The upside risk we flagged earlier this week has now materialised for silver, with the spot price staging a bullish break above the 50-day moving average, resistance at $32.73, and the December 2024 uptrend on Wednesday.
Having closed above this former resistance zone, it may now provide a base for fresh longs targeting a retest of the March 28 swing high at...
The GBP/JPY is testing a critical resistance area between 189.20 to 190.00. For as long as this area holds as resistance, the path of least resistance remains to the downside.
Should the selling resume from here, we could see the Guppy trade down to test the key support range between 185.00 to 186.00 again.
However, if the GBP/JPY breaks decisively above the...
Downside risks appear to be growing for bitcoin with Tuesday’s shooting star candle triggering a bearish break of the rising wedge it had been sitting in over the past week.
Shorts could be established on the break with a stop above Tuesday’s high for protection. Some may opt for the 200DMA as a trade target, but the preference would be to look for a return to...
Citigroup’s stock has gained over 2% in the last trading session, as its latest earnings results have supported a moderately bullish bias on the current price chart. The company reported earnings per share (EPS) of $1.96, beating the expected $1.85, while revenue reached $21.6 billion, exceeding the forecast of $21.29 billion. These positive figures triggered a...
In another sign of recovery, Bitcoin is trying to break away from a key short-term resistance trend line that has been in place since the cryptocurrency topped out in January this year at above $109K.
BTC/USD has already reclaimed a few short-term levels such as FWB:83K and moved above the 21-day exponential moving average to provide the first objective bullish...
AUD/JPY attempts to retrace the decline from earlier this month after testing the 2023 low (86.06), and break/close above the 91.50 (61.8% Fibonacci retracement) to 91.70 (38.2% Fibonacci extension) region may push the exchange rate towards the 92.80 (50% Fibonacci extension) to 93.30 (23.6% Fibonacci extension) zone.
Next area of interest comes in around 95.10...
The EUR/USD has gained more than 4% over the past three trading sessions, with bullish momentum remaining strong, as markets fear that a continued escalation in the trade war may keep heavy selling pressure on the U.S. dollar. With tariff-related uncertainty persisting, the euro continues to attract capital fleeing the dollar in search of a temporary safe...
USD/MXN is under pressure following the failed attempt to test the yearly high (21.2943).
USD/MXN snaps the range bound price action from last week, and a move/close below the 19.8990 (38.2% Fibonacci retracement) to 20.0120 (38.2% Fibonacci extension) zone may lead to a test of the monthly low (19.8362).
Next area of interest comes in around the November low...
After plunging to test key support around 30,400, the Japan 225 index is staging a strong recovery, up nearly 2% on the day. However, the technical picture still leans cautious:
🔻 Price remains well below the 50- and 200-day SMAs
📉 MACD remains in bearish territory, though downside momentum is slowing
📊 RSI has bounced off oversold levels, now at 43.17
This...
The U.S. dollar just plunged through the 0.8400 handle, cratering to fresh multi-month lows near 0.8145 against the Swiss franc.
📉 Price is decisively below both the 50- and 200-day SMAs
📊 MACD shows deepening downside momentum, well below zero
📉 RSI is in oversold territory at 18.79, highlighting stretched bearish sentiment
While the RSI suggests a short-term...
The British pound surged through the 78.6% Fib retracement near 1.3149, extending its post-breakout rally with a +0.77% daily gain. Price is now on track to test the September swing high at 1.3440 — the next major resistance zone.
📈 Price has reclaimed both the 50- and 200-day SMAs
📊 MACD is showing bullish momentum above the zero line
📍 RSI sits at 64.98 —...
The major US indices have come noticeably off their earlier highs, following the positive start on the back of the weekend news of temporary tariff relief on technology sector.
The fact the indices could break out to test waters above last week's highs, suggests traders have not been convinced that they have had the all-clear just yet. Perhaps volatility will...
Gold maintains its safe-haven appeal, holding firmly above the $3,200 mark. The current trend met resistance near $3,250, and a decisive breakout could drive further gains toward $3,290–$3,300, fueled by rising trade war tensions and ongoing dollar weakness.
• Downside Risks:
If the dollar reverses or U.S.–China trade talks show progress, a drop below $3,200 may...
Crude oil's sharp rebound from the $55 support—aligned with the 0.618 Fibonacci retracement of the 2020–2022 uptrend—faced immediate resistance at the long-standing support-turned-resistance zone around $63.80, established in 2021.
A decisive move above $63.80 may clear the way for further gains toward $66, $68, $69.60, and ultimately $73. On the downside, a drop...
Silver bounced off minor support at $31.84 in early Asian trade on Monday, indicating the level may be useful for traders eyeing a potential bullish setup.
Longs could be established above the level with a tight stop beneath to protect against reversal. Overhead, former uptrend support currently intersects with the key 50-day moving average around $32.50, making...
Shares of retail giant Walmart have risen more than 15% over the past five trading sessions, despite growing tensions over reciprocal tariffs between China and the United States. The bullish bias has remained intact, primarily because the company stated this week that it is prepared for scenarios with tariffs of up to 125% on Chinese imports and is currently...
With the 3-Day RSI hovering near 2020 highs, the monthly chart shows potential for further upside as EURUSD breaks out of a long-term downtrend channel that began from the 2008 highs.
The pair has reached a high of 1.1470, aligning with the 0.272 Fibonacci retracement of the 2008–2022 downtrend.
A sustained hold above 1.15 opens the door for further gains...
USD/CAD bears will be eyeing a meaningful downside flush with the pair breaking and closing beneath the 200-day moving average on Thursday, hitting fresh year-to-date lows in the process.
The price now finds itself below 1.3947, the high set in August last year. The break may encourage others to join the bearish move, generating a setup where shorts could be...
