The U.S. 10-year Treasury yield is hovering just beneath the 4.34% resistance level, with price forming a tight ascending triangle just under this key level. Today’s pullback to 4.31% (-0.74%) suggests hesitation from bulls as momentum indicators turn mixed.
🔹 MACD is flat, showing a lack of directional conviction.
🔹 RSI sits at 47.94, neutral and...
Gold prices are holding firm above $3,000, with the metal last trading near $3,021.80, up 0.33% on the day. The broader trend remains bullish, supported by an ascending trendline and the 50-day SMA around $2,881, but price action has flattened out in recent sessions.
🔹 MACD is still above zero, but fading slightly—momentum may be cooling.
🔹 RSI at 65.63 is...
USD/JPY has slipped to 149.67, down 0.66% on the day after stalling near the top of a rising channel. The pair failed to reclaim the 50- and 200-day SMAs, which remain tightly aligned near 151.7, now acting as resistance.
🔺 Price is still inside a short-term rising channel, but today's bearish candle suggests waning momentum.
📉 MACD remains in bearish territory,...
WTI has risen in the last couple of weeks after staging an oversold bounce from around the key $65.00 long-term support level at the start of the month. However, it is now testing a key resistance area between $69.15 - $70.00 range, which is where WTI last sold off from. It is a pivotal zone. Given the underlying long-term bearish trend, I am more inclined to look...
Bitcoin traders should be alert to the risk of renewed downside with the price forming a rising wedge pattern that often signals weakness ahead. While it's holding for now, the narrowing range suggests price momentum is fading, increasing the risk of a breakdown.
If the signal proves accurate, traders could establish shorts beneath wedge support with a stop above...
Downtrend resistance that has thwarted AUD/JPY bulls since November is under attack on Tuesday following the completion of a three-candle morning star pattern. The bullish signal increases the probability of a retest of the equally formidable 50-day moving average, especially with momentum indicators like RSI (14) and MACD skewing higher.
A decisive break of the...
The 1.0943 level held the highs again last week into the FOMC rate decision, and with a pullback developing over the past four trading days, the stalling from buyers has become quite evident. The big test, however, is whether bears can push through a couple of key supports that are just below price: The 1.0750 psychological level continues to loom large, and...
Amazon stock has gapped higher along with several other tech firms as investors rushed back into riskier assets following reports that Trump's upcoming tariffs will be more targeted than initially thought.
AMZN broke its bearish trend line after finding good support lats week at $190 key support level. If the gap now gets filled, then dip buyers might emerge near...
From a weekly time frame perspective, oil prices have continued to respect the boundaries of a declining channel since the 2022 highs, reaching three-year lows in 2025, in alignment with the long-standing support zone between $64 and $66 that has held since 2021.
After recently rebounding from the $65 level, a decisive close below $63.80 would confirm further...
In just three trading sessions, the stock of the Chinese electric vehicle company has dropped more than 14%, now hovering around $4.50 per share. The ongoing bearish move remains steady after the company reported a net loss of approximately $985 million and weaker-than-expected sales of $2.7 billion, compared to the $2.8 billion forecast. These disappointing...
Shortly after surpassing the key $3,000 per troy ounce level, gold continues to trade with gains of over 1.5% in the past three trading sessions. Buying pressure has remained steady as risk appetite has declined due to concerns stemming from the ongoing trade war. This situation has allowed gold to capitalize on its safe-haven status, attracting demand that...
Meta has moved back above the key $600 level after holding the 200-day average test. Today the stock has broken its short-term bearish trend line, too. A close above the trend line should be a positive technical development for the stock, making it one to watch in the days ahead.
By Fawad Razaqzada, market analyst with FOREX.com
The ducks may be lining up for a resumption of the USD/JPY downtrend.
Firstly, it remains in a defined falling channel. Secondly, Tuesday’s reversal delivered a bearish pin candle, often seen around market tops. Thirdly, the rebound from last week’s lows resembles a bear wedge pattern, warning of a potential downside break and resumption of the bear...
Since March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies.
Today, the market...
Both oil contracts are now lower on the day, giving up earlier gains. From the day's high, WTI is now 2.8% lower and counting as prices test the day's lows. Oil prices moved lower on hints/hopes of peace from the just-finished Trump & Putin talks. The rationale here is that any peace progress would increase the chances of removing sanctions on Russian oil...
The Germany 40 (DAX) continues its impressive rally, climbing to 23,378.7, up 0.60% on the session. The 50-day SMA (21,954.8) remains firmly below price action, signaling sustained bullish momentum, while the 200-day SMA (19,713.1) provides a solid long-term support base.
Momentum indicators support the uptrend:
✅ MACD remains in bullish territory, showing...
USD/CHF remains under pressure after breaking below the 200-day SMA (0.8815) and failing to reclaim it. The pair has formed a bearish flag pattern, indicating the potential for further downside. The next key support level sits at 0.8750, which, if breached, could accelerate selling pressure.
Momentum indicators confirm the bearish outlook:
📉 MACD remains in...
EUR/USD has surged higher, reclaiming both the 50-day (1.0493) and 200-day SMA (1.0272), signaling a shift toward bullish momentum. The pair is now testing a critical resistance level at 1.0940, which previously acted as support before the late-2024 decline.
Momentum indicators confirm strong buying pressure:
📈 MACD is crossing into positive territory,...
