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…
Equities closed slightly lower on Monday as markets awaited more economic data from the US for insights on the Fed’s policy outlook. At the same time, there was a bit of caution, as US government agencies could be shut down by Friday. Recently, Nvidia gave a strong forecast that led to a rally in equity Read More…
Weekly Chart AnalysisThe Light Crude Oil Futures on the weekly chart have a clear consolidation pattern within a defined support zone. Volume Profile Visible Range (VPVR) indicates substantial trading activity at these levels. The Relative Vigor Index (RVI) is setting a steady momentum, with the RVI line slightly above its moving average, indicating a slight Read More…
Nasdaq futures jumped approximately 2% Thursday morning following a strong earnings report from Nvidia, a leader in AI chip design. The company exceeded Q4 revenue expectations and projected Q1 revenue to triple, fueled by robust demand for its artificial intelligence chips. In premarket activity, Nvidia shares skyrocketed 12.9%, poised to add over $200 billion to its market Read More…
Weekly The weekly chart of the Nikkei Futures has been in a strong uptrend, as indicated by the SuperTrend indicator, which has been green for an extended period. The Awesome Oscillator (AO) is positive too as the Japanese index surges to new highs. Key Levels to Watch on the Weekly: Daily On the daily chart, Read More…
Japan’s stock market has reached new heights not seen since the country’s asset bubble in the late 1980s. Back then, share prices soared to astronomical levels, fueling a national mood of affluence and speculation. 87-year-old investor Kazukuni Yamazaki recalls the spectacle of daily stock fluctuations drawing crowds of eager onlookers, including young office workers. Luxury Read More…
