After a wild and volatile summer, the S&P 500 finds itself in a tight range, coiled beneath all-time highs as we head into September—a month historically known for its weakness. The S&P 500’s recent behaviour suggests a potential breakout, but the question remains: which direction will it take?
A Roller-Coaster Summer
The S&P 500 hit new all-time highs in...
Gold traders seem to be testing the waters in an attempt to find the appetite for a new all-time high. The daily highs from this week have come to rest just below $2,529 as buyers haven’t quite found the drive to break last week’s high at $2,531. The momentum seems to be there, with the bias still firmly higher and an RSI that still has room to go before showing...
GBP/USD, known as "cable," has surged to levels not seen since early 2022, prompting questions about how much further it can climb. As both fundamental and technical factors come into play, we take a look at whether the recent gains are sustainable or if a correction is looming.
Fundamental Drivers of GBP/USD Strength
Three key fundamental drivers have...
Welcome to the final part of our three-part series on Volume Profile Analysis. In the previous segments, we covered the essentials of Volume Profile and techniques for uncovering hidden market levels. In this final instalment, we’ll explore how to trade breakouts using the concept of pockets of hot air—areas where the market moves efficiently from one high-volume...
AI powerhouse, Nvidia, is set to unveil its second-quarter earnings on Wednesday, August 28th. With anticipation running high, let's delve into what to expect from Nvidia's upcoming earnings release.
Can Nvidia Beat the Street?
Market expectations are high ahead of Nvidia’s Q2 FY2025 earnings release, with analysts projecting impressive growth figures. The...
GBP/USD is back attempting to build the gains further after snapping a 7-day winning streak on Monday as the UK was closed for a Bank Holiday. The pair climbed over 3% in that time but the gains amount to 4.4% from the lows on August 8.
Powell’s commentary at the Jackson Hole Symposium last Friday added further bearish pressure on the dollar as he all but...
The US dollar has been unable to regain the upper hand against the Japanese yen since the US data started to show signs of weakness back in early July. USD/JPY remains over 10% lower from the highs on July 11 despite having bounced off the August 5 lows.
In the grand scheme of things, the pullback has been marginal given the pair remains 40% higher than the...
Welcome to Part 2 of our three-part series on Volume Profile Analysis. While traditional support and resistance analysis focuses on the visible extremes of price action, Volume Profile Analysis offers a unique advantage: the ability to uncover hidden pockets of volume that may act as strong, yet concealed, levels of support or resistance. These levels are often...
Negative gaps leave lasting scars on price charts, often forming formidable resistance levels upon retest. As Amazon approaches the critical area formed by its August 2nd gap, let's explore two strategies for navigating this retest.
Understanding Amazon’s Negative Gap
On August 2nd, Amazon’s share price experienced a significant negative gap, opening over 12%...
Welcome to the first instalment of our three-part series on Volume Profile Analysis – a technique that has the potential to add a new dimension to your price action trading. Let’s start by exploring the fundamentals of Volume Profile Analysis, its essential components, and why it is a valuable tool in your trading arsenal.
Understanding Volume Profile...
Gold has surged to record highs, breaking past the $2,500 mark for the first time in history. But with mixed signals from the market, the question remains: Can this rally hold its ground?
Why Is Gold Rallying?
Gold's recent rally is fuelled by a mix of macroeconomic factors and geopolitical tensions that have driven investors toward the safe-haven asset. The...
The combination of improved risk appetite and growing geopolitical tensions has benefitted oil prices after their sustained pullback last week. US crude (WTI) managed to push above $80 per barrel on Monday for the first time in three weeks as buyers rushed to get in at more favourable levels after the price of a barrel dropped to $72 earlier last week.
But...
Positive risk appetite has been driving equities higher after last week’s selloff but continued geopolitical tensions in the Middle East have been limiting the losses in gold. The precious metal is up over 2.5% in the past week supported by fears of broader regional conflict in the area alongside an increase in expectations for a dovish Federal Reserve following...
Brent crude has surged more than 8% from last week’s lows, marking a significant recovery in the oil market. Let’s dive into the technical and fundamental factors driving this rally and identify the key price levels to watch in the coming days.
Geopolitical Tensions: The Catalyst Behind Brent’s Resurgence
A key driving factor behind Brent’s recent resurgence...
USD/JPY has faced intense selling pressure over the past month and is now consolidating within a tightening wedge pattern. As the pair approaches a decisive point, we explore the potential scenarios that could unfold in the days ahead.
Why USD/JPY Has Fallen
Over the last month, USD/JPY has plunged more than 9%, driven by a combination of disappointing U.S....
In Forex trading, the major currency pairs—such as EUR/USD, GBP/USD, and USD/JPY—typically capture the spotlight with their high trading volumes and substantial liquidity. However, there are times when the most compelling trading opportunities emerge not in these major pairs but in the less frequently traded cross currencies—pairs that do not include the US...
With the S&P 500 dropping more than 9% from its July highs and the NASDAQ 100 plunging over 13% during the same period, formerly market-leading tech giants like Nvidia are pulling back to long-term support levels. In this analysis, we will put Nvidia under the spotlight and identify the areas of support with the greatest confluence. We will also discuss how to...
The negative sentiment that has taken over the stock market has spilled over into other asset classes too. Commodities have seen increased volatility in recent days as traders react to fears of a possible US recession, following weaker-than-expected jobs data last Friday. Oil, which is highly sensitive to the economic cycle, has seen a sharp downturn in recent...
