Toward the end of the week, the Nasdaq index began to retreat, posting a decline of at least 1.5% in the short term, as a new bearish bias has started to emerge strongly, preventing the index from reaching the historical highs again. For now, the momentum driven by expectations of lower interest rates has begun to fade in recent sessions, while corrections in...
In line with gold’s momentum and the industrial demand for silver—particularly from the growing tech and AI sectors—a clear hold above the 40 mark may extend gains toward 42, aligning with the upper border of the uptrending channel respected since 2023. A breakout beyond that border may offer a more comfortable bullish outlook for silver, with potential upside...
As gold's price action continues to narrow within a 5-month consolidation, traders await confirmation of whether the formation represents an inverted head and shoulders pattern with an extended right shoulder, or a triangle consolidation—keeping markets on edge for a breakout signal.
The 3450–3500 zone stands as a critical resistance barrier. A confirmed breakout...
Thursday’s bullish engulfing candle has seen EUR/CHF push back above the key 50DMA, a level that has consistently offered support and resistance over recent months with very few false breakouts. With the pair now testing horizontal resistance at .9363, a potential break of the downtrend it’s been sitting in since August 18 may be on the cards.
There are several...
Despite consistently beating market expectations with strong earnings, Nvidia’s Q3 outlook is under pressure. China’s restrictions on importing Nvidia’s H20 chips due to security concerns have weighed on the stock, preventing it from reaching new highs.
Both Nasdaq and Nvidia shares are still trading below their respective record highs, limiting upside potential...
Japan’s top trade negotiator, Ryosei Akazawa, cancelled a visit to Washington at the last minute, stalling talks over a $550 billion investment package Tokyo had proposed in exchange for tariff relief.
President Trump framed the offer as “our money to invest,” asserting that the US would retain 90% of the profits, while Japanese officials clarified that any...
The Germany 40 contract is trading through the 50-day simple moving average, a level that’s been tested frequently over the past month but never closed below until Wednesday. Should the price be unable to reclaim the level, a short setup may be in order.
While some may be prepared to establish shorts beneath the 50DMA with a tight stop above for protection, the...
Over the last three trading sessions, EUR/USD has shown a variation of just 0.25%. For now, a consistent neutral bias prevails in the short term, as the market continues to digest recent comments from central banks. Attention is now turning to upcoming employment and inflation data, which will be key to gaining a clearer perspective on future monetary policy...
EUR/CAD is under pressure after failing to close above 1.6220 (50% Fibonacci extension), and lack of momentum to hold above 1.6050 (38.2% Fibonacci extension) may push the exchange rate toward 1.5950 (100% Fibonacci extension).
A move/close below 1.5830 (23.6% Fibonacci extension) brings the monthly low (1.5805) on the radar, with the next area of interest coming...
Gold has been consolidating within a broad range for several weeks. This type of price action often precedes a breakout in the direction of the prevailing trend i.e., to the upside. That said, confirmation is still needed. For me, that would come with a daily close above the bearish trend line that has capped prices since April’s peak. Should this occur—and...
The last few trading sessions have been particularly challenging for Bitcoin’s bullish momentum in the short term, mainly because two sessions ago the price dropped by more than 6%. This pullback was driven by profit-taking, following Powell’s comments at Jackson Hole, which had sparked a brief surge in confidence toward the end of last week. However, the current...
Chinese reflation hopes have combined with renewed concerns over the U.K. fiscal trajectory to generate an interesting short setup from a purely fundamental perspective in GBP/AUD. The technicals are also supportive given where the pair sits on the charts.
If GBP/AUD breaks support at 2.0750 and holds there, shorts could be established with a stop above the level...
NZD/USD seems to be defending the rebound from the monthly low (0.5800) as it retraces the decline from the start of the week, with the recovery in the exchange rate keeping the Relative Strength Index (RSI) out of oversold territory.
A move/close above the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) area may push NZD/USD back toward...
Gold Technical Outlook:
Trend: Gold has been in a sustained uptrend since late 2024, holding well above the 200-day SMA (3,062) and stabilizing around the 50-day SMA (3,346).
Resistance: The top of the consolidation range sits near 3,430–3,450, a key barrier that has rejected multiple breakout attempts.
Support: On the downside, the base of the range is marked...
Technical outlook:
Trend: The pair remains locked in a downward channel since late April, with price respecting both the upper and lower boundaries. This confirms a well-defined bearish structure.
Resistance: The upper channel line and the 50-day SMA (18.75) converge as a strong cap. Above that, the 19.07–19.49 zone is the next resistance cluster.
Support:...
EUR/USD Technical outlook:
Resistance: Price is capped by a descending trendline from the July highs, aligning near the 78.6% Fibonacci retracement around 1.1745, which is the key ceiling to watch.
Support: The horizontal structure at 1.1580 is repeatedly tested but holding firm, making it a crucial pivot. Below this, the 50-day SMA (1.1656) has also been acting...
Small caps have surged higher in recent days as investors warm towards companies most exposed to the domestic US economy, in part thanks to rising expectations for interest rate cuts.
The Russell is also showing clean price action from a bullish point of view: breaking key levels and defending them. Once such level was around 2325 which it took out on Friday in...
Oil is bearish below 70.00; it trades below its falling trendline, 200, 50, and 20 SMA.
The price recently recovered from the 61.50 low but ran into resistance at 64.50, the 20 SMA.
Sellers will look to take out support at 61.50 and 60.00 to extend losses towards 55.50, the 2025 low.
Should bulls break above the 20 SMA and 65.00 round number, this opens the door...
