Technical analysis patterns, including the double top and double bottom, provide savvy traders with a window into the psychology behind price movements. Skillfully leveraging these patterns could reap significant rewards. This guide will explore how to identify and utilize double tops and bottoms to improve your knowledge on chart patterns. The basics of the double Read More…
As we step into the first quarter of 2024, Bitcoin will be on the forefront of investing news as we await the bitcoin ETF. The price for BTC futures has seen a significant 162% YTD return. With the halving coming shortly, what do we expect for BTC? Here’s a technical breakdown of the current market Read More…
As the Dollar continues to fall, eyes are on the Euro and how it will weigh up against the rest of the world currencies. In this week’s technical analysis, we take a look at the monthly, weekly, and daily charts. We also look for trade ideas and ways to play the market. Monthly Chart The Read More…
Overview The charts below give us monthly, weekly, and daily S&P 500 E-mini Futures (ES) technicals. We will analyze the key levels, trends, and indicators to establish potential trade setups. Monthly Timeframe Analysis The monthly chart reveals a long-term uptrend, with the price consistently forming higher highs and higher lows—a bullish signal. The recent high Read More…
Gold prices rose on Thursday as US economic data heightened expectations of a Federal Reserve interest rate cut in March next year. Data revealed a 4.9% annualized growth in US gross domestic product for the last quarter, a revision from the initially reported 5.2%. Moreover, there was a slight increase in weekly jobless claims. Spot Read More…
On Wednesday, oil prices settled slightly higher amid concerns over global trade disruption. There were attacks on ships in the Red Sea by Yemen’s Iran-aligned Houthi forces. Meanwhile, a surprise US crude inventory build, larger-than-expected fuel stock gains, and record domestic oil production limited price gains. The US Energy Information Administration reported increases in US Read More…
