Apple Inc. (AAPL) has been in a clear uptrend since the start of the year, buoyed by a well-defined ascending trendline. The stock recently reached an all-time high near $260.00 but has since corrected to a key support level around $240.00. This support level is further validated by the 50% Fibonacci retracement, indicating a potential area of interest for...
The USD/JPY pair is currently in a significant uptrend on the daily chart, characterised by a series of rising highs and lows. Following a marked upward movement, the price has entered a consolidation phase, indicating a temporary pause before potentially resuming its directional trajectory. This sideways movement is often interpreted as preparation for a...
The NZD/USD pair has experienced a decline of over 12% in recent weeks, showing no significant pullbacks on the daily chart. Currently, the price has reached an important support zone on the daily timeframe (D1), marked as a crucial decision point for the market. This notable depreciation of the New Zealand dollar is primarily due to the substantial rise of the US...
The AUD/USD pair has experienced a significant decline of nearly 11% without any substantial pullbacks since September 2024. It has now reached a crucial support level on the weekly chart at 0.6200.
This recent downward movement has been influenced, in part, by Donald Trump's return to the US presidency. His administration has traditionally prioritised a “putting...
Bitcoin has seen an extraordinary surge of over 100% between September 6th and December 18th, reaching the $100,000 milestone for the first time in its history.
This significant increase can be attributed to various factors. The election of Donald Trump as U.S. President, known for his pro-Bitcoin stance, played a notable role. Additionally, Elon Musk, a key...
The GBP/USD pair has fallen more than 7% since September 26, 2024, largely in response to the strengthening of the USD following Donald Trump's recent victory in the US presidential election. However, it appears that GBP/USD has found significant support on the daily chart, forming a double bottom pattern in the 1.2500 region. This level has been an important...
The daily chart for the EUR/CHF pair has recently revealed a bullish movement, successfully breaking above its descending trend line. This development indicates a potential shift in market sentiment, occurring after the price touched a significant support level at 0.9250. The fact that the price has breached the downtrend line after reaching this support suggests...
Context on AUD/NZD Technical Factors
On July 30 and November 22, the AUD/NZD pair encountered significant resistance, reaching the 1.1150 level. The price's failure to break above this resistance has resulted in the formation of a double top on the daily chart. The candle on November 22 also indicated a false breakout of this resistance, signalling a notable...
On the 1-hour chart for EUR/USD, the price is currently testing a descending trendline that has served as dynamic resistance over the past few days. After bouncing off a support level around 1.0453, the pair displays signs of strength and is nearing a crucial decision-making zone. The horizontal resistance at 1.0490 aligns with the trendline, and breaking through...
In recent days, the EUR/CAD pair has exhibited notable fluctuations on the daily chart. After reaching the 1.5170 level, a significant resistance point in recent years, the price began to weaken and entered a consistent decline. This area served as a crucial psychological and technical barrier, leading to increased selling pressure. The price subsequently fell...
The GBP/AUD pair shows a notable pattern on the daily chart, displaying a clear uptrend that has persisted since July 2024, characterized by rising lows but encountering resistance at the 2.000 level. Recently, the price approached 1.9967, a significant resistance level not seen since 2020. This level is pivotal, not just as a historical high, but also as a key...
The AUD/USD pair has experienced a notable decline of -7.82% in recent weeks, without any significant recoveries. This drop has brought the price to a key horizontal support area, aligning with the previously identified triple bottom level on the daily chart. Additionally, the price has tested an uptrend line that has provided support since mid-2022. The overlap...
The EURO STOXX 50, which serves as a benchmark for major eurozone companies, has been trading sideways in recent months, fluctuating between a strong support level at 4,730 and resistance at 5,099. After multiple tests of the support, the price has formed candles with long lower shadows, indicating a rejection of lower prices and buyer interest in maintaining...
The GBPCAD currency pair has been in a strong uptrend in recent months, primarily due to the British pound appreciating against the Canadian dollar. This trend has propelled the price to around 1.8070, the highest level since 2020, where it encountered significant resistance.
After hitting this peak, the price reversed and broke a long-term uptrend line,...
Dollar Index (DXY) Analysis - Is a Deeper Correction Approaching?
Since September 2024, the Dollar Index (DXY) has risen significantly, gaining 8.2%, marking its highest appreciation in months. This upward momentum has been fueled by positive economic indicators, increasing demand for dollars. Recently, the DXY reached the 107.00 mark, its highest resistance...
The AUD/JPY pair recently made a significant break on the daily chart. The price broke through two significant zones:
1. The uptrend line, which has been supporting prices since August 2024.
2. The sideways range, between 99.70 and 102.00, which had served as a consolidation area for several weeks.
These breakouts indicate a loss of buying momentum, with sellers...
EUR/USD has experienced a decline of over 5% in recent weeks, without any significant pullbacks, raising the likelihood of a potential upward movement in the coming days. This downward trend has brought the price to a key support level on the daily chart, near 1.0450, a region previously tested in December 2022. Following this, the price exhibited classic false...
The AUD/NZD pair is currently exhibiting signs of a false breakout at the resistance level of 1.1145, subsequently forming a rejection Pinbar, which indicates that sellers may be regaining control in the short term.
What is a False Breakout?
A false breakout occurs when the price briefly exceeds a key support or resistance level, only to swiftly reverse and...
