Despite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout.
The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset.
From a...
Gold is holding above the $3,200 level, supported by a key trendline connecting higher lows from December 2024 to April 2025. This trendline currently anchors support at $3,120.
On the 4-hour chart, momentum is tilted to the upside above neutral. On the daily chart, momentum remains near neutral—reflecting a neutral-to-bullish bias. This supports the case for...
The latest rebound from head & shoulders targets on both the US Dollar Index and EURUSD was amplified by Moody’s credit rating downgrade
Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones...
Having completed a bearish reversal pattern and with bullish momentum starting to fade, traders should stay alert to the risk of renewed downside in SGX iron ore futures.
A three-candle evening star has knocked the price back below $100 per tonne, putting the spotlight on the 50-day moving average for those eyeing potential bearish setups. A clean break below...
On the back of softer U.S. inflation data and stronger-than-expected UK figures (with GDP at 0.2% vs. 0% expected and claimant count change at 5.2k vs. 22.3k), GBPUSD held above 1.32.
Bullish scenario: A clean hold above 1.3350 could push the pair toward 1.3450, with potential for new 2025 highs at 1.3750 and 1.4210, aligning with the highs of 2021.
Bearish...
USDCAD is mirroring the DXY’s broader trend — rebounding off oversold momentum levels last seen in 2021 and facing resistance due to softer US economic data.
• Bullish scenario: A break and hold above 1.4020 may open the way for gains toward 1.4080, 1.4150, and 1.4270.
• Bearish scenario: A decisive break below 1.3930 could trigger further downside toward...
The Dow has been coiling for the past few days underneath its 200-day moving average, as it watched the tech-heavy Nasdaq 100 break higher. But yesterday support at 41,780 held and this led to a strong bounce. The resulting price action created a hammer candle on the daily time frame. With this latest bull signal, can the index now break above its 200 MA and move...
GBP/USD traders should be on alert for a potential topside break, with price action resembling a bull flag formation.
Downtrend resistance comes in near 1.3340 today—a key level to watch for those considering bullish setups.
A break above that trendline would shift focus to the April 29 high at 1.3444. If cleared, there's not much standing in the way until...
For JPY-weakness I think GBP/JPY still makes for a compelling argument, especially when compared to EUR/JPY. I looked at a big spot of Fibonacci resistance that came into play earlier in the week and bulls spent three days stumbling there until sellers took firmer hold today. But - now there's another major level that's in-play and that's the 193.61 level, which...
If looking for Yen-strength, EUR/JPY makes for a compelling argument especially against USD/JPY and GBP/JPY.
the pair is spending its ninth consecutive week showing resistance at the 163.00-163.38 zone and this week, bulls had an open door to run a breakout until they got caught at the 165.00 handle. That led to a strong pullback and as you can see from the...
The weekly bar for USD/JPY is taking on the shape of a gravestone doji, and if sellers can push, this could turn into a shooting star which wouldn't bode well for bulls after three consecutive weeks of gains following the failed breakdown at the 140.00 handle.
For Friday, the 145.00 level looms large as this was support a week ago and currently holds the...
WTI crude oil has posted a drop of more than 4% in recent sessions as the market digests new announcements from OPEC+. The organization stated that current economic conditions could support growth in oil demand throughout 2025 and 2026. However, it remains firm in its decision to increase production starting in May and June, with monthly increments of 411,000...
The EUR/USD has given up the mild gains made earlier in the day to almost turn flat on the session, following the release of mixed US data. With equity indices bouncing back, we have see the EUR/USD come off its highs. But strong eurozone data from earlier today meant the sellers were not rushing in to punish the pair. Still, price action is turning a little more...
Riskier asset classes are starting to wobble following the sharp rebound from April’s lows. With signs the correlation between U.S. bonds and the dollar is strengthening again, it suggests the ‘sell America’ trade may be creeping back into favour—potentially an environment where the euro outperforms higher beta currencies.
With EUR/AUD testing horizontal...
The EUR/USD sell-off took a big step forward on Monday. Before that, we had a break of a descending triangle as sellers finally took out the Fibonacci level at 1.1275. But sellers weren't able to make much ground below 1.1200 last week and the breakdown remained short-lived until sellers took control on Monday. As I wrote in the post on Monday, chasing the pair...
USD/JPY came into the week with a full head of steam, testing above the 148 level after having found support at 145 last Friday. The pullback on Tuesday was pronounced, helped along by a weak U.S. CPI report, but so far USD/JPY and USD bulls have stepped up at key spots of support. In DXY, prior neckline resistance from the inverse head and shoulders pattern has...
USD came into the week with a full head of steam as price broke out to the 102.00 level on Monday. This was pushed by a strong move in USD/JPY testing 148 and EUR/USD testing 1.1100 - but then the Tuesday CPI report came out soft and that gave bulls reason to take profits on the USD.
That pullback ran vividly into early-Wednesday trade but at that point, support...
USD/JPY extended more than 6.2% off the yearly low with price registering an intraday high at 148.65 on Monday before reversing lower. The focus now shifts back to this turn from downtrend resistance with initial support now in view.
A closer look at Japanese Yen price action shows USD/JPY trading within the confines of embedded ascending pitchfork extending off...
