical outlook

Weekly Chart The U.S. Dollar shows a symmetrical triangle pattern, which is typically indicative of a continuation or a reversal pattern depending on the breakout direction. Price is sitting at the top end of the triangle and is also in a multi-year support/resistance zone. Key Levels to Watch on the Weekly: Daily Chart On the Read More…

Fundamental Analysis

Equities Dip as Investors Await Key US Economic Data

Equities closed slightly lower on Monday as markets awaited more economic data from the US for insights on the Fed’s policy outlook. At the same time, there was a bit of caution, as US government agencies could be shut down by Friday. Recently, Nvidia gave a strong forecast that led to a rally in equity Read More…

Fundamental Analysis

Currency Futures Rise as Dollar Rally Takes a Breather

Currency futures strengthened on Friday as the dollar paused its recent rally, ending the week lower. The dollar has been climbing for two months as markets scale back expectations of Fed rate cuts. Initially, investors had expected the first rate cut to occur in March this year. However, US economic data has consistently come in Read More…

Crude Oil Futures
Technical Analysis

Light Crude Oil Futures: Technical Outlook

Weekly Chart AnalysisThe Light Crude Oil Futures on the weekly chart have a clear consolidation pattern within a defined support zone. Volume Profile Visible Range (VPVR) indicates substantial trading activity at these levels. The Relative Vigor Index (RVI) is setting a steady momentum, with the RVI line slightly above its moving average, indicating a slight Read More…

Strategies

Andrews Pitchfork Trading Strategies

Andrews Pitchfork Andrews Pitchfork is a technical analysis indicator developed by Dr. Alan Andrews in the 1960s. It has become a widely used tool among traders and technical analysts. The indicator consists of three parallel trendlines drawn on a price chart. The middle trendline connects two extreme points, usually a peak and a trough. The Read More…

Interest Futures
Fundamental Analysis

Interest Futures Decline as Upbeat Data Dims Rate Cut Bets

Interest futures fell on Thursday as more positive US economic data pushed back expectations for Fed rate cuts. However, investors became risk averse as geopolitical tensions escalated, putting a floor on further declines.  US jobless claims (Source: Labor Department) Data released on Thursday revealed an unexpected decline in US initial jobless claims last week, showing Read More…