Today's focus: NASDAQ (NDQ100)
Pattern – Continuation
Support – 15,015
Resistance – 15,435
• The Nasdaq led US indices on Monday, adding 1.05%
• Could this be the start of a new continuation higher?
Hi, and thanks for checking out today’s analysis. Today, our focus is on the NDQ100 index, and we are watching to see if yesterday’s rally and support hold could be...
Today's focus: Palladium
Pattern – Descending triangle / Range
Support – 1223
Resistance – 1320
• Palladium added 4.37% on Thursday
• Palladium and Platinum ignored USD strength to finish firm on Thursday.
Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also...
Today's focus: USD Index
Pattern – Ascending Triangle
Support – 95.68
Resistance – 96.32
Today, we look at the USD index as price continues to trade rangebound after fighting back from a two-day decline. Could today’s CPI data break the deadlock and give the market some direction?
Traders will be watching to see what today’s data could do for rate rise...
Bitcoin analysis with FMOC to come
Today's focus: Bitcoin
Pattern – Support break
Possible targets – 30,345 US – 27,500 DS
Support – 29,092 minor
Resistance – 30,344 – 31,360
With the FOMC coming out tomorrow morning and rates expected to rise by 25 points, will we see straight sets with the Fed still remaining hawkish? With Bitcoin looking rather vulnerable...
Today's focus: AUDUSD
Pattern – HL
Possible targets – 68.11 – 68.85
Support – 67.17
Resistance – 67.75
Could we see further upside from the AUDUSD? Currently price is bouncing off short-term support. This could continue if some of this week's key news goes in favour of risk markets. The USD has had a solid run recently but could any hints at future rant holds...
Master the markets with Stuart McPhee's expert analysis! Watch his Week Ahead review for informed trading decisions for the upcoming week. Don't miss this educational journey into technical analysis.
Today's focus:
Pattern – Continuation
Possible targets – 1978.50
Support – 1952.70
Resistance – 1965.55
Hi traders, and welcome to today’s update. After buyers held support on Monday, gold looks to be edging at new continuation in its current stage 1. Signs continue to favour buyers after they broke out of the medium-term downtrend last week.
We want to see...
Prepare yourself for Stuart McPhee's Trade Zone Week Ahead as he explores the potential technical influence of last week's events on the charts for the new trading week. Join for educational insights on emerging trends.
Today's focus: Oil
Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –
After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers...
Today's focus: XRP
Pattern – Breakout
Possible targets – .90 – 1.00
Support – .52 - .54
Resistance – .90 - .92
XRP soared on Thursday after Ripple Labs won a partial victory in their court case with the SEC. This is a big deal for the crypto industry, lifting the broader market. A judge ruled in favour of Ripple that they didn’t violate federal securities law...
Today's focus: Nasdaq /NDX100
Pattern – Ascending Triangle
Possible targets – 15,600, 16,500
Support – 15,000
Resistance – 15,220, 15,250
Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a...
Gold: Price levels and price analysis
Today's focus: Gold
Pattern – Trend break
Possible targets - 1965
Support – 1905
Resistance – 1932.80
As the USD continues its decline since last Friday’s employment data, our attention has turned to Gold as buyers continue to hold outside the downtrend. Price still sits in a range, but for now, the momentum looks to be...
Watch Stuart McPhee's Trade Zone Week Ahead update for 10.07.23, as he explored the potential impact of Friday's Nonfarm Payroll on the week's charts. Explore the technical aspects of emerging markets through Stuart's educational outlook.
Today's focus: GBPJPY
Pattern – consolidation uptrend
Possible targets N/A
Support – 182.20
Resistance – 183.75
Today’s update mainly zeros in on the consolidation presenting in the current uptrend. Price continues to hold in a range, and we have broken down the things we are watching for, either a new attempt at continuing the trend or an extension of Friday’s...
Today's focus: US30
Pattern – Ascending Triangle, low rejection, Resistance
Possible targets – 35,260 - 33,255
Support – 33,790
Resistance – 34,310
Today we have looked at the US30 after this morning’s FOMC. The Fed held rates but commented that we could see two more rises this year.
With price bouncing back after testing lower, could we see a new shot at...
Today's focus: GBPUSD
Pattern – HH HL continuation
Possible targets – 1.2683, 1.2980
Support – 1.2305, 1.2493
Resistance – 1.2640, 1.2660
Today’s focus is on the GBPUSD after buyers made another strong move higher on Wednesday. That move continues the series of HLs and HHs this is a good thing to see in the current short-term uptrend. As discussed in today’s...
Today's focus: Oil
Pattern – Descending Triangle
Possible targets – 64.06 73.22
Support – 67.05
Resistance – 72.22 74.15
Hi, and thanks for looking at today’s update. Our attention is on oil after yesterday’s sharp selling took price back to key support. This level has held firm for buyers, but could this be the fourth time lucky for sellers? So far, production...
Today's focus: JPY AUDJPY GBPJPY
Pattern – Fade Resistance holds
Possible targets – AUDJPY 92.50/92.30 GBPJPY 173.39/172.95
Support – AUDJPY 92.30 GBPJPY 173.15
Resistance – AUDJPY 93.30 GBPJPY 174.20
Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing...
