Technical Analysis

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The price of gold is moving higher and near highs for the day. The price is up $24.61 or 0.92% at $2718.36. The high for the day has reached $2721.16. The move higher is up testing the high from November 25 which peaked at $2721.41 jut above the high for the day. Get above that

Fundamental Overview The Nasdaq managed to extend the rally into a new all-time high recently. The conditions for further upside in the index remain in place. In fact, Trump’s policies will be a positive driver for growth in 2025 and with the Fed remaining in an easing cycle, growth should remain positive and might even

The USDJPY is trading to a new high for the day and looks to test the broken 38.2% of the move up from the September low at 150.18. Above that is the falling 100 hour MA at 150.368. The price gapped below the 100 hour MA back on November 25 (Monday) and corrected up to

Fundamental Overview The Nasdaq is slowly crawling back to the all-time high. The market continues to look forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed is

The USD/CAD gapped lower over the weekend following news that Scott Bessent would be named Treasury Secretary under Trump. However, the initial decline lacked follow-through, and the pair resumed its upward momentum. Key Levels Tested The price rebounded above the August 2024 high at 1.39458 and the 2022 high at 1.39785, signaling bullish intent. Momentum

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

It is a Buy BUT not yet. Let me explain. Meta Platforms, Inc. (META) remains one of the most popular and closely watched stocks on the market, known for its innovation and dominance in the tech space. But with META trading near its all-time highs earlier this year, many investors are asking: Is it time

The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen renewed selling pressure as the pair failed to hold above

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The AUDUSD is lower on the week, but since bottoming on Wednesday, the price has moved up and down. IN the process, the price has seen the price move above and below the 61.8% of the move up from the August low at 0.6575. The price over the last day or so has also moved

The GBPUSD buyers had their shot to make a move today. After bouncing off a key support level at 1.2938, the price surged higher, breaking above the 100 hour MA, 100 day MA, and 200 hour MA. However, despite achieving this technical breakthrough, the buyers failed to sustain momentum. On two separate occasions, the price

BOJ Ueda is on the wires saying: Optimism over U.S. economic outlook seems to be broadening somewhat We need to scrutinize further whether optimism over U.S. outlook is sustained BOJ still can afford to spend time scrutinising risks Recent yen falls driven partly by optimism over U.S. economic outlook When looking at fallout from weak

aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels 📉 Crude Oil Futures (CL1!) are showing clear signs of bearish momentum, with prices falling sharply in recent weeks. This is reflected in the weekly chart, where the market has consistently respected a long-term descending resistance line (marked in red as the bottom

The ECB meets tomorrow with expectations of a 25 basis point cut. Going into that decision, the EURUSD is moving to its lowest level since August 2. In addition, technically the price just broke below its 200-day moving average at 1.08728. The current price trades at 1.08660. Sellers are making a play below that 200-day

The NZDUSD traded above and below the 100-day MA this week but above the 200-day MA (green line) into the mid-week RBNZ rate decision. The central bank cut rates by 50 basis points and that sent the pair below the 61.8% but buyers came in against the 61.8% retracement. The subsequent bounce off the low