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USD/JPY Analysis UJ drops under support on the 1D chart on weak dollar sentiment. Inflation numbers in the US came in much hotter than expected, and major USD pairs continue to fall due to this news. UJ could test a bottom at the 113.200s if price moves lower.

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BTC/USD Analysis Bitcoin looks to have formed an uptrend on the daily chart after making higher lows and highs pushing up into the $43Ks. Heavy resistance sits around the falling trend line where the 50 and 200 DMAs are about to cross.

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SPX500 Analysis SPX500 fell back under the supportive trend line but is catching a bounce up from there today. Shaky markets are often volatile with no true direction in mind, so we may see some more odd behavior in the stock market until the Fed does something about inflation.

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USD/CAD Analysis USDCAD on the daily chart is down 0.12% today after a rough week for the US dollar. CPI index climbed 7% and is starting to look out of control when considering the strength of the currency. UC touched its 200 DMA and rising trend line where there could be enough support at this level for some kind of bounce.

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Gold Analysis Gold tests resistance on the 1D timeframe, but could not break above for the time being. A weaker USD is good for the metal, however, it has underperformed for some time, and the strength in momentum seems weak.

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SPX500 Analysis Stocks fall for another day as today's candle touches lower than yesterday's. Poor jobs data in November and December are starting to take their toll on the markets as the SPX could be coming down to test a two month rising trend line for support.

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EURUSD, H8 Price is forming a triangle pattern following the break of the descending channel. Watch out for a break of this pattern, if we see a break above, look out for the retest and rejection before potentially going long. If we see price break lower, look out for the retest and rejection before going short. A break above 1.14 opens up price to 1.16; a...

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EURAUD, Daily After breaking out of the ascending triangle pretty early, price has made its full move but is now retesting the pattern's resistance at around 1.57 which is the same as the ascending triangle from May earlier this year. Watch out for a rejection of this level, where following successive price action confirmations would be a potentially good time to...

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XAUUSD, Weekly Gold continues to consolidate for another week, still failing to break below 1765 suggesting its potentially waiting for a major catalyst to create a new trend in the market. Price will likely be slow during the Christmas and New Years period.

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GBPUSD, H8 Price successfully breaking past the previous low at 1.336 and looking like it's making its way to create the next touch of the channel's bottom at around 1.325. Look for further bearish price action confirmations before going short.

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GBPUSD, Daily G/U up on the day after US beat retail sales expectations. The pair is in a resistance zone and may be topping here. The 1D candle candle behavior shows rejection from today's high and may continue to move back down to the falling trend line.

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XAUUSD, Daily A decrease in buying activity in the futures market has the metal stalling at resistance around $1860s on the 1D chart for the past couple days. It looks like gold might have to come down to support in the $1830s before seeing a heavier round of buying.

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EURUSD,Daily Price has broken through all recent lows and has now broken past pre-pandemic levels below 1.14. Look out for how price reacts to this level, a break below followed by successive retests and rejections, opens up price to key horizontal levels lower such as support at 1.12.

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GBPUSD, H8 Price has now broken underneath the previous lower low in this descending channel at 1.342 and is now likely looking to make the next touch if we see further bearish confirmations. A break back above 1.342 suggests possible consolidation and maybe a clear touch of the channel's top, but overall we're likely going to see a continued trend.

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AUDNZD, Daily Aussie rises on the day, but nears resistance at 1.04000s. After the bearish numbers from Australia's unemployment report, this level could hold to be promising resistance especially taking into account that NZ will likely continue to raise interest rates.

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XAUUSD, Daily Gold price surges on inflation data with the USD as the metal breaks above hard levels of resistance on the 1D chart. New support lies around $1830 if price doesn't maintain around the $1860s.

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USDJPY, Daily Missed PPI numbers could be contributing to the pair's fall on the day. USDJPY on the 1D chart is retracing back down to support around 112.079 which is also near the 50 DMA.

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XAUUSD, Daily Gold coming up to test the $1830s after breaking above resistance around $1814 where the metal can find support again. A break above the $1830s could give the pair enough momentum to reach the $1850s.