Technical Analysis

18/06/2021
Dow Jones down for 10 straight days
The Dow Jones index was trading 1% lower during the US session on Friday, down for ten consecutive days.
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16/06/2021
Nasdaq flat ahead of the FOMC decision
Markets have been calm so far on Wednesday, and the Nasdaq 100 index was trading without any daily change ahead of the US session, hovering modestly above the 14,000 USD level.
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15/06/2021
DAX struggles near record highs
German DAX index was modestly higher on Tuesday, trading at around 15,750 EUR, somewhat lower than yesterday's record highs. 
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14/06/2021
Oil continues to rally, trades above 71.50 USD
As we have mentioned many times previously, oil is one of the best inflation hedges, and the commodity continues to perform pretty well.
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11/06/2021
Gold drops as dollar suddenly surges.
The bullion was 1% weaker to end the week lower as the greenback caught a bid during Friday's trading. 
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10/06/2021
AUDJPY trying to jump above former resistance
The AUDJPY cross was up 0.3% on Thursday as sentiment remained positive after the biggest US inflation print in 30 years.
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09/06/2021
SP500 pushing toward record highs
The SP500 index was up 0.15% ahead of the US session on Wednesday and was only inches away from the all-time highs set last month.
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08/06/2021
CAC continues to climb to record highs
It looks like the CAC index is not slowing, and it was up another 0.3% on Tuesday, trading at fresh all-time highs at around 6,570 EUR.
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04/06/2021
EURUSD jumps as payrolls miss expectations
The EURUSD pair was up 0.3% on Friday, erasing earlier losses as traders sold the USD after weaker than expected non-farm payrolls.
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03/06/2021
Nasdaq rolling over on Thursday
The tech-heavy Nasdaq 100 index was down one percent shortly after the US opening bell and traded at around 13,560 USD.
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02/06/2021
GBPUSD stuck near cycle highs
The GBPUSD pair was flat during the US session on Wednesday and was trading at around 1.4160 at the time of writing.
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01/06/2021
Oil at new cycle highs
The WTI oil was up 2.5% on Tuesday, rising above 68 USD, which are levels last seen in October 2018.
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31/05/2021
NZDJPY at three-year highs
The sentiment still remains positive, and traders are buying the risk-on currencies, such as the New Zealand dollar. As a result, the NZDJPY cross pushed to levels unseen since February 2018.
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28/05/2021
Silver testing steep uptrend line
The USD caught a bid on Friday, and the EURUSD pair was down half a percent, dragging down silver and gold.
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27/05/2021
Gold falls, fails to stay above 1,900 USD
The bullion was down two days in a row in what looks like a short-term top in its medium-term uptrend. 
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26/05/2021
EURAUD testing previous highs
The EURAUD cross was down slightly on Wednesday, trading at around 1.5740 ahead of the US session.
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25/05/2021
EURUSD at 5-month highs
On Tuesday, the EURUSD pair continued in its massive uptrend and was trading half a percent stronger at around 1.2260, a level last seen on January 8.
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24/05/2021
FTSE defends bullish trend
The Footsie index was trading somewhat higher on Monday, but more importantly, it has so far managed to defend the long-term uptrend.
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21/05/2021
Gold all set for a giant leap
Gold took a u-turn from its previous days’ losses and is showing an upbeat sentiment today. Rising inflationary pressure and a weakening dollar are seen as the major factors influencing this better run. Though still down at 1875, it’s all set to record a weekly rise. With greenback inching down yet another day on Friday, the yellow metal is poised to test the $1900 mark.
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20/05/2021
Dow Jones plunges on inflation worries

Following a wild day in the market that tested the key levels of major indices, the Dow Jones futures fell slightly along with futures of the S&P 500 and the Nasdaq. The top three gainers were CRM, MSFT, and INTC.

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19/05/2021
Gold up 5 days in a row
It looks like sentiment has changed notably in the bullion market, and gold remains very resilient to the declines elsewhere. 
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18/05/2021
Oil at new swing highs but facing some serious resistance
Oil was trading somewhat higher on Tuesday, consolidating after last day's rally. It was seen at around 66.70 USD ahead of the US session.
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17/05/2021
CADCHF fails at previous highs
The CADCHF cross has been in a clear uptrend since January, but it looks like the uptrend might be over soon as bulls are getting exhausted.
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14/05/2021
French CAC pushes toward cycle highs.
This week's initial decline seems to be long forgotten, and equities are rising toward their cycle highs. On Friday, the French CAC index was up more than half a percent, trading at around 6,350 EUR.
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13/05/2021
USDJPY stalls near previous highs
The USDJPY pair roared higher yesterday after US inflation jumped notably, but it fails to break above the strong resistance of April highs.
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12/05/2021
Oil near cycle highs amid soaring inflation
The WTI oil was trading 1% stronger on Wednesday as inflation in the US rose more than expected. 
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11/05/2021
EURUSD not pricing in Fed's tightening
It looks like other asset classes are scared of higher inflation and the following tightening of monetary policy, but that is not the case for the USD.
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10/05/2021
GBPUSD attacking current cycle highs
The GBPUSD pair rose more than 1% on Monday after reports that the UK government is pushing ahead with its lockdown-easing plan - regardless of concerns over the Indian covid-19 variants currently circulating in the country. 
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07/05/2021
Silver remains bullish after US NFP data.
April's non-farm payrolls came out much weaker than expected and silver short higher in the initial reaction. However, it was met with selling pressure, and the price erased all its gains.
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06/05/2021
DAX volatile, but short-term trend unclear
German DAX was consolidating on Thursday, being slightly lower ahead of the US session. 
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05/05/2021
NZDUSD defends pivotal support
Yesterday's decline in risk assets failed to send the Kiwi below the strong support of 0.71, which resulted in a strong bounce today.
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04/05/2021
Nasdaq at 1-month lows
The Nasdaq 100 is down for four consecutive days, which is rather unusual nowadays. On Tuesday, it was down 1% to trade at 13,680 USD, levels last seen on April 8th.
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03/05/2021
GBPJPY forming a triangle pattern
It looks like there won't be a significant correction in risk assets any time soon, with the GBPJPY cross bouncing off the strong 150 support and trading one percent stronger on Monday.
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30/04/2021
Dow Jones forming a nice triangle pattern
Despite solid earnings, equity indices tumbled today, and the Dow was nearly half a percent lower ahead of the US session.
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29/04/2021
USDJPY back above strong support
The USDJPY pair rose more than 100 pips this week, and it was seen stronger half a percent on Thursday, trading above the 109 level during the US session.
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28/04/2021
GBPUSD: still no breakout
The GBPUSD pair has been consolidating recently, and it was trading somewhat lower on Wednesday, hovering at around 1.3880.
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27/04/2021
DAX consolidates before a large move
The German DAX index has been consolidating recently, and volatility has dried up. It was trading somewhat lower on Tuesday, seen at around 15,280 EUR at the time of writing. 
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26/04/2021
AUDJPY breaking from a triangle pattern
As stocks moved higher again, the AUDJPY cross has been supported by the risk-on sentiment, and it was 0.7% stronger on Monday, trading at around 84.15.
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23/04/2021
Gold advances again, targets 1,800 USD
Yesterday's dip seems forgotten, and the bullion moved higher on Friday, adding nearly 1% and trading slightly below the psychological 1,800 USD barrier.
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22/04/2021
FTSE index with a bearish reversal
The FTSE 100 index was down nearly half a percent on Thursday and was trading at around 6,910 GBP. 
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21/04/2021
EURUSD testing 1.20 to the downside
The EURUSD pair dropped somewhat on Wednesday, following a nice reversal bay posted yesterday. 
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20/04/2021
SP500 testing 8EMA
The SP500 is down for two consecutive days, something unbelievable nowadays, and it was seen -0.2% during the US session, trading at around 4,160 USD.
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19/04/2021
USDJPY drops below major support
The greenback continued to be offered on Monday, and the USDJPY pair was down half a percent, trading at six-week lows at around 108.25.
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16/04/2021
Is DAX ever going to stop?
The German index has been rallying nonstop since March 5, and it was seen 1% stronger on Friday, trading at new record highs near 15,500 EUR.
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15/04/2021
AUDUSD cancels bearish trend
The AUDUSD pair has been rallying strongly, and it managed to jump above the bearish trendline, thus canceling the immediate downtrend.
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13/04/2021
USDJPY drops after US inflation data
Inflation is running hot in the US, and today's data confirmed that trend, sending the greenback lower against most of the major peers. 
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12/04/2021
EURJPY consolidating near strong resistance
The EURJPY cross has been trading in a narrow range recently, and it was spotted 0.2% weaker on Monday, hovering at around 130.25.
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09/04/2021
Gold failing near previous highs
The bullion rose nicely on Thursday, but it erased most of those gains on Friday.
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08/04/2021
GBPJPY topping with a bearish divergence
The GBPJPY cross has been down three days in a row, with the Pound losing 0.5% on Thursday,
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07/04/2021
GBPUSD retesting broken bearish trendline
Sterling was down slightly on Wednesday as it failed to maintain a bullish momentum since Monday's breakout. 
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06/04/2021
USDJPY suddenly crashes during US session
The USDJPY pair plunged 60 pips on Tuesday, erasing all the daily gains as US traders suddenly turned bearish on the greenback.
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01/04/2021
EURUSD rises as sentiment improves
The USD corrected some of this week's gains, and the EURUSD pair was trading 0.2% higher on Thursday, last seen at around 1.1750.
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31/03/2021
DAX above 15,000 EUR for first time
The German DAX index keeps rallying, supported by more lockdowns and weaker euro. 
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30/03/2021
Nasdaq index fighting with bearish trendline
As US yields keep going higher, the tech-heavy Nasdaq 100 index is struggling. On Tuesday, it was down 1% ahead of the US session, trading at around 12,880 USD.
 
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29/03/2021
Oil seems ready to move higher again.
The WTI benchmark has been consolidating recently, although volatility has been really high. On Monday, it was trading 1% higher at around 61.30 USD.
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26/03/2021
USDJPY soars to nine-month highs
US yields are on the rise again, which supported the USDJPY pair, and it advanced half a percent on Friday, soaring to 109.80, last seen in June 2020.
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25/03/2021
AUDUSD testing major support
The US dollar seems to be gaining some strong momentum against most of its major peers, and the AUDUSD pair dropped to six-week lows on Wednesday.
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24/03/2021
EURUSD drops to four-month lows
The euro continued to decline on Wednesday and the EURUSD pair dropped to 1.1820, where it was last seen in November 2020.
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23/03/2021
Gold breaking down again
Tuesday brought another selling on precious metals, and gold was down 0.65% during the US session, falling to one-week lows at around 1,725 USD.
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22/03/2021
GBPUSD remains below bearish trendline
The GBPUSD pair was slightly lower on Monday and was trading near 1.3830, which are one-week lows for the Pound.
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19/03/2021
Nasdaq dives again as US yields surge.
Another day, another selling in tech stocks and the NASDAQ 100 index was down 0.5% during the US session, erasing earlier gains. 
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18/03/2021
GBPUSD retesting broken downtrend line
The GBPUSD pair fell half a percent on Thursday as the BoE sounded dovish, and rising US yields spurred the greenback's demand.
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17/03/2021
Oil drops but remains above 60 USD
Oil price declined 1% on Wednesday, and the WTI benchmark was seen 1% weaker during the US session, trading at around 64.30 USD.
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16/03/2021
Silver, what is going on?
Silver was down 1.5% on Tuesday, correcting previous gains as the metal seems to be lacking any bullish momentum.
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15/03/2021
AUDUSD stalls near previous resistance
The AUDUSD pair was down a bit on Monday and was trading at around 0.7740 during the US session.
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12/03/2021
DAX corrects this week's gains on Friday
The German DAX index was down half a percent on Friday and was trading at around 14,500 EUR after rising more than 600 EUR from Monday's lows.
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11/03/2021
EURUSD remains strong after ECB decision
The Euro trimmed some of its daily gains but remained elevated after the latest ECB's decision. 
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10/03/2021
USDJPY fades after inflation data
The greenback was down broadly on Wednesday as traders reacted to the latest inflation data.
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09/03/2021
Gold trying to defend crucial support
The bullion jumped on Tuesday and was trading 1.5% stronger during the US session as bears exited some of their short positions. Gold managed to jump back above the 1,700 USD threshold. 
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08/03/2021
NZDUSD testing strong support
It looks like the recent run in the NZDUSD could be over as the greenback is starting to dominate broadly, supported by the rising US yields. 
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05/03/2021
GBPJPY attacking the 150 resistance
The GBPJPY pair continues to rise amid JPY weakness (the USDJPY pair is up 200 pips in March so far), with the Pound now attacking the important 150 level.
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04/03/2021
Nasdaq turns green ahead of Powell's speech.
The tech-heavy index erased its daily losses and was trading flat ahead of the US opening bell, last seen at around 12,680 USD.
 
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03/03/2021
EURUSD re-plunging again as US yields soar
The EURUSD pair has already erased half of its Tuesday's gains and was trading 0.5% weaker ahead of the US session on Wednesday.
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02/03/2021
Dow Jones holding key supports
Tuesday brought some profit-taking after the huge Monday's rally, and the Dow Jones index was down 0.3% ahead of the US session.
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01/03/2021
Gold slammed again on Monday.
The intraday rally did not last long for gold, and it got under severe selling pressure during the EU and US sessions.
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26/02/2021
USDJPY at six-month highs amid rising US yields
The USDJPY pair continued its march higher on Friday and was seen 0.2% stronger, trading at around 106.40, which are levels last seen in early September.
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25/02/2021
EURUSD jumps above 1.22
It looks like the greenback remains unattractive, despite soaring US yields, and the EURUSD pair rose 0.5% to trade at around 1.2250 during the London session on Thursday.
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24/02/2021
GBPUSD: Is this the top?
It looks like the FX market is finally starting to reflect the soaring US yields, and the GBPUSD pair erased its daily losses to turn negative during the US session.
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23/02/2021
CAC remains strong despite strong selling elsewhere
For some reason, the French CAC 40 index was trading 0.5% stronger on Tuesday, despite other indices losing sharply.
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22/02/2021
WTI back above 60 USD
Today, oil rallied amid the Goldman Sachs upgrade, and the WTI benchmark was up nearly 3% during the US session, trading above the important 60 USD threshold.
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19/02/2021
GBPUSD rises above 1.40
The GBPUSD pair continues to rally, and it was up 0.25% on Friday, having jumped above the psychological level of 1.40 for the first time since April 2018.
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18/02/2021
Nasdaq tests previous highs/lows support.
This week has not been a good one for the tech-heavy Nasdaq 100 index as it is down for three days in a row, losing 0.8% ahead of the US session on Thursday.
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17/02/2021
USDJPY forming a reversal bar
The USDJPY pair has been consolidating on Wednesday, and it was flattish during the US session, trading at around 106.00.
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16/02/2021
Gold remains bearish, poised to drop below 1,800 USD again.
Gold has been down for four consecutive days, and it looks like the recent rally to tag the 200-day moving average is over, with further losses likely over the following few days. 
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15/02/2021
FTSE roars higher, jumps above strong resistance
The Footsie index was trading 1.5% stronger on Monday, outperforming other indices by a large margin, and it managed to get above the important resistance of 6,700 GBP.
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12/02/2021
EURJPY tests previous highs
The EURJPY cross remains bid on dips, but it was seen consolidating on Friday, getting ready to find its next direction. The cross was trading at around 127 during the US session. 
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11/02/2021
NZDUSD back near strong resistance
As the greenback loses ground again, the Kiwi managed to book some gains, with the NZDUSD pair trading 0.4% higher on Thursday, hovering near 0.7245.
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10/02/2021
AUDJPY remains above previous highs
The AUDJPY cross was trading 0.20% stronger on Wednesday, and it was last seen at around the 81.00 level.
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09/02/2021
EURUSD jumps above bearish trendline
It looks like the recent decline in the EURUSD pair might be over, and the euro was trading half a percent stronger on Tuesday, hovering at around 1.2100.
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08/02/2021
Dow rises to new all-time highs.
The Dow Jones index broke above 31,300 USD on Monday and posted fresh all-time highs as the bull market continues. 
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05/02/2021
USDJPY stays strong despite weaker NFPs
The USDJPY pair dropped slightly after US labor market data, but it remained higher on the day, trading at around 105.70 during the US session.
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04/02/2021
Silver trying to stay bullish as gold falls to new lows

Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. 
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03/02/2021
Nasdaq attacking all-time highs
It has been a very good week for the Nasdaq 100 index so far and it was trading 0.3% stronger during the US session on Wednesday.
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02/02/2021
GBPUSD consolidating near cycle highs
The greenback was trading broadly higher on Tuesday, but the GBPUSD pair remained flat during the London session, trading at around 1.3660.
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01/02/2021
Footsie bounces off of strong support.
British stocks have been underperforming lately, which is a bit strange, considering their lockdown is one of the hardest. 
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29/01/2021
Nasdaq retesting medium-term uptrend line
It looks like another bullish day on Wall Street as US indices managed to erase all daily losses ahead of the US session. 
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28/01/2021
USDCHF volatile, forming inverted head n shoulders pattern
It looks like the USD has bottomed in many pairs, but at the same time, it struggles to build any bullish momentum. The USDCHF pair erased all daily gains and was trading flattish after the US GDP data. 
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27/01/2021
Gold looking very bearish ahead of FOMC
The bullion is down nearly every day, and Wednesday was no exception. Gold was trading 0.6% weaker ahead of the US session, last seen at around 1,840 USD.
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26/01/2021
DAX soars toward 14,000 EUR, again
On Tuesday, traders bought yesterday's dip, and the German DAX index erased all of Monday's losses as it was trading 1.3% stronger, rising toward the important 14,000 EUR level.
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25/01/2021
USDJPY holds strong despite falling yields
The USDJPY pair was flat on Monday, trading at around 103.80 as traders totally ignored cratering US yields. 
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22/01/2021
Metals remain bearish with their neverending false breakouts.
Another week, another false breakout, and another massive smackdown in gold and silver prices. On Friday, gold was down 1.5%, falling to 1,840 USD, nearly completely erasing this week's gains.
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21/01/2021
USDJPY remains capped by long-term downtrend line
The USDJPY pair dropped on Thursday as the broad USD weakness undermined the pair, and it was down 0.20% ahead of the US session, trading at around 103.35.
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20/01/2021
AUDJPY bounces off uptrend line
Sentiment was very positive on Wednesday and stocks were rocketing higher, which helped the AUDJPY cross higher.
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19/01/2021
EURUSD defending major support
The euro continued in its upward trajectory on Tuesday and the EURUSD pair was trading 0.6% stronger during the US session, last seen at around 1.2140.
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18/01/2021
WTI remains in a bullish trend
The oil price corrected lower on Friday, but it seems that the dip will be bought as oil was up half a percent on Monday, trading at around 52.30 USD.
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15/01/2021
CAC slips, tests previous highs
European stocks slid on Friday as traders took some profits from the previous rally, which sent the French CAC index down 1% to trade at around 5,600 EUR ahead of the US session.
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14/01/2021
EURJPY consolidates, break from the formation soon
The EURJPY cross has been moving sideways since December, and it has been consolidating for six weeks
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13/01/2021
Cable testing previous highs
The Pound has been rallying recently, and the GBPUSD pair remains in a nice uptrend. On Wednesday, it was up 0.15%, trading at around 1.3670 ahead of the US session.
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11/01/2021
Nasdaq rises to new records, consolidates on Monday
Monday has been a negative day so far as all of the risk-on assets were down, while the USD was up. 
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08/01/2021
EURUSD advances after weak payrolls
The greenback erased its earlier gains after a really weak NFP number and the EURUSD pair was trading flat at around 1.2270 in the initial reaction.
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07/01/2021
DAX at record highs despite never-ending lockdown
The German DAX has been rising like there is no tomorrow, and it is up 20% since November lows. 
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05/01/2021
USDJPY drops to new cycle lows
The greenback is having a tough time, and the USDJPY pair continues to be offered, with the dollar dropping to new cycle lows this week.
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04/01/2021
Gold rockets higher as USD debasement continues.
Monday has been a great day for metals so far, with gold trading 2% stronger at around 1,930 USD (an unusual bullish move as of lately), silver soared more than 3%, and copper was 2.4% higher. 
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30/12/2020
The EURUSD Rallies Amid USD Weakness
EURUSD continues its winning streak and is set to challenge greater highs.
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29/12/2020
S&P Futures Soaring in All-Time Highs

S&P 500 futures record fresh highs following the New Year’s mood and upbeat sentiments in the market.

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28/12/2020
Global Markets Edge Up on New Hope
Global indices saw a considerable rise following news of US President Donald Trump signing the COVID-19 relief bill.
 
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23/12/2020
NZDUSD consolidates, forms HnS pattern
The NZDUSD pair, also known as the kiwi, has been trending lower this week, but it was up half a percent on Wednesday. At the last check, the pair was seen at around 0.7070.
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22/12/2020
Silver fails at previous highs.
Yesterday's rollercoaster ride is over, and the metal renewed its plunge, losing 1.5% on Tuesday, trading at around 25.75 USD during the US session.
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21/12/2020
Dow Jones: Rising wedge has been triggered
Monday has been a negative day for equities, and the Dow index was down nearly 2% ahead of the US session, trading at around 29,880 USD.
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18/12/2020
EURAUD testing summer lows
As sentiment remains positive and stock markets are rising every day, the Australian dollar is outperforming the euro, which sent the EURAUD cross back to the summer lows. On Friday, it was seen consolidating, trading at around 1.61.
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17/12/2020
USDJPY plunges to March lows
The greenback continued to bleed on Thursday, and the USDJPY pair was down 0.5%, falling toward the 103 level, last seen during March's COVID crash.
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16/12/2020
DAX at pre-covid highs
German DAX has been performing quite well this week, and it is totally ignoring a hard lockdown in the country, starting today. The index is up more than 3% on the week, rising each day so far.
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15/12/2020
Gold fighting to break the head n shoulders pattern
Bullion woke up on Tuesday, and it erased Monday's losses, with the metal trading 1% stronger ahead of the US session, last seen at around 1,845 USD.
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14/12/2020
Nasdaq roars higher again.
Monday has been a great day for US indices so far (again), and the tech-heavy Nasdaq 100 index was trading at around 12,500 USD during the US session, one percent stronger on the day.
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11/12/2020
EURJPY stuck near 2020 highs 
Yesterday's rally is slowly erased on Friday, and the EURJPY cross was down 0.25% ahead of the US session, trading at around 126.20.
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10/12/2020
Oil near cycle highs, trend remains bullish.
The WTI oil was up another percent on Thursday, and it was trading at around 46.20 USD during the US session, close to its cycle highs of 46.55 USD reached earlier in the week.
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09/12/2020
Cable jumps as dollar remains under pressure.
The greenback came under renewed selling pressure, and the GBPUSD pair was up 0.8% during the US session, trading at around 1.3450.
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08/12/2020
Is Dow Jones forming a large rising wedge pattern?
US stock markets performed well in November, but since December, we see some consolidation in the Dow Jones index.
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07/12/2020
Silver crashes again, drops below 24 USD
Monday brought selling to precious metals, and it looks like the recent corrective rally has ended as silver failed to break and settle above the stronger resistance of 24.20 USD.
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04/12/2020
AUDJPY marches toward summer highs
The AUDJPY cross was consolidating on Friday and was seen flat, trading at around 77.20 during the London session. 
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03/12/2020
Gold advances toward key resistance
Precious metals started to rise sharply on Tuesday, and it looks like a bullish reversal is in place.
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02/12/2020
EURUSD above 1.20 for the first time since 2018
The EURUSD pair has rocketed higher recently amid the broad US dollar weakness, and it rose more than 100 pips yesterday, settling above the critical 1.20 level. 
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01/12/2020
NZDUSD settles above 0.70, trades at 30-mth highs
It has been a good ride for the Kiwi, and the NZDUSD pair is up 25% from March lows and 7% since November.
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30/11/2020
Silver plunges despite weaker dollar.
Precious metals failed to capitalize on the weak greenback (which is down to two-year lows) and were hammered recently, with silver down 15% from November highs, trading at around 22 USD today.
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27/11/2020
The US Dollar Slips Under Pressure
The USD is trading under pressure across the board as a result of upbeat data from China and losses in US stock futures.
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26/11/2020
Gold is on a Bearish Trend
Gold prices are set to extend the bearish momentum according to the IG Client Sentiment Index amidst a shift in fundamental narrative.
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25/11/2020
Dow Jones Rebounds
Tuesday witnessed a thrilling rebound of Dow Jones from the pandemic-driven crash that it suffered earlier this year.
 
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24/11/2020
Gold Falls Into a Bearish Trend
The XAUUSD has been testing the support level of 1850 USD since the beginning of November and has shown signs of a modest decline.
 
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23/11/2020
Can the Dow Jones Hold on to the Historical Level it Reached?
The market witnessed a few aha moments, but the bigger question is whether it can sustain the gains it made.
 
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19/11/2020
Gold looks bearish, poised to crash below 1,850 USD
Despite the recent USD weakness, metals have been offered, and gold is down nearly 1% on Thursday, trading at around 1,850 USD during the US session.
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18/11/2020
EURUSD: The big picture
The EURUSD pair has been in a downtrend since 2008-2009, despite some ongoing volatility during the Finacial crisis.
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16/11/2020
Dow Jones attacks 30,000 USD again.
Another vaccine news sent US stocks vertically higher, and the Dow Jones Index was up 1.5% ahead of the US session on Monday, trading at around 30,000 USD.
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13/11/2020
USDJPY slowly fading toward 104 support
Monday's 250 pips spike amid vaccine news is slowly being erased, and the USDJPY pair is down 70 pips from Monday's highs.
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12/11/2020
AUDUSD: Are bears going to take advantage of the bearish pin bar?
The AUDUSD pair was down 0.3% during the US session on Thursday, trading at around 0.7260.
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11/11/2020
Footsie up for 10 consecutive days
Another day, another vertical move in the FTSE 100 index as it was trading more than 1% higher during the US session on Wednesday, last seen at 6,375 GBP, which are five-month highs for this index.
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10/11/2020
Gold defends September lows, for now.
Monday was a disaster for the bullion, and it plunged 5%, one of the largest declines ever for the metal.
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09/11/2020
Dow Touches 30k, what is next?
Another incredible day for US equities and stocks rocketed higher after Pfizer’s vaccine news. Most of the major indices were up 3-5% today, while the Nasdaq 100 index was heavily underperforming, trading flat on the day.
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06/11/2020
Nasdaq stalls near bearish trendline 
What a week! The Nasdaq 100 index is up 8% since Monday, and it was consolidating recent gains on Friday as traders took some profits from the massive rally.
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05/11/2020
USDJPY plunges below key support
The greenback has been dropping like a stone over the previous days as markets are pricing in more stimulus, more stimulus and even more stimulus.
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04/11/2020
Gold soars as any scenario seems bullish.
The bullion plunged 2% during the Asian session, only to fully recover, and it was trading in positive territory ahead of the US session, last seen near 1,910 USD.
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03/11/2020
Footsie rockers higher toward previous lows
It looks like drastic lockdowns are indeed bullish for equities as the FTSE index goes vertical after the UK announced a new lockdown in the country, where everything non-essential will be closed.
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02/11/2020
AUDJPY recovers but remains in a bearish channel
The AUDJPY cross was trading at 0.3% higher on Monday as it tried to recover from the recent sell-off. Since stock markets across the globe are rising notably today, the AUDJPY cross was bid as well. 
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30/10/2020
GBPUSD retests broken uptrend line
Financial markets are reversing yesterday's moves, and the greenback is sliding, while metals and stocks are advancing.
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29/10/2020
EURUSD drops below short-term bullish trendline
The greenback has been accelerating higher recently as sentiment worsened, and the global COVID-19 situation is deteriorating rapidly.
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28/10/2020
CAC index collapses to 5-mth lows
This week has been a bloodbath for European equities, and the French CAC index was down 2.5% on Wednesday, trading at around 4,560 EUR, which is the lowest level since the end of May.
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27/10/2020
Silver trades below uptrend line, further weakness likely
It has not been a positive week so far for silver and the metal is down again on Tuesday, trading at around 24.20 USD during the US session.
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26/10/2020
EURAUD Update: Was it a false breakout?
The EURAUD cross was trading flat on Monday (although there has been some intraday volatility), and it was seen at around 1.66 at the time of writing.
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23/10/2020
USDJPY pair back near critical support
It has not been a positive week for the USDJPY pair, and it is down circa 100 pips from this week's highs. On Friday, it was trading down another 0.2% and was seen hovering near 104.70.
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22/10/2020
Nasdaq index tests critical support
Indices were down again on Thursday, and the Nasdaq 100 index was down 7 out of 8 previous days, something rather unusual.
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21/10/2020
DAX drops toward important bullish trend line
Wednesday has been a negative day so far for equities, and the German DAX was down nearly one percent during the US session, trading at around 12,620 EUR.
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20/10/2020
EURAUD roaring higher from the consolidation phase
Tuesday was a perfect day for EURAUD bulls as the cross was trading 1% stronger during the US session, seen at around 1.6780, which are five-month highs for this cross.
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19/10/2020
Is NZDUSD forming a large head and shoulders pattern?
The NZDUSD pair, also known as the kiwi, rose 0.6% on Monday, and it was trading at around 0.6640 at the time of writing.
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16/10/2020
Footsie defending key support again
The FTSE 100 index declined notably on Thursday and tested previous lows of 5,800 GBP yet again, only to bounce from this level and post a 1% rally on Friday.
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15/10/2020
DAX down 3%, drops to September' lows
Thursday was a bearish day for EU indices, and the German DAX was down nearly 3% during the US session, trading at around 12,630 EUR. 
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14/10/2020
GBPUSD back above short-term uptrend line
The GBPUSD pair is surging today and it was half a percent higher during the London session, trading at around 1.30. From its intraday lows, the cable is now up nearly 150 pips as it managed to completely erase a daily loss of 0.40%.
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13/10/2020
USDJPY still above strong support
Despite the recent sell-off, the USDJPY pair managed to defend the strong support zone of 105.20, and it was trading somewhat higher on Tuesday, last seen at around 105.50.
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09/10/2020
EURJPY climbs above strong resistance
The EURJPY cross has been rising along with equities, and since sentiment seems to be super bullish, we can expect more gains here.
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08/10/2020
DAX index back in bullish regime
It looks like the chatter of more ECB' QE is helping, and the German DAX has been bid over the previous days. It managed to push above the 13,000 EUR resistance, and on Thursday, it was up another one percent, hovering near 13,050 EUR.
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06/10/2020
GBPJPY weakens, but trades above the uptrend line
The GBPJPY cross was down marginally during the US session on Tuesday and was trading near 137, down 50 pips from intraday highs reached during the Asian session.
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05/10/2020
AUDJPY looking bullish in continuation pattern
As sentiment improved notably after news that Trump might be discharged from the hospital as soon as today, equities rallied, which pushed the AUDJPY cross higher as well.
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02/10/2020
FTSE back near swing lows
The FTSE 100 index, also known as the Footsie, has been vastly underperforming other indices and is the weakest equity index year-to-date (out of the major indices).
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01/10/2020
Dow reclaims 28,000 USD threshold
Equities are up sharply on Thursday amid more stimulus news, and investors dont need anything else. Ahead of the US session, the Dow index was up more than 1%, trading above the important 28,000 USD level.
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30/09/2020
Gold trying to breach the 1,900 USD threshold again
Precious metals have been bid this week and gold is up circa 50 USD from Monday's lows, trying to jump above the important 1,900 USD level. At the time of writing, the metal was spotted somewhat below this resistance.
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29/09/2020
Oil wants to remain above 40 USD
It looks like oil does not want to move below the 40 USD threshold, and every dip below this level has been bought so far.
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28/09/2020
Nasdaq soars, correction seems over.
The Nasdaq 100 index kicked off the new weekend very well, and it was trading 2% higher during the early US session on Monday.
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25/09/2020
USDJPY advances for five consecutive days
The USDJPY pair has been bid each day this week, and it was up 0.30% during Friday's US session, seen at around 105.70. It is now up nearly 200 pips since Monday's lows.
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24/09/2020
AUDJPY down for nine consecutive days
Bears are raging in this one! The AUDJPY cross, sensitive to the market sentiment, has been dropping like a stone, and the Aussie is down for nine consecutive days, which might be a new record. 
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23/09/2020
NZDUSD plunges, about to confirm a double top pattern
The Kiwi is down for the fourth consecutive day on Wednesday, and at the time of writing, the NZDUSD pair was trading more than half a percent weaker, hovering near 0.6590. That is one-month lows for this currency pair. 
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22/09/2020
GBPUSD: Cable tests September lows
The grenback strengthened on Monday and it continued to move higher on Tuesday as well, with the cable slipping 0.25% during the London session, trading at around 1.2780, which are September lows for this pair.
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21/09/2020
DAX drops below uptrend line
It was another bearish day for EU indices, and the German DAX was down more than 3% on Monday afternoon, trading at 12,700 EUR, which are one-month lows for this index.
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18/09/2020
Loonie slides after weak retail sales
The Canadian dollar, also known as the Loonie, was trading 0.25% weaker on Friday afternoon as weak retail sales numbers undermined it. The USDCAD pair was seen slightly below the 1.32 level at the last check.
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17/09/2020
Nasdaq tests previous lows.
The Nasdaq 100 index has been dropping the entire day, but it looks like US investors are ready to buy the dip as the price declined to the very strong support of previous days. 
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16/09/2020
USDCHF remains under pressure ahead of FOMC
The greenback came under renewed selling pressure over the previous days as the Fed continues to be dovish, which is driving investors out of the US dollar.
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14/09/2020
GBPUSD: Is the decline over?
The GBPUSD pair is down 5% (or 600 pips) from its August' highs, but it looks like the recent plunge might be nearing its end. 
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11/09/2020
Silver remains stuck in a narrow range.
Since August, precious metals have been consolidating, and volatility has been minimal, following the very sharp uptrend in July.
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10/09/2020
Euro roars higher after ECB decision.
The latest ECB meeting wasn't as dovish as expected, and the central bank actually said that the EURUSD pair near 1.20 is not a problem for Europe.
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09/09/2020
GBPUSD falls below important support
The GBPUSD pair, also known as the cable, has been under pressure over the previous days and it dropped below the important level of 1.30. On Wednesday, it was trading 0.4% weaker, last seen near 1.2930.
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07/09/2020
SP500 rises on Monday, dip seems to be over
It looks like the latest 6% correction was all the bears could achieve and the markets are seen rallying on Monday again. As of writing, the SP500 index was up 0.30%, trading near 3,425 USD.
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04/09/2020
AUDJPY testing previous highs
The AUDJPY cross fell yesterday as sentiment worsened, but it was trading flat on Friday, changing hands at around 77.20 ahead of US data.
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03/09/2020
EURAUD defends previous lows
It looks like the EURAUD cross is about to surge again, which might indicate risk-off trading flows. 
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02/09/2020
EURUSD correcting lower on Wednesday
Yesterday's huge reversal continued on Wednesday, and the euro was down half a percent against the greenback, trading at around 1.1850.
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31/08/2020
EURJPY: Rollercoaster continues
The EURJPY cross rallied sharply on Thursday, then dropped even more sharply on Friday, and Monday has brought aggressive buying again.
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28/08/2020
USDJPY plunges to August lows
Friday was a bad day for the US dollar, with the greenback down sharply against most of its major peers. The USDJPY pair was down one percent during the US session, trading near 105.40, which are two-week lows for this pair. 
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27/08/2020
AUDJPY at fresh cycle highs
As stocks are rising to new record highs each day and sentiment remains extremely bullish, the JPY crosses are also bid and in bullish trends.
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26/08/2020
NZDUSD seems ready to fly again
The NZDUSD pair has been consolidating over the previous days, but it looks like it has formed a bullish base near 0.6520, and the pair is already trying to move higher on Wednesday.
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25/08/2020
GBPUSD: Cable surges amid dollar weakness
The US dollar came under renewed selling pressure on Tuesday, which lifted many USD pairs and the so-called cable jumped 0.8% to trade at around 1.3165 during the US session.
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24/08/2020
Nasdaq going vertical again
Another day, another record! The Nasdaq 100 index is unstoppable, and it was trading more than 1% higher on Monday, outperforming other indices again and going vertical, again. 
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21/08/2020
Gold tests previous swing lows
The bullion was sold-off on Friday and it was down circa one percent ahead of the US session, trading at around 1,925 USD.
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19/08/2020
Gold testing important uptrend line
It looks like the recent surge in gold prices might be over as there is some notable weakness in precious metals on Wednesday.
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18/08/2020
EURUSD at fresh two-year highs
The greenback came under renewed selling pressure today, and the EURUSD pair rose 0.75% to trade at fresh cycle highs above 1.1950. These prices were last seen in May 2018.
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12/08/2020
DAX up for 6th consecutive day
German DAX index was up for the sixt consecutive day in what appears to be the continuation of the new regime that stocks always go up. On Wednesday, the index was up 1.3%, trading at around 13,000 EUR.
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11/08/2020
EURAUD trying to cancel bearish channel
The EURAUD cross was bid on Tuesday as it erased daily's losses and turned positive during the US session. At the time of writing, it was seen at around 1.6440.
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10/08/2020
Has EURUSD topped out?
On Monday, the EURUSD pair was trading 0.30% weaker during the US session, seen near 1.1750, at daily lows. 
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07/08/2020
EURJPY tests strong bullish trend line
Sentiment worsened on Friday, and it seems the bullish trend on this FX cross might soon come to an end. During the US session, the cross was trading half a percent weaker at around 124.80, testing the essential medium-term uptrend line.
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06/08/2020
How high can silver go?
You must have noticed the current vertical movement in silver and in precious metals generally. Silver rose from 18 USD in July to 28 USD now, which is a 60% increase in five weeks. 
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31/07/2020
EURUSD posting a large daily pin bar
The EURUSD pair has been rising sharply since May, and the euro touched 1.19 today before selling notably. During the US session, the EURUSD pair was trading somewhat lower on the day, completely erasing daily gains.
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29/07/2020
Kiwi testing uptrend line
The NZDUSD pair, also known as the kiwi, has been moving sideways recently and this consolidation was welcome after the big runup earlier in the summer.
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28/07/2020
CAC confirms the bearish breakdown
A couple of days ago, we informed you about a potentially bearish pattern in the French CAC index. It looks like this pattern was correct, and a bearish breakdown occurred, with the index dropping each day since then.
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27/07/2020
USDJPY drops to four-month lows
The greenback continues to suffer as it has been dropping sharply over the previous days, with Monday continuing in this trend. The USDJPY pair was down half a percent during the US session, trading at four-month lows near 105.50.
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24/07/2020
AUDJPY corrects sharply lower, what happens next?
Not so long ago, we posted a bullish analysis for the AUDJPY cross. It managed to hit our target at previous highs, but the cross stopped right there and was sold-off sharply, posting a large double top pattern.
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23/07/2020
CAC is failing the upside breakout, starting to look bearish again
It looked like the French CAC index posted a nice bullish breakout from the consolidation triangle. All this occurred during a medium-term uptrend, which suggested the triangle pattern was only a continuation pattern in the bullish trend. 
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22/07/2020
EURUSD at 18-mth highs
The EURUSD pair traded below the 1.16 level during the US session on Wednesday, and it hit the 18-month highs. It was seen half a percent higher today.
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20/07/2020
Nasdaq back in the bullish regime
The good old days are back! The Tech heavy Nasdaq 100 is soaring again, and the rest of the market is falling. 
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17/07/2020
USDJPY pair remains stuck within a tight range
As always, volatility in the FX market has been minimal on Friday, with the USDJPY pair trading flat during the US session, last seen at around 107.15.
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16/07/2020
EURJPY grinds higher amid euro strength
The EURUSD pair continued to trade above the 1.14 threshold, which strengthened the EURJPY cross as well. It was trading nearly half a percent stronger on Thursday afternoon, seen at around 122.50.
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15/07/2020
French CAC index forming a nice triangle pattern.
The CAC index rose on Wednesday, along with other indices, but it will probably sell-off later in the day to close the bullish gap. At the last check, it was trading at around 5,050 EUR.
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14/07/2020
GBPJPY turns bearish as it drops below strong support
The GBPJPY cross traded weaker on Tuesday and was seen hovering near 134.40 during the US session, although it was up considerably from daily lows printed at 134.00.
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13/07/2020
GBPUSD having troubles with 1.2670 resistance
The GBPUSD pair was flat on Monday and was seen trading at around 1.2615 during the US session as the pound is having some serious difficulties getting above the strong resistance of 1.2670.
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10/07/2020
Is EURAUD getting ready to fly?
The EURAUD cross has been consolidating over the previous days, and it seems stuck in a narrow range since July. On Friday, it was trading 0.4% higher during the US session, last seen at around 1.62650.
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09/07/2020
Gold soars above 1,800 for the first time since 2011
As dollar dumped, gold jumped. That was the story on Wednesday as traders sold the US dollar (the EURUSD pair returned above 1.13), and they bought gold with both hands
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09/07/2020
FTSE halts its decline near previous lows
The FTSE index declined 1% on Thursday, but managed to recover slightly ahead of the US session as other indices were seen rising again.
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07/07/2020
EURUSD retesting broken downtrend line
The EURUSD pair was trading down 0.3% on Tuesday, and it was seen at around 1.1280 at the time of writing. 
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06/07/2020
SP500 rallies above previous highs
The SP500 index, along with other indices, rallied sharply during the Asian session and it was trading 1.5% stronger ahead of the US opening bell. 
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02/07/2020
EURUSD sold at bearish trend line
The EURUSD pair started to rally today, but it failed to breach the strong bearish trend line from June's highs, which leaves the intraday outlook neutral. Shortly after the US opening bell, the pair was only marginally higher on the day, hovering at around 1.1260.
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01/07/2020
Silver fails at previous highs 
As stocks rose, precious metals were pummeled and both gold and silver turned lower during the US session on Wednesday. Silver was down 1.5%, trading near 17.95 USD at the time of writing.
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30/06/2020
NZDUSD defends previous lows
The New Zealand dollar, also known as the Kiwi, was trading flattish during the US session, but it managed to erase today's losses suffered earlier in the day. At the last check, the pair was trading at around 0.6440.
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29/06/2020
AUDJPY forming a nice triangle pattern
The AUDJPY cross was trading somewhat higher on Tuesday and was seen hovering at around 73.65 during the US session. 
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26/06/2020
AUDJPY remains within a triangle formation
The AUDJPY cross is usually a good barometer of the risk on/off trading in the financial markets and it has been stuck in a consolidation pattern for some weeks now. On Friday, the cross was seen ticking lower during the EU Session and was trading at around 73.60.
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25/06/2020
FTSE under pressure on Thursday
Wednesday was a negative day for equities as investors sold risk assets, and Thursday seems to continue in the bearish trend. The FTSE 100 index was down 0.7% during the London session, trading at around 6,090 GBP.
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24/06/2020
GBPJPY defending major uptrend line
The GBPJPY cross rallied on Monday and Tuesday as sentiment improved and it was trading somewhat higher on Wednesday, hovering at around 133.50 in the morning.
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23/06/2020
WTI oil testing 200-day moving average
The price of oil has been moving higher in tandem with stocks, and on Tuesday, it was seen another 1% higher during the Frankfurt session.
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22/06/2020
DAX climbs back above important support
Equity markets started with a bearish gap on Sunday evening, but that was quickly closed, and optimism returned, with EU and US indices futures rising circa 1% during the London session on Monday. 
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19/06/2020
Is silver getting ready for a big move?
The price of silver has been consolidating since late May, and it has moved sideways most of the time. On Friday, the precious metal was seen 1% higher in the morning EU session, trading at around 17.50 USD.
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18/06/2020
Oil defending steep uptrend line
The price of oil has been consolidating recently. The WTI benchmark has been trading at around 37 USD for the better part of June.
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17/06/2020
Nasdaq index trying to jump above 10k again
The rally from Monday's lows has been impressive and the Nasdaq 100 index is trying to continue in its bullish tracks, trying to get back above the important 10,000 USD level.
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16/06/2020
Footsie posts a bullish reversal
Monday's large bullish reversal in the stock markets was really impressive and equities erased sharp intraday losses to close the day notably higher. 
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15/06/2020
GBPJPY cross with a nice bullish divergence
The Asian session on Monday started negative for risk-on assets, and a steep sell-off occurred. However, the EU session is beginning to look a bit more positive as the dip has been bought (at least for now). The GBPJPY cross is currently trading unchanged on the day at around 134.50.
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12/06/2020
USDJPY's decline halted at key support
Yesterday's huge decline in the equity markets failed to spark any strong selling in the USDJPY pair and it declined only mildly. On Friday, it was up 0.3%, trading at around 107.20 during the EU session.
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11/06/2020
SP500 down sharply as Fed disappoints
Equities sold-off sharply on Wednesday and Thursday and the SP500 index was down 1.8% during the Frankfurt session on Thursday as it seems that yesterday's FOMC meeting was not dovish enough, which disappointed market participants.
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10/06/2020
AUDJPY forming a head and shoulders pattern
The risk sentiment appears to be rebounding on Wednesday, ahead of the FOMC meeting, and the AUDJPY cross was trading slightly higher on the day, hovering at around 75.00.
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09/06/2020
EURJPY about to retest the broken bearish trend line
The EURJPY cross managed to rise above the long-term bearish trend line, but traders took some profits from the recent rally (mainly in the USDJPY pair),
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08/06/2020
Is GBPAUD starting to look bullish?
The GBPAUD cross has been falling nonstop for many weeks. However, it looks like it might have found its bottom (at least from the short-term perspective) as there are a couple of bullish signals on the chart right now. 
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05/06/2020
Gold remains stuck in narrow range
Volatility has been lower recently and gold has been consolidating over the previous days. On Friday, the metal was trading half a percent lower on the day, hovering at around 1,705 USD.
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04/06/2020
EURAUD cancels immediate bearish trend
The EURAUD cross was trading somewhat higher on Thursday and was seen near 1.6260 during the Frankfurt session as the bearish momentum seems to be waning.
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03/06/2020
GBPJPY trades in a steep upward trend
The Japanese Yen has been under severe selling pressure during this week and the USDJPY pair gained 200 pips on Tuesday, with the bullish momentum in JPY crosses continuing on Wednesday as well.
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02/06/2020
GBPUSD: Cable Spikes Toward 200EMA
The GBPUSD pair, also known as the cable, has been rising steadily over the previous days and it was up 0.35% during the London session on Tuesday, changing hands at around 1.2530, which are one-month highs for the Pound.
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01/06/2020
EURUSD at major resistance
The greenback continues to decline broadly, and it looks like investors are finally starting to price in the vast money printing by the Fed. On Monday, the EURUSD pair was up half a percent, trading at around 1.1140.
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29/05/2020
NZDUSD starting to look bullish again
The greenback came under broad selling pressure this week and the NZDUSD pair capitalized on it, having broken above the critical resistance of 0.62.
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28/05/2020
Silver consolidating below strong resistance
Silver managed to stage a nice bullish reversal on Wednesday, which might push the price further higher today. During the Frankfurt session, it was seen half a percent higher on the day, changing hands at around 17.36 USD.
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27/05/2020
EURAUD drops below significant support
As sentiment improved, the Aussie has been bid, and the EURAUD cross is now seen at three-month lows, trading at around 1.6500.
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26/05/2020
GBPUSD pair spikes above significant resistance
Tuesday brought with it an anti-dollar mood, and the greenback suffered against other major currencies. The EURUSD pair was up 0.6%, while the GBPUSD pair advanced 140 pips, or 1.4%, during the London session.
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25/05/2020
SP500 index stuck at previous highs, again
The SP500 index was 0.3% higher during the London session on Monday and was seen trading near 2,970 USD, where the key resistance zone is located. 
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22/05/2020
GBPJPY fails at strong resistance again
The GBPJPY failed to post a bullish break through a strong resistance and was brought lower by the worsening sentiment. 
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21/05/2020
EURUSD fails at 1.10 again
The latest rally brought the EURUSD pair to the 1.10 threshold, but bulls failed to breach this critical resistance again, and the euro was down 0.3% on Thursday, trading at around 1.0950.
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20/05/2020
CAC stalls at previous highs
The French CAC index dropped on Tuesday and erased nearly half of the big Monday's rally. On Wednesday, it was trying to push higher again and was seen half a percent stronger during the EU session.
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19/05/2020
AUDUSD pair marches toward 200-day moving average
The US dollar has come under severe selling pressure on Monday as the Fed reiterated its ultra dovish stance, and the AUDUSD pair rose nearly 2% on Monday.
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18/05/2020
EURRUB forming a nice triangle formation
The EURRUB cross has been falling slowly over the previous days, despite the poor coronavirus situation in Russia.
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15/05/2020
SP500 having some issues with maintaining the uptrend
The SP500 index was down for three days yesterday, but late-day ramp pushed the index into positive territory. Thursday's candle now looks like some reversal bar. On Friday morning, equities were consolidating, and the SP500 index was flattish, with only minimal volatility during the Asian session.
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14/05/2020
EURJPY tests major support
As sentiment worsened over the previous days, the Yen strengthened broadly and the EURJPY cross dropped 150 pips from this week's highs. On Thursday, it was down 0.3% during the London session, trading at around 115.50.
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13/05/2020
Silver consolidating above 15 USD
The price of silver has been moving sideways after the early May's rally, and it looks like silver is consolidating before another leg higher.
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12/05/2020
DAX remains above uptrend line
EU indices were trading slightly lower on Tuesday, but the German DAX managed to stay above the short-term bullish trend line, thus defending the uptrend so far. During the EU session, the DAX was half a percent weaker, trading at around 10,830 EUR.
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11/05/2020
SP500 index declines on Monday
The SP500 index erased the overnight losses and was trading half a percent weaker during the EU session, last seen at around 2,925 USD.
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07/05/2020
Gold slips to significant support again
The precious metal declined over the previous days as the US dollar strengthened (for whatever reason), and the bullion was trading at around 1,686 USD on Thursday morning. 
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06/05/2020
EURAUD forming a double bottom pattern
The EURAUD cross has been volatile in May so far, and the initial rally was nearly wholly erased. On Wednesday, the EURAUD cross was seen somewhat lower at the time of writing, changing hands at around 1.6810.
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05/05/2020
USDJPY remains below strong resistance
The greenback dipped against the yen but managed to strengthen against the Euro over the previous days. On Tuesday, the USDJPY pair was trading somewhat lower on the day, hovering at around 106.70.
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04/05/2020
SPX Index defends 50% retracement level
The SP500 index opened with a bearish gap on late Sunday, but it managed to rally since then, and the index entirely erased the gap, only to turn lower again shortly after. 
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01/05/2020
EURUSD jumps toward 1.10
The EURUSD pair rose notably on Thursday and it was seen consolidating on Friday, with the euro trading at around 1.0960 against the US dollar.
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30/04/2020
Nasdaq marching toward all-time highs.
Wednesday was a very, very bullish day for the Nasdaq index, and technological stocks rallied 5% after Gilead Science said the Remdesivir drug is looking promising.
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29/04/2020
EURJPY testing April lows
The euro continues to decline against the yen and on Wednesday, the price dropped to last week's lows of 115.50 as the Japanese yen strengthened notably against the greenback. 
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28/04/2020
Gold under pressure on Tuesday
As the US dollar suddenly surged (for whatever reason), precious metals took a beating on Tuesday, and both gold and silver were trading lower during the London session.
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27/04/2020
USDJPY pair testing strong support again
The greenback came under pressure on Monday, and it was trading broadly lower, with the USDJPY pair losing 0.3% during the London session, changing hands at around 107.20.
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24/04/2020
GBPJPY signaling a bearish breakdown
The GBPJPY cross has been consolidating recently, but Friday's sell-off might push it below the short-term uptrend line, which could mean the bearish trend is about to resume.
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23/04/2020
The CAD May Present The Biggest Trading Opportunity Following WTI Futures Historic Crash!
Cries were heard in every corner of the globe as the news of the WTI crude oil futures crash spread. Now that we’ve managed to digest this unprecedented event, traders have to get back into action and make their next move but trading on oil is extremely risky in the face of extraordinary volatility.
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21/04/2020
GBPUSD dropping to some strong support
Sterling decline over the previous days, although losses were not dramatic. On Tuesday, the GBPUSD pair was trading 0.3% weaker, changing hands at around 1.24.
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20/04/2020
What's going on with gold?
The bullion posted fresh seven-year highs a couple of days ago, but since then, it has been slowly drifting lower as traders took some profits from the recent strong rally. On Monday, the precious metal was trading half a percent weaker, hovering at around 1,675 USD.
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17/04/2020
SP500 index soars above another key resistance
Another day, another bullish run. US equities are ignoring all the worrying economic and fundamental data and are soaring each day. On Friday, the SP500 index was trading more than 1% higher during the Frankfurt session, hovering at around 2,865 USD.
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16/04/2020
FTSE 100 index lacks momentum but looks bullish
The Footsie index was trading half a percent higher on Thursday, underperforming under EU/US indices, and it seems to be lacking upside momentum.
 
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15/04/2020
US oil trying to defend the 20 USD threshold
Oil is down another 2% on Wednesday, and the WTI benchmark is trading at around the essential 20 USD level.
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14/04/2020
Silver at one-month highs
As the Fed has been printing massive amounts of money into the financial markets, precious metals (and stocks) rallied strongly. It looks like the bottoms are in and a sharp inflationary environment is about to hit the world. 
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09/04/2020
DAX continues in its bullish tracks
As we noted during the previous week, the German index DAX was consolidating in a narrow range and it looked like a bullish breakout was imminent. This really occurred and the DAX index soared another 500 points after the breakout.
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08/04/2020
SP500 posts a nice head and shoulders pattern
The SP500 index declined on Tuesday, and it was a sharp drop from daily highs as the index cratered some 4% to post a strong daily bearish pin bar. 
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07/04/2020
EURUSD starts to rocket higher as very high US inflation nears
Gold and silver are soaring; US equities are roaring higher two or three times more as it looks like there won't be a recession, and the US economy will return to growth in the second half of the year. Perfect, as if nothing happened.
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06/04/2020
Silver testing key resistance
Silver took a pause in its strong rally and consolidated for many days, but this phase looks to be over, and the metal is heading higher again. 
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03/04/2020
DAX consolidates in a sideways channel
The early morning pressure on the DAX index eased quickly and it accelerated higher during the London session, having erased nearly the whole daily loss. It was trading at around 9,550 EUR at the last check.
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02/04/2020
GBPUSD consolidates, upside breakout likely soon
The GBPUSD pair rose ten big figures from its March lows and has been trading at around 1.24 for a couple of days now. 
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01/04/2020
Is Dow Jones going to fall again?
It was the fastest bear market in history. Then, it was the quickest bull market in history. What happens now?
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31/03/2020
EURUSD tests 1.10 handle again
The greenback continues to strengthen again and the EURUSD pair was down 0.5% on Tuesday, testing the psychological level of 1.10 to the downside. 
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30/03/2020
Silver posts a bearish breakdown from a consolidation pattern
Last week's silver rally was impressive, and the metal rose circa 15%. However, this still looks like a bear market corrective rally, and the long-term trend points to further possible downside pressure.
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27/03/2020
DAX is trying to break above the 10,000 level
It has been a very bullish week for the German DAX index as the German regulator Bafin banned short-selling. DAX is now 20% higher on the week and is trying to break above the critical psychological level of 10,000 EUR.
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26/03/2020
USDJPY pair forming a bearish wedge pattern
The USDJPY pair has been moving sideways over the previous days and consolidated after the sizeable bullish move earlier in March.
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25/03/2020
SP500 rebounds strongly
Tuesday was one of the best days for equities in the history of the stock market, and US benchmarks rose +-10%, erasing three days of losses. On Wednesday, the index was 2% higher during the London session, trying to settle above the 2,500 USD threshold.
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24/03/2020
WTI oil - is the worst over?
It seems like the worst could be over for now. The WTI oil was trading another 4% higher on Tuesday, following a healthy gain on Monday, and the benchmark was seen at around 25.00 USD during the London session.
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23/03/2020
Nasdaq soars after Fed's action but fails to hold gains
The Fed has just announced an unlimited quantitative easing program, + the central bank will now be able to buy corporate, muni, and agency debt (for the first time).
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20/03/2020
GBPUSD soars in a short-covering rally
The GBPUSD pair rocketed higher on Friday and was seen more than 3% higher during the London session, trading at around 1.1850. These massive movements are becoming a new normal as volatility continues to be extremely elevated, and the whole is buying the US dollars everywhere.
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19/03/2020
DAX nears vital support area
The German index is down 40% from its all-time highs reached just three weeks ago, and it continues to decline as the coronavirus situation is getting worse instead of better.
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18/03/2020
Gold volatile and trend uncertain
Gold used to be a safe-haven asset. Not during this crisis. The initial spike higher was quickly erased as investors are selling everything due to a shortage of US dollar liquidity, and cash is king, as during any crisis.
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18/03/2020
Silver trades at 11-year lows
As the economic depression is nearing, industrial commodities, such as oil or silver, are cratering nearly every day. Silver is down 35% from its highs reached three weeks ago. On Wednesday, it was trading 2.5% weaker as well, hovering at around 12.30 USD.
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17/03/2020
SP500 in a bearish trend
The benchmark US index is in a bearish trend (defined as a 20% drop from the recent cycle highs) and is trying to defend the critical bullish trend line from 2009 lows.
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17/03/2020
GBPUSD tests critical support
As the demand for the US dollar soars, the GBPUSD pair is moving down, really sharply. The GBPUSD pair is down nearly 8% from its March highs reached ten days ago. On Tuesday, sterling was another 0.5% weaker during the London session, trading at around 1.22.
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16/03/2020
FTSE Index falls to 10-year lows
It was another brutal day for equities, and the FTSE 100 index declined 10% during the London session as investors sold stocks despite the Fed cutting rates to 0% and launching a massive QE program.
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13/03/2020
Bitcoin crashes with the rest of the market
Many people claimed that cryptocurrencies would be the new safe-haven asset. As we can see, they could not be farther from the truth. 
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12/03/2020
DAX craters to almost four-year lows
German stocks are cratering again on Thursday, and the index is down 5% during the EU session, trading at around 9,840 EUR, which are levels last seen in the summer of 2016. 
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11/03/2020
GBPUSD: Sterling surges despite a massive rate cut
The British pound was trading in green during the early London session, having erased today's losses, and the GBPUSD pair was up 0.35%, changing hands at around 1.2950 at the time of writing.
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10/03/2020
SPX finally rises, tests strong resistance
Equities reversed their direction on Tuesday and rocketed higher, with EU indices up 7%, erasing more than 50% of yesterday's losses. In comparison, US benchmarks were 5% stronger, also wiping more than 50% of Monday's decline. 
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09/03/2020
DAX craters 10% in worst decline since Brexit referendum
The combination of the coronavirus and Saudi oil war has sent stocks sharply lower, with EU benchmarks losing 8-10% and US equity futures were halted.
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06/03/2020
USDJPY tanks as yields continue to crater
The USDJPY pair was offered again on Friday and continues to decline vertically as the virus panic spreads further, but unfortunately, so does the virus. The USDJPY pair was down 0.35% during the morning session on Friday, trading at 105.80, which are seven-month lows for the pair. 
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05/03/2020
Gold above strong supports but significant resistance looms
The bullion held its post-Fed gains and consolidated on Wednesday, but on Thursday, it ticked higher again as equities gave up some of their profits. During the London session, gold was trading half a percent stronger, seen at around 1,645 USD.
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04/03/2020
SP500: Is the decline over?
It looks like the situation is coming under control, and yesterday, the SP500 index managed to defend the short-term uptrend line, which confirmed that the index doesn't want to go lower. At least for now.
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03/03/2020
AUDUSD Rises Despite RBA Cutting Rates, Turning Dovish
The Australian dollar was trading 0.25% higher during the EU session on Tuesday, and the AUDUSD pair was spotted at around 0.6560 as bulls bought the Aussie despite the RBA cutting rates to historic lows and saying more cuts are coming.
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02/03/2020
GBPUSD Testing Major Support
The pound continued to fall on Monday and the GBPUSD pair, also known as the cable, was trading half a percent weaker during the Frankfurt session, hovering at around 1.2760.
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28/02/2020
Dow Continues to Plunge, Tests Another Significant Support
As the virus outbreak is reaching pandemic levels, traders are running from equities, and main benchmarks have experienced the worst week since the financial crisis in 2008 as nearly all of the indices are down circa 15% on the week.
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27/02/2020
Gold Forms Falling Wedge Pattern but Lacks Bullish Momentum
As mentioned yesterday on our Facebook page, the bullion managed to form a nice falling wedge pattern, which is usually a bullish formation.
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FTSE 100 index lacks momentum but looks bullish
The Footsie index was trading half a percent higher on Thursday, underperforming under EU/US indices, and it seems to be lacking upside momentum.
 
Read more
The CAD May Present The Biggest Trading Opportunity Following WTI Futures Historic Crash!
Cries were heard in every corner of the globe as the news of the WTI crude oil futures crash spread. Now that we’ve managed to digest this unprecedented event, traders have to get back into action and make their next move but trading on oil is extremely risky in the face of extraordinary volatility.
Read more
Silver surges again, reinstates bullish trend
Precious metals were bid on Thursday and silver was trading nearly 3% higher during the US session, hovering near 26.50 USD.
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GBPJPY plunges along with stocks
The GBPJPY cross was down sharply on Tuesday and at the last check, it was seen 1.2% weaker, trading at around 138.10.
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Silver trying to stay bullish as gold falls to new lows
Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. On Thursday, trading another 1.5% weaker during the US session, changing hands at around 26.50 USD.
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Silver trying to stay bullish as gold falls to new lows
Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. On Thursday, trading another 1.5% weaker during the US session, changing hands at around 26.50 USD.
Read more
Silver trying to stay bullish as gold falls to new lows
Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. On Thursday, trading another 1.5% weaker during the US session, changing hands at around 26.50 USD.
Read more
Silver trying to stay bullish as gold falls to new lows
Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. On Thursday, trading another 1.5% weaker during the US session, changing hands at around 26.50 USD.
Read more
Silver trying to stay bullish as gold falls to new lows
Monday's huge 10% rally is long forgotten, and silver continues to be under pressure. On Thursday, trading another 1.5% weaker during the US session, changing hands at around 26.50 USD.
Read more
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