ftdsystem

ftdsystem

Gold’s horizontal move ended on Friday with the breakdown of the short-term support at 3025. Since then, the critical 3000 level has been tested twice but is still holding for now. The short-term trend has turned bearish, leaving gold prices stuck between the downward pressure from above and key supports at 3000 and the 200-hour moving average. Trump's recent...

ftdsystem

Last week, USDJPY got rejected from the cup&handle's 150 resistance, then break the 149 support, fell sharply. The recovery is in process but the broken trendline is a major hinderance in front of USDJPY bulls. Now the trendline and 150 resistance converged and USDJPY is trying another attempt towards this key resistance. As long as it holds, there is a good...

ftdsystem

Bitcoin has started moving toward the trendline after a brief pullback, testing the key support zone and finding footing there. The move toward the yellow downtrend line will likely continue this week. After testing the trendline, the market’s real direction should become clearer. 86750 (horizontal support) and 85000 (uptrend support) are key levels to watch,...

ftdsystem

Broadcom, one of the key favorites in the AI rally, is at a crossroads. AVGO has been in a steady logarithmic uptrend since October 2022, carrying the stock price from 41.51 to 251.88, marking an impressive 506% gain in about two and a half years. The company's EPS has been consistently increasing over the years and is expected to accelerate further this year....

ftdsystem

EURUSD has flattened out after its strong upward move from around 1.0350 to 1.0950. The bullish momentum has eased, with Europe’s new spending plans priced in, most of the tariff impact accounted for, and markets digesting the FOMC forecasts. Now, the focus shifts to the next major decision point. There are three possible scenarios: 1-This is a double top...

ftdsystem Updated 

Silver has broken below the 33.50 support and is retreating quickly. The main support lies around the 32.95 area, where both the uptrend line and the 38.2% Fibonacci retracement level converge. This zone could potentially offer a buying opportunity, provided the support holds. However, if Silver breaks below 32.95 and retests it from underneath, it could also...

ftdsystem

Bitcoin has broken out of the ascending triangle and is starting to regain some lost ground. While the medium-term trend remains downward, if BTC holds above the upper boundary of the triangle (around 85K), another leg higher with a potential target between 90K and 91K becomes more likely, depending on the pace of the move. Supporting the bullish case are factors...

ftdsystem

EURCHF is approaching the 0.9510 support level ahead of the SNB decision. Markets are currently pricing in a 25 basis point rate cut with a 68.1% probability. However, the recent relief in the Swiss franc may give the SNB reason to hold rates steady. Our view is that the SNB will proceed with a 25 basis point cut today, and the 0.95–0.9510 support area is likely...

ftdsystem Updated 

Gold is rising, forming a series of flag-like patterns. Only a few hours remain until the FOMC decision, which could determine the next leg of this move or break the short-term cycle, leading to a retest of the 3000 level. Key levels to watch are 3025 as support and 3045 as resistance. On the downside, the first target is the 3000–3006 zone, which includes both...

ftdsystem

USDJPY has formed a cup-and-handle pattern just below the 150 level. Today, the Bank of Japan kept interest rates steady at 0.50%. Wage negotiations so far indicate a 5.46% wage increase, which Governor Ueda described as "somewhat strong." Combined with rising food prices, the risk of further inflation has increased. Japan's inflation has remained above 2% since...