technical analysis

This preview of weekly data looks at USOIL and XAUUSD, where economic data coming up later this week are the main market drivers for the near short-term outlook. USOIL, daily Oil prices are falling due to expectations of higher OPEC+ production and concerns about sluggish demand in China and the...

The EUR/USD is up slightly around the 1.0860 level in early Asian trading hours on Monday. The pair rose as market traders are widely anticipating the US Federal Reserve to cut interest rates in September, which caused the dollar (USD) to move sharply lower. Inflation in the US, which is...

Hello everyone! I just made a technical analysis on BTC aka Bitcoin, but it's more of a trendline analysis based on support and resistance levels and also, I'm not a crypto trader nor analyzer but the charts were so compelling that I could hear the bearish movement. So here it is, based on...

Hello, Which one is more important to you in technical analysis? current volume or pending orders?

Murrey Math Lines 21.03.2024 (USDCHF, XAUUSD) USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rebound from the 5/8 (0.8850)...

Daily Crypto Analysis – Bitcoin Dive, Ethereum at $2k, Chainlink Bubble, XRP Struggles. Introduction Bitcoin plunges below $40k as enthusiasm surrounding spot ETF approval diminishes. Despite initial optimism, the cryptocurrency struggles to sustain gains post-SEC approval. Ethereum faces a...

Daily Index Analysis – Wall Street soars, Dow hits 38K, S&P rises, FTSE falls. Introduction: Asian markets respond to Wall Street’s record performance, with gains in Shanghai, Hang Seng, Kospi, and S&P/ASX 200. Meanwhile, European stocks see a modest rise ahead of the ECB meeting. In the U.S...

Daily Commodity Analysis – Expose WTI surge, corn slump, metals’ volatility causes. Introduction WTI crude oil rallies to around $74.70 per barrel fueled by global energy supply concerns, exacerbated by Ukraine’s drone strike on Russian fuel terminal Novatek and US production disruptions. In...

Daily FX Analysis – Red Sea, Stable EUR, AUD Retreats, USD/JPY Eyes BoJ. Introduction The GBP/USD consolidates above 1.2700 amid modest USD weakness, driven by a positive risk-on environment. Despite a rebound in the pair, rising tensions in the Red Sea pose potential challenges. Meanwhile...

EURUSD fell heavily towards a fresh 6-month low and broke several supports during the process after the US dollar extended the bullish rally. ECB's possible pause in rate hike sentiments has been keeping the euro under pressure lately. However, the President of the European Central Bank (ECB)...

Gold is falling towards a potential support zone Gold has fallen strongly since the beginning of the week from prices $1,925 to $1,896 amid sustained USD buying, Fed rate hike expectations. It seems that it is now heading towards a potential support zone around prices $1,890 to $1,884 prices...

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Crude Oil (USOIL) Oil prices fell on Thursday as concerns about China’s economic outlook outweighed expectations of tighter supplies from extended cuts in Saudi Arabia and Russia. The market also digested mixed data from China, with overall exports falling 8.8% in August, while crude imports...

Shares of Apple (NASDAQ: AAPL), which is also the world's most valuable listed company, sharply reversed from the monthly highs. The stock dropped back to below $180 ahead of Apple’s annual event on September 12. As of writing this article, the stock trades at $176. The stock fell more than 4%...

Shares of the video game retailer GameStop (NYSE: GME) jumped more than 8% in after-hours trading on Wednesday after the company reported better-than-expected fiscal second-quarter earnings report. GameStop posted an adjusted loss per share of $0.03 and revenue of $1.16 billion topped the $0.14...

Crude oil prices spiked to fresh ten-month highs on Tuesday after the largest oil producers & exporters namely Saudi Arabia and Russia agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting...

The euro remains under pressure against the US dollar and other currency pairs following the release of Eurozone inflation data. The latest Eurozone CPI report showed that the annual inflation rate was unchanged at 5.3% YoY in August. The inflation rate was expected to fall to 5.1%. On the other...

The price of Bitcoin (BTCUSD) has increased by more than 7% in the past 24 hours to $28,100 as the US court ruled in favor of Grayscale Investments, a subsidiary of Digital Currency Group, in regard to the application of a spot BTC ETF. The upside momentum was also lifted after the social media...

The US dollar pairs remain the centre stage of attention for the next two days. The dollar index, which tracks the U.S. currency against six major peers reversed from the 11-week highs and ended lower on Wednesday. The index had good two-way price moves since the beginning of this week...

Today all eyes are focused on the several purchasing managers surveys, countries such as Germany, the UK, the US, and the Eurozone. PMIs are significant as they tend to be reliable leading indicators of growth. A reading above 50 indicates expansion while a sub-50 print indicates contraction in...