Bitcoin’s remarkable rally has the cryptocurrency community buzzing as it nears the previous all-time high (ATH) of approximately $68,900. A technical analysis of the daily and weekly charts reveals a sustained upward trend that invites optimism for continued bullish momentum. The daily chart showcases Bitcoin’s substantial break above both the 50-day Simple Moving Average (SMA) Read More…
Gold prices soared to record highs on Tuesday due to increasing rate-cut expectations. Additionally, the yellow metal got support from a weaker dollar, ongoing geopolitical tensions, and demand from central bank purchases. US services growth (Source: Institute for Supply Management) Rate cut expectations rose on Tuesday after data from the US revealed a decline in Read More…
In an impressive display of bullish momentum, the S&P 500 E-mini Futures have charted a path toward new heights. As we analyze the current trend, it’s clear that the bulls have taken the reins, with the recent close above the critical support level of $4244.75 signaling confidence in the US economy. The key takeaway from Read More…
Russell has been severely lagging the big indices with 1 year performance at 7%, while NQ has posted a 47% increase in the same period. Is it finally time for the small caps to catch up? Weekly Key Levels to Watch on the Weekly: Daily Key Levels to Watch on the Daily: Potential Trades: Always Read More…
Weekly Key Levels to Watch on the Weekly: Daily Chart Observations: Key Levels to Watch on the Daily: Potential Trades: Given the current price action and the significance of the ATH level, we must be prepared for volatility and swift price movements. Traders should watch for a confirmed breakout or rejection at the ATH to Read More…
Average True Range Indicator Explained The average true range (ATR) is a technical analysis indicator that measures market volatility and helps determine trend strength. Also referred to as the ‘atr indicator’ or ‘atr average true range,’ it calculates the average range between high and low prices over a specified timeframe. The average true range indicator, Read More…
