According to TradingShot from tradingview, we could be geared for a bullish few weeks and the monthly candle can close green. Price has made a new Lower Low on the blue Channel above. The bottom of the channel is also aligned with the -0.236 Fibonacci extension. The expectation here is a bounce and price will move …
Author Archives: TradeThisChart
Chart – US Inflation Rate Testing a 100 Year Old Trend-Line. What Happens to the Stock Market Next?
According to TradingShot from Tradingview, the Inflation Rate (orange trend-line) is testing a 100 year old trendline. The last time it was there was the around April 1980! This all started back in July 1920 where the reading was around 24. The next lower high came in around 1947 in May at around 20. Connecting …
ICMarkets Review – 5 Things that You Should Know Before Joining
ICMarkets is an online Forex brokerage firm based in Australia and they specialize in providing Forex trading services to its members. Along with Forex trading, they also offer many CFD trading products as well. They are a global online brokerage company, but they do not all countries are currently being serviced by them. ICMarkets system …
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