Technical Analysis

In an environment where geopolitical tensions are escalating, particularly between Israel and Iran, investors are closely watching the TA-35, an index tracking the 35 largest companies on the Tel Aviv Stock Exchange. The TA-35 Index serves as a barometer of the economic pulse of Israel and, by extension, how the country is navigating the troubled

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

AUDUSD daily The Australian dollar is nearing the February low of 0.6443 as it rests just 14 pips above. AUD/USD traded as high as 0.6644 on Tuesday but traded down sharply on the hot US CPI report and has continued lower today as the dollar breaks higher against a number of currencies. Though much of

The EURUSD has moved back to the downside after a modest rebound after US PPI and the Lagarde press conference. The ECB president did not rule out or endorse a June cut (data dependent). She did say, however, that the US and EU situations are different, which may give sellers increased hope of an earlier

The decline in the US yields has now been retraced with the yields further out the curve, now up on the day again. 5-year yield 4.615%, +0.2 basis points 10 year yield 4.572%, +1.2 basis points 30-year yield 4.666%, +3.2 basis points The U.S. Treasury will optional 30-year bonds at 1 PM ET, completing their

No surprise, but as the Europe/London traders head for the exits, the USD is the strongest and the AUD is the weakest. The AUDUSD is the biggest mover vs the greenback with a move of -1.84%. Looking at the 4-hour chart of the AUDUSD, the price moved back below the near converged 100 and 200

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

USDCHF back testing the 100/200 hour MAs Earlier today, the dollar selling took the USDCHF to and through the 100/200 hour MAs which were near converged at the 0.9040 area. That shift back below the MAs, disappointed the buyers from yesterday, and shifted the bias back to the downside. After retesting the MAs, the price

The major US stock indices are tilting back to the downside with the three major indices now down around -0.45% to -0.55%. A snapshot of the market currently shows: Dow industrial average -216.30 or -0.56% at 38676.88 S&P index -27.16 points or -0.53% at 5174.98 NASDAQ index -75.57 points or -0.47% at 16177.50 Looking at

USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. Fed Chair Powell maintained a neutral stance as he

Both the EURUSD and GBPUSD are stretching to new at-session highs. For the EURUSD, in its run higher, it is now moving further away from its 50% midpoint of the March 2024 trading range. That level comes in a 1.08522 and represents close support now for the pair. The next key target comes against a

I am looking for Bitcoin to achieve a new all time high in the near future. See where it might find sellers. Bitcoin technical analysis: Getting ready for a new ATH. 🔍 Technical perspective for the crypto king: As I delve into the weekly Bitcoin chart, it’s clear that the bullish momentum continues to surge.

Oil prices have been moving up since late December 2023 and are now (for Brent) forming a ‘Golden Cross’. This is a sign that technical analysts like, when a shorter-term moving average (MA) crosses above a longer-term MA: 50 and 200 day simple moving averages (SMAs) are commonly used, but those parameters are not chiselled

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Hey traders, it’s time for another round of Apple stock technical analysis. As one of the world’s most valuable companies, understanding Apple’s (AAPL) stock trajectory is super important for investors. Let’s look at the chart I’ve included and break down some key signals. Chart analysis of AAPL on the weekly chart: Awaiting a retest (see

Fellow stock market investors & traders: Watch the high weekly RSI Today, let’s delve into a valuable tool for navigating the S&P 500 Emini futures market: the Relative Strength Index (RSI). The chart you see here displays the RSI for the S&P 500 e-mini futures, the main gauge of the entire US stock market. The

EURJPY is looking to test a key target New The EURJPY is following the USDJPY entry into the lower in trading today continuing the decline started in the late US session. Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into

Japan’s Nikkei 225 is trading down -2.42% on the day and that is on pace for its worst declining day since December 20, 2022. Declines come on the back of selling in the US stocks yesterday. After earlier gains in the day on Thursday, the S&Pm, Dow and NASDAQ indices all retreated by over -1.23%