Month: August 2019

Simple price action forex strategies and technical analysis for beginners. 📈 Learn More Strategies and Techniques: 🔔 Subscribe for More Trading Videos: What Is Price Action? Price action the price movement of a forex pair on a chart. Price action is the foundation for all technical analysis. Price action is the most popular
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CRUDE OIL PRICE FORECAST: NEUTRAL Crude oil prices remain anchored to broad-based market mood swings OPEC+ output scheme and geopolitical jitters unable to sustain gains Incoming economic data, central bank commentary to apply pressure Get our free guide to help build confidence in your crude oil trading strategy! Crude oil prices remain anchored to broad-based
Purchasing Managers’ Index data from China’s National Bureau of Statistics published on Saturday. Manufacturing 49.5 expected 49.6, prior 49.7 in contraction for the fourth consecutive month trade wars and slower domestic demand persistent negatives Xinhua (state media in China) report the NBS saying “demand moderated amid a complex economic environment” Services 53.8 expected 53.7, prior
Weekly drilling data Prior 742 was 754 Natural gas 162 vs 162 prior 904 total rigs vs 916 prior The drop in US oil drilling isn’t getting nearly enough attention. The consensus is that US oil production continues to rise dramatically from here but it don’t look that way from this report. The number of
Bulls remain in charge. The USDCHF bottomed near the opening of the week on Monday.     The price moved above its 100 and 200 hour moving averages on Tuesday.  On Wednesday and again on Thursday, those moving averages helped stall falls.   Yesterday, the price trended higher and today, we are saying an extension above last week’s high at 0.98767.  In