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...
After rallying from the January 7 swing low, iron ore has spent the past week consolidating, forming what looks like a bullish pennant.
While price action above the 200-day moving average has been shaky over the past year, traders should watch for a potential topside break in thin Lunar New Year conditions. A break and close above $105.35 could open the door to...
The WTI barrel has experienced a loss of over 8% since mid-January, mainly because the peace agreement between Israel and Palestine has come into effect without issues, and Trump’s ongoing comments about increased production in the United States have contributed to the bearish sentiment. Both factors have led the market to expect growing supply and weak demand...
Chart Analysis:
The USD/CAD pair remains in a well-defined consolidation zone (highlighted in beige) after its prior bullish rally. The range-bound price action reflects indecision, with traders waiting for a breakout to determine the next trend direction.
1️⃣ Consolidation Zone:
The pair is trading within a range between 1.4300 (support) and 1.4500...
Chart Analysis:
The AUD/USD pair is trading within a short-term rising channel, providing a near-term bullish framework amid a broader bearish trend.
1️⃣ Rising Channel:
The pair remains within the bounds of a green-shaded rising channel, suggesting upward momentum persists in the short term.
A break below the channel’s lower boundary near 0.6240 could signal a...
Chart Analysis:
GBP/USD is approaching the critical 1.2500 resistance level, a threshold that could determine the next directional move for the pair.
1️⃣ Resistance at 1.2500:
The horizontal level at 1.2500 has acted as a significant barrier, capping recent upward momentum.
A decisive break above this level would pave the way for further gains, potentially...
Bitcoin remains steady above the $100,000 mark, awaiting the impacts of evolving market dynamics and new SEC regulations. It is currently trading within an expanding consolidation pattern, aligning with a long-term trendline connecting the highs of 2021. This formation presents two potential outcomes:
1. Continuation of the Rally:
A decisive close above...
Nvidia’s stock has experienced a significant drop in price in recent hours due to growing concerns about new competition from China, represented by the startup DeepSeek. This Asian startup is positioning itself to offer services similar to those of current AI industry leaders but at a much lower cost. Additionally, its open-source model, unlike competitors such...
Euro broke through resistance a the January opening-range highs last week at 1.0405/48 (now support). Possible upslope in play here but too early to rely on.
For now, focus is higher while above the objective yearly open at 1.0354 .
Next major resistance zone eyed at the 2023 low-week close (LWC) / April low at 1.0587-1.0602 - look for a larger reaction there...
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...
