Latest Market News
Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions once again last week. Total upside exposure rose to around 278k contracts from around 274k contracts prior, marking the fourth consecutive week of bullish positioning growth. Sadly, for those who added to upside bets last […]
AUDUSD, “Australian Dollar vs US Dollar” The currency pair is growing inside the bullish channel, moving above the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 0.6695, followed by growth to 0.6945. Growth will be additionally supporter by a bounce off the […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. However, the RSI is already in the oversold area. Here we should expect a test of the support level at 0/8 (0.9277), a bounce off it, and growth to the resistance level of […]
Technical & Trade View Silver Futures Trade View Bias: Bullish Above Bearish below 19.90 Technicals Primary resistance is 21.65 watch for bearish reversal patterns here Primary pattern objective is 19.90 Acceptance below 20.50 next pattern confirmation Acceptance above 21.70 opens a test of 22.10 20 Day VWAP bearish , 5 Day VWAP bullish Options Expiries […]
Type: Bearish Momentum Key Levels:Resistance:1465.00Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located. Alternative Scenario:Price may rise again […]
How can you tell if your trading strategy is no longer effective? Trading strategies do and will stop working over time. There are several factors that can lead to this such as market conditions, volatility, volume and even market conditions that strategy was tested in. Trading strategies do not last forever and whether you developed […]