Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 671.75Pivot: 660.00Support: 636.00Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing low is.Alternative […]
Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 174.35Pivot: 163.80Support: 154.30Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.Alternative […]
Bitcoin Forecast: Potential Jump Ahead
Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen.The […]
Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:3.9600Pivot:3.6885Support:3.5545Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.Alternative Scenario:Price may […]
How to Trade the Non-farm Payroll Report for Potential Forex Gains
Tyson and Chris are the creators of the groundbreaking Equities on Demand training program, which seeks to help you master your equities and options trading game. For more information, watch our Equities on Demand video here. The markets move in tandem with the economy. Any positive or negative reporting in key economic numbers or an […]
Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:1535.00Pivot:1492.25Support:1457.75Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is.Alternative Scenario:Price may head […]
EURO FX Futures ( 6E1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 1.07670Pivot: 1.05085Support: 1.03315Preferred Case:Looking at the H4 chart, my overall bias for 6E1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down to break the pivot at 1.05085 where the previous […]
Fed, Dollar Moves, & How to Trade USD Setups for Potential Profits
In today’s issue, we talk about Fed’s interest rate hikes, how they affect the dollar, and what we think your trading strategy should be in this market. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active SmartTrader users. […]
Palladium Futures ( PA1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:1835.0Pivot:1744.0Support:1656.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the pivot at 1744.0, where the 50% Fibonacci line is, before heading towards the […]
Pro Tip to Target Profit from the Potential Dollar Rush in 2023
Whether you’re a new or experienced trader pursuing your dream lifestyle, joining a trading room could help show you the skills you need to master virtually any market strategy. Click here to meet some of Market Traders Institute’s top analysts and discover what makes each of their trading rooms so unique. —– Let’s talk […]