Recent content by Prime Academy

The week is off to an intriguing start with a promising setup on the American Dollar to Canadian Dollar (USD/CAD) pair. Last week's close left us with a bullish engulfing pattern on the daily chart, a classic signal indicating potential upward momentum. This pattern, marked by a green rectangle...

In today's analysis, I would like to discuss COCOA, a commodity we've highlighted several times on our portal. Recently, COCOA appears to be making a solid return to its bullish trend. Earlier this year, COCOA experienced a strong upward movement, peaking in mid-April. Since then, a corrective...

Yesterday, we observed fascinating moves on the indices. Initially, prices collapsed sharply in the first half of the day. However, as American traders returned to the market, prices surged significantly higher. On the German DAX, a crucial horizontal support level at 18,390 points, which had...

In today's analysis, let's delve into Bitcoin's current technical landscape. Recently, Bitcoin has been heading lower, but this trend might soon find a pivot point. Over the past few weeks, Bitcoin has been trading within a well-defined rectangle pattern, marked in yellow. This pattern is...

Today, palladium is experiencing a significant upswing, but it's essential to understand the context of this movement. In the midterm and long term, palladium has been in a downtrend. However, at the beginning of May, a bullish correction began, forming a flag pattern marked by orange lines...

In today's analysis, let's examine the EUR/CHF pair, which has recently provided a strong buy signal. This year has been outstanding for EUR/CHF, with the pair recovering from the lows of late last year to reach new yearly highs. The previous week was particularly significant as the price broke...

Following the release of CPI data that showed inflation coming in slightly below expectations, the oil market has exhibited some intriguing technical formations that suggest a potential bullish trend. The decrease in the CPI was enough to weaken the dollar, which in turn has had a positive...

In today’s technical analysis, we delve into Bitcoin’s current market dynamics as we conclude the week, highlighting a potential shift that could signal a change in the cryptocurrency's recent downward trend. Overview of Bitcoin’s Market Position: Bitcoin has been caught in a downtrend since...