It took a little while but what we've just seen in EUR/USD is a great example of a pent-up breakout. The 1.0500 level was tough, with some additional resistance at the Fibonacci levels at 1.0523/1.0533, but once bulls were able to clear that, they had full control and prices have run quickly to the upside.
There's another component here, and something I'll...
Over the past two weeks, Amazon's stock has declined by more than 13% , forming a new bearish channel. Selling pressure has intensified as concerns about potential tariffs begin to affect investor confidence in Amazon's multinational operations. The possible onset of a new trade war could seriously impact some of Amazon’s business model, which relies on importing...
The EUR/CHF looks quite interesting heading into the ECB rate decision.
On the back of news from Germany will unlock 500 billion euros for defense and infrastructure investments, we have seen European bond yields surge higher, with those on the benchmark 10-year German bund rising nearly sharply to 2.75%, the highest level since November 2023. The euro has...
Crude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon.
Oil price prices have dropped on concerns about...
The bearish pin candle on the GBP/AUD daily chart on Tuesday is a warning sign for bulls after a more than seven big-figure rally in less than a fortnight. RSI (14) is flashing extreme overbought conditions, sitting at levels that have marked major market tops in the past.
Fundamentally, the move stacks up—improved Eurozone optimism from increased military...
EUR/USD looked bad at last week's close as a strong bid in the USD and tariff worries drove another resistance hit at the 1.0523 level in the pair.
But this week has been a far different tone and for today the pair is up more than one percent as a strong breakout has taken-over.
The complication at this point is area on the chart, as 1.0611 is a confluent area...
We have also seen S&P 500 bounce off its own 200 day average, while the Nasdaq is coming off earlier lows. Meanwhile Nvidia is now positive on the session after starting the da below $110. So, a bit of a bounce back for stocks- is this the turnaround?
MicroStrategy could start next leg up here, if it again holds the 200-day average support near $235.
By Fawad...
Over the last three trading sessions, the pair has risen by more than 2% in favor of the U.S. dollar as the threat of tariffs has become a reality. So far, President Trump has confirmed that the measures will take effect today, and there is currently no hope for another deadline extension.
The President of Mexico has traveled to the United States for an...
Bitcoin has fallen sharply, breaking below the $91,000 support level, which previously acted as a major floor for the uptrend. The cryptocurrency is now testing the 200-EMA ($79,897) as it struggles to find buying interest.
🔍 Technical Breakdown:
📉 Major Breakdown – The loss of $91,000 has turned sentiment bearish.
📉 200-EMA as Last Defense – Holding above...
The USD/CHF pair has decisively broken below its 200-EMA (0.8887) and key horizontal support (0.8915), signaling a potential shift in momentum toward further downside. After failing to hold above 0.90, sellers have stepped in, dragging price action lower.
🔍 Technical Overview:
✅ Support Break – The loss of 0.8915 puts 0.88 in focus.
✅ 200-EMA Breached – A...
USD/CAD has been riding a well-defined ascending channel since mid-February, pushing toward 1.45 after bouncing off its 50-EMA support. The pair remains in a firm uptrend, with bulls showing resilience despite intraday pullbacks.
🔍 Technical Overview:
✅ Trending Higher – Price action remains inside the rising channel.
✅ Support Holding Strong – The 50-EMA...
Crude Oil drops on oversupply risks and weakening demand expectations
Key Events:
- Trade wars between the world’s largest economies heightens inflation and economic contraction risks
- OPEC plans to unwind supply cuts in April despite oversupply concerns.
- Trump - Ukraine dispute may disrupt oil's bearish trend if tensions escalate with the EU and Russia.
...
Nasdaq 100 futures haven’t closed below the 200-day moving average for nearly two years. However, after delivering a key bearish reversal candle on the daily timeframe—and with RSI (14) and MACD still flashing bearish momentum signals—that streak may soon come to an end.
Given the market’s history of aggressively bouncing from the 200DMA, near-term price action...
The Dow Jones Industrial Average has fluctuated within a 1% range over the past few trading sessions, encountering a neutral barrier near the 44,000-point zone.
For now, investors remain cautious as uncertainty grows amid trade and diplomatic tensions from the White House with multiple countries. This prolonged uncertainty has reinforced a neutral bias in...
After rising in the last three sessions, the USD/JPY was up again today, testing a key resistance area between 151.00 to 151.35. This is a massive resistance zone, having previously provided support. With Japanese yields on rise again, I wouldn't be surprised if the UJ were to resume lower from here. If so, watch for a possible bounce at 150.00. If 150.00 then...
Silver’s bearish wedge breakout may have run its course, with Friday’s rebound from key support at $31.00—where the 50DMA and former resistance converge—suggesting a potential shift in direction. While MACD hasn’t confirmed it yet, RSI (14) has broken its week-long downtrend, hinting at a turn in momentum.
With price action firming and Friday’s hammer candle...
Bitcoin's sharp drop has been driven by a combination of factors all coming into play at the same time. These include profit-taking after Bitcoin surged to above +$100K mark in short order, the absence of more regulatory support, tariffs and the broad tech-sector weakness, among other factors.
But it is now approaching some key support levels where dip buyers...
Traders should be alert to the risk of an accelerated downside move in S&P 500 futures.
After hitting record highs just two weeks ago, the price action has deteriorated rapidly with an initial break of minor uptrend support followed by sustained selling on rising volumes. The 50DMA has given way, as has the February 3 low, leaving the price teetering on the...
