Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

Oil (Brent Crude, WTI) Analysis US API crude inventory data posts sizeable rise, EIA data delayed to next week Oil sell-off sees the commodity (Brent) trading below the key 200 SMA WTI trading in a similar fashion with the 200 SMA holding as resistance The analysis in this article makes use of chart patterns and

AUD/USD Extends Bearish Reversal in Fakeout Fallout

AUD/USD OUTLOOK: AUD/USD extends pullback after failing to clear overhead resistance around the 100-day simple moving average The breakout that took place last week appears to have been a fakeout This article looks at AUD/USD’s key technical levels to watch in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter Receive

Absolute High Low – Trading Strategies – 8 November 2023

 https://www.mql5.com/en/market/product/98525 Mastering Entry and Exit Points with the Absolute High Low Indicator Introduction In the world of trading, one constant remains: the pursuit of better tools and strategies to improve one’s trading decisions. Traders often seek indicators and systems that can help them identify market extremes, and one such tool that has gained popularity is

S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?

SP 500 & NAS100 PRICE FORECAST: NAS100 and SPX Both Face a Key Resistance Test if the Rally is to Continue. A Slew of Earnings to Come After Market Close Could Push US Indices Past Key Resistance Levels. IG Client Sentiment Shows that Retail Traders are Net-Short with 59% of Traders Currently Holding Short Positions

$1950 Key Support Approaches as Bears Eye Further Downside

GOLD (XAU/USD) PRICE FORECAST: MOST READ: GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD Post UK CPI Gold prices are under renewed selling pressure today as hawkish comments from Fed policymakers reigned in the recent hopes that the Fed are done. Market participants had hoped that Fed Chair Powell might strike a different tone in his

Trend lines – Analytics & Forecasts – 9 November 2023

Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter. The best test of whether a trend line is a valid one is usually whether it looks like a good line. In an