Technical Analysis

Gold Technical Analysis

Last week, Gold surged to a new all-time high following the FOMC decision but started to retreat soon after as the US data surprised once again to the upside. In fact, the US Jobless Claims beat expec...more

Russell 2000 Technical Analysis

Last Friday, the Russell 2000 extended the pullback from the highs reached after a strong rally triggered by the FOMC decision. This might have been just a profit-taking move from overstretched levels...more

Bitcoin fails to sustain breakout, traders brace for potential support retest

Bitcoin's recent price action on the 4-hour chart presents a fascinating narrative of a failed breakout, highlighting the constant battle between bulls and bears in the cryptocurrency market. Here's a...more

Reddit stock IPO technical analysis: Bears take control after initial optimism

Key observations from Reddit's (stock ticker RDDT) post IPO opening candlesticks:...more

What are the technical saying for the major currency pairs going into the new trading week

EURUSD: USDJPY:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. ...more

USDJPY bumps against three-year highs this week and find willing sellers.

The USDJPY bumped against three-year highs this week on both Wednesday and Friday, and found willing sellers each time. The high on Wednesday reached 151.81. The high today reached 151.85. That compar...more

US crude futures settle at $80.63

Crude oil futures are settling at $80.63. That is down $0.44 or -0.54%.The low for the day reached $80.42. The high was up at $81.45. For the trading week, the price is down -0.51% on a decline of $0....more

EURUSD dips to new lows, testing key support level. What next as we head into new week?

The EURUSD is trading at new session lows and lows for the week. In the process, the pair is testing the high of a swing area near 1.0847 and the 61.8% of the move up from the February low to the Marc...more

NZDUSD trades to a new session/week low but tests key support target in the process.

The NZDUSD - like some of the other currency pairs vs the USD this week - saw multiple up-and-down price action. It moved to the upside on Wednesday and was spurred on by the FOMC rate decision. Its m...more

Italy targeted GDP and 1% for 2024

Italy is targeting GDP growth of 1% for 2024. That is above economist estimates.Meanwhile, the EURUSD is trading near lows for the day but above the support at the 61.8% retracement of the move up fro...more


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