EUR/USD Forecast: Pulls Back from 200-Day EMA yet Again
In addition to all this, we also have to worry about whether a global slowdown will happen or not, and if it does happen, many people will run to the…
NASDAQ 100 Forecast: Dips to the 50-Day EMA for Support
Remember, the NASDAQ 100 only affects a few stocks, so you’ll need to pay attention to all the usual suspects like Microsoft, Apple, Alphabet, Meta, Tesla and the like. ,…
USDJPY PRICE ANALYSIS: PLUMMETS BELOW THE 100-DMA AND HITS A FRESH 2-MONTH LOW
USDJPY ends the week with losses of more than 5 percent. From a daily chart perspective, the downside of USDJPY is neutral if the key price is below the 100-day…
DAX Forecast: Explodes to the Upside
However, I think traders are way ahead, but it’s clear they don’t want to hear anything but a bullish story right now. The DAX rose quite significantly during Thursday’s trading…
USD/CHF PRICE ANALYSIS: CLIMBS TO FRESH TWO-WEEK HIGHS ABOVE 0.9800
USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851. The…
Bitcoin technical analysis and trade idea follow-up: Respect the 20 day EMA
The following video is a Bitcoin technical analysis update for 17 August, but, moreso, it can teach traders about an important principle to be on the lookout for signs that support or…
EUR/USD PRICE ANALYSIS: DECLINES TO FAMILIAR LEVELS ABOVE THE 20-DMA
The EUR/USD snaps two straight weeks of gains, drops 0.42%. The common currency is trendless, within the boundaries of 1.0096-1.0278. From a daily chart perspective, the EUR/USD might probe the…
WTI Crude Oil Forecast: Threatening 200-Day EMA
The West Texas Intermediate Crude Oil market went back and forth on Wednesday as we continue to see a lot of noisy behavior in general. The 200-day EMA is an indicator that a lot of…
WTI Crude Oil Forecast: Oil Retesting Previous Trendline
The West Texas Intermediate Crude Oil market has rallied rather significantly during the trading session on Thursday to test the bottom of the previous trendline. We had been in a positive…