Trendsharks

Trendsharks

Oil remains in a strong downtrend, confirmed by the Death Cross, a classic sell signal. This pattern occurs when a short-term moving average (MA) crosses below a long-term MA, signaling accelerating bearish momentum. Earlier this week, buying activity led to a minor pullback, but it failed to sustain recovery. Prices hit resistance at the 38% Fibonacci...

Trendsharks

The DAX40, Germany's leading stock index, is currently under heavy selling pressure. This bearish momentum is reinforced by the appearance of a Death Cross—a key technical indicator where a shorter-term moving average (MA) crosses below a longer-term MA, signaling strong selling activity. Recently, the RSI dropped into oversold territory, prompting a corrective...

Trendsharks

The USD is exhibiting notable strength while the AUD continues to decline sharply. The presence of a Death Cross pattern—a classic bearish signal—underscores the prevailing downward momentum. This occurs when a short-term moving average crosses below a long-term moving average, signaling sustained selling pressure. Despite the strong bearish trend, oversold...

Trendsharks

The announcement of new Trump tariffs targeting Canada caused the USD/CAD pair to surge by 200 pips in a single day. From a technical standpoint, a Golden Cross has emerged—a strong buy signal. This classic pattern occurs when a short-term moving average crosses above a longer-term moving average, signaling that buyers are in control. A short-term pullback was...

Trendsharks

After an 800-pip drop since late September, the EUR is showing signs of recovery, at least in the short term. The RSI highlighted dramatically oversold levels, attracting buyers on Friday and resulting in a 150-pip rebound so far. This short-term bullish momentum is further supported by the classic Golden Cross signal, where the 20 MA crosses above the 60 MA....

Trendsharks

The NASDAQ is showing strong upward momentum as it recovers, with potential confirmation of an uptrend continuation seen through the Golden Cross—a classic buy signal. This occurs when a short-term moving average (MA) crosses above a longer-term MA, indicating buyers' dominance. While short-term corrections remain possible, traders should keep an eye on the key...

Trendsharks

The UK’s leading stock market index recently saw a 400-point decline but has since regained its bullish momentum. A Golden Cross, where the 20 MA moves above the 60 MA, confirmed a strong buy signal. The surge in buying volumes since late last week suggests increased interest from investors attracted by the index's lower valuation. While the broader uptrend...

Trendsharks

The Death Cross, a classic bearish signal where the 20-day moving average dips below the 60-day moving average, confirms that sellers are in control of USD/CAD. The pair has already declined by 150 pips, with another 100 pips of downside potential if it moves to retest the previous support at 1.3850. Over the past few hours, a 40-pip pullback occurred, but buying...

Trendsharks

Following a substantial $250 decline, gold buyers have regained strength, propelling the precious metal back into its upward trajectory. The resurgence of bullish momentum is underscored by the appearance of a classic Golden Cross pattern—a pivotal technical signal where the 20 MA decisively moves above the 60 MA, indicating a robust buy opportunity. Since...

Trendsharks

In recent days, USD/CAD has exhibited strong bearish momentum, reflecting a continuation of its downward trend. This momentum is further supported by the formation of a classic Death Cross, where the 20 MA crosses below the 60 MA —a widely recognized sell signal. Following the sustained slide, the pair experienced a pullback, briefly retesting the area around...

Trendsharks

The NASDAQ 100 recently experienced a healthy correction, dipping to 20,400, which coincides with the key 61.8% Fibonacci retracement level. This level acted as a strong support, sparking a robust bounce back to the upside. Encouragingly, the Relative Strength Index (RSI) has moved out of oversold territory, signaling a potential resurgence of buyer confidence...

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)...