Trend channel identified on the 4-hourly chart. Analysis of the order block on the 15-minute chart. Trend Channel Analysis Looking at the 4-hourly chart, there is a strong bullish channel that we can take note of. Currently, the price of RTY is trading around the low of the channel, and it may be ideal to Read More…
Investors worry over ongoing protests in China. PBOC will release about $70 billion to boost the Chinese economy. There is growing resentment of the Zero-COVID policy in China. The Equities market fell on Monday as concerns over the control of the virus in the second-largest economy in the world increased following unusual protests against the Read More…
Multi-Year Resistance zone spotted on the weekly chart. Forward-looking potential bullish targets. Ascending Triangle pattern found on the hourly chart. Multi-Year Resistance at 1.0471 Zooming out on the daily chart for Euro, we can see that the price is currently trading within a multi-year resistance zone at 1.0471. In 2015 – 2017, a triple bottom Read More…
Technicals appear bullish in the medium term for Gold. Analysis of the volume profile, Fibonacci retracements, and 100-day Moving Average. Entry and stop loss placement ideas. Daily Chart Analysis In our previous article, we indicated that even though Gold was rallying with strong intent, there was no point chasing the market, but rather ideal to Read More…
Investors are awaiting the release of the FOMC meeting minutes. COVID cases continue to rise in China, prompting more restrictions. The US dollar fell, showing improved sentiment as investors looked beyond China’s COVID. Wednesday saw an increase in Equities and a decrease in US Treasury yields as investors anticipate the release of the Federal Reserve’s Read More…
Bulls may be targeting the top of the medium-term downward channel. A look into the consolidation zone ES has been trading within. Bullish candlestick formations on the monthly chart. Price Rallies Through Liquidity Zone We have seen higher prices in most equity markets since the CPI release came in lower than expected on November 10th. Read More…
