Trendsharks

Trendsharks

The UK100 is experiencing a remarkable rally! Over the past few weeks, the British stock market index has surged nearly 800 points. Each minor dip has attracted more buyers, fueling the bullish momentum. However, since last week, we’ve observed a slight slowdown, an uptick in selling volume, and a decline in the 20-period moving average. Despite this, the broader...

Trendsharks

The US Dollar remains in a clear downtrend against the Japanese Yen. Despite a sharp 500-pip rally ten days ago, the bullish attempt failed to shift the overall bearish momentum, and sellers have regained control. A significant technical development occurred as a Death Cross, a well-known bearish signal, emerged precisely when USD/JPY was retesting a strong...

Trendsharks

Over the past few weeks, the EUR/USD currency pair has shifted its direction and gained around 300 pips in an upward movement. This rally led to the formation of a Double Top pattern slightly above the 1.05 level. As a result, the price is currently experiencing a pullback. We anticipate that this decline could extend further downward, with the potential to test...

Trendsharks

Over the past few weeks, the USD has lost nearly 800 pips against the JPY, driven by Japan's shift away from decades of negative interest rates. With the Bank of Japan raising rates for the second time in a row, investors are adjusting their positions to capitalize on these changes. However, no trend moves in a straight line indefinitely—corrections are a natural...

Trendsharks

Despite its volatility, Silver remains in an uptrend. While not as dynamic as Gold, XAG often mirrors XAU’s movements. A Multiple Top has formed around $32.50, and history shows that the more a level is tested, the weaker it becomes, increasing the likelihood of a breakout. However, for Silver to gain the necessary upward momentum, it must first attract more...

Trendsharks

A combination of factors, including Trump-era tariffs, the emergence of DeepSeek, and a slowdown in GDP growth, has contributed to the recent pullback in the US30 from its record highs. From a technical standpoint, a Double Top pattern has formed around the 45,000 level—a well-known bearish signal indicating potential further downside movement. A shift in momentum...

Trendsharks

Over the past month, Silver has experienced an impressive 13% surge, marking a strong bullish trend. Despite notable volatility and multiple pullbacks, the overall momentum remains firmly to the upside. This strength is further validated by the Golden Cross, a historically reliable buy signal that reinforces the long-term uptrend. However, since Friday, Silver...

Trendsharks

The Swiss Stock Market has been on a remarkable rally, surging over 15% between December and January. At times, the price action resembled a near-vertical ascent. However, following the announcement of Trump’s tariffs over the weekend, Monday’s trading session opened with a gap. Despite this, the SMI20 demonstrated exceptional resilience compared to its global...

Trendsharks

Between October and January, GBP/USD experienced a significant decline, dropping by approximately 1300 pips. However, we now observe signs of a potential trend reversal. Over the past few weeks, the pair has rebounded by more than 400 pips, shifting momentum toward a bullish outlook. This upward movement is further validated by the formation of a Golden Cross, a...

Trendsharks

For the past 1 month, the UK100 saw a fantastic 600 point rally! The occasional corrections only attracted more buyers, which is healthy for the current up trend and the RSI currently exhibits elevated demand. A 130 point correction started last week on Friday, dipped below the 23% Fibonacci retracement, but held above the 38% Fib level, a critical support zone....

Trendsharks

Over the past two weeks, Japan’s leading stock index surged 2,000 points, reflecting strong bullish momentum. However, this week saw a sharp sell-off, erasing nearly all gains since mid-January. Despite this drop, the decline stalled at the 61.8% Fibonacci retracement, a key technical level that historically acts as the final support before a correction turns into...

Trendsharks

There is a clear shift in the momentum in the Oil market, with the commodity dropping with nearly 10% for the past 2 weeks. The Death Cross, a classic sell signal, is indicating that sellers are indeed in control and we are lookin now at a strong downward momentum. The minor pullback from 72.40 to 74 wasn't unexpected, after all it was triggered by early sellers...

Trendsharks

The 350 pip rally for the past 2 weeks seems like a trend reversal for EUR/USD, with buyers back in control. The strong bullish momentum is also confirmed by the Golden Cross, a historic buy signal. Corrections are healthy for the trend and we currently looking at one. For the past couple of days, the EUR lost 100 pips and its now reaching towards the 60 period...

Trendsharks

For the past 2 weeks GBP/USD went up with 400 pips and this is why we believe we might be looking at a trend reversal. The strong bullish momentum is confirmed by the Golden Cross, a classic buy signal, which supports the hypothesis that buyers are again in control. After reaching a swing high at 1.2550, we registered a minor pullback, triggered by profit taking....

Trendsharks

The Death Cross formation in USD/JPY signals a robust downward momentum, with the USD depreciating by 300 pips over recent weeks. Further declines exceeding 300 pips are anticipated, potentially reaching the 152.00 level. Despite several corrective pullbacks, the price has been unable to surpass the 38% Fibonacci retracement level, which historically serves as a...

Trendsharks

Following the formation of a Double Top pattern at the 21,930 level last Friday, the NASDAQ has experienced a significant decline, plummeting by nearly 800 points. This downturn has been primarily driven by unfavorable manufacturing data emerging from China, alongside the Bank of Japan's unexpected interest rate hike on Friday. The market reaction closely...

Trendsharks

GOLD's uptrend has regained strength, with several factors supporting further gains. The RSI bounced from oversold levels and now stands at 65, signaling growing demand and increasing buying volume. Additionally, the appearance of a Golden Cross—a historic buy signal—confirms strong bullish momentum. The recent shallow pullback, reaching only the 23% Fibonacci...

Trendsharks

For the past few months, USD/JPY gained 2100 pips! Then, about 10 days ago the USD started dropping and so far corrected with 300 pips, dropping down to 155.00. A local Double Bottom got formed and this level also aligns with the important 38.2% Fibonacci retracement. In theory, this should be a signal for a buy trade, but in contrast - we register a Death Cross...