Pullback gives rise to possible long trades. Fibonacci analysis, candlestick analysis, and two possible outcomes. A true story about a currency trader from Dubai. Technicals We have finally seen a decent sized pullback on the Euro futures as price has moved into a minor support zone. I called for such a move a few weeks Read More…
The trend is now bullish on RTY due to the higher high made on the daily chart. Looking at the hourly time frame for possible entries. A very inspirational mini-movie about a Japanese day trading legend. Analysis In our technical report two weeks ago, we looked at two potential trades, a long and a short one. Read More…
Less aggressive than anticipated remarks from Fed Chair Powell that boosted sentiment. Powell stated that Friday’s surprise jobs report could mean more time in the fight against inflation. Markets are now pricing in a terminal Fed rate above 5% in June. Equities rose in late New York session on Tuesday while the dollar fell following Read More…
Analyzing the profitable short trade from last week. Recent developments on the daily chart point toward bearish weakness. A true story about a pound-trading cyborg. Recap on the double top progress Last week Tuesday, we looked at the double top formation on 6B futures, seeing the potential for a short trade that had a defined Read More…
The RBA authorized a ninth straight rate increase of 25bps. Investors rushed to buy dollars at the expense of emerging market assets after the US jobs report. Markets expect the Fed’s target rate to increase to above 5.1%. Equity markets corrected higher after suffering significant losses over the previous 24 hours. The US dollar stayed Read More…
Pole & Triangle formation showing a strong potential rally is on the cards. Gaussian channel providing long entries on pullbacks for bulls. Macd confirms a period of consolidation. Technical Indicators Pole & Triangle: There was a strong rally before the triangle started forming. During this period of consolidation (Triangle), price has moved sideways, and this Read More…
