Summary
Discover how old fashioned technical analysis can contribute to your analysis and trading. We will look to today's market averages and interpret them accordingly to the Dow Theory. Familiarize yourself with concepts like confirmation, divergence, reaction, lines, volume, and others, which can be of use in any technical approach to financial markets.Latest Live Videos
Editors’ Picks
EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100
EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.
USD/JPY: Bulls await a breakout of consolidation, DXY weighs
USD/JPY's correction is not done yet as the price chips away at the 10-EMA where is meets the 20-EMA in the vicinity of the 38.2% Fibonacci retracement of the daily bearish impulse.
GBP/USD: Monday’s bullish pin bar keeps buyers hopeful
GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. The Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily chart. Monthly resistance line adds to the upside barriers.
XAU/USD fades recovery moves below $1,850, awaits fresh clues
Gold eases from the top of an immediate $10 trading range while declining to $1,837 at the start of Tuesday’s Asian session. The yellow metal took a U-turn from the lowest since December 01 the previous day as the US dollar stepped back after refreshing the one-month high.
WTI looks for clear direction near one-week low around $52.00
WTI fades recent corrective pullback from $51.80 while easing to $52.16 amid the initial Asian session on Tuesday. Even so, the oil benchmark manages to avoid losses despite declining to one week low the previous day.