Introduction The Dollar has been surging for the past few sessions, posting five straight green candles. Without looking at any fundamentals in today’s overview, lets dive straight into the technicals and see what we can find. Technical Analysis The Dollar is overextended in the short term with the RSI in overbought territory. Price has also Read More…
Currency futures fell on Friday while the US dollar jumped after a blockbuster employment report lowered Fed rate cut expectations. At the same time, demand for the dollar remained high after several upbeat US economic reports. US employment (Source: Bureau of Labor Statistics) It was a green day for the dollar after the US released Read More…
Oil prices have rallied since Wednesday due to supply concerns stemming from increased tensions in the Middle East. However, a build in US crude inventories indicated weak demand, weighing on prices. Brent futures (Source: ICE) The conflict between Iran and Israel escalated when Iran fired 180 missiles at its opponent. Meanwhile, Israel vowed to hit Read More…
Introduction We haven’t looked at 6C for a while, but there is an interesting pattern we can look at and learn from. Let’s break down the analysis and find high-probability trade setups while explaining the bearish divergence pattern highlighted in the image. Before we go further, you can learn all about bearish divergence in the Read More…
Last year, we introduced you to Karan, a funded trader who withdrew $17,500 from his funded trading account. This year, he is back with another big withdrawal while still trading his aggressive scalping style. Since our last article, OneUp Trader announced that traders could now get funded on up to three accounts at a time, Read More…
Fundamentals WTI crude futures rose 1.56% to $70.92 per barrel late Tuesday as fears of oil supply disruptions grew after Iran launched ballistic missiles at Israel. Iran fired over 180 missiles in retaliation for Israel’s campaign against Hezbollah in Lebanon, escalating tensions in the oil-rich region. ANZ Research noted Iran’s involvement raises concerns about potential Read More…
