Trendsharks

Trendsharks

The EUR/USD currency pair has exhibited a sustained downtrend, further confirmed by a bearish technical pattern: the Death Cross. This occurs when the 20 MA crosses below the 60 MA, signaling a strong sell indication and a continuation of bearish momentum. Recently, EUR/USD attempted a pullback, briefly retracing higher. However, this recovery stalled at the 50%...

Trendsharks

Silver, which has been in a strong uptrend for most of the year, recently underwent a significant correction, dropping nearly 20% just a few weeks ago. This sharp pullback attracted new buyers, as the oversold conditions presented an appealing opportunity. Their buying activity has since driven prices higher, signaling a resurgence in bullish momentum. On the...

Trendsharks

Oil prices have climbed by over $3 per barrel since last week, driven by renewed buyer interest following a period of oversold conditions. This rally reflects a growing confidence among market participants as the asset regains upward momentum. Adding to the bullish sentiment is the imminent formation of a Golden Cross—a widely recognized technical buy signal—where...

Trendsharks

The USD/CAD pair has demonstrated a strong bullish trend, gaining nearly 300 pips since the start of the month. Despite occasional pullbacks and periods of consolidation, the pair's upward momentum remains robust, supported by the formation of a Golden Cross, where the 20-day moving average (MA) rises above the 60-day MA. This technical signal, often viewed as a...

Trendsharks

The S&P 500 has experienced a significant decline, losing nearly 200 points since last week as bearish sentiment took hold. This downturn was signaled by the formation of a Death Cross, a classic technical indicator where the 20-day moving average (MA) crosses below the 60-day MA. This bearish crossover typically suggests that further downside may be on the...

Trendsharks

The AUD/USD pair remains entrenched in a clear downtrend, reflecting ongoing bearish market sentiment. This trend was reinforced by the emergence of a strong sell signal, known as the Death Cross, where the 20-period moving average (MA) crossed below the 60-period moving average. This technical event typically signals continued downside potential in the currency...

Trendsharks

After finding robust support near the 1.0520 level, the EUR/USD pair has begun to show signs of recovery, gaining modest momentum in the short term. This upward movement has been bolstered by an increase in buying activity, as evidenced by a technical indicator known as the Golden Cross. This classic bullish signal occurs when the 20-period moving average (MA)...

Trendsharks

In recent weeks, Silver has experienced a sharp decline of $5, marking a nearly 20% drop. This significant downtrend has been driven primarily by the strength of the U.S. dollar. The dominance of sellers in the market is underscored by a classic Death Cross pattern, where the 20-day moving average (MA) has fallen below the 60-day MA, signaling a strong sell-off....

Trendsharks

USD/JPY is showing a solid uptrend, highlighted by strong bullish momentum confirmed by the appearance of a Golden Cross, where the 20 MA has crossed above the 60 MA. This is a strong technical indicator suggesting the continuation of upward movement. Recently, the pair experienced a significant correction of 240 pips, but found strong support at the 154.00...

Trendsharks

Over the past two months, the GBP/USD pair has experienced a significant decline, losing a total of 800 pips as strong bearish sentiment dominates the market. Although there have been occasional minor pullbacks, they have been limited to modest gains of only 30-50 pips, suggesting weak buying interest during the downtrend. Today's price action shows renewed...

Trendsharks

In recent trading sessions, investors have been selling off the NASDAQ 100 index to secure profits, leading to a substantial drop of 1,000 points since last week. This decline has been accompanied by a clear technical signal of bearish momentum: a "Death Cross," where the 20-period moving average (MA) has fallen below the 60-period MA, indicating a strong sell...

Trendsharks

Over the past couple of weeks, investors have been actively shorting oil, shifting their capital towards Bitcoin and leading tech stocks from the US100 (Nasdaq 100). This capital reallocation has put significant downward pressure on oil prices, which initially found temporary support around the $68 mark. However, this support level failed to hold, triggering a...

Trendsharks

Since Friday, the USD/JPY currency pair has experienced a significant drop of over 200 pips, indicating that bearish forces are currently in control of the market. This decline aligns with a classic technical indicator known as the "Death Cross," where the 20-period moving average (MA) crosses below the 60-period MA, signaling strong downward momentum. Late on...

Trendsharks

Gold recently experienced a correction from its all-time high, pulling back sharply and breaking below the immediate support at the 23.6% Fibonacci retracement level. This drop signals a temporary pause in the bullish momentum, suggesting a phase of consolidation. However, the broader trend remains positive, supported by strong technical indicators. The bullish...

Trendsharks

Natural Gas (NGAS) prices are showing strong upward momentum today, following a solid bounce off the $2.82 support level observed yesterday. The asset has gained traction, with buyers taking clear control, as indicated by a bullish crossover where the 20-day moving average (MA) has risen above the 60-day MA. This technical signal suggests increasing buying...

Trendsharks

The FTSE100 index remains firmly in a downtrend, highlighted by several Death Cross patterns appearing since last week. This bearish signal, where the 20-period moving average dips below the 60-period moving average, indicates strong selling pressure and an overall negative market sentiment. However, the current price level is relatively low, which may tempt...

Trendsharks

After a remarkable 1,300-point rally since last week, the US100 index is now losing steam, showing signs of exhaustion as bullish momentum wanes. Many investors are starting to take profits, leading to increased selling pressure and creating a short-term downward shift. This negative sentiment is reinforced by a key technical indicator: the 20-period moving...

Trendsharks

The Germany 40 index is currently in a short-term downtrend, as observed on the 1-hour time frame. This bearish movement is confirmed by a classic technical signal known as the Death Cross, where the 20-period moving average has crossed below the 60-period moving average. This crossover is a strong indicator of weakening momentum. At the moment, the price is...