Euro plummeted more than 3.1% from the yearly highs with price exhausting into technical support for the past three-weeks and the focus is on possible inflection into this zone with the medium-term risk still weighted to the downside while below the monthly open (1.1734).
Initial weekly support rests with the July low-week close (LWC) / 61.8% retracement of the...
Following the weaker US cpi report, risk assets have all rallied and copper is among those. The metal broke out of a triangle continuation pattern yesterday and held above $5.00 key level. With optimism over US-China sending stocks to new records today, copper could follow suit and gain further ground in the days and weeks ahead. Watch out for more upside...
Following the heated headlines on gold and silver — driving long lines outside jewelry stores and fueling intense media coverage and momentum — a contrarian signal has emerged. This signal was confirmed by classic reversal patterns, triggering the 300+ point selloff we witnessed this week.
Gold Outlook:
On the 4-hour chart, gold prices have formed a double-top...
On the 4-hour chart, both DXY and EURUSD are consolidating near key levels, with DXY leaning bullish and EURUSD leaning bearish.
DXY Outlook
A breakout above 99.15 could redirect gains toward 99.50, setting up another test before confirming a move higher toward 100.20 (July 2023-September 2024 resistance), then 101 and 103.
On the downside, a hold below 98.80...
After three failed probes beneath $48 and a bullish engulfing candle, some upside may be in store for silver.
While entry on a pullback would be preferred, longs could be considered around current levels with a stop below $48 for protection, targeting $51, which acted as both support and resistance earlier this month.
Even though the momentum picture has changed...
Nice breakout from a triangle continuation pattern in copper prices today. It looks like the metal has found a good base around $5.000 now and after a few days trying to test waters below this level, where the bears failed to exert pressure, prices have now broken higher. Good sign about global growth, apparently. We have seen stronger Chinse data this week. Can...
ETH/USD is clinging to uptrend support, providing a level that can be used to build setups around. The first thing that stands out is the inability for the price to bounce meaningfully, differentiating it from last week, at least so far. Secondly, prior to Wednesday’s bearish candle, there was a string of dojis, indicating that while the recent price action has...
The volatility in gold continues. The metal fell a further 2.6% to close in on $4,000, extending drop from Monday's all-time high to over 8% amid profit-taking and dollar strength. It had staged a decent bounce yesterday but that turned out to be a dead-cat. Anyway the area between around 4000 to 4022 is where the trend line, round 4K handle and 21 day exponential...
Platinum was slaughtered along with every other precious metal on Tuesday, delivering on the risk we flagged 24 hours earlier. Given the scale of the move, the question everyone is now asking is whether that was it? I don’t know personally, but the bearish key reversal candle that printed only adds to the signals from longer timeframes in recent weeks, warning of...
*TRUMP: MAYBE MEETING WON'T HAPPEN WITH XI
That was enough to cause the S&P to give up its earlier modest gains, as the index traded near an all-time high and resistance around 6750 where it had struggled in recent weeks. At the time of writing, it was bouncing back again, but let's see what it wants to do around 6750 now.
A couple of Fridays ago it tumbled from...
The USDJPY is currently trading above the mid-zone of a well-respected ascending channel that has been in place since the April 2025 lows, and below its upper boundary. Two critical confirmation levels define the near-term projection:
• Bullish Scenario:
o A sustained hold above 150 (the channel’s mid-zone) keeps the price aligned with the upper boundary near...
The USDCAD pair is holding below the upper boundary of an ascending channel that extends from the June 2025 lows, while maintaining a position above key support at 1.4000 — a previous resistance level turned support.
The 1.4080 mark represents a critical resistance zone, aligning with:
• The upper channel boundary.
• The trendline connecting highs from July to...
Fresh record highs for the FTSE 100 contract may be on the cards, with consecutive bullish signals pointing to growing upside risks.
The first arrived on Friday with a hammer candle on the daily chart, rebounding strongly after testing the 50-day moving average. That was followed on Monday by another large bullish bar that saw the price break out of the falling...
Following the overnight gains, the USD/JPY has now turned negative on the day after failing to hold above Friday's hammer candle. The pair hit resistance around the 151.00 level, and has now fallen below the head of the hammer candle from Friday's range at 150.64. Short-term bias bearish now while it holds below 150.64. Next target for bears is 150.0 and then...
Platinum’s breakneck rally since June looks at risk of reversing, with the last two weekly candles delivering notable topping patterns. A shooting star from above $1,700 was followed by an enormous bearish pin, doubling down on the message. With momentum indicators like RSI (14) and MACD rolling over but still in overbought territory, selling into rallies is...
This week’s rally marks the largest single-week range on record and the ninth consecutive weekly advance— the first such streak since August 2020, when the yearly high was registered. Weekly momentum has also surged to its highest level since April 2006, which likewise coincided with that year’s peak in gold. These technical observations suggest that while the...
Gold finally succumbed to profit-taking pressure today as it sold off nearly $180 from its intraday record high of $4380, representing a sizeable drop. Hardly a surprise to be fair, with the market being so severely overbought. Potentially it is not the end of the trend, but a large bearish engulfing candle at the peak here does point to at least a temp top, which...
Crude oil prices are tracing another plunge back to yearly lows amid mounting oversupply, weak demand, and tariff concerns. New 2025 lows may be reached in the short-term horizon, aligning with the lower boundaries of a 3-year down trending channel
From a weekly time frame perspective, crude oil is facing the lower border of a three-year descending channel...
