When Egyptian trader Mahmoud Elbakry was looking to take his futures trading career to the next level, he knew he needed the right partner. After failed attempts with 4 other prop firms, he finally found the perfect fit with OneUp Trader. Within just 15 trading days, Mahmoud successfully passed his OneUp Trader evaluation and secured 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…
Interest futures rose on Thursday after US inflation came in line with expectations, leading to a decline in Treasury yields. Unlike the consumer and producer inflation figures, the personal consumption expenditure was not surprising. As a result, investors are more convinced that the Fed will start cutting rates in June. Additionally, there was evidence of Read More…
Gold prices increased slightly on Tuesday as the dollar weakened, making gold more attractive to foreign buyers. At the same time, investors were awaiting more inflation data from the US and speeches from Fed policymakers. These will give guidance on the outlook for rate cuts in the US. The dollar weakened after poor data from Read More…
Weekly Chart Key Levels to Watch on the Weekly: Daily Chart Key Levels to Watch on the Daily: Potential Trades: It’s essential to monitor these levels and adjust strategies accordingly. The rising wedge and RSI divergence should be watched closely for signs of a potential reversal. Remember to manage risks effectively, as markets can always Read More…
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…
