Lower U.S. Treasury yields helped trigger a downside break in USD/CHF on Wednesday, with the pair slipping below a zone that includes the 50-day simple moving average and .8000 support. RSI (14) has broken its uptrend and moved below 50, suggesting momentum is shifting toward the bears. MACD hasn’t confirmed yet but is rolling over and already sits in neutral...
After breaking above 6677 yesterday, the S&P 500 created a higher high on the intraday charts, and so today's gains were a continuation of that move. But the index has now arrived into the next potential resistance area between 6720-6740, which was a key short-term support zone before the breakdown we saw on Friday. Could we see some volatility around this zone...
Recent mixed price and momentum signals on the S&P 500 suggest traders should keep an open mind on whether to play the index from the long or short side in the near term.
For the bulls, the strong bounce from a zone comprising the 50-day moving average and May 23 uptrend over the past two sessions suggests the buy-the-dip trade remains alive despite Friday’s...
Since the beginning of the week, the Dow Jones Index has maintained a notable bullish bias, extending a two-day winning streak as the equity benchmark posts a gain of around 2.20% in the short term. For now, buying pressure has supported the price recovery following the sharp correction seen last Friday, which was triggered by the escalation of trade tensions...
Markets recovered sharply from their earlier lows on the back of comments from US Trade Representative Jamieson Greer, who told CNBC that Donald Trump was still set to meet Chinese premier Xi Jinping. But it remains to be seen whether the US and China will come to some sort of an agreement, perhaps an extension of the tariff truce. That scenario looks more likely...
Bitcoin (BTC/USD) has experienced a sharp decline after failing to sustain gains above the 123,200 resistance zone. The drop has brought price back toward the 111,000 area, a key horizontal support level that has previously acted as a pivot point within the broader range.
The 50-day SMA (near 115,000) has now turned slightly downward, while the 200-day SMA...
USD/MXN continues to trade within a well-defined descending channel that has guided price action since March. The pair recently rebounded from the lower boundary of this structure near 18.20 and is now testing the upper trendline resistance around 18.55–18.60.
The 50-day SMA (18.55) aligns closely with this resistance area, reinforcing its technical significance,...
USD/CAD has pushed through the 200-day simple moving average (SMA) near 1.3970, marking a notable shift in momentum after several months of consolidation. The breakout also coincides with price action moving decisively above the 1.4025 horizontal resistance zone, which previously capped multiple upside attempts.
The 50-day SMA (around 1.3850) has been trending...
Donald Trump wants lower interest rates. He may well get his wish soon, at least at the front of the U.S. Treasury curve. The chart you’re looking at has two panes. On the left, we have U.S. two-year Treasury futures. On the right, we have two-year U.S. Treasury yields. The former uses a weekly tick, the latter daily.
With futures coiling in a well-defined...
Gold prices ripped to fresh record highs this today, with XAU/USD attempting to mark a ninth consecutive weekly advance.
XAU/USD testing confluent technical resistance early in the week at 4,100/113- looking for a reaction off this mark in the days ahead with the immediate long-bias vulnerable while below.
Support rests at 3,976with near-term bullish...
Gold has continued to soar, setting new record highs today and dismissing concerns that prices may have gotten too hot. As traders, we will take it from level to level and assess the situation accordingly. The recent price action has left behind a few tradeable levels. The first line of support now comes in at 4059, marking last week's high. Below that is Friday's...
The USD/JPY has reversed along with many other FX majors and indices, as markets have turned risk off all of a sudden. Today's bearish engulfing candle could the the start of a new bearish trend on the USD/JPY and we could see 150.00 in early next week, and potentially lower.
Markets were in desperate need of a catalyst for volatility, and it seemed like nothing...
The U.S. small-cap contract has struggled above 2492 recently, delivering multiple failed bullish breakouts from the high established on September 23. With bearish divergence between price and RSI (14) evident, the longer this iffy price action persists, the more it may encourage bears to seek out a larger downside flush.
Should we see another failed breakout...
Nvidia’s stock has gained more than 4% over the last three trading sessions. The price currently hovers slightly above $190 per share, marking new record highs and moving closer to the psychological level of $200.
Buying pressure has intensified after the U.S. government authorized a series of agreements allowing the export of advanced artificial intelligence...
It was a strong first half of the year for EUR/USD, and bulls had an open door to run with matters around the Fed's rate cut in September. It's what's happened since that dims matters on the long side, as an initial pullback from the rate cut announcement bounced into a lower-high, which then led to a lower-low and there's been a further unraveling ever since....
I last looked at the build of a falling wedge in the USD in these pieces a couple of weeks ago, as we had a push of higher-highs and lows after the Fed's rate cut announcement.
That theme pushed to fresh highs today as DXY broke out of a falling wedge formation, and while the initial rally in October was very much pushed along by a weak Yen the move today is...
Silver hits $50, breaking 2011's record high. The precious metal is now up 73% so far in 2025, outpacing both gold (53%) and S&P (14.5%). How high can it go? or will we se a dip first? In any case, trend is strong and we wouldn't advise fighting it.
By Fawad Razaqzada, market analyst with FOREX.com
Sitting in a descending triangle pattern, a downside break of 2.0300 in GBP/AUD may elicit further selling, putting lower levels in play.
Should we see a decisive break of 2.0300, shorts could be established with a tight stop above for protection, targeting 2.0065, which the price tagged on multiple occasions earlier this year before staging a decisive break...
