The USD/CAD has extended its drop after reversing sharply the day before on the back of Trump's U-turn on imposing tariffs on Canada, delaying it for at least a month. Today's weaker US JOLTS job openings data has further pressured the US dollar.
The FX pair had initially surged on Monday, breaking above both the March 2020 high of 1.4668 and January’s peak of...
The AUD/USD chart is super interesting to watch and trade this week.
It fell yesterday to a fresh multi-year low, but rallied from its lows to close the day higher after Trump delayed tariffs on the USA's northern and southern neighbours.
Anyway, the AUD/USD has potentially formed what looks like a false break bullish reversal pattern against the January low of...
While Trump has pushed the envelope on tariffs for China, Canada and Mexico, it seems more are lurking for Europe and the pair responded in a bearish way to start the week, making a fast run at the 1.0200 handle.
That's a big spot, as looked at in these posts a couple weeks ago, and it's so far held the lows for 2025 after coming into play briefly on the 13th of...
The Dollar put in a massive move to start the week but already a large portion of that has been pared back. On a longer-term basis, it was support at prior resistance last week that held the lows, around the 107.35 level that came in to mark the highs in 2023.
The next major focal point on tariffs is Europe and given the outsized 57.6% allocation of the Euro in...
The stock has dropped more than 11% over the past five trading sessions due to newly imposed tariffs on Taiwanese semiconductors (which could increase Nvidia's costs) and growing concerns over DeepSeek's advanced AI model, which has intensified competition in the sector. Additionally, rising global trade tensions have led investors to lose confidence in Nvidia's...
Gold remains resilient above 2730 support, currently hovering around 2800 as tariff tensions and trade war risks escalate. If no trade deals are reached with the US, safe-haven demand could continue driving prices higher.
📈 Bullish Outlook: A decisive hold above 2820 could fuel an uptrend toward 2890 and 2920, aligning with the trendline connecting higher lows...
Hang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside.
Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction.
Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm.
A slide...
USD/JPY has broken out of its falling wedge, as convention would suggest. After a prolonged coil, the move could be sharp with swing highs at 156.76 and 158.88 now in focus.
Bulls could buy the breakout, placing stops below either the 50-day moving average or the January 27 low, depending on risk tolerance.
Momentum signals are mixed—RSI (14) has broken its...
The cryptocurrency has managed to sustain a gain of over 4% in the last two trading sessions, as the market remains confident that Trump’s new administration will play a key role in the future of U.S. regulation. For now, the price is slowly approaching the all-time high resistance zone at 106K.
Neutral Bias
Bitcoin continues to trade within a strong lateral...
With fresh data on US GDP and inflation arriving over the next two days, Russell 2000 futures look interesting as they close in on the key 50DMA.
The index is testing minor resistance at 2312.8 in thin Asian trade, with the 50DMA not far above at 2323.5. The focus on the latter comes from its tendency to spark explosive moves once the price either breaks or...
The NAS100 initially dropped nearly 0.6% as the Federal Reserve's official decision was announced. However, so far, the event has not been decisive on the daily chart to establish a clear direction. The central bank chose to keep interest rates at 4.5% , as expected, and in its official statement, it acknowledged that inflation remains somewhat elevated and is...
After rallying from the January 7 swing low, iron ore has spent the past week consolidating, forming what looks like a bullish pennant.
While price action above the 200-day moving average has been shaky over the past year, traders should watch for a potential topside break in thin Lunar New Year conditions. A break and close above $105.35 could open the door to...
The WTI barrel has experienced a loss of over 8% since mid-January, mainly because the peace agreement between Israel and Palestine has come into effect without issues, and Trump’s ongoing comments about increased production in the United States have contributed to the bearish sentiment. Both factors have led the market to expect growing supply and weak demand...
Chart Analysis:
The USD/CAD pair remains in a well-defined consolidation zone (highlighted in beige) after its prior bullish rally. The range-bound price action reflects indecision, with traders waiting for a breakout to determine the next trend direction.
1️⃣ Consolidation Zone:
The pair is trading within a range between 1.4300 (support) and 1.4500...
Chart Analysis:
The AUD/USD pair is trading within a short-term rising channel, providing a near-term bullish framework amid a broader bearish trend.
1️⃣ Rising Channel:
The pair remains within the bounds of a green-shaded rising channel, suggesting upward momentum persists in the short term.
A break below the channel’s lower boundary near 0.6240 could signal a...
Chart Analysis:
GBP/USD is approaching the critical 1.2500 resistance level, a threshold that could determine the next directional move for the pair.
1️⃣ Resistance at 1.2500:
The horizontal level at 1.2500 has acted as a significant barrier, capping recent upward momentum.
A decisive break above this level would pave the way for further gains, potentially...
Bitcoin remains steady above the $100,000 mark, awaiting the impacts of evolving market dynamics and new SEC regulations. It is currently trading within an expanding consolidation pattern, aligning with a long-term trendline connecting the highs of 2021. This formation presents two potential outcomes:
1. Continuation of the Rally:
A decisive close above...
Nvidia’s stock has experienced a significant drop in price in recent hours due to growing concerns about new competition from China, represented by the startup DeepSeek. This Asian startup is positioning itself to offer services similar to those of current AI industry leaders but at a much lower cost. Additionally, its open-source model, unlike competitors such...
