Technical Analysis

For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650 Credit Suisse slashed

Following our tecnical analysis yesterday, the S&P Futures (ES), despite selling hard on the first half of yesterday, is continuing to show reslience and we maintain our bullish bias Today’s video analysis of the S&P Futures shows that it is still creating higher lows and reclaiming higher price levels on the volume profile of the

The Russell sold off in the first half of the day, all the way to the Value Area Low (lower blue line in the video) of the volume profile for the price range Following, RTY staged a V shaped recovery (4 hour candles), reclaiming a relevant price channel Some trade ideas are suggested but as

USD/CAD is at the highs of the day, up 175 pips to 1.3034. That puts the pair within striking distance of the closing high for the year, which was at 1.3037 and set on June 17. That day they pair also set the intraday high at 1.3079. The loonie is the second-best performing G10 currency

Bank of America Global Research discusses USD/JPY technical outlook and warns of a scope for a correction lower in July. “A triangle breakout targeted 131.50 (reached), the trailing high from 2002 is in the 135s (reached), the interior trend line is approximately 140/141, the 38.2% head and shoulders target is 145.18, the peak in 1999

Oil came into the day on a three-day winning streak and looked to be extending that to four as gains stretched to $114.01 at the highs. But a sharp turnaround started four hours ago and it finished just below $110. One of the reasons was a comment from a US OPEC envoy who said he

I’m skeptical of price action around quarter-end so I don’t want to pile on here but if I were to pile on I’d say: Europe is an uninvestible sinkhole of economic growth that’s more concerned with consolidating political power around a United States of Europe and social/green investment than in winning any kind of race.

Me and Eamonn both highlighted the bearish outside day in oil yesterday and it’s coming to pass. There was a bearish outside day yesterday and it came after a test of the 50-61.8% fibonacci retracement level of the June swoon. OPEC+ today was a non-factor as it endorsed the August production hike that was already

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Today, China cut the time inbound visitors have to stay in quarantine from 3 weeks to 10 days. This sign of easing is positive for the Chinese stock market The CSI 300 index is one of China’s most watched stock market indices. It follows 300 large and medium-sized stocks in Shanghai and Shenzhen The chinese

Visitors to Macau casinos are expected to rise and Las Vegas Sands (stock ticker: LVS) presents a very interesting reward vs risk opportunity for the long term buyer LVS stock seems to be rising from the bottom of a range going back to 2015 This stock buying opportunity is worth a consideration, especially in light

USD/CAD fell 21 pips to 1.2875 as the rebound in oil prices continued. The US dollar was mixed as high yields and good economic data competed with end-of-month flows into some beaten-down currencies. The main feature on the USD/CAD chat is the double top at 1.3077/79. The declines in the past two days emphasize that

Get the  Technical Analysis  for FedEx Stock (FDX) in 2 minutes FDX is inside a potential bull flag. Bullish flag formations are effective continuation patterns in strong uptrends. The “pole” of the flag arises from a stock’s vertical increase; the “flag” is from consolidation (when the stock trades in a range, typically sideways to slightly

The  USDCAD  has dipped modestly on the higher CPI  inflation  and in the process took a peek below the 100 hour MA at 1.29683. The low price reached 1.2963, but has already moved back toward the pre-release level of 1.2978. Earlier today in the early Asian session, the price dipped to a low of 1.2910

The EURUSD is mired in another rangy trading day. The price action yesterday was up and back down. Today it was down and now back up. On Monday, the price action was up and down. So the pattern is showing apprehension toward a directional move. Technically, that manifested itself with a move back below the

Yesterday, the USDJPY rallied once again and in the process broke above the June 14 high of 135.579. That move took the price to the highest level going back to September 1998 – nearly 24 years ago. The high price closed the day near the high for the day at 136.70. A topside trend line

The yields in the US have taken another step to the downside as Powell speaks to demand destruction. The 2 year yield is now down about -12 basis points. The 10 year is also lower by about the same -12 basis points. Looking at the chart of the 2 year yield, the yield has now

The  EURUSD  moved above the swing area new 1.0545 and approached the 50% midpoint of the move down from the May 30 high. Sellers initially leaned against that level, but after backing off on the 1st test of the retracement level, the price based and moved to and through the level. The price has now