Asian stocks were mostly up on Friday morning, tracking U.S. markets and the news that Democrats and Republicans were continuing to try and iron out a COVID-19 stimulus deal. China’s markets also came back on stream after the Golden Week national holidays.
The Tokyo market’s index Nikkei 225...
Volume Profile
Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume. Essentially, Volume Profile takes...
Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures rose to 25031 and 3020.12 respectively at the time of writing.
On the earnings front, Hibbett Sports and Viomi Technology are scheduled to release their quarterly results before...
Indicator
Value
Signal
RSI
Buy
MACD
Sell
Donchian Channel
Sell
MA(200)
Sell
Fractals
Sell
Parabolic SAR
Sell
Chart Analysis
On the daily timeframe #C-COPPER: D1 is falling below the 200-day moving average MA(200), which is falling itself. We believe the bearish...
Indicator
Value
Signal
RSI
Neutral
MACD
Buy
MA(200)
Buy
Fractals
Buy
Parabolic SAR
Buy
Bollinger Bands
Buy
Chart Analysis
We do not rule out a bullish trend if COFFEE: D1 rises above its last maximum: 113. This level can be used as an entry point. The stop loss is...
Indicator
Value
Signal
RSI
Sell
MACD
Sell
MA(200)
Neutral
Fractals
Sell
Parabolic SAR
Sell
Bollinger Bands
Sell
Chart Analysis
On the daily timeframe, SUGAR: D1 broke down an uptrend support line. Now it is moving down from its maximum since November 2017. A range...
Indicator
Signal
RSI
Neutral
MACD
Sell
Donchian Channel
Sell
MA(100)
Sell
Fractals
Sell
Parabolic SAR
Sell
Chart Analysis
On the daily timeframe #C-LCATTLE: D1 has breached below the 100-day moving average MA(100), which is rising. This is bearish. We believe...
Indicator
Signal
RSI
Sell
Parabolic SAR
Sell
Bollinger Bands
Sell
MACD
Sell
MA(200)
Neutral
Chart Analysis
On the daily timeframe, the DJI: D1 breached down the short-term support line of the uptrend. A number of technical analysis indicators formed sell signals...
Indicator
Value
Signal
MACD
Sell
RSI
Buy
MA(200)
Buy
Parabolic SAR
Buy
Bollinger Bands
Buy
Chart Analysis
The AUDJPY is in a rising channel above the 200-day moving average line. Some indicators have formed buy signals. The bullish momentum may continue in case AUDJPY...
Euro-zone manufacturing decline bearish for EURUSD
Euro-zone manufacturing sector continued contraction in November, albeit at the slowest rate for three months. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling below the...
Subdued German activity bearish for EURUSD
The Composite PMI in Germany for November remained below 50 despite edging up for the second month. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling toward the 200-period moving...
US sugar shortage possibility bullish for sugar price
Bad weather raises possibility of sugar crop shortage in US. Will the sugar prices continue gaining?
Bad weather has raised the possibility of sugar crop shortage in US. Beet producers Western Sugar Cooperative and United Sugars Corp...
Euro-zone growth forecast downgrade bearish for EURUSD
European Union lowered growth forecasts for the euro-zone on global trade tensions. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is rising toward the 200-period moving...
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