Technical Analysis

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 produc...

I’m looking at that last candle, outside day … bearish …. what you all think? Feedback welcome from the T/A folks. This article was written by Eamonn Sheridan at www.forexlive.com....

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 ...

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 […]...

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 sh...

June 28th S&P 500 E-mini futures (ES) 4-hour candles. We’re looking at a top of a current range at 3,950 S&P bulls attempted to break through the resistance, but created a double top and failed We outline in the technical analysis video below a volume profile for the current price rang...

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, esp...

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 Shenzh...

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 da...

EUR/JPY is up 70 pips today but Citi thinks it’s time to fade the pair. “We are going short EURJPY at 142.55 with a minimum target of 137.85-138.20 and a possible extension towards the 200-day MA at 132.54,” analysts at Citi said. If they liked it at 142.55, they’ll like it e...