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Dow Jones

Dow Breaks Resistance as S&P Consolidates

David Kindley Dec 7, 2023 54 0

Following a three-day run of losses for the S&P and Dow, Indices have had quite the session. As the Dow broke former swing high resistances, the S&P has remained subdued. With the news that the Fed will hold in its next…
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Technical Analysis

Intraday Analysis – USD pulls lower

Jing Ren Nov 27, 2023 65 0

USDCAD tests key floor The Canadian dollar rose after retail sales stayed in positive territory in September. The price drifted lower after hitting resistance at 1.3760 where a shooting star pattern showed a rejection of higher offers.…
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Technical Analysis

Intraday Analysis 20.11.2023

Jing Ren Nov 20, 2023 65 0

EURUSD continues higher The euro grinds higher as consumer price growth meets market estimates in October. The current sideways action suggests that the bulls are looking to hold onto their recent gains after a breakneck rally. The top…
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Technical Analysis

Intraday Analysis – USD probes support

Jing Ren Oct 24, 2023 59 0

USDCHF looks for support The US dollar drifted lower as Treasury yields pulled back from its 16-year high. The greenback has retraced half of its gains from the summer rally and is striving to hold onto its edge at the round number of…
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Technical Analysis

S&P Hits 2-Week High as 4400 is in Sight

David Kindley Oct 10, 2023 57 0

US Indices hit their highest prices in two weeks as they ignore the current tensions. With Gold and Oil rallying from Friday, it was now the turn of the American market. With US inflation figures and FOMC minutes due this week, will…
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Technical Analysis

Intraday Analysis – USD falls back

Jing Ren Oct 9, 2023 63 0

EURUSD snaps back The US dollar turned south after wage growth slowed down in September. A near three month long retreat has dented the market’s optimism about the euro but an oversold situation on the daily chart could present an…
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Technical Analysis

Intraday Analysis – USD finds strength

Jing Ren Oct 2, 2023 50 0

GBPUSD probes resistance The pound inched higher as GDP growth beat expectations in the second quarter. The pair is looking to find a bottom after a 10-week long retracement with the daily RSI deeply sunk into the oversold zone. A…
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Technical Analysis

Intraday Analysis – USD awaits catalyst 13-09-2023

Jing Ren Sep 13, 2023 56 0

GBPUSD drifts lower The pound softened after Britain’s unemployment rate showed an uptick in August. The pair continues to drift lower and limited bounces so far suggest wariness among the bulls to buy the dip. June’s low of 1.2400 is a…
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Technical Analysis

Indices Slide as Banking Crisis Continues

David Kindley Aug 23, 2023 68 0

US Indices fell in yesterday's session as declines in banking and retail stocks affected sentiment. With Fed Chair Powell delivering a key speech this week, we could see more of a dive across the board. As the S&P closes in on…
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Technical Analysis

Intraday Analysis 21.08.2023

Jing Ren Aug 21, 2023 66 0

EURUSD grinds major support The euro retreats as a fall in Euro zone inflation would ease pressure on the ECB. On the daily chart, the price is grinding July’s bottom at 1.0840 as this is a critical level to keep the bullish momentum…
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