Oil paused its decline on Thursday as sentiment improved on a likely trade deal between the US and China. At the same time, risk appetite improved after Trump stopped his attacks on Fed Chair Powell. However, prices fell over 2% in the previous session on reports that OPEC+ might increase output in June. The US Read More…
Gold extended Tuesday’s decline as risk appetite improved after the US Treasury Secretary’s comments on the US-China trade war. Market participants now expect a de-escalation in the trade war, which is bearish for gold. At the same time, Trump halted his attacks on Fed Chair Powell, further improving investors’ sentiment. Spot gold (Source: Bloomberg) Gold Read More…
Current Market Snapshot: Chart Technicals Double Bottom Formation Emerging Downtrend Break Under Scrutiny Moving Averages 🐂 Bullish Scenario If NQ can break and close above the descending trendline and 19,000, we have a confirmed breakout of the short-term downtrend channel. Targets on the upside: This setup would turn the recent price action from a bounce Read More…
Technical Analysis Bitcoin has spent the past several weeks grinding out a bottom, forming a rounded base pattern just above the critical 78,000–80,000 support. This basing action has been healthy — no panic selling, rising volume, and a higher low structure formed. BTC is breaking above the key 87,000 level and testing the upper edge Read More…
Equities collapsed on Monday as more uncertainty rocked investors. Trump’s recent attack on the Federal Reserve has raised concerns about the independence of the institution. Meanwhile, the ongoing trade war with China has increased the likelihood of a rapid economic slowdown in the US. As a result, investors are rushing to safer markets. On Friday, Read More…
Introduction The pin bar is one of the most powerful and widely-used candlestick patterns in technical analysis. Found in every market and on every timeframe, the pin bar can signal trend reversals, continuations, and breakouts. But what exactly is a pin bar, how do you identify one, and most importantly, how do you trade it Read More…
