Top 5 Major Economic Events to Watch This Week
As we kick off a new week, let’s take a look at the top five major economic events that will be in the spotlight: 1. U.S. Consumer Confidence Index On Friday, the United States will release the...
Category: Special Focus
WTI Breaks Channel Support: Downtrend Confirmed or Deeper Correction?
WTI’s price action has taken a bearish turn, breaking a key support level. This analysis examines the technical situation and explores potential scenarios for the oil market. WTI Falls Below Channel: Downturn or Correction? Support and Resistance...
WTI Tests Channel Support: Uptrend at Risk or Pullback Opportunity?
WTI’s price action is at a crossroads, with a key support level in focus. This analysis examines the technical situation and explores potential scenarios for the oil market. WTI at Channel Support: Uptrend or Correction? Downturn Targets...
XAUUSD Analysis: Bullish Bias Holds, Eyes on 2088.24 and Beyond
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....
NASDAQ Fell Below Channel Support
The NASDAQ index recently experienced a significant development as it fell below the lower boundary of the ascending price channel on the daily chart. This indicates the necessity for a more extended consolidation phase for the upward...
NASDAQ Technical Analysis: Uptrend Continues
NASDAQ has recently extended its upward trend, rising from 11678 to as high as 15947. As long as the price stays within the rising price channel on the daily chart, the upside move could be expected to...
WTI Oil Price: Upside Move Continues
WTI has recently extended its upward trend, rising from 63.95 to as high as 79.76 and breaking above the 74.65 resistance level. This could lead to a further rise towards the key resistance level of 83.37 in...
NASDAQ Reaches New Highs, Faces Resistance at Rising Price Channel
The NASDAQ index has been on an impressive upward trajectory, extending its move to reach as high as 14540. However, it is currently facing a significant resistance level represented by the upper boundary of the rising price...
NASDAQ Shows Resilience, Eyes Higher Levels
The NASDAQ index has displayed remarkable resilience as it remains above a rising trend line on the daily chart, affirming its commitment to the uptrend that has been in place since 10665. This upward trajectory has instilled...
NASDAQ Continues Its Bullish Momentum, Eyes Higher Targets
The NASDAQ index has shown impressive strength as it extended its upward move from 10665 to reach as high as 13912, surpassing the previous high resistance at 13729. This significant breakout has caught the attention of traders...