The Nasdaq 100 has had a rough start to 2025, plunging by nearly 15% over the year so far. Even with the recent rally, the technology-heavy index remains down almost 9%, and where it goes from here appears less certain. Many investors seem to believe that a V-shaped “snapback rally” is due, but the technical pattern — resembling a broadening megaphone — suggests...
The Canadian dollar has strengthened slightly against the US dollar recently and appears to be preparing for another significant move. USD/CAD began weakening around 14 March after it failed to break through resistance at CA$1.445 and fell to the uptrend at CA$1.428. USD/CAD is gearing up for a potential breakout as a symmetrical triangle nears completion.
The...
The diamond pattern in gold has played out, but instead of a reversal pattern, it acted as a continuation pattern this time. However, it is possible that the pattern has been completed, and gold could pause its recent rally before resuming its upward bias.
Measuring from the top to the bottom of the diamond to project the move in gold from the breakout point...
USD/CAD could strengthen over several trading sessions as it moves below an uptrend, with momentum, as measured by the relative strength index (RSI), turning negative. This could strengthen USD/CAD to around CA$1.415 from its current rate of CA$1.433.
USD/CAD has been unable to rise back above CA$1.45 despite multiple attempts since mid-February. The pair’s...
EUR/USD has strengthened materially following news of EU plans to increase defence spending. This has resulted in yields across Europe rising sharply and, more importantly, spreads widening against US Treasuries.
At the same time, US rates have fallen materially as growth fears take hold due to the Trump administration’s new tariff plans. When comparing the chart...
