Technical Analysis

Stock indices close at record highs US stock indices closed at record highs: the S&P 500 rose by 0.32%, the Nasdaq 100 added 0.14%, and the Dow Jones gained 1.04%. Meanwhile, US Treasury Secretary Scott Bessent called on the Federal Reserve to cut interest rates by 1.5-1.75%, sparking debate over the central bank’s independence. Experts
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The wave pattern on the EUR/USD 4-hour chart has remained unchanged for several months, which is a very positive sign. Even when corrective waves are forming, the integrity of the structure is preserved. This allows for accurate forecasts. It is worth noting that wave patterns do not always look like textbook examples. The formation of
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Trade tariffs and falling imports weigh on stocks The US stock market closed in negative territory amid investor concerns about the impact of trade tariffs on corporate earnings, including Yum Brands. The trade deficit narrowed, mainly due to a decline in consumer goods imports. Additional pressure came from expectations of stricter trade policy in the
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The wave pattern for GBP/USD continues to indicate the formation of an upward impulse wave pattern. The wave configuration closely resembles that of EUR/USD, as the dollar remains the key factor across the board. Demand for the dollar is decreasing in the medium term across the market, leading to similar dynamics in various instruments. Currently,
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Gold Futures Technical Analysis and Price Prediction with tradeCompass (July 30, 2025) At the time of this analysis, gold futures (December 2025 contract) are trading at $3,384.6, showing a 1.89% gain versus yesterday’s close. However, this gain is driven largely by the contract rollover from August to December, a scheduled shift that can create pricing
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Crude oil futures settled at $65.16, down $0.87 on the day. Earlier this week, the price briefly broke below the falling 100-day moving average (blue line on the chart), but each time, downside momentum faded and daily closes returned above that level—indicating a lack of sustained bearish conviction. Heading into the new trading week, sellers
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On the hourly chart, the GBP/USD pair on Thursday rebounded from the 50.0% retracement level at 1.3579, reversed in favor of the U.S. dollar, and consolidated below the 61.8% Fibonacci level at 1.3530. Therefore, the decline may continue today toward the next retracement level at 76.4% – 1.3470. A rebound from this level would favor
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Crude oil futures settled at $68.45, up $1.88 or 2.82% on the day. For the week, prices gained $2.13, marking a 3.2% increase. These gains come despite an unexpected rise in OPEC+ production of 548K barrels heading into the week. However, some support emerged midweek when OPEC+ floated the idea of pausing upcoming output hikes,
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Earlier, U.S. President Donald Trump imposed 25% tariffs on all Japanese exports to the United States, which will take effect on August 1. This move exacerbates Japan’s economic challenges, which, coupled with declining real wages and signs of weakening inflation, will likely force the Bank of Japan to abandon plans to raise interest rates this
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