Nvidia Technicals: Buyers are making a play and testing the all-time highs.

Nvidia Technicals: Buyers are making a play and testing the all-time highs.

The price of Nvidia is stretching toward its all-time high despite a down day for the broader US stock indices. Shares are currently up $2.70, or 1.12%, at $231.00. The intraday high reached $234.76, putting the stock less than $2 from its record high of $236.54. Technically, the combination of the nearby all-time high and […]

Nvidia Technicals: Buyers are making a play and testing the all-time highs. Read More »

Buyers in crude oil had their shot to take price higher from a technical perspective and they missed.

Buyers in crude oil had their shot to take price higher from a technical perspective and they missed.

Crude oil futures are moving higher today, currently trading at $85.41 — up around $2 on the session. The high extended to $86.79, the best level since August 21. At session highs, the price was testing the key 100-day moving average at $86.73. Buyers briefly pushed price above that MA, but momentum faded fast and

Buyers in crude oil had their shot to take price higher from a technical perspective and they missed. Read More »

EUR/USD Analysis – August 28: Kevin Warsh Reaffirms the Fed’s Focus on Inflation

EUR/USD Analysis – August 28: Kevin Warsh Reaffirms the Fed’s Focus on Inflation

The wave count on the four-hour chart for EUR/USD is becoming more complex. There is still no question of canceling the bullish trend segment (bottom chart) that began in January last year. On the contrary, we have seen a complete A-B-C corrective structure, which is most likely finished. We never saw a convincing wave 5

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