Newmont Mining (NEM) Support Area in Pullback Introduction In our previous article on March 20, 2022 about Newmont Mining (NEM), we mentioned the stock can soon end 5 waves up from 2015 low and see a larger pullback. Fast forward 3 months later, the stock has started the pullback and is still in the middle…
Daily Pivots: (S1) 132.98; (P) 134.20; (R1) 136.24; More… Range Trading in USD/JPY Continues Range trading in the USD/JPY pair persists as daily pivots indicate levels of support at 132.98, resistance at 136.24, and a central pivot point at 134.20. With this current scenario, the intraday bias for USD/JPY remains neutral initially, suggesting a period…
Freaky Friday: Oil’s Reversal Sends Shivers Down Spines Oh no! It’s a bear market! Last Friday was a day that sent shockwaves through the oil industry as prices took a dive, hinting at a potential reversal into a bear market. Brent losses exceeded 5% over the course of the day, leaving investors and analysts on…
ProStar Holdings Inc. Making Waves in the Geospatial Industry GRAND JUNCTION, Colo., June 20, 2022 (GLOBE NEWSWIRE) — ProStar Holdings Inc. (“ProStar®” or “the Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00) ProStar Holdings Inc. is a company that is changing the game in the geospatial industry. By providing cutting-edge technology and innovative solutions, ProStar is…
Gold got immediately congested within the $1,837 – $1,855 region following last week’s bounce off the $1,805 low. The 20- and 200-day simple moving averages (SMAs) at $1,841 and $1,818 respectively, have limited the yellow metal’s near-term advances coupled with the 23.6% Fibonacci retracement level at $1,837. The immediate focus for the commodity in the…
Get Ready for a Wild Ride: EUR/CHF Set to Challenge Key Support Level! The Swiss Franc Surges as Market Reacts to SNB’s Policy Shift Hey there fellow forex enthusiasts! If you’re trading the EUR/CHF pair, you better buckle up because things are about to get bumpy. The Swiss franc has been on a winning streak…
The “R” word: How Recessionary Winds are Impacting the Economy The “R” word is being used more and more as recessionary winds start blowing more loudly through economic data and the price actions across the asset markets. The fear of an economic downturn is palpable, as businesses and consumers brace themselves for potential challenges ahead….
Technical Analysis In Forex Trading Introduction Many people mistakenly believe that trading forex is akin to gambling, but in reality, it is far from it. With the plethora of tools available in every broker platform for analyzing the markets and studying potential market directions, trading forex is a strategic and data-driven endeavor. Understanding Technical Analysis…
