May 18 2023 🕓 5 min
Are we in a recession? The answer may surprise you
People may panic when the times are bad, but things like a long-term strategy and cash on hand can prevent people from behaving irrationally.
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
March 7 2021 🕓 4 min
Chart typology
Price charts are the most important tool for technicians. There are three main types of charts and each has its advantages and disadvantages. Charts are used to analyze the historical price movement and can be combined with other tools such as various technical indicators and oscillators. Nowadays most charting platforms offer this feature alongside different graphical formations that can be drawn on price charts. These are for example trend lines, horizontal and vertical lines and many other formations that can help in analyzing the market.
March 5 2021 🕓 5 min
Where to draw support and resistance levels on a chart?
Support and resistance levels are widely used in technical analysis to find prices at which the instrument is considered either overbought or oversold resulting in potential change of trend.