Trendsharks

Trendsharks

For the past month, the German DAX40 has experienced a remarkable 10% surge, reflecting strong bullish momentum. Despite ongoing market volatility and frequent pullbacks, every dip continues to attract fresh buyers, reinforcing the upward trajectory. Key technical levels, such as the 38 and 50 Fibonacci retracements, have been well respected. Earlier today, the...

Trendsharks

Oil continues its downward trajectory, despite occasional pullbacks. The overall trend remains bearish, reinforced by multiple Death Cross patterns, a classic sell signal indicating further weakness. Adding to this bearish outlook, the critical 38% Fibonacci resistance held firm, and after a retest, prices resumed their decline. Given these factors, we are...

Trendsharks

Over the past few days, gold has experienced a sharp decline of more than $100. This downturn can be attributed in part to traders securing profits to manage their margins, which are under strain due to the significant drop in major indices. Currently, gold has fallen below the immediate support level at the 23% Fibonacci retracement. However, the RSI is not yet...

Trendsharks

The primary stock market index in Germany is undergoing a correction, mirroring the recent downturn in US markets. After rebounding from the critical 38% Fibonacci retracement level, it struggles to generate upward momentum, with the price remaining below the immediate support at the 23% Fibonacci level. The Relative Strength Index (RSI) has yet to signal an...

Trendsharks

The current geopolitical and economic landscape remains highly uncertain, causing investors to offload expensive stocks from their portfolios. This selling pressure, combined with persistent inflation and no clear signals of interest rate cuts, continues to drag the US30 downward. The bearish momentum is further reinforced by the Death Cross, a well-known...

Trendsharks

The NASDAQ 100 index is showing strong bullish momentum, as evidenced by the formation of a Golden Cross on the chart. This classic buy signal occurs when the short moving average crosses above the long term moving average, suggesting that upward momentum is gaining strength. This technical pattern is widely regarded as a confirmation of a continued uptrend,...

Trendsharks

The EUR/AUD currency pair has encountered a significant resistance level, failing to break above the critical 61% Fibonacci retracement level. This suggests that bullish momentum is weakening, reinforcing the case for a potential downward move. Given this technical setup, we favor entering a short position at the current levels, aligning with the ongoing bearish...

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...