Author: misamaliraza94
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Commodities Watchlist: Brent Crude Oil’s Downtrend Retracement
So OPEC and friends are cutting their oil output. Will the decision help bust Brent crude oil from its months-long downtrend? Let’s check out UKOIL’s 4-hour chart: Brent Crude Oil (UKOIL): 4-hour Brent Crude Oil (UKOIL): 4-hour In case you were too busy reading about Gigi Hadid’s latest drama with Ye, you should know that…
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Commodities Watchlist: Silver (XAG/USD) Breakout and Retest Setup
Missed the bullish breakout on silver recently? This short-term pullback might be your chance to hop in the new trend! Here’s where more buyers might be waiting. Silver (XAG/USD): 4-hour Silver (XAG/USD) 4-hour Chart Reversal alert! This precious metal busted through the neckline of its double bottom AND the long-term descending trend line that’s been holding since…
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Equities Watchlist: Nasdaq Just Dropped to New 2022 Lows. Now What?
The Nasdaq stock index just dropped to new 2022 lows! Is it time to start bargain hunting? I’m checking out NAS100’s weekly chart for clues: Nasdaq 100 (NAS100): Weekly Nasdaq 100 (NAS100) Weekly Chart In case you missed it, the Nasdaq U.S. stock index just made new 2022 lows. You don’t have to look far…
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Forex Watchlist: EUR/CAD Bullish Pullback Levels
Anyone up for a classic break-and-retest play? This might be a good chance to catch the new trend on EUR/CAD. Here are the correction levels I’m watching on the pair’s 4-hour time frame. EUR/CAD: 4-hour EUR/CAD 4-hour Forex Chart This pair just breezed through the resistance around the 1.3300 handle a few days back, which…
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Forex Watchlist: USD Has Room for Pullback Ahead of the U.S. CPI Release
Think you’re ready for tomorrow’s U.S. CPI report? Not before you see where the U.S. dollar index is trading ahead of the release! See, the U.S. dollar has been in an observable uptrend since the start of the year but it wasn’t until early August when price patterns started showing an ascending channel. On a technical basis, the dollar has…
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Commodities Watchlist: Is WTI Crude Oil in for More Losses?
Who do you think is having a worse week? Ye whose brand Yeezy got canceled by its bank JP Morgan Chase? Or OPEC+ members who are looking at today’s U.S. crude oil prices? I’m sure we’ll soon find out how Ye feels about JP Morgan Chase but for now OPEC+ members must NOT be liking the…
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Forex Watchlist: GBP/JPY Is Testing a Key Resistance
GBP is having a good week against JPY! Will the party end at the top of a technical range? Check out Guppy’s 4-hour chart to see what I’m talking about! GBP/JPY: 4-hour GBP/JPY 4-hour Forex Chart In case you missed it, GBP saw a redemption arc mid-week when word got around that the Bank of England…
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Quiz: What Is Your Trading Style? Discretionary? Mechanical? Both?
Some forex traders live and die by technical indicators while others couldn’t care less about them. Some rely heavily on their own fundamental or technical analysis while some like to let robots do the thinking. This test is designed to help you determine whether your personality suits discretionary, hybrid or mechanical (automated) trading. Take the results with a grain of salt. The…
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Quiz: What Is Your Level of Trading Experience?
Are you a noob struggling to make sense of all the seemingly complicated trading concepts? Or are you an expert trader searching for bigger challenges? There’s an overwhelmingly large amount of information out there and we don’t want you to get lost! That’s why we decided to come up with this quiz that will help…
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Quiz: Which Currencies Should You Trade?
Each currency pair is unique. As Dr. Pipslow said about finding your trading niche, each set of currency pairs has its own behavioral tendencies that set it apart from the others. It is important to match your personality with the behaviors of the pairs you trade. We already talked about the majors, the comdolls, and the crosses in…