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Originally developed for commodities, the Average True Range (ATR) indicator is a versatile tool used across various asset classes, like forex pairs and more. ATR helps traders gauge market volatility and make informed decisions, as ATR is essentially a moving average of a market's true range. For traders, this is essential information because it explains how...

03:38

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A squeeze may be underway in silver with a hammer candle printing on Thursday. Traders took one look at the intersection of uptrend support established in February and horizontal support at $29.66 and baulked, sparking a price reversal often seen around market bottoms. While indictors such as RSI (14) and MACD continue to provide negative signals, favouring a...

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Although oil prices were trading higher at the time of this writing, it is becoming increasingly difficult to foresee a big rally at this stage, without any supply-side shocks. WTI's price action has been quite heavy as it continues to make lower lows and lower highs. While it has held its own around the December 2023 levels of around $67.00 to $68.00 area, this...

02:04

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Whether you’re talking price action or momentum, AUD/USD looks terrible on the daily, taking out the intersection of the US election lows and downtrend support with ease on Wednesday. Momentum is with the bears; RSI (14) has cut its uptrend like a hot knife through butter while MACD has crossed over from above, confirming the bearish signal. Selling rips and...

01:36

FOREXcom Broker

Hang Seng futures look heavy. Friday’s bearish engulfing candle has been followed by two consecutive declines, leaving the price teetering just above horizontal support at 20280. With RSI (14) and MACD providing bearish signals on momentum, the inclination is to sell rallies in the near-term. It may also see a potential break of 20280 stick where so many other...

FOREXcom Broker

The SPX hit a new all-time high at the open, adding to its big gains from last week when Trump won the US election quite comfortably in the end. But the index it has since drifted lower, moving back below last week's high of 6013, potentially suggesting that the bullish momentum is fading after being up for several days. At the time of writing, it was approaching...