February 24th – Today’s Trading Tips & Market Analysis

See Today’s Trading Opportunities Below – Watch The Video For Full Market Analysis

1 – The EUR/USD pair fell slightly during the session on Monday, but remains in a very tight consolidation pattern. Because of this, if we rally a bit from here it should be a nice put buying opportunity as the market should continue to hang about the same region. This is a necessarily something that you can trade from the longer-term charts, but short-term charts could continue to offer a bit of range bound opportunities in the market.

2 – Silver (SLV) markets look interesting as they fell initially during the session on Monday, only to find massive support at the $16.00 handle. By doing so, we broke above the $16.50 level later in the day and are starting to show significant signs of positivity. The $17 level should be targeted next, but there is a significant amount resistance between here and there. That being the case, we feel that buying calls on short-term pullbacks will continue to be the way going forward.

3 – The GBP/USD pair initially fell during the course of the session on Monday, but found enough support in order to go higher during the day. Ultimately, we broke back above the 1.54 level and it looks as if we are ready to go to the 1.55 handle given enough time. However, expect a lot of noise between here and there so it’s very likely that this market will continue to be difficult to trade.

4 – The S&P 500(SPX) fell slightly during the session on Monday, testing the 2100 level. This general region should have a lot of support in it, and as a result it’s very likely that the buyers should step back in on short-term charts as we pullback. We are looking for call buying opportunities below as we believe the S&P 500 will continue to go higher.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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