Trendsharks

Trendsharks

Today is CPI day, and technical analysis often falters on major news days. Nevertheless, here's our take on the US Tech 100: we anticipate a potential drop of 800-1,000 points. December's Fed comments triggered a selloff, with bears dominating the index for weeks. The strong downward momentum aligns with Death Cross patterns—short-term moving averages crossing...

Trendsharks

In November, Gold experienced a sharp $200 drop and has since been in recovery mode. The price has consistently held above the 23% Fibonacci retracement, indicating sustained demand. Recently, buying activity has increased, suggesting that bulls may be regaining control. This is further reinforced by the Golden Cross, a traditional buy signal, which has fueled the...

Trendsharks

The German DAX 40 has formed a Double Top, a classic bearish signal, triggering a 300-point drop. The RSI points downward, indicating strong selling pressure, but remains above oversold territory, suggesting further downside potential. The broader international stock market sell-off supports this bearish outlook. The Golden Cross pattern has been invalidated by...

Trendsharks

The Dollar King continues to assert its dominance, with the EUR, GBP, and AUD seeing significant declines over the past weeks. This robust performance is fueled by the Fed’s hawkish comments on fewer rate cuts in 2025, bolstered by last week’s strong NFP and Unemployment data. The USD is poised for further gains in the near term, although a deeper correction may...

Trendsharks

A couple of weeks ago, the UK's leading stock market index, the FTSE100, dropped to a low of 8000, forming a Double Bottom—a classic reversal pattern. Since then, the index has surged by over 320 points, signaling that buyers may have regained control. This is further supported by the emergence of a Golden Cross pattern, which underscores the strength of the new...

Trendsharks

The US100 index recently underwent a significant correction, dropping 1,300 points to establish support at the 20,800 level. This decline created a notable Double Bottom chart pattern, a classic bullish reversal signal that often attracts buying interest. True to form, buyers entered the market, driving prices higher as confidence in the reversal grew. A critical...

Trendsharks

Like its US and German counterparts, the UK100 saw a decline starting in mid-December, dropping 400 points before finding support. Over the past few weeks, the index has rebounded by more than 200 points, signaling buyers have regained control. The strong upward momentum is further confirmed by a Golden Cross, a classic buy signal. However, since Friday, the FTSE...

Trendsharks

The German DAX 40 saw impressive gains of over 1,500 points between mid-November and mid-December. However, following comments from the Fed, the index corrected nearly 800 points, reaching the crucial 50% Fibonacci retracement level. For the past three weeks, the DAX 40 has held above the 38.2% Fibonacci level, signaling that bulls may be regaining...

Trendsharks

Silver is presenting a classic bullish setup with a double bottom pattern at $28.80, which is a strong reversal signal. In addition, a Golden Cross has formed, historically a reliable buying signal. The high RSI values further confirm the demand, showing that buyers are in control. Recently, Silver has broken above both the 23% and 38.2% Fibonacci retracement...

Trendsharks

Gold experienced a sharp $200 drop in early November and has been struggling to regain momentum since. Despite several attempts at recovery, a solid Double Top pattern formed just above the 61.8% Fibonacci retracement, acting as a key resistance level. However, since then, Gold has managed to hover above the 38.2% Fibonacci retracement, indicating strong buyer...

Trendsharks

Natural Gas has surged over 110% since August, reaching a peak of $4.18. While it remains a highly volatile commodity with frequent price swings, a clear support zone has formed between $3.00 and $3.20. However, since last week, NGAS has corrected by more than 20%, dropping below the crucial 38.2% Fibonacci retracement level. The RSI has moved into neutral...

Trendsharks

The Fed's pre-Christmas announcement caused a dramatic 3,000-point drop in the Dow Jones, with US30 forming a Double Bottom at 42,100—a classic reversal pattern. Over the past few days, the index has rebounded by 700 points, driven by oversold conditions that attracted buyers and strengthened upward momentum. The price has broken above immediate resistance at the...

Trendsharks

After a massive 1,000-pip rally since October, USD/CAD is showing signs of momentum exhaustion. A solid resistance has formed at 1.4450, suggesting early buyers are now likely taking profits. Major indices are stabilizing, and commodities are recovering—signals that the USD may weaken. The immediate support at 1.4336, coinciding with the 23% Fibonacci...

Trendsharks

After months of a downtrend, GBP/USD is showing signs of a potential recovery. In recent days, the pair has risen by 120 pips, with expectations for another 120-pip increase. The pair was heavily oversold, attracting buyers who are now driving the price higher. Crucially, the price broke above the immediate resistance at the 23% Fibonacci retracement level. The...

Trendsharks

Since September last year, EUR/USD has dropped 950 pips, hitting a low of 1.0230 last Thursday. However, the pair rebounded by 130 pips, supported by increased trading volumes and an RSI recovery from oversold territory. This may signal the early stages of a trend reversal over the coming months. Before confirming this shift, a solid support level needs to form....

Trendsharks

Over the past month, oil prices have surged by $8, marking an impressive 15% return in less than 20 business days. The commodity is clearly in an upward trend, with buyers maintaining strong control. This bullish momentum is further validated by two Golden Cross patterns, a classic buy signal. However, since Friday, a decline in buying volume suggests potential...

Trendsharks

Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death...

Trendsharks

USD/JPY has resumed its uptrend, gaining over 500 pips in the past 10 days, with bulls firmly in control. This is confirmed by the Golden Cross, a strong buy signal. If USD/JPY breaks above 154.50, the pair could test the 156 zone. However, after such a significant rally, early buyers may soon take profits, leading to short-term pullbacks. Upward momentum has...