Trendsharks

Trendsharks

After a massive 1,000-pip rally since October, USD/CAD is showing signs of momentum exhaustion. A solid resistance has formed at 1.4450, suggesting early buyers are now likely taking profits. Major indices are stabilizing, and commodities are recovering—signals that the USD may weaken. The immediate support at 1.4336, coinciding with the 23% Fibonacci...

Trendsharks

After months of a downtrend, GBP/USD is showing signs of a potential recovery. In recent days, the pair has risen by 120 pips, with expectations for another 120-pip increase. The pair was heavily oversold, attracting buyers who are now driving the price higher. Crucially, the price broke above the immediate resistance at the 23% Fibonacci retracement level. The...

Trendsharks

Since September last year, EUR/USD has dropped 950 pips, hitting a low of 1.0230 last Thursday. However, the pair rebounded by 130 pips, supported by increased trading volumes and an RSI recovery from oversold territory. This may signal the early stages of a trend reversal over the coming months. Before confirming this shift, a solid support level needs to form....

Trendsharks

Over the past month, oil prices have surged by $8, marking an impressive 15% return in less than 20 business days. The commodity is clearly in an upward trend, with buyers maintaining strong control. This bullish momentum is further validated by two Golden Cross patterns, a classic buy signal. However, since Friday, a decline in buying volume suggests potential...

Trendsharks

Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death...

Trendsharks

USD/JPY has resumed its uptrend, gaining over 500 pips in the past 10 days, with bulls firmly in control. This is confirmed by the Golden Cross, a strong buy signal. If USD/JPY breaks above 154.50, the pair could test the 156 zone. However, after such a significant rally, early buyers may soon take profits, leading to short-term pullbacks. Upward momentum has...

Trendsharks

Since November, the UK’s major stock index gained nearly 400 points but began correcting downward on Monday, December 9. Early buyers from November are now taking profits, triggering this pullback. In recent hours, the UK100 fell below 8230, aligning with the key 38% Fibonacci retracement level, signaling a potential further decline. Additionally, a Death Cross—a...

Trendsharks

The German DAX has corrected by 200 points from its Monday highs, and further declines seem likely. This outlook is reinforced by the Death Cross—a well-known sell signal—indicating strong short-term bearish momentum. Other major indices, including the UK100, US100, and US30, are also experiencing declines. If the DAX is lagging these counterparts, further losses...

Trendsharks

Over the past 10 days, the USD/JPY pair has gained 320 pips, reaffirming its uptrend. This strong bullish momentum is supported by the appearance of two Golden Cross patterns, a classic signal to buy. Meanwhile, both the EUR and AUD are losing value, indirectly hinting at further Yen weakness. However, in the last few hours, a minor correction has emerged,...

Trendsharks

The AUD/USD pair remains firmly in a downtrend that began in late September to early October, during which the AUD has lost approximately 600 pips. This decline is expected to continue over the coming days and weeks. Multiple Death Cross patterns, a traditional bearish signal, reinforce the likelihood of further downside, supporting the expectation of a prolonged...

Trendsharks

After the announcement of Trump’s proposed tariffs on Canada, USD/CAD surged by 200 pips within hours. Following this sharp increase, the pair experienced a correction, which drew additional buyers, reinforcing the clear and strong upward momentum. Currently, a Multiple Top pattern is forming near 1.4180, a pattern historically associated with breakout...

Trendsharks

For the past couple of weeks the 45 000 level in the US30 has acted as resistance and since last week we registered a 400 point drop in the index. It is only normal to see a pullback after a massive bull rally, as many of the early buyers are selling to take profit. The strong bearish momentum, which currently dominates Dow Jones, is also confirmed by the Death...

Trendsharks

The 100 point correction in UK100 seems to be over now, with the value rising with 50 points since Friday so far. The FTSE is lagging behind its EU and US peers and makes it very likely that we will see further growth in this index as well. The Death Cross, a classic sell signal, didn't materialize and we currently see strong momentum in the opposite direction....

Trendsharks

Since Friday, Silver has corrected by $0.60, and the 1-hour charts show a Death Cross—a traditional sell signal. However, recent price action suggests strong upward momentum, as buyers increasingly enter on dips. This bullish view is reinforced by Silver breaking above the critical 61.8% Fibonacci retracement level. This move suggests the swing may not be a mere...

Trendsharks

Over the past month, USD/JPY has fallen by over 600 pips, with the price now more than 1,000 pips below its summer highs. Despite an 80-pip rebound since Friday, the overall momentum remains strongly bearish, as confirmed by a "Death Cross," where the 20 MA dropped below the 60 MA. Last week, the RSI dipped into oversold territory, attracting short-term buyers who...

Trendsharks

Since the beginning of the week a Golden Cross pattern triggered a classic buy signals and the GBP/USD increased with 110 pips. The area around 1.2770 however appears to be a resistance zone, as multiple tops were formed on the 30 mins charts. Often, there is a break out above the multiple tops, but the price needs to gain some momentum beforehand. In addition to...

Trendsharks

If you followed us for some time now, you probably notice that our trading methods heavily rely on MA crosses and Fibonacci. In this particular case, we registered a Death Cross, where a short term MA breaks below a longer term MA. This is a classic sell signal and indeed, after the signal was triggered, short sellers saw a $700 per lot running profit. Our...

Trendsharks

In 5 business days US100 jumped with more than 600 points. We use patterns like the Golden Cross, where a short term MA breaks above a longer term MA, to determine the strenght and the direction of the momentum. The classic buy signal, triggered by the Golden Cross, emerged last week and since then buyers in the NASDAQ generated fantastic profits! For the past few...