Daily Digest:
w/c 4 March 2024: US stock averages higher again to end the week, prodding at record levels; upcoming week's focus on the Fed's Powell testimony before Congress and the US Employment report

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Trading financial markets is all he has ever done, every day for over 30 years.

Since 2012 Jason’s work has been published daily on the leading trading websites including FXstreet & Investing.com with over 6500 articles posted. Jason has also written a weekly technical analysis based blog with trade ideas, since 2012 for award winning broker Intertrader.

Jason has won one award in 2015. He won the FXStreet Best Buy-Side Analysis Contributor 2015.

Jason has used this experience to advise traders at the largest global investment banks, brokers & prop trading companies, including Deutsche Bank, Citibank, Morgan Stanley, Bank of America, VTB Capital, Bourse de Montreal, Intertrader, Marex Spectron, Tower Trading Group & IBI Investment House. He provides pin point entry, exit and target levels for day traders to give them the edge, helping them to maximise profits and minimise losses. The exact same written & video analysis is now available to independent traders, delivered every trading day of the year by 3am GMT.


Intermediate

Commodities analysis 8 February

Gold bearish engulfing candle on the daily chart & then the weekly chart suggested the 3 month rally in Gold just ended. Silver huge bearish engulfing candle on the weekly chart is a sell signal as we take out all the candles for the 7 weeks last week. WTI Crude April unexpectedly recovered all of … Continued

Intermediate

Forex Forecast 6 February

AUDUSD rejected the 100 week & the 500 day moving averages at 7160/80 & collapsed through support at 7060/50 on Friday for a sell signal targeting 6990/80 & 6930/20. A low for the day exactly here in fact. This is key 23.6% Fibonacci & 3 month trend line support at 6930/10. Longs need stops below … Continued

Intermediate

Stock markets daily forecast

Dax 40 March is forming a sideways consolidation as volatility decreases, which is normal in both a bull & bear trend. We do not know how long this process will take but there is definitely no sell signal at this stage. We held a range of about 250 ticks last week so there are few … Continued

Intermediate

Forex Forecasts 27/1/2023

AUDUSD we will stick with buying at support until it looks like we have a sell signal. Good support at 7065/60 (although we did not reach here yesterday). Longs need stops below 7045. Target is 7115/20 then 7160/65. A break below 7045 however risks a slide to to strong support at 7010/00. Longs need stops … Continued

Intermediate

Stock markets to rise or fall in February?

Dax 40 March is forming a sideways consolidation as volatility decreases, which is normal in both a bull & bear trend. We do not know how long this process will take but there is definitely no sell signal at this stage. FTSE 100 March holding a 3 day range from 7710 up to 7780. Remember … Continued

Expert

Daily forecasts: Commodities

Gold longs at my buy level of 1915/10 worked perfectly with a low for the day at 1911 before we shot higher to 1932 for a quick & easy 15 point profit. That’s up to 50 points profit in gold over the last week. Silver moving in the opposite direction as we plunge to 2274 … Continued

Intermediate

Commodities analysis

Gold reached the resistance at 1878/88 with a high for the week exactly here. There is no sell signal yet but obviously today’s direction will be driven by the US CPI number, with 6.4% expected. The levels for today are very clear on the 4 hour chart. Silver in a 1 month erratic sideways trend. … Continued