In this fourth instalment of our Indicator Insights series, we delve into the Modified MACD , a refinement of the classic MACD (Moving Average Convergence Divergence) introduced by Market Wizard Linda Raschke and trading author Adam H. Grimes. This modification aims to provide traders with a more streamlined and focused tool for trend reversal identification and...
Last week, we published the third instalment of our Indicator Insight’s series titled “A Different Way to Use RSI” in which we looked at using the RSI for buying pullbacks – see link at bottom of this page.
As a brief overview, the RSI dip-buying strategy looked for a trending move higher that had enough momentum to send the RSI into over-bought territory,...
As the S&P 500 achieves new highs, we delve into the conflicting factors influencing its potential sustainability.
S&P 500: Bullish Technical Backdrop
The S&P 500 rallied over 13% in the last two months of the year, driven by expectations of Federal Reserve rate cuts. However, as the new year unfolds, economic data revealing persistent inflationary...
In this instalment of our educational series, Indicator Insights, we shift our focus to the Relative Strength Index (RSI) , exploring a non-traditional approach that harnesses its power to identify strong momentum stocks.
While the conventional use of RSI is often associated with overbought and oversold conditions, our alternative method employs RSI as a...
With EUR/USD treading water within a tight range, let’s take a trip through the timeframes to explore where the balance of probability lies.
Weekly Timeframe: Tightest Range in Over a Year
Last week’s trading range on EUR/USD was tiny at less than 90 points. To put this into context, prior to last week, EUR/USD weekly average true range was 168 points. We...
Conflicting Factors Cause Volatile Start to the Year
The global oil market faces a turbulent start to 2024, navigating a complex interplay of factors that have sent prices on a rollercoaster ride. Saudi Arabia's unexpected price cuts, causing a nearly 4% drop in Brent crude on January 8th, hinted at the world's largest oil exporter's commitment to maintaining...
Trade management is tough. You’re having to make split second decisions with hard-earned money on the line. There is a great deal of column inches dedicated to trade entry, but consistent and effective trade management is often what makes or breaks a trading account.
In this second instalment of our Indicator Insights series, we’ll turn our attention to the ...
Revolutionary AI-Optimised Graphics Propel Nvidia's Breakout
After months of sideways consolidation, Nvidia’s share price broke and closed decisively above resistance during yesterday's session – potentially reigniting the stocks powerful long-term uptrend.
Nvidia, a key player in the AI revolution, had an exceptional 2023, with its stock value more than...
New Year Hangover for the FTSE
After a strong festive period, the FTSE’s first week of trading in 2024 resembled something of a damp firework…
Having rallied from the support zone in late October all the way to the resistance zone in mid-December (see chart below), the FTSE has stalled and in recent sessions started to retreat. We’ve seen the market reject...
Barclays Downgrade Takes Chunk Out of Apple
Apple's share price has started the New Year like a damp firework after Barclays downgraded the tech giant to "underweight". This downgrade was primarily triggered by disappointing iPhone 15 sales in China and the expected slowdown across various Apple product lines.
Anticipation looms around the upcoming iPhone 16...
In this 5-Part series, we'll unlock the potential of various indicators and their applications, starting with the dynamic and versatile VWAP (Volume Weighted Average Price) .
We’ll give you a simple 3-step method that uses VWAP to time your entry into emerging trends and run through plenty of worked examples. But before we get into the juicy bit, let’s start...
EUR/GBP has started to the New Year with negative momentum as prices form a bearish reversal pattern on lower timeframes…
Recent price action on EUR/GBP’s hourly candle chart indicates that this key currency cross may be starting to rollover. A clear head and shoulders reversal pattern has formed with prices breaking below the ‘neckline’ of the pattern during...
As we enter 2024, here are three UK stocks that have shown promising signs recently. Past performance is not a reliable indicator of future results
Content:
1. Centamin
Ticker: CEY
Market Cap: £1.18bn
PE Ratio (forward): 10.9
Gold is being driven higher by a weakening US dollar and this has created a tailwind for gold mining stocks.
Egyptian gold...
EUR/USD Rides High into 2024 as Dovish Fed Fuels Dollar Weakness
EUR/USD is finishing 2023 with bullish momentum as an increasingly dovish Federal Reserve has fuelled dollar weakness.
In December, the Fed kept rates on hold at 5.25-5.5% for the third consecutive meeting. Their acknowledgment of a decelerating economy and alleviating inflationary pressures has...
Welcome back to the second part of our Harmonics series. In this segment, we'll delve deeper into the world of harmonic trading by exploring the power of Multi-Timeframe Analysis.
Understanding how different timeframes align and interact can significantly enhance the precision of harmonic trading strategies.
Understanding Multi-Timeframe Analysis
We...
Oil prices have been drifting higher for the past week due to the dovish FOMC meeting and a demand forecast upgrade from the EIA. But on Thursday the commodity pulled back from the monthly highs as the Angolan oil minister announced on local TV that the country was leaving the Organisation of Petroleum Exporting Countries (OPEC). The decision was made as they...
Biggest Drop in Three Months: S&P 500 and Nasdaq Tumbles Amid Late Sell-Off
The S&P 500 and Nasdaq experienced significant declines yesterday, the largest in three months, as a late sell-off halted Wall Street's push for a record high.
The drop was driven by Big Tech stocks, which hold substantial sway over market direction. About 96% of S&P 500 companies...
The FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts had been expecting the figure to drop to 4.3% from 4.6%. Core inflation also dropped more than expected to 5.1%...
