Technical Analysis

EURUSD: The buyers are more in control in the EURUSD. In the video below, I show why and what is needed to keep them in control. USDJPY: The USDJPY has a strong ceiling at 153.27 with highs from early October and today, putting a cap on the upsde. A move above the level is needed

The wave pattern for GBP/USD continues to indicate the formation of an upward wave structure, but in recent weeks, it has taken on a complex and ambiguous form. The pound has fallen too sharply, and as a result, the trend segment that began on August 1 now looks unclear. The first idea that comes to

The AUDUSD shifted from a bearish tone earlier in the day to a more bullish bias in the U.S. session, as buyers pushed the pair above both the 100- and 200-hour moving averages near 0.6495–0.6497. That move turned the near-term technical outlook to the upside. The pair reached a session high of 0.6517 and has

US stock indices extend gains on positive news US stock indices closed higher: the S&P 500 rose by 1.07%, the Nasdaq 100 gained 1.37%, and the Dow Jones added 1.12%. Market optimism is supported by positive corporate earnings and discussions about the potential easing of trade tensions between the United States and China. Investors are

Earlier today, the EURUSD pushed higher, making a strong test of a key resistance level: the 50% midpoint of the September high-to-October low range. This level is located at 1.17297, and the high of the day came in just shy of it at 1.17285. Following this resistance test, steady selling pressure entered the market. The

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The back-and-forth swings continued in the major U.S. indices today. Stocks opened lower after China decided to play hardball in response to President Trump’s latest tariff measures, triggering a sharp early sell-off. The Dow Jones Industrial Average dropped as much as 615 points, the S&P 500 fell nearly 100 points, and the Nasdaq slid about

Last Friday, China announced sweeping new restrictions on the export of rare earth metals and other critical materials—a move that reportedly infuriated Donald Trump and his administration. It is clear that with these actions, Beijing is signaling that it is not a “punching bag” and that the United States is not the only country capable

Fundamental Overview We had a wave of profit-taking yesterday on gold and other precious metals that wasn’t triggered by any clear catalyst. Maybe silver making the headlines for breaking into a new all-time high caused it, but there was no fundamental catalyst. For now, the market continues to move by inertia, and given the US

At the moment, the pair has failed to hold above the round level of 1.3400, which it briefly broke during the Asian session. From a technical standpoint, the recent repeated failures near the 100-period Simple Moving Average (SMA) favor the bears in GBP/USD. Moreover, the negative oscillators on the daily chart suggest that any subsequent

For GBP/USD, the wave structure continues to indicate the building of an upward wave pattern, and it has not changed over the past week. The pound has fallen too much recently, so the trend segment that began on August 1 now looks ambiguous. The first idea that comes to mind is a complication of the

Bitcoin today quickly reached the $116,500 mark, and Ethereum updated its level at $4,323, indicating the market still has strong upward prospects for cryptocurrencies.. If you think major players have left the market, you are mistaken. The Asian “MicroStrategy” — the company Metaplanet — has proven this by purchasing another 5,268 BTC for its balance

The wave pattern on the 4-hour chart of EUR/USD has remained unchanged for several months, but in recent days it has started to look more complex. It is still too early to conclude that the upward trend segment has been canceled, but a more complicated wave structure in the near term is quite possible. The

The US dollar continues to consolidate above the 97.00 level on the PCE Index, clearly in anticipation of the release of key inflation data expected at the end of this week. We’re talking, of course, about the Personal Consumption Expenditures (PCE) Price Index report, which will first be released on Thursday in quarterly terms, followed

Fundamental Overview Gold managed to push into yet another all-time high today. This bullish momentum has been building since Friday. The market continues to run by inertia as we haven’t got any strong negative catalyst. Nonetheless, the Fed didn’t match the very dovish rate path priced in by the market and that could mean that

Today, Friday, the GBP/JPY pair was actively sold off as the yen strengthened after the Bank of Japan’s monetary policy meeting. The release of somewhat positive data on the pound barely slowed the decline. As expected, following its two-day meeting, the Bank of Japan decided to keep the interest rate unchanged in the 0.4%–0.5% range.

As the clock ticks down to the FOMC rate decision at 2 PM ET, the USDJPY is perched right on key moving average support. That support is defined by the 100-day moving average at 146.175, and the pair is currently holding just above it. Buyers have leaned against the dip, perhaps taking profit from the

The GBP/JPY pair remains above the psychological level of 200.00, attempting once again to break through 200.35, which it surpassed on Friday. On Thursday, the Bank of England will publish its monetary policy decision, and it appears the main rate will remain unchanged at 4%. In addition, the regulator is expected to maintain a cautious