📉 BTC/USD plunges -5.48% to 86,539, breaking below 91,000 support
🔎 Key Technical Breakdown:
Massive rejection at 91,000, flipping it into resistance.
Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend.
Fib retracement levels:
38.2% @ 86,672 (in play now)
50.0% @ 79,616 (next major support)
61.8% @ 72,559 (deeper pullback scenario)
📊...
Bitcoin has registered a decline of more than 4% over the past two trading sessions, and for now, the bearish bias remains strong.
This downward pressure is fueled by major security breaches on the Bybit exchange, where approximately $1.4 billion in funds were stolen. This event has eroded confidence in Bitcoin, leading to sustained selling pressure in the...
Introduction to ABCD Patterns
The ABCD pattern is a tool in technical analysis that measures up and down moves within a trend. It consists of three consecutive price swings, forming a very specific shape as shown on the chart above. Note that the dark solid line on the chart above is the ABCD pattern while the dotted lines are retracement measurements. The ABCD...
The S&P 500 has bounced off its earlier lows in the last couple of hours, after dipping to take out liquidity below Friday's low (6011) and key support around 6000. Where do we go from here?
On Friday, the index tumbled sharply to close near the lows. Whether that marked a near-term market top remains to be seen. A downside follow-through would attract selling...
EUR/JPY is teetering above known support, but with momentum favouring the bears, there’s no need to rush into longs.
If the pair continues find buyers on dips below 156.21, a long trade could be considered above the level with a stop beneath for protection. 158 looms as an initial target, with 159 and 161 other levels to watch.
The preference is to wait for a...
the USD/JPY pair remains a market that could have implications across other markets, similar to what we saw last summer when the initial stages of the unwinding carry trade drove a global equity sell-off. In that episode USD/JPY lost a little more than 2,000 pips and this caused strong bearish moves in U.S. equities, particularly the high-flying large cap tech...
While EUR/USD continues to battle it out at 1.0500 as it has for a couple of months now, GBP/USD ran up to a fresh two-month-high last week. This could make the pair as possibly more attractive for USD-weakness scenarios given that continued build of higher-highs and lows on the four-hour chart.
Price is nearing a support level at the Fibonacci retracement...
It's been a grinding month of February so far but the big takeaway at this point for EUR/USD has been deductive in nature, and that's the fact that sellers haven't been able to break any fresh ground below the January low.
Early-Feb saw the threat of tariffs drive a spike-low in the pair, but that held above 1.0200, and then as the tariff threat seemed to recede...
The US markets wobbled at the start of Friday’s session, with major indices pulling back. However, the outlook isn’t overly bearish yet, as the S&P 500 is testing a key level here around 6075. A bounce into the close is still possible from here, but the bulls need to show and quickly.
Even if the index closes near current levels, it wouldn't necessarily signal...
Australian ASX 200 SPI futures were firmly rejected at the 50-day moving average earlier Friday, reinforcing the message that sellers remain in control following the bearish break of uptrend support flagged earlier this week.
With RSI (14) and MACD both firmly bearish, the near-term bias remains to sell rallies and downside breaks.
If the price squeezes back...
WTI crude oil has rebounded to the $72.50 zone over the past four trading sessions, primarily after a recent drone attack by Ukrainian forces that damaged a key pipeline in southern Russia. The estimated damage could reduce oil exports from this region by up to 30% for at least two months. This new unexpected supply disruption has supported short-term demand for...
📉 False Breakout or Consolidation?
S&P 500 hit 6,129 but failed to hold above it, retreating to 6,090 (-0.75%).
This level marks a key resistance zone, with sellers stepping in to cap gains.
🔍 Key Technical Levels:
Resistance:
6,129 → Previous high, acting as a short-term ceiling.
Support:
6,018 (50-day EMA) → First area bulls want to defend.
5,900 → Stronger...
📈 Gold Extends Gains in Strong Uptrend
Gold (XAU/USD) is trading at $2,938, continuing its rally within a well-defined ascending channel (orange lines).
Price remains above both the 50-day EMA ($2,776) and 200-day EMA ($2,576), reinforcing bullish momentum.
🔍 Key Technical Levels:
Resistance:
$3,000 → Psychological level, upper bound of the...
📉 Key Breakdown Below 150.00
USD/JPY has fallen sharply, breaking below key support at 151.50 (38.2% Fib retracement) and testing 149.63 (50% Fib level).
The pair is trading below both the 50-day EMA (153.80) and 200-day EMA (152.17), reinforcing downside pressure.
🔍 Technical Levels to Watch:
Support:
149.23 (50% Fib retracement) → Current price is testing...
Following the RBA’s hawkish rate cut supports, we are continuing to see bullish AUD/USD price action.
Earlier this week, the RBA provided no clear easing bias, citing risks on both sides of the inflation outlook. While it acknowledged that the disinflationary process is progressing, a strong labour market has kept policymakers cautious. The central bank’s...
USD/CAD is responding to confluent support this week a the 38.2% retracement of the 2023 December advance at 1.4176- Looking for possible price inflection off this mark.
Resistance now back at the 38.2% retracement of the recent decline at 1.4396. Rallies should be capped by this level IF price is heading lower on this stretch. Ultimately, a close above the 75%...
Since February 11, the British pound has gained more than 2.5% against the Japanese yen. However, the recent bullish momentum has struggled to break through the key resistance level, and now a new correction in favor of the yen appears to be underway.
Central Bank Policies Remain Crucial
The ongoing monetary policy divergence between the Bank of England...
The DAX hit a record high earlier in the day. Fast forward a few hours, it is now down 500 points from that high. A potential rebound may be on the cards, given how strong the trend has been. But this goes to show the markets go down as well as up. What caused the sell-off? Well, firstly it was US President Donald Trump raising the prospect of tariffs of up to 25%...
