Welcome to the fourth instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success.
Today, we’re diving into the world of Multi-Timeframe Analysis (MTFA) . We will explore how to use different timeframes effectively and consistently to gain a deeper...
Gold dropped more than 80 points on Friday 7th June due to a resurgent US dollar – taking the precious metal back to a key area of support. Let’s take a look at the various trading opportunities that may present themselves at this key level.
Daily Candle Chart Analysis
Gold’s daily candle chart is locked in a long-term uptrend with prices trending above...
EUR/USD has gapped lower after French President, Emmanuel Macron called a snap election following shock results of EU parliamentary elections in which far-right parties made strong gains. Let’s take a look at the ways we can trade negative gaps of this nature.
Method 1: Gap and Go
The ‘gap and go’ method of trading price involves taking advantage of the...
The bullish drive has been revived in US equity indices after a few weeks of downside pressure. The S&P 500 and the Nasdaq both broke to new highs on Wednesday driven mostly by technology stocks. The ADP May employment report also helped revive some buying appetite as it came in below expectations. There isn’t a very good correlation between the ADP data and the...
Welcome to the third instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success.
Today, we’re harnessing the power of moving averages. We will explore how to use them effectively and consistently to enhance your trading.
Moving Averages: Momentum Versus...
US crude price is trying to reverse some of the losses on Wednesday morning after five days of continued selloff. West Texas Intermediate (WTI) dipped to a four-month low on Tuesday, finally finding some support at 72.6. Momentum had already been struggling when OPEC+ announced at the weekend it would start to gradually increase production later this year. Markets...
During the last seven trading sessions, the S&P 500 has formed two candle patterns. With these patterns directly opposing each other, let’s explore which pattern is best placed to win out over the coming weeks.
Start with the Bigger Picture
Before we get into the individual price patterns, it is always a valuable exercise to zoom out on your price chart and...
Let’s take a look at three FTSE 100 heavyweights demonstrating high levels of relative strength.
Barclays (BARC): Strategic Update Sparks Share Surge
Barclays' share price has been in a powerful uptrend since unveiling a strategic update in February. The bank's three-year plan includes significant initiatives such as:
• Cutting costs by £2...
GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome.
The reversal came in part due to the uptick in the US dollar, but other GBP pairs also...
After powering to all-time highs at the start of the month, the FTSE 100’s uptrend has started to falter with the index pulling back more than 300 points during the last two weeks. Let's explore the reasons behind this pullback and identify key levels where the index might find support.
Why is the FTSE Falling?
Rising Bond Yields:
Concerns about prolonged...
Welcome to the second part of our educational series, Brilliant Basics. In this series, we'll explore how mastering the fundamentals lays the groundwork for achieving high-level performance in trading. Today, we focus on reversal zones, specifically the art of drawing support and resistance consistently across multiple timeframes.
Understanding Reversal Zones ...
EUR/GBP is retesting a long-term support zone which is relevant across multiple timeframes. Let’s explore the trading opportunities available on different timeframes.
The Bigger Picture: EUR/GBP Weekly Candle Chart Analysis
EUR/GBP’s weekly candle chart shows a series of lower swing highs into a key area of horizontal support, forming a descending triangle...
The advances in USD/JPY remain shy. The pair has plateaued in recent sessions with little deviation from the current level of 156.90 as the lack of direction becomes evident. The momentum remains bullish, but buyers are sceptic of how much more room there is to move higher before Japanese officials intervene in markets again. Last month the bullish drive was much...
Gold (XAU/USD) started the week trading with a positive bias after last week's correction. The precious metal dropped over 4% as strong economic data in the US continues to hinder the hopes of rate cuts from the Federal Reserve. Commentary last week from several FOMC members continued to point towards a restrictive policy for the foreseeable future, at least until...
After appreciating over 28% in the past month-and-a-half, copper price slumped overnight. Increased media attention to the rally in copper prices led to the inevitable profit-taking on Wednesday, causing the metal to shed over 5%. The pullback has attracted some buyers to restock at lower prices, but many have stayed on the sidelines waiting for further declines....
"Champions are brilliant at the basics." - John Robert Wooden, legendary basketball coach. In trading, just like in sports, mastering the fundamentals forms the foundations for exceptional performance.
Welcome to the first part of our educational series, Brilliant Basics . In this series, we'll explore how mastering the fundamentals lays the groundwork for...
Market pricing has tipped in favour of ‘no rate cut’ at the upcoming Bank of England (BoE) meeting in June after UK CPI came in higher than expected this morning. Markets were assigning a 50/50 chance of a rate cut in June before the CPI release according to data from Reuters. The probability of a cut has now dropped to 15%. It’s not that the data was bad, it just...
With EUR/USD set to post its first positive month of the year, let’s take a look at why the dollar rally has faltered, the key levels to watch, and the trend continuation pattern emerging on lower timeframes.
Dollar Rally Falters
The rally in the US dollar has faltered in recent weeks as traders bet on falling inflation giving the Federal Reserve more room...
