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The cup and handle is a well-known chart pattern traders use to determine potential breakouts. It may be easy to spot, once you know what to look for, but there are plenty of variables to consider. This article breaks down how the pattern forms, what to look out for, and how traders implement it into…
COT Energy Charts: Bloomberg Commodity Index Speculator Bets Surge Higher
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday March 31st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. Weekly…
Chart Art: EUR/NZD’s Potential Pullback to 2.0000
After slipping from 2.0300, EUR/NZD looks ready to retest key inflection points that could set the stage for another leg higher in its longer-term uptrend. Here’s what we’re seeing on the daily time frame! EUR/NZD Daily Forex Chart by TradingView The euro took a few punches last week as mixed data and rising Russia-Ukraine tensions…
China’s exports surge 12.4% yoy in Mar, imports down -4.3% yoy – Action Forex
China’s exports jumped an impressive 12.4% yoy to USD 313.9B in March, significantly beating expectations of 4.4% yoy and marking a sharp acceleration from the 2.3% yoy growth recorded in January-February. Particularly notable was the 9.18% yoy rise in shipments to the US, likely due to front-loading ahead of tariff tensions. Exports to ASEAN also…
Gold (XAU/USD) Technical: Push up towards medium-term range resistance zone as Fed’s independence erodes
The recent price actions of Gold (XAU/USD) have started to trade firmer since last Friday, 22 August, with a gain of 1%, on increased hopes that the US Federal Reserve is likely to enact its first interest rate cut of 2025 in the next month’s FOMC meeting. Fed Chair Powell’s Jackson Hole Symposium dovish speech…
TrueReversal Pro System MT4 – Free Download
Introduction TrueReversal Pro System The forex market is known for its volatility and rapid price movements, making it challenging for traders to identify potential trend reversals accurately. Enter the TrueReversal Pro System, a non-repainting reversal indicator designed to assist traders in pinpointing market turning points. This article provides an in-depth review of this forex tool,…
