Gold has bounced back today after retreating on the back of the FOMC decision – hardly a surprise, given the dollar’s bounce. Because gold is priced in dollars, the relationship is crucial: when the dollar strengthens, gold often softens. The question now is whether gold's latest pullback from a record is the start of something more meaningful, or just a pause...
We’re approaching what may be a key moment for bitcoin’s medium-term directional risks, with the price sandwiched between horizontal resistance at $117,600 on the topside and the 50-day moving average and September uptrend on the downside. Whichever way it breaks—if that happens—may provide clues as to whether we’ll see another retest of the record high of...
USD has rallied since the Fed's rate cut announcement yesterday and that bullish DXY move continued through Thursday. If looking for USD-strength to continue, USD/CAD and perhaps even USD/JPY remain in order, but this setup is for those looking for USD-weakness to prevail.
In that case, there's how a pullback in EUR/USD following the breakout from the bull...
It's been strength in the Dollar since the Fed's rate cut, and this begs the question as to whether we'll see a repeat scenario as last year, when the Dollar set a fresh yearly low when the FOMC cut rates, only to rally and hold that low into the end of the quarter.
The pricing in of rate cuts can be very bearish. But the Fed was a bit less-dovish in their...
An obvious bearish reversal pattern has tilted near-term directional risks for silver lower, but unless we see a clean break of uptrend support, traders should keep an open mind on whether to play the metal from the long or short side. The uptrend is located around $41.30 today.
If the price were to breach and hold beneath the level, shorts could be established...
Initial support comes in at $3655/50 area, followed by $3564, before the focus turns to the more significant $3,500 level. Will we see a dip to any of these levels today, and get a bounce? Well, a lot depends on the FOMC.
Yesterday saw sold and stock averages both pulled back in unison from record highs ahead of the FOMC rate decision, suggesting the move was...
Banging up against resistance within an ascending triangle, traders should be on alert for a possible bullish breakout in EUR/JPY.
A clean break above 173.90 could see longs established with a stop beneath for protection, looking for either 174.50 or the July 2024 swing high of 175.42, depending on desired risk-reward from the setup.
Slight negative divergence...
The chart shows the US100 (Nasdaq 100, daily timeframe) extending its bullish momentum within a rising channel. Here’s the breakdown:
Trend & Structure:
The index has been in a steady uptrend since rebounding from its April lows, with price action respecting the boundaries of the ascending channel. It remains above both the 50-day SMA (23,416) and the 200-day SMA...
The chart shows Silver (XAG/USD, daily timeframe) continuing its bullish advance within a well-established ascending channel. Here’s the breakdown:
Trend & Structure:
Silver has maintained strong upward momentum since mid-June, trading comfortably above both the 50-day SMA (38.91) and the 200-day SMA (34.22). The rising channel highlights persistent demand and...
The chart shows USD/MXN (daily timeframe) under steady bearish pressure, extending its decline inside a well-defined descending channel. Here’s the breakdown:
Trend & Structure: Price has been moving lower since the peak near 21.00 earlier this year. It is now trading below both the 50-day SMA (18.67) and the 200-day SMA (19.61), reinforcing the bearish...
EUR/USD and DXY did not want to wait around for the FOMC meeting tomorrow. It's been a strong breakout so far with the pair pushing up to a fresh four-year high and at this point, bulls have an open door to make a run on the 1.2000 handle.
Leading into this setup and looked at in these posts, there was both a bull pennant and an inverse head and shoulders...
The US dollar has been broadly weaker against most major currencies, with the exception of the Japanese yen. That is, until today. The USD/JPY had been holding up relatively well but today the pair has slipped around 0.5% after breaking below the 147.00 support level, raising the risk of a deeper bearish move.
The market had tested this level several times in...
Oil prices have been consolidating within a triangle formation since the June 2025 high, which was triggered by the Israel–Iran escalation. Price action has traced a sequence of lower highs and higher lows, holding above the critical $61 support.
With five legs unfolding inside the triangle, a potential bullish breakout could take shape if the price holds above...
Silver may be about to embark on another leg higher, bouncing strongly in Asia to move back towards resistance above $42.73.
Having tested the level multiple times earlier in the session only to be knocked back lower, a close above it on the hourly—or a definitive push to fresh highs—may be enough to draw in additional longs looking for an extension of the...
Alphabet’s stock has started the week with a strong bullish bias, posting a gain of more than 4% in the short term. Buying pressure has remained solid as the company surpassed $3 trillion in market capitalization for the first time and delivered strong performance in its cloud services in recent months. Both factors have reinforced investor confidence, suggesting...
While most other major indices have been busy breaking records, the DAX has not been doing much, instead continuing to consolidate its big gains from the past when it was outshining other markets. But with sentiment remaining positive towards European and global markets, the risks remain skewed to the upside, especially given that the long-term support area of...
The FTSE 100 continues to trade above its multi-month rising trendline. The price has extended its recovery from the 9100 September low, rising above to a peak of 9340 last week, just shy of the 9360 record high.
Buyers will need to extend gains above 9360 to head towards fresh record highs. 9500 is a logical next target
Support is seen at 9150, the 50 SMA, and...
Gold is coiling within a bull pennant pattern on the hourly, pointing to the potential for a topside break and eventual retest of the record high at $3674.80.
Should we close above pennant resistance, longs could be established on the break with a stop beneath for protection. $3656 looms as an initial target, given the price tagged it on no fewer than 11...
