Chart Analysis:
USD/MXN has broken below a key ascending trendline (blue), suggesting potential weakening in the bullish momentum observed since mid-2024.
1️⃣ Key Support Breakdown:
The pair closed below the ascending trendline at 20.25, signaling potential bearish pressure.
The next key support lies near 20.00, a psychological level and a significant...
Chart Analysis:
GBP/USD has rebounded strongly, approaching the critical resistance at 1.2500, a level that has served as support-turned-resistance in prior sessions.
1️⃣ Key Resistance Level:
The horizontal level at 1.2500 is a key inflection point, with a breakout above it potentially signaling further upside momentum.
Rejection at this level may see the pair...
Chart Analysis:
The S&P 500 is at a critical juncture, trading just below a significant horizontal resistance level near 6,114.
1️⃣ Key Resistance Level:
The horizontal level at 6,114 represents a pivotal resistance, as prior attempts to breach this zone were met with selling pressure.
A successful breakout above this level could signal further upside potential...
Unless we see a significant rally into Friday’s close, the US Dollar Index (DXY) weekly chart suggests the cycle high may already be in. The current three-candle pattern resembles a textbook evening star, often seen at turning points. An opposite morning star signal in early December proved accurate, as did the evening star in late June last year.
This latest...
The German index has recorded eight consecutive sessions of gains, appreciating more than 5% in the short term. The price level of 21,400 points now stands as the all-time high barrier for the current long-term bullish trend.
Strong Trend:
The bullish momentum that emerged after the significant drop in August 2024 has been key to the continuation of the...
The USD/MXN has broken its bullish trend line, and has now moved back below the key 20.500 level. Is this a turn in the tide? The Mexican peso has enjoyed a relief rally along with other risk assets in the last few days, but whether or not it can rise further will depend partly on any new tariff announcements from Trump, and their scale...
Trump's Speech at...
Chinese policymakers have unveiled another round of measures aimed at boosting sentiment and valuations in mainland stock markets, pushing insurers and state pension funds to increase future allocations.
Who knows whether it will work—the headlines are essentially recycled with a bit of extra detail. Previous stimulus attempts have also fizzled fast, as the price...
After two days of Trump’s official inauguration at the White House, the market maintains a short-term optimistic bias. This has allowed the price to rise by more than 1.5% as expectations grow for low-tax policies that could potentially boost domestic consumption in the United States.
Steady Trend:
The growing wave of buying positions has brought focus back...
EUR/USD is now more than a couple hundred pips off of last week's low, which was marked by the Fibonacci level at the 1.0200 handle. The pair retains breakout potential and as of this writing, it's been higher-lows every day since that 1.0200 test a week and a half ago.
The big zone overhead is the support that was sliced through in December and that can be...
In the last three sessions, EUR/CHF has risen nearly 1% , tilting the balance in favor of the euro as the Swiss franc weakens. Now, buying positions are preparing to face the most significant resistance that has acted as a barrier since August 2024.
Solid Lateral Range:
The movements in recent months have been indecisive, resulting in a consistent range...
Before diving into Fibonacci theory, let's first answer the question, "Who is Fibonacci?" After all, knowing the history will give you the background you need to understand how this trading theory is rooted in mathematics and history. Leonardo Pisano, better known as Leonardo Fibonacci, was a European mathematician in the Middle Ages. He wrote Liber Abaci (Book of...
Chart Analysis:
The USD/CAD pair continues to trade within a defined consolidation box, reflecting indecision and range-bound behavior.
1️⃣ Consolidation Box:
The pair has failed to decisively break above the upper boundary near 1.4460 or below the lower boundary around 1.4280.
This range-bound behavior suggests that traders remain uncertain about the next...
Chart Analysis:
Amazon's price action showcases a breakout from a consolidation channel (green shaded area), confirming the resumption of its broader uptrend.
1️⃣ Rising Trendline Support (Blue):
The price continues to respect the ascending trendline originating from September 2024 lows.
This trendline acts as a dynamic support zone, reinforcing the bullish...
Chart Analysis:
Apple's stock price has broken below a long-standing ascending channel, signaling a potential shift in its bullish structure.
1️⃣ Ascending Channel (Green Shaded Area):
Price has decisively broken below the lower boundary of the channel.
This breakdown suggests increasing bearish pressure, especially as the price approaches key support...
"We will drill, baby, drill"
That's what Donald Trump said yesterday and is what makes me think oil is headed lower in longer-term outlook, or at best upside should be limited in long-term.
In short-term a lot can happen of course, but right now the path of least resistance appears to be to the downside.
WTI has been trending lower in the last few days and...
The EURUSD chart is consolidating near a potential reversal point, supported by the Relative Strength Index (RSI), which has rebounded from oversold levels seen in 2023. The 1.0170 level serves as a critical point for the EURUSD’s downtrend from September 2024 to January 2025.
Upside Potential:
If the euro holds above this level, it could climb toward 1.0520,...
Gold is peeking above resistance at $2725, extending the bullish trend in place since late December.
If it can push above this level and preferably close there, it creates a decent bullish setup, allowing for longs to be established above with a tight stop beneath for protection.
The obvious target would be the record high of $2790 set in late October....
The slight surge in confidence driven by the rise of cryptocurrencies $Trump and $Melania pushed Bitcoin’s price up by more than 5% to a new high of $109K . However, the volatility caused by Trump’s inauguration day has pulled the price back to the barrier of $105K in the short term.
Short-Term Sideways Range
A consistent sideways range continues to form...
