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...
DAX held the 24,300 support level we highlighted previous and it has just broken out to a new high on the week and month. It looks like we will get that follow-thru to a new all-time high we were looking for so long as this level now remains intact.
If a new high is made, why stop there? Expectations of more German stimulus continues to drive markets higher. So...
During the current session, silver has started to retreat from its recent highs, posting a decline of more than 2.4% in the short term. This movement has led to a renewed bearish bias in price action, driven mainly by the strengthening of the U.S. dollar. The DXY Index, which measures the dollar’s performance against other major currencies, remains above the...
Alphabet’s recent price action suggests a brief consolidation phase following a powerful uptrend. After a sustained advance through late summer, price has developed a bull flag pattern — a downward-sloping channel (highlighted in blue) forming just below recent highs, often seen as a continuation setup within strong trends.
The 50-day SMA (blue) continues to rise...
The Nikkei 225 index continues its strong upward trajectory, maintaining a well-defined ascending channel since mid-2025. Recent price action shows a sharp rally to the upper boundary of the channel, supported by sustained bullish momentum.
Both moving averages confirm the prevailing uptrend — the 50-day SMA (blue) remains above the 200-day SMA (red), reflecting...
The British Pound/Japanese Yen pair has surged above its recent consolidation zone, signaling renewed bullish momentum after several weeks of sideways movement. The breakout follows a period of price compression between roughly 198 and 201, suggesting that volatility is returning to the market.
From a moving average perspective, the 50-day SMA (blue) continues to...
USD/CAD is trading at key resistance into the start of the week at 1.3977/85- a region defined by the 2022 high, the May high-close and the 200-day moving average. Risk for possible inflection exhaustion / inflection off this zone in the days ahead.
Monthly open support rests at 1.3920 and is backed by the 2022 high-close / 2023 high at 1.3881/99. Broader...
Following last week's powerful rally, the DAX’s overall uptrend remains intact, with this week's consolidation serving as a healthy pause for momentum to reset. As long as short term support around 23,750 holds, any pullbacks could be supported by the bullish traders looking to chase momentum, rather than signs of weakness. Even if the index dips a bit lower, this...
Netflix shares are going through a difficult period, as the streaming giant has posted five consecutive losing sessions, with a decline of around 4.5% in recent trading days. For now, the selling bias has become dominant, driven by the viral "Cancel Netflix" campaign circulating on social media, where many users have decided to cancel their subscriptions following...
So much for the government shutdown. US equity indices have rallied again today, thanks to ongoing bullish momentum and AI optimism. Bets that the Fed easing will continue to support corporate earnings are keeping the bulls fully in charge with traders continuing to take the ongoing US gov shutdown in their stride..
While tech stocks continue to shine -- led by...
Over the last three trading sessions, USD/MXN has posted a gain of more than 0.6% in the short term in favor of the U.S. dollar. For now, buying pressure has remained steady, partly due to the ongoing government shutdown in the United States, which has allowed the dollar to recover in the short term. This situation has triggered an outflow of capital from...
The FTSE 100 (+0.7%) has continued to push higher along with other European indices. The UK benchmark index has actually hit a new record high today to close in on the 9,500 level. Distributor Bunzl (+4%) leads the blue chips while miners such as Fresnillo are also among the gainers amid rallying metals prices.
As we have been banging on about it, the FTSE...
The USD/CAD advance exhausted into the median-line of an ascending pitchfork extending off the July low and the immediate focus is on a reaction off this mark.
The resistance zone in focus is at the 2022 high / 200-day moving average / 2020 March weekly reversal close at 1.3978/90. A topside breach / close above this threshold is needed to fuel the next major...
USD/JPY is testing critical support this week at 146.54/70- a region defined by the March low and the 38.2% retracement of the April advance. Note that basic trendline support extending off the yearly low converges on this threshold into the October open and the focus is on a possible inflection off this key zone.
Initial resistance is eyed with the 200-day...
The Russell has bounce off its lows a tiny bit but could we now see a more decisive recovery heading deeper into the U.S. session?
The markets have been holding firm with tech sector leading the spx500 to a new high today, even though the index then came off earlier highs amid profit taking with government shutdown making things complicated.
Still, the trend is...
The AUD/USD is one of my favourite long plays right now owing to a risk on rally, rallying metal prices, a more hawkish than expected RBA, and the US dollar being under pressure across the board.
Dip-buyers will need to step in around current levels near 0.6580 to maintain control. This level was support/resistance in the past, and my expectations are that it...
The S&P 500 continues to grind higher within a well-defined rising channel, holding above both the 50-day SMA (6,486) and the 200-day SMA (6,023), which reinforces the broader bullish structure. Price action has respected the channel boundaries since May, with the recent bounce off the mid-line suggesting buyers remain in control.
Momentum indicators support the...
USD/MXN continues to trade within a descending channel, maintaining pressure after failing to reclaim the 50-day SMA (18.60) and staying well below the 200-day SMA (19.51). The broader trend remains bearish, with lower highs and lower lows firmly intact.
Currently, price is testing the 18.50 zone, just above the 61.8% Fibonacci retracement (18.17) of the...
