Month: October 2022

The RBA just surprised the markets with its 25 bps interest rate hike! Will the event push AUD/USD above its Double Bottom pattern? Check out what’s cookin’ on AUD/USD’s 4-hour chart: AUD/USD: 4-hour AUD/USD 4-hour Forex Chart In case you missed it, the Reserve Bank of Australia (RBA) raised its interest rates by 25 basis points to 2.60%… Continue reading Forex Watchlist: AUD/USD’s Double Bottom Swing Setup

Another day, another plot twist for Twitter Inc. shares! Is the stock price finally ready for a bullish run with the latest developments? Twitter Inc. (TWTR): Daily Twitter Inc (TWTR) Daily Chart Never a dull moment with Twitter and my buddy Elon these days, huh? In the latest turn of events, just fresh after tweeting… Continue reading Equities Watchlist: Twitter Inc. (TWTR) Bracing for a Big Rally?

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… Continue reading Commodities Watchlist: Brent Crude Oil’s Downtrend Retracement

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… Continue reading Commodities Watchlist: Silver (XAG/USD) Breakout and Retest Setup

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… Continue reading Equities Watchlist: Nasdaq Just Dropped to New 2022 Lows. Now What?

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… Continue reading Forex Watchlist: EUR/CAD Bullish Pullback Levels

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… Continue reading Forex Watchlist: USD Has Room for Pullback Ahead of the U.S. CPI Release

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… Continue reading Commodities Watchlist: Is WTI Crude Oil in for More Losses?

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… Continue reading Forex Watchlist: GBP/JPY Is Testing a Key Resistance