Chart Art: Bitcoin (BTC/USD) Retracing to Former Support Zone
Missed the double top breakout on bitcoin? Price recently fell through the neckline of this reversal pattern, hinting that a longer-term slide is within the works. BTC/USD appears to be…
Financial Trading
TA of the Day: Will USD/JPY Bounce After Sharp Sell-Off?
There was an enormous drop in USD/JPY today after softer-than-expected CPI data was released within the U.S. Will the USD/JPY bounce after such a pointy sell-off? Welcome to TA of…
Global Market Weekly Recap: July 8 – 12, 2024
Market correlations were everywhere early within the week, before sentiment finally found its stride a number of days in. Although Fed head Powell’s speeches and the U.S. CPI print spurred…
Chart Art: Spot Gold (XAU/USD) Is Trading Near The Top Of A Long-term Range!
Overall U.S. dollar weakness helped propel spot gold to its multi-week highs. Will a technical resistance level encourage a bearish turn for the commodity? Or will we see a breakout…
Mid-12 months Check: How Are You on Your Trading Goals?
Can you suspect we’re halfway through 2024?! With the primary half of the 12 months behind us, it’s time to look back on the trading goals you made firstly of…
FX Watch: Watching USD/CAD’s Triangle Ahead of U.S. CPI
Uncle Sam is about to print the June CPI report soon and certain trigger big moves for USD/CAD. Can this pair sustain its bounce off the long-term triangle support? Listed…
Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
Earlier this week, U.S. crude oil prices turned lower from the $84.40 area for a second time this month. Are oil prices headed lower? Or are the bulls just taking…
FX Watch: GBP/NZD’s Uptrend Intact Ahead Of RBNZ’s Decision
The Reserve Bank of Latest Zealand (RBNZ) is up this week and word around is that the members will pull off a “hawkish hold” event. But what in the event…
Chart Art: AUD/USD Ascending Triangle Pattern
Try this classic chart pattern on the 4-hour timeframe of AUD/USD! Is the pair gearing up for a breakout soon? Or are we about to see further consolidation? Listed below…
Global Market Weekly Recap: July 1 – 5, 2024
It was a busy week for the worldwide markets despite a shortened trading week within the U.S. Politics got here into play with France’s weekend elections, the U.K.’s parliamentary elections,…