2024 Trader’s Guide to Understanding the Death Cross Pattern

Like two sides of the same coin, the death cross is the bearish version of the golden cross. A golden cross forms when the 50-period simple moving average crosses up through the 200-period moving average, triggering the breakout and uptrend. As illustrated on all charts, these two patterns can alternate back and forth since stocks don’t tend to uptrend or downtrend forever. The death cross is a chart pattern and technical analysis term that can apply to all financial trading instruments. It’s a pattern identified on a stock trading chart with two moving average indicators. QQQ fell under the 50-period moving average at $346.01 on April 11, 2022, as it proceeded to fall 28.5% for the following seven months to…

Commodity Currencies 2023: What They Are, How They Work

G10 commodity currencies are the currencies of the Group of Ten countries, which are major advanced economies. This basket is often used as a benchmark to track the performance of commodity currencies or as an investment tool to gain exposure to the commodity market. Conversely, when commodity prices fall, the currency’s value may decline as export revenues decrease. In international finance and trade, commodity currencies play an important role in shaping the dynamics of global economies. Commodity money is money that would have value even if it were not being used as money. (This is usually referred to as having intrinsic value.) Many people cite gold as an example of commodity money since they assert that gold has intrinsic value…