Global Markets: Asian Stock Markets : Nikkei down 0.24%, Shanghai Composite down 1.45%, Hang Seng down 0.36%, ASX down 0.52% Commodities : Gold at $1346.70 (-0.24%), Silver at $16.57 (-0.07%), WTI Oil at $69.69 (-0.17%), Brent Oil at $65.62 (-0.39%) Rates : US 10-year yield at 2.836, UK 10-year yield at 1.442, Germany 10-year yield … Continue reading Monday 26th March: Markets still in risk-off mode on trade tensions
EUR/USD: Weekly gain/loss: +0.51% Weekly closing price: 1.2353 Since late January, the buyers and sellers on the weekly timeframe have been competing for position within the walls of a major-league weekly supply zone at 1.2569-1.2287. In the event that the sellers gain consciousness here, we could see the unit potentially shake hands with a … Continue reading Monday 26th March: Weekly technical outlook and review
Global Markets: Asian Stock Markets : Nikkei down 4.66%, Shanghai Composite down 3.48%, Hang Seng down 3.16%, ASX down 1.96% Commodities : Gold at $1342.70 (+1.15%), Silver at $16.56 (+1.06%), WTI Oil at $69.54 (+0.91%), Brent Oil at $65.03 (+1.14%) Rates : US 10-year yield at 2.808, UK 10-year yield at 1.434, Germany 10-year yield … Continue reading Friday 23rd March: Trump’s China tariffs wreak havoc in the markets
Updated July 2020 Support and resistance, or market structure, is considered a foundation for most trading strategies. Several methods exist to identify support and resistance levels. One approach, however, calls for attention: the Quasimodo pattern, or QM. The QM is a straightforward configuration, offering both bullish and bearish scenarios. As demonstrated in figure A, you … Continue reading The Quasimodo Pattern
