Technical Analysis

3/30/2020
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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3/27/2020
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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3/26/2020
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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3/25/2020
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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3/24/2020
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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3/23/2020
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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3/20/2020
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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3/19/2020
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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3/18/2020
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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3/18/2020
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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3/17/2020
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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3/17/2020
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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3/16/2020
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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3/13/2020
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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3/12/2020
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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3/11/2020
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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3/10/2020
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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3/9/2020
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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3/6/2020
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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3/5/2020
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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3/4/2020
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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3/3/2020
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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3/2/2020
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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2/28/2020
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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2/27/2020
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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