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Market Observtions On E-Mini S&P 500

Market Observtions On E-Mini S&P 500

The E-mini S&P 500 has experienced a rise of approximately 0.6% during the European trading session. The prior volume profile structure suggests a double distribution shape, which can lead traders to focus on the point of control (POC) levels within these distributions to assess potential rotational scenarios. The slightly lower dollar and the current positive […]
Chart Of The Day: Frontline – Shipping Oil Worldwide

Chart Of The Day: Frontline – Shipping Oil Worldwide

The Chart of the Day belongs to the petroleum shipping company Frontline (FRO) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price […]
Silver Forecast: Market Continues To See Noise

Silver Forecast: Market Continues To See Noise

At the end of the day, while silver maintains a bullish outlook, current market conditions suggest an imminent pullback might be necessary to attract fresh buying interest.  Silver exhibited an initial upward movement in Friday’s trading session, only to encounter substantial resistance near the 50-Day Exponential Moving Average, a critical indicator closely monitored by numerous investors. […]
GBP/USD Weekly Forecast: BOE’s Tightening Nears Finish Line

GBP/USD Weekly Forecast: BOE’s Tightening Nears Finish Line

The GBP/USD weekly forecast is bearish as investors have locked their eyes on the Bank of England (BOE), expecting the central bank to wrap up its tightening cycle. Ups and downs of GBP/USDThe pound ended the week lower due to market apprehension amid the ongoing Middle East war, which boosted the dollar. All eyes are now […]
EUR/USD Forex Signal: Ascending Channel Forms Ahead Of Fed Decision

EUR/USD Forex Signal: Ascending Channel Forms Ahead Of Fed Decision

The EUR/USD exchange rate has remained in a consolidation phase in the past few days.  Bearish view Sell the EUR/USD pair and set a take-profit at 1.0500. Add a stop-loss at 1.0650. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.0610 and a take-profit at 1.0660. Add a stop-loss at 1.0520. The EUR/USD exchange rate reacted mildly to last […]
Crude Oil Commentary – Monday, October 30

Crude Oil Commentary – Monday, October 30

Oil Drops Despite Middle East ConflictOil prices are coming under pressure across early trading on Monday, despite an intensification of the Israel-Hamas war. Israel stepped up its advances into Gaza over the weekend with increased land and air campaigns. However, for now markets appear to be looking beyond the reports on the view that the […]
Odds Favor Equity Bulls Than Bears At Present

Odds Favor Equity Bulls Than Bears At Present

Both the S&P 500 and VIX closed lower last week. This occurred even as the major US equity indices are at/near decent/major support. Right here and now, odds favor the bulls than the bears. Last week, both the VIX index and the S&P 500 headed lower, with the former down 0.44 to 21.27 and the […]
USD/JPY Outlook: Dollar Anchors Yen Near 150 Ahead Of BoJ

USD/JPY Outlook: Dollar Anchors Yen Near 150 Ahead Of BoJ

The USD/JPY outlook for Monday hinted at a modestly bullish trend, with the dollar standing strong and holding the yen near the 150 mark. Meanwhile, all eyes were on the Bank of Japan’s policy announcement. The dollar index held steady as investors assessed the effects of robust US economic data on the Federal Reserve’s interest rate […]
Silver Found Buyers After Elliott Wave Double Three Pattern

Silver Found Buyers After Elliott Wave Double Three Pattern

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Silver (XAGUSD) published in members area of the website.  As our members know Silver  has recently  made pull back that has unfolded as Elliott Wave Double Three Pattern. It made clear 7 swings from the May 4th […]
BTC/USD Forex Signal: Consolidating Below $35,000

BTC/USD Forex Signal: Consolidating Below $35,000

Essentially, Bitcoin is stuck in a consolidation pattern between $33,445 and $35,000.  My previous BTC/USD signal on 26th October was not triggered as there was no bullish price action when the resistance level at $34,281 was first reached that day. Today’s BTC/USD SignalsRisk 0.75% per trade.Trades may only be taken before 5pm Tokyo time Tuesday. Long Trade Ideas Go long […]