RTY stats The Russell is up 10% YTD and up 21% since the recent low made in October of last year. For the daily chart, technicals overall are bullish and are calling for buys only. The chart appears overbought, however, and the long trade might be a bit exhausted at this point, so let’s take Read More…
Introduction As the Dollar’s slump continues, we have seen the majority of currencies rally. 6J is no exception and has rallied 4.3% in July. This has formed a symmetrical triangle pattern on the daily chart, which we can monitor for the next few weeks and months. There are also other technical patterns we can look Read More…
Recap It has been two months since we did the analysis on ES breaking out of the neckline. Since then, ES has rallied 10%, and that trade has been in profit ever since. Let’s take a look at where we see ES going in the near future, but before we do, take a look at Read More…
The US dollar rebounded on Friday after experiencing significant declines in the previous sessions. Investors were consolidating their losses before the weekend. However, the overall trend of the dollar remained negative. The Fed contributed to this downward trajectory as it is near the end of its rate hike cycle due to weakening inflation. Bloomberg dollar Read More…
Recap In the analysis we did on June 28th, the Euro has rallied over 3%, shooting right through the resistance zone high of $1,11. The RSI is also overbought on the daily chart, but there is no significant trend in tact. This tells us that we should avoid searching for long entries at this point. As Read More…
On Wednesday, oil prices rose, and benchmark Brent futures surpassed $80 per barrel, reaching a level not seen since May. This increase was due to US inflation data, which raised hopes that the Federal Reserve might reduce the number of interest rate hikes planned for the world’s largest economy. Oil gains after US inflation (Source: Read More…
