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Tag Archives: technical analysis

The dollar index whipsawed wildly on the back of tepid U.S. inflation

Summary: The dollar declined sharply immediately after the release of all worse-than-expected U.S. major macro data, including CPI and its core measure, retail sales for September. However, the greenback bounced back strong and recouped all of its losses in late session. The gold continued to rebound and went back above 1300. Whether or not the yellow metal’s rally could sustain will be important to watch. The forex market traded in ...

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Commodities Technical Analysis, October 16th — October 20th

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of October 15th, 2017: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 47.17 48.15 49.74 50.72 52.31 53.29 54.88 Woodie’s pivot points 2nd Sup 1st ...

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MDA: Afternoon Review of Bull/Bear Scanner Breakouts, 10/12/17

Today’s MDA Update: Published 10/10/17 10:00 am central: Traders, Here is a list of markets to review heading into the close and tomorrow’s session for bullish and bearish breakouts. BULLISH Write Up: We are still seeing more bullishness above 60 min profiles in the bull camp. We see many of these morning markets that were first-time bars turning to 2nd bars on the 60 min time frame.   There are several markets that are showing 60-minute bullishness moving into longer ...

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FOMC minutes could not reverse weakness in the dollar

Summary: The dollar index declined for the fourth trading day in a row after the release of minutes from FOMC at its September meeting which showed some FED members cautious on another rates hike by the end of 2017 and which was less hawkish than expected. OPEC forecasted higher global demand for its oil in 2018 in its latest monthly oil market report. The ...

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