Down below you can find technical analysis on various financial markets. You can use it as an inspiration or learning material. However, it isn't by any means financial advice or investment recommendation. You should always trade by your own decision!
I don't overcomplicate my technical analysis, because the simplier the better. Always look for price action basic structures and then use indicators and other tools. Hope you take as much as you can from my work. Be the best!
XAU/USD is still trying to reach higher prices, but it doesn’t have much strenght left! Price is still locked in the bearish wedge, which could signal pullback or reversal. I’m definitely short bias, because gold isn’t that type of market that goes only up! As you can see down below, there is bearish divergence on every one of listed...
I’ve got an intraday trade idea for you! It seems like that USDX made a Head and Shoulders (S1; H; S2) pattern on 4-hour timeframe. Price is testing broken level just now! There can be found also opportunities on EUR/USD and XAU/USD due to high negative correlation with USDX. Use this idea only with your trading strategy, don’t just jump...
In previous technical analysis on SP500 I was expecting big short and it happened. It looks that this rally up was just a correction. This week can price test some of broken levels and then continue to decline. I believe that marked support is a safe price target. However, this week’s news will have bigger impact on markets, so...
WTI (OIL WTI) is known for high volatility, this applies mainly for the last 12 months or so. We can see that the price failed to break the bearish trendline and continues in downtrend. Now it’s the only question, how low can price drop? From a long-term view is price around 64 USD pretty reasonable. The most important information...
Gold (XAU/USD) just entered the possibility of bigger correction. Price action shows, that on Friday price tested the broken trendline. This break through is confirmed by higher volumes and lower volumes on the pullback. There is a bearish divergence on RSI and MACD is also declining. Bears are under 0 and they’re gaining power. So, we have lot of...
Technical analysis purely on the price action is simple for this week. EUR/USD may found the medium-term top and then a correction is expected. I would recommend to enter your short positions, when the price tests broken level. Be patient and decisive. Another scenario is that price will stay between 2 current levels (marked as "Resistence" and...
US dollar has been always most important currency for traders. Most of transactions on the capital markets are made in USD. Strenght of dollar has a big impact on prices of instruments quoted in USD. As we see on Bulls and Bears indicator, there is a big divergence, so if the price manage to break a bearish trendline, I would...
