Industrial stocks have outperformed in the past month. Today’s chart examines a big name in the sector: farm-equipment maker Deere. First consider the high basing pattern above $400 so far in 2023. It’s a higher low than the troughs of July and September, potentially establishing new support near the previous all-time high from last April. Next, DE was...
Already vulnerable, Turkey’s economy now faces massive earthquake recovery costs: After a difficult year, things finally seemed to be looking up for Turkey’s beleaguered economy in early 2023. Just six months earlier, in June 2022, the economy was on the brink: Turkey was facing a potential balance of payments crisis, meaning it would be unable to redeem...
Currency correlation is important to understand in forex trading because it could impact your trading results often without you even knowing it. In this post, I will share some information about correlations in forex trading and how you are able to use it to your advantage to avoid unnecessary losses. Throughout my journey as a beginner trader, I have bought or...
Hello, everyone! Today we would like to discuss macro and crypto, what affects that, what depends on that and what to expect from the market and when the new bull cycle will start A LITTLE BIT OF THEORY 1. US PMI (Purchasing Managers Index) – macroeconomic indicator that shows the level of business activity. 2. DGS 1&5 – average 1 and 5 year US Treasury...
▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️ This trading method was developed by Richard Wyckoff in the early 1930s. It consists with series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life experience for studying market behavior, and his work still influences much of modern technical analysis (TA)....
Integrity… It’s what gives you certainty, confidence and trust for yourself. It’s what tells you, you can do it. It’s what makes you leap forward in life. And it’s what earns you self respect. With trading, you need to achieve self respect, to help feel more assertive with the trading decisions you make. In this short letter, I’ll give you some actions...
What exactly is risk management? The ability to control your losses so that you do not lose all of your equity is referred to as risk management. This is a system that may be applied to everything that involves probabilities: trading, poker, blackjack, sports betting, and so on. Many inexperienced traders underestimate the significance of risk management or...
Life is like a dream, doomed to gain and lose, encounter and parting are all coincidences of happy memories. And that coincidence, in the watery time, is like a summer flower, blooming in our life with its truest and most splendid posture. Sometimes, you feel tired because you think too much. The world is unpredictable, don't be too obsessed when encountering...
Biases that influence your investment decisions Most people who invest in the stock market don't reach their goals. The top 1% of investors can double or even triple their returns from the market. Reason: how investors think How this article will help you avoid these biases: * Awareness -...
The euro remains busy and is down 0.40% on Thursday, trading at 1.0624. This follows the euro gaining 0.90% a day earlier. The euro's moves today and yesterday have in large part been dictated by inflation releases. Earlier today, Eurozone Final CPI came in at 8.6% for January, down sharply from 9.2% in December. Headline inflation eased for a third straight...
Hello, everyone! Today we’re going to break down two things: the probable key level for BTC this year, 25,200, and what you can expect from the market in general if you have a medium or long term strategy. A short story to begin The 25,200 level was formed in early August 2022, when everyone stopped talking about the bankruptcies of 3AC, Celsius and several...
Hi Fellow Forex Trader, Here's a Technical outlook on Aussie Yen! Price Action Analysis AUDJPY has broken out of the bearish trendline and the Descending Broadening Wedge Pattern. The MACD Indicator also made a golden cross, indicating a possible upside momentum to the target area. All other explanations are presented on the chart. The roadmap will be invalid...
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking the support...
BingX’s Bitcoin Chart Bitcoin is down 0.59% over the last 24 hours and fell to an intraday low of $23,022.42. The largest cryptocurrency was trading around the 20-day exponential moving average for the past few days, suggesting neither bulls or bears are willing to give up this level. The flattening 20-day EMA and the relative strength index (RSI) near the...
Tune in and find out my thoughts and ideas about the market across the major currency pairs, commodities, and cryptocurrencies
Live-streaming of our Malta event on how ChatGPT and AI can affect the stock markets. A discussion on the opportunities and threats, for a breakthrough that is about to revolutionise the world!
A notable impulsive movement has been observed in the gold market, with the price surging from 1808 to 1831. My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary...
Price action analysis & forecast on trade opportunities for the week ahead.