Introduction The E-Mini Russell 2000 Index Futures, often seen as a bellwether for small-cap stocks in the U.S. market, is currently positioned at a point where it could swing bullish or bullish with volatility. As all markets around the world continue to surge at a time when political and economic unease is high, technical analysis Read More…
Equities plummeted on Tuesday after downbeat manufacturing data sent investors scrambling for safety. At the same time, experts believe the decline came as investors dumped equities at the start of a historically poor month. Data on Tuesday showed a bigger contraction in the US manufacturing sector than expected. The ISM manufacturing PMI showed a contraction Read More…
Introduction Crude Oil futures have declined into a year-long support zone, which we will analyze below. There are a few fundamentals that have led to this drop, including OPEC news and weak economic data from China. For now, we will focus on the technical analysis to see if we can find any clues on the Read More…
Technical Analysis Moving Averages: Recent Price Action: The price has recently faced resistance near the 50-day moving average as bulls tried to push prices higher and has pulled back slightly. This rejection from the 50-day moving average shows selling pressure at these levels. Market Sentiment: The overall trend before the recent pullback in July was Read More…
Currency futures fell on Friday after US data solidified bets for a smaller 25 bps September Fed rate cut, boosting the US dollar. Data throughout last week showed that the US economy remains resilient, dismissing fears of a recession. Fed rate cut bets (Source: Bloomberg) The dollar had a bullish day on Friday after the Read More…
The chart provided displays the U.S. Dollar Index (DXY) on a weekly timeframe. Let’s analyze the technical indicators and identify potential bearish/short high-probability trade opportunities. Technical Analysis Descending Triangle Pattern: There is a symmetrical triangle formation. The price recently broke below the lower trendline of this triangle, signaling a potential continuation of the downtrend since Read More…
