The latest movements in the EUR/USD pair have been highly indecisive in the short term, with strength constantly shifting between the U.S. dollar and the euro. This is due to the increasingly neutral stance of both currencies, fueled by the ongoing tariff-related turmoil from the White House. Initially, these policies significantly strengthened the U.S. dollar,...
Oil prices have fallen noticeably since Trump’s last minute deal to delay tariffs. Yesterday’s rebound on Trump's "maximum pressure" plan for Iran has proven to be short-lived. The negative effect of a US-China trade war on demand, as well as rising global supplies, is what is holding back prices. Even if Trump hadn’t delayed tariffs on Mexico and Canada, when...
Gold hit another record high today at $2,877/ounce, approaching critical resistance levels at $2,890, $2,920 (the trendline connecting consecutive higher lows between February and November 2024), and the psychological checkpoint at $3,000.
Trade war risks between the world’s two largest economies, the U.S. (Trump) and China, are boosting haven demand for XAUUSD....
EUR/AUD has pulled back after failing to clear the December highs, bringing it within touching distance of uptrend support. With the 50-day moving average just below, it provides a bullish setup.
Longs could be initiated above the uptrend with a stop below the 50DMA for protection. It would be preferable to see the price test and hold the uptrend before...
Chart Analysis:
Bitcoin remains trapped in a broad consolidation range between $91,000 support and $109,000 resistance as price action struggles for direction.
1️⃣ Range-Bound Price Action:
Bitcoin continues to respect the $91,000 - $109,000 range, with multiple failed breakout attempts.
Recent price action suggests indecision, with neither bulls nor bears...
Chart Analysis:
The DAX Index continues its bullish trajectory, maintaining a steady uptrend with prices hovering near recent highs. Despite a minor pullback, the overall trend remains intact, supported by key technical levels.
1️⃣ Uptrend Intact with Rising Support:
The trendline (blue) continues to provide dynamic support.
A shallow retracement suggests...
Chart Analysis:
The U.S. Dollar Index (DXY) has pulled back from its recent highs after testing the 110.00 resistance level. The index remains within an established upward channel, but the latest price action suggests a short-term loss of momentum.
1️⃣ Uptrend Intact but Testing Support:
The index has been trading within a rising channel (highlighted in...
The USD/CAD has extended its drop after reversing sharply the day before on the back of Trump's U-turn on imposing tariffs on Canada, delaying it for at least a month. Today's weaker US JOLTS job openings data has further pressured the US dollar.
The FX pair had initially surged on Monday, breaking above both the March 2020 high of 1.4668 and January’s peak of...
The AUD/USD chart is super interesting to watch and trade this week.
It fell yesterday to a fresh multi-year low, but rallied from its lows to close the day higher after Trump delayed tariffs on the USA's northern and southern neighbours.
Anyway, the AUD/USD has potentially formed what looks like a false break bullish reversal pattern against the January low of...
While Trump has pushed the envelope on tariffs for China, Canada and Mexico, it seems more are lurking for Europe and the pair responded in a bearish way to start the week, making a fast run at the 1.0200 handle.
That's a big spot, as looked at in these posts a couple weeks ago, and it's so far held the lows for 2025 after coming into play briefly on the 13th of...
The Dollar put in a massive move to start the week but already a large portion of that has been pared back. On a longer-term basis, it was support at prior resistance last week that held the lows, around the 107.35 level that came in to mark the highs in 2023.
The next major focal point on tariffs is Europe and given the outsized 57.6% allocation of the Euro in...
The stock has dropped more than 11% over the past five trading sessions due to newly imposed tariffs on Taiwanese semiconductors (which could increase Nvidia's costs) and growing concerns over DeepSeek's advanced AI model, which has intensified competition in the sector. Additionally, rising global trade tensions have led investors to lose confidence in Nvidia's...
Gold remains resilient above 2730 support, currently hovering around 2800 as tariff tensions and trade war risks escalate. If no trade deals are reached with the US, safe-haven demand could continue driving prices higher.
📈 Bullish Outlook: A decisive hold above 2820 could fuel an uptrend toward 2890 and 2920, aligning with the trendline connecting higher lows...
Hang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside.
Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction.
Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm.
A slide...
USD/JPY has broken out of its falling wedge, as convention would suggest. After a prolonged coil, the move could be sharp with swing highs at 156.76 and 158.88 now in focus.
Bulls could buy the breakout, placing stops below either the 50-day moving average or the January 27 low, depending on risk tolerance.
Momentum signals are mixed—RSI (14) has broken its...
The cryptocurrency has managed to sustain a gain of over 4% in the last two trading sessions, as the market remains confident that Trump’s new administration will play a key role in the future of U.S. regulation. For now, the price is slowly approaching the all-time high resistance zone at 106K.
Neutral Bias
Bitcoin continues to trade within a strong lateral...
With fresh data on US GDP and inflation arriving over the next two days, Russell 2000 futures look interesting as they close in on the key 50DMA.
The index is testing minor resistance at 2312.8 in thin Asian trade, with the 50DMA not far above at 2323.5. The focus on the latter comes from its tendency to spark explosive moves once the price either breaks or...
The NAS100 initially dropped nearly 0.6% as the Federal Reserve's official decision was announced. However, so far, the event has not been decisive on the daily chart to establish a clear direction. The central bank chose to keep interest rates at 4.5% , as expected, and in its official statement, it acknowledged that inflation remains somewhat elevated and is...
