Category: Area
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BofA says Trump will backstop stocks this year, but to closely watch one key area of the market
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Angela Weiss/AFP Bank of America sees penny stocks as a leading indicator to watch in the broader stock market. High concentration in a few stocks and high valuations are limiting the stock market’s upside, Bank of America said. Small-cap stocks face challenges from rising interest rates, which impacts non-profitable companies.…
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Chart Art: WTI Crude Oil (USOIL) Testing Mid-Range Area of Interest
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WTI prices appear to be stuck around the middle of their range at the moment! Is it about to bounce back to support soon or is it about to continue its climb to the top? Take a look at the near-term turning points I’m watching on the 4-hour time frame:…
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12 Steps to Improve Road Safety in Your Area
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Improving road safety is essential to ensuring the well-being of residents in any community. To make a difference and reduce accidents, it is important that individuals, organizations and government agencies work together. In this guest post we’ll discuss 12 practical steps you can take to improve road safety in your…
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Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
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Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…
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Chart Art: Bitcoin (BTC/USD) Is Near A Long-term Resistance Area!
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Bitcoin has had a good month of October so far, rising from lows of $60,400 to current levels near $67,650. Can the OG cryptocurrency rely on “Uptober” to consistently push BTC/USD above the key technical resistance zone? We take a closer look at the daily chart! Bitcoin (BTC/USD) daily Chart…
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Chart Art: Bitcoin (BTC/USD) Is Near A Long-term Resistance Area!
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Bitcoin has had a good month of October so far, rising from lows of $60,400 to current levels near $67,650. Can the OG cryptocurrency rely on “Uptober” to consistently push BTC/USD above the key technical resistance zone? We take a closer look at the daily chart! Bitcoin (BTC/USD) daily Chart…
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NZDUSD moves back into swing area and between 100/200 day MAs going into the weekend.
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NZDUSD has been trading above and below the 100-day moving average this week but above the 200-day moving average (green line) until the Reserve Bank of New Zealand’s interest rate decision mid-week. The central bank cut interest rates by 50 basis points sending the pair below the 61.8% level but…
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Chart Art: WTI Crude Oil (USOIL) Is Testing A Key Area Of Interest!
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After the sharp rise seen earlier this week, US crude oil prices are back in the main area of concern. Is the second time a charm for WTI bulls? We take a closer look at the 4-hour time frame! West Texas Intermediate (USOIL) 4 hours Chart by TradingView In case…
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EURUSD buyers take the price up to overhead swing area resistance
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EUR/USD started the day with a volatile up and down price movement. The price has been trading above and below the 100/200 hourly moving averages indicating uncertainty from buyers and sellers. In the morning video, I talked about the uncertainty of buyers and sellers due to volatile price action. A…
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Chart Art: WTI Crude Oil (USOIL) Still Stalling Around Area of Interest!
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WTI Crude Oil Traders Can’t Make Up Their Mind! The energy commodity is still trading in its visible zone of interest on the 4-hour time frame, with several inflection points extending across the area. Will the trend continue in the long term? Crude Oil WTI (USOIL) Forex 4 Hours Chart…
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Chart Art: Bitcoin (BTC/USD) Is Approaching a Major Resistance Area!
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Risk-off and anti-USD sentiment contribute to Bitcoin’s gains against the US dollar! How high will BTC/USD go before the native cryptocurrency returns to its long-term bearish trend? If the downtrend is rising, it is possible to do so at these levels: Bitcoin (BTC/USD) Daily Chart by TradingView Unless you’re too…
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Chart Art: Trend Resistance Area For GBP/NZD
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Trend traders gather! The GBP/NZD pair could head into a downtrend as it struggles to record fresh September highs near a key resistance area. Will this extend the pair’s downtrend that has been going on for months? GBP/NZD currency pair on the 4-hour chart Chart by TradingView The New Zealand…
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Chart Art: Potential Resistance-Turned-Support Area For Gold (XAU/USD)
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Spot gold appears ready to extend the uptrend with long wicks emerging near the previous resistance area. In case you missed it, risk aversion was the name of the game yesterday as traders fretted over global growth and the possibility that the Federal Reserve would need to cut interest rates…
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Chart Art: EUR/CAD Long-Term Area of Interest
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I see a writing breakout and retest position on the daily chart of EUR/CAD! Will the potential support area hold or will we see a breakout this time? EUR/CAD Daily Currency Pair Chart by TradingView Last week’s rise in crude oil prices helped support the commodity-linked Canadian dollar against most…
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Chart Art: EUR/CAD Long-Term Area of Interest
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I see a writing breakout and retest position on the daily chart of EUR/CAD! Will the potential support area hold or will we see a breakout this time? EUR/CAD Daily Currency Pair Chart by TradingView Last week’s rise in crude oil prices helped support the commodity-linked Canadian dollar against most…
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Chart Art: Make Or Break Support Area For USD/CAD
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USD/CAD is showing red candles below the key technical support area! Are we looking for a breakthrough? Or are the dollar bulls about to step in and say, “Not today, bears!”? USD/CAD Daily Currency Pair Chart by TradingView The US dollar fell sharply in August, helped by US data and…
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Chart Art: Make Or Break Support Area For USD/CAD
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USD/CAD is showing red candles below the key technical support area! Are we looking for a breakthrough? Or are the dollar bulls about to step in and say, “Not today, bears!”? USD/CAD Daily Currency Pair Chart by TradingView The US dollar fell sharply in August, helped by US data and…
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Chart Art: Silver (XAG/USD) Approaching an Area of Interest
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Precious metals have been experiencing sharp fluctuations as the market mood continues to change these days. What’s next for silver as it prepares to test the previous support area? Silver (XAG/USD) Daily Chart by TradingView Risk-on flows since early last week have kept silver below the $30,000 support area, which…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
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The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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Chart Art: WTI Crude Oil (USOIL) Closing in on Area of Interest
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Crude oil has been on a sharp rise these days, but can it sustain its gains beyond this longer-term area of interest? Take a look at these turning points I am watching on the 4-hour time frame. Crude Oil WTI (USOIL) Chart by TradingView Geopolitical tensions are back in the…