The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD? The daily price broke Ichimoku cloud to below for the primary daily bearish reversal: the price is 0.6770 support level for the bearish trend to be continuing or for the secondary ranging market condition to be started. more...
A lot of press attention has been rightly focused on Intel’s long-awaited launch of its Arc discrete GPUs. As you are well aware, there have been many delays, and now that it’s September we still don’t have a firm launch date, pricing, or any specific information on its high-end GPUs. The company had previously stated these GPUs would launch “later this summer,” which ...
Here is a new article from our series which is for beginners to learn about a new technical tool and how to design a trading system based on simple strategies. It is the Variable Index Dynamic Average (VIDYA) indicator. This indicator is one of the trend-following indicators that can be used in our trading and the concept of this term means that this indicator follows the trend. So, it is a lagging indicator and it means that it moves after the ...
Gold prices rebound off psychological support at a critical juncture that has provided a pivot point for the imminent move. The daily price crossed symmetric triangle pattern to below for the primary bearish trend to be continuing and it was stopped by support level at 1688 and psy level at 1700: the price was bounced from those levels to above for the secondary ranging to be started. more...
For months now, Jerome Powell and the Federal Reserve have been raising interest rates in the hope of slowing the job market. more...
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