The price has once again returned to the 98K zone, experiencing a nearly 4% drop in the last few hours and erasing the bullish pressure seen over the past four sessions.
Lateral Range: Neutrality persists between the resistance at 105k and the support at 91k, with oscillations failing to break these levels since late November 2024.
$105k: A nearby...
GBP/JPY approaches the December high (198.96) as stages a three-day rally.
GBP/JPY Outlook
GBP/JPY trades to a fresh monthly high (198.26) as it carves a series of higher highs and lows, with a breach above the December high (198.96) bringing the October high (199.81) on the radar.
Need a break/close above the 199.80 (61.8% Fibonacci extension) to 200.50...
Chart Analysis:
Gold is currently consolidating within a symmetrical triangle, signaling a potential breakout in either direction as the apex approaches.
1️⃣ Key Levels:
Resistance: $2,670 (upper triangle boundary).
Support: $2,590–$2,600 (lower triangle boundary).
2️⃣ Moving Averages:
50-day SMA (blue): At $2,655, acting as immediate dynamic...
Chart Analysis:
NVIDIA's stock price has decisively broken out of its consolidation channel and is surging higher, reflecting renewed bullish momentum.
1️⃣ Trendline Support:
The long-term uptrend remains intact, with the stock respecting the ascending trendline since October 2023.
2️⃣ Breakout Confirmation:
The breakout above the channel near $140 confirms...
Chart Analysis:
The USD/CAD pair has been in a steady uptrend, but recent price action shows signs of consolidation below the recent highs at 1.4450. The trendline support remains intact, keeping the bullish structure valid.
1️⃣ Key Support Zone:
The trendline from October lows aligns near 1.4300, acting as immediate support for the pair.
2️⃣ Moving...
The recent rally in USD/CHF seems to have stalled ahead of the 2024 high (0.9225) as it halts a four-day rally.
USD/CHF Rate Outlook
USD/CHF falls back from the weekly high (0.9138) to pull the Relative Strength Index (RSI) back from overbought territory, and the move below 70 in the oscillator may accompany a further decline in the exchange rate like the...
Oil prices are threatening a major breakout here after clearing resistance yesterday at the objective 2024 yearly open near 72.14 .
The focus is on todays close with respect to the 61.8% retracement at 73.90 . A daily close above would keep the focus on a possible rally towrads the 78.6% retracement at 75.89 and the October high-close at 77.25 - note the...
AUD/USD is testing downtrend support here into the start of the month / year at the lower parallel. The focus is on possible inflection off the 2022 low / yearly open at 6170/88 over he next few days.
Bottom line: Rallies would need to be limited to 6348/62 IF price is heading lower here with a close below this pivot zone exposing the 61.8% extension of the...
The price of oil trades near the weekly high ($73.73) as it stages a five-day rally for the first time since October.
Crude Oil Price Outlook
Keep in mind, the price of oil cleared the November high ($72.39) as it carved a series of higher highs and lows, with a break/close above the $73.00 (61.8% Fibonacci retracement) to $74.00 (50% Fibonacci retracement)...
EUR/USD has set a fresh two-year-low in the opening days of 2025 trade. And naturally the look goes towards the vaulted parity figure which is at that major psychological level of 1.0000.
There's been only a single instance of the pair trading below that price and it happened amidst an extreme backdrop, when the Fed was ramping up rate hikes in 75 bp increments...
Chart Analysis:
The USD/MXN pair has approached the critical resistance level at 20.80, which has been a notable ceiling for price action in the past. The bullish momentum is evident, but further confirmation is required for a potential breakout.
1️⃣ Resistance Test:
The 20.80 level has acted as a strong resistance historically. A breakout above this zone could...
Chart Analysis:
The GBP/USD pair has extended its decline, breaking below the 1.2487 support level, with the current price at 1.2378. The bearish momentum is intensifying as the pair approaches further key levels.
1️⃣ Key Support Breakdown:
The breach of 1.2487 indicates increased selling pressure. The next major support level lies near 1.2300.
2️⃣ Moving...
Chart Analysis:
The EUR/USD pair has extended its downtrend, decisively breaking below the critical support at 1.0340, which previously held as a major floor. The pair is now trading at 1.0265, hitting levels not seen in recent months.
1️⃣ Key Breakdown:
The breach below 1.0340 confirms a continuation of the bearish trend, with sellers firmly in control. This...
It was a blistering Q4 for the US Dollar and that's especially true in USD/CAD. While USD reversed aggressive at the Q4 open while getting a shot-in-the-arm around the U.S. Presidential election, in USD/CAD there was also the added drive of tariff potential after President-elect Trump threated a 25% tariff on Canadian goods unless the border was shored up. That...
Chart Analysis:
The S&P 500 Index remains firmly within its ascending channel (green zone), with the current price rebounding from the channel's midline near 6,006.5. The bullish structure remains intact, supported by key moving averages.
1️⃣ Ascending Channel:
Price continues to respect the channel boundaries, with recent consolidation near the midline and...
Chart Analysis:
Gold is trading within a symmetrical triangle pattern, reflecting a phase of consolidation as price tightens between converging trendlines. The current price of $2,611.97 is near the middle of the range, with both upward and downward breakouts possible.
1️⃣ Symmetrical Triangle:
Price action is consolidating within the converging trendlines. A...
Chart Analysis:
The USD/MXN pair has definitively broken below the rising trendline (black), suggesting a potential shift in the bullish structure. The price is now consolidating below the trendline near 20.14, with the next support levels coming into focus.
1️⃣ Trendline Break:
The drop below the rising trendline indicates a weakening of the previous bullish...
Chart Analysis:
NVIDIA stock remains in a broader uptrend, with price action bouncing off a rising trendline (black) while consolidating within a descending channel (green zone).
1️⃣ Rising Trendline:
The trendline, established from early 2024 lows, continues to act as dynamic support, with the price rebounding from this level.
2️⃣ Descending Channel:
Recent...
