Technical Analysis

TradeCompass for Euro FX Futures (Ticker: 6E) – January 21, 2025 Current Overview:Euro FX Futures (6E) are trading at 1.0406, slightly below today’s VWAP (1.0412). This places the market in bearish territory based on the TradeCompass. Traders should monitor the outlined key levels for potential breakout or continuation trades. Key Levels to Watch for Euro

THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to

TradeCompass: Nasdaq 100 E-mini Futures Analysis – 13 January 2025 Financial Instrument: Nasdaq 100 E-mini Futures (NQ Futures) Price at the Time of Analysis: 20885 Key Levels and Trade Scenarios for Nasdaq 100 Futures Today Bullish Above: 20986 Why Bullish Above:If Nasdaq 100 futures surpass 20986, the price would trade above today’s VWAP, the developing

The EURGBP has seen a run higher despite a sharp rise in the UK 10 year yield which saw the yield move to the highest level since 2008. The yield reached 4.821% today rising above the 2023 high of 4.755% in the process. The yield is currently at 4.813%. Although higher yield can be supportive

Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing lower. A snapshot of the closing levels

The GBPUSD moved higher into the US open, but has since reversed lower on risk-off flows (?). Stock in the US are getting hammered in pre-market trading. Admittedly, the declines are not being pushed by any news, except Friday was soft and today, the selling is continuing. Looking at the GBPUSD, the price moved up

The USDJPY moved lower in the US session but after getting within 11 pips of the rising 100 hour MA. THe price has since bounced back to 157.84 currently as the buyers remain in firm control. THe last time the price tested the 100 hour MA was back on December 17 adn Deceember 18 before

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

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