USD/CHF extends the rebound from the August low (0.7986) to carve a series of higher highs and lows, and a move/close above the 0.8030 (38.2% Fibonacci extension) to 0.8080 (23.6% Fibonacci retracement) zone may push the exchange rate toward the August high (0.8172).
A move/close above 0.8200 (23.6% Fibonacci extension) opens up the June high (0.8250), with the...
USD/JPY appears to be bouncing back ahead of the August low (146.22) as it carves a series of higher highs and lows, and a close above 148.70 (38.2% Fibonacci retracement) may push the exchange rate toward 150.30 (61.8% Fibonacci extension).
A breach of the August high (150.92) opens up the March high (151.31), with the next area of interest coming in around...
USD/MXN is showing signs of a potential shift after months of steady declines within a well-defined descending channel.
The pair recently found a floor near 18.50, which aligns with the lower boundary of the channel, and has since rebounded back above its 50-day SMA for the first time in weeks. This suggests selling pressure is easing, with early signs of a...
EUR/USD is showing signs of indecision after its strong summer rally, with the pair now consolidating below a key descending trendline.
Price has struggled to clear the 1.1740–1.1750 zone, which aligns with the 78.6% Fibonacci retracement of the prior downswing. Sellers have defended this level consistently, creating a series of lower highs while support around...
Gold has finally broken free from its months-long consolidation, and the chart signals a decisive bullish breakout.
Price had been coiling within a contracting triangle pattern since April, capped by resistance around $3,430. Last week’s strong move above that ceiling, followed by accelerating momentum, confirms buyers are back in control.
The 50-day SMA is...
GBP/USD ran into resistance at 1.3550, the falling trendline resistance dating back to the 1.3788 2025 high, and rebounded sharply lower. The price aggressively broke below the 50 EMA. However, the price has found support at the 100 EMA, for now.
The price has found support around 1.3350 support zone and recovered back above the 100 EMA. A break below here could...
Having completed something resembling a three-candle morning star reversal pattern, clearing downtrend resistance running from the record highs struck last month in the process, some upside may be on the way for bitcoin.
With RSI (14) breaking its downtrend and MACD starting to curl higher towards the signal line, there’s early evidence bearish momentum may be...
Over the past two trading sessions, the Dow Jones index has declined by just over 0.7%, with selling pressure remaining constant. This move has been tied to the rebound in U.S. 10-year Treasury yields, which climbed to 4.27%, reducing the short-term appeal of equities. In addition, investors are awaiting the release of U.S. employment data at the end of the week,...
Last year saw only two days with gold closing below the $2k level, and the way that happened was informative, and that continues to carry weight with the metal hitting a fresh all-time-high this morning.
Gold initially rallied up to $2k in the aftermath of Covid stimulus coming online in 2020. Interestingly, that high was hit in August, when Bitcoin was still...
AUD/JPY approaches the August high (97.07) as it stages a five-day rally, and a breach of the July high (97.43) may push the exchange rate toward the 97.90 (23.6% Fibonacci extension) to 98.30 (38.2% Fibonacci retracement) region.
Next area of interest comes in around the January high (99.17), but AUD/JPY may no longer reflect a bullish price series if it...
NZD/USD snaps the series of higher highs and lows from last week after struggling to push above the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) region, and lack of momentum to hold above 0.5830 (38.2% Fibonacci retracement) may push the exchange rate toward the August low (0.5800).
A move/close below the 0.5740 (78.6% Fibonacci...
Gold broke through key resistance last week at the former record high / June high at 3432/51 with XAU/USD rallying to fresh record highs today. Price is poised to mark a sixth-consecutive daily advance with gold now trading just below uptrend resistance.
Initial support rests with the median-line (blue- currently near ~3470) and is backed again by 3432/51-...
Gold is approaching breakout confirmation toward new all-time highs, with daily RSI signaling overbought conditions. However, price action remains near a critical resistance zone needing further confirmation for a breakout; and, in times of heightened uncertainty, momentum indicators rarely constrain gold’s bullish potential.
• A clean hold above 3500 and 3,540...
Crude oil is currently supported by a combination of energy sanctions, geopolitical tensions, and rate cut expectations — with price action eyeing the $70 barrier as long as it holds above $65.20.
WTI maintained its rebound above the 61.80–62.00 support zone — aligning with the neckline of the previous inverted head and shoulders formation — and has broken above...
Hang Seng Tech continues to struggle above 5800, reversing lower after another failed probe above the level on Monday, mirroring price action seen earlier this year. While the broader trend is undeniably bullish, without a definitive break and close above 5856, near-term directional risks may be lower.
If we were to see another failed push above 5800 on Tuesday,...
The DXY rebound between July and August has shaped a head and shoulders pattern. The chart is now testing the downside breakout, with the daily RSI turning bearish and slipping below the 50 level. A clean break below the 97.50 support could extend losses toward 97.20 and 96.50, with the full head and shoulders pattern pointing to a potential move down toward the...
A notable head and shoulders continuation pattern is forming on both the EURUSD and DXY charts, suggesting possible extended bullish movement for the euro and further bearish pressure on the dollar.
EURUSD is holding at the neckline of the possible inverted head and shoulders formation. The daily RSI is accelerating above the 50-mark, supporting the bullish...
Sitting in an established downtrend and having just printed a bearish engulfing candle to end August, downside risks for U.S. long bonds look to be skewing lower. Throw in momentum indicators which are generating a mildly bearish signal and support at 116’06 may soon come under threat.
UB futures have bounced from this level the last four times it’s been tested,...
