Forex traders can analyze historical correlations and leverage technical analysis to speculate on currency movements aligned with anticipated stock market trends. For example, buying USD/JPY (long USD, short JPY) if expecting the SP 500 to rise....
Technical analysis of Silver I was doing silver technical analysis today and the silver market open interest is falling which is helping the price down. The market closed above the support level and rebounded after rejecting the major support level...
Date: 03rd March 2025. The NASDAQ and Global Stocks Rebound On Tariff Optimism. Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on US products worth 155 billion CAD ($107 billion), set to take full effect at the end of the...
Looking ahead, I expect the bears to continue their downward push. I believe we are likely to see a breakout of the 161.8% Fibonacci level at 148.43. If this happens, I think the next target will be yesterday’s low of 148.11. I am closely monitoring...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis. Market prices are rising, which is very helpful in increasing the market price. The market price broke out of this momentum level and then the market price failed to align...
