Technical Analysis

The NZD/USD fell sharply on Monday, reaching its lowest level since October 2022, following tariff news. However, the pair rebounded after tariffs on Mexico and Canada were delayed by 30 days. The price spiked higher, retraced into a key swing area between 0.5581 and 0.5592, then bounced to extend even higher. On Wednesday, the pair

3 Chip Stocks, 3 Different Stories AMD, Nvidia, and Broadcom are all in focus today, but their stock charts tell vastly different stories. AMD: Shares are down sharply, dropping over 7% after disappointing data center earnings were reported yesterday. This decline has pushed the stock to its lowest level since November 2024, painting a negative

Gold Futures Surge to Record Highs, Set Eyes on 2900 Gold futures (GC1) have decisively broken past key resistance levels, setting a new all-time high (ATH) and confirming strong bullish momentum. This breakout signifies robust buying pressure and suggests a sustained uptrend. Key Technical Insights for Gold Resistance Breakout: A long-standing resistance trendline has been

Early in the U.S. session, the price hovered around the 100- and 200-hour MAs, reflecting a choppy market awaiting direction. That push finally came from buyers, driven by easing tariff concerns, lower yields, and weaker U.S. data (JOLTS showed a decline in job openings). The rally took the price up to test the Asian session

Fundamental Overview Gold yesterday extended the rally into a new all-time high as Trump’s tariffs on Canada, Mexico and China led to a notable fall in real yields. In fact, inflation expectations (as measured by the breakeven rates) rose, while nominal Treasury yields fell. The thinking here is that a trade war would lead to

The USD/JPY initially moved lower into the US open, driven by risk-off sentiment as investors sought the relative safety of the Japanese yen. This move stood in contrast to the overall trend of US dollar buying. However, following the US-Mexico truce, which is set to last at least for the next month, the pair has

Fundamental Overview The S&P 500 continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on overvalued AI stocks. The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation

Fundamental Overview The Nasdaq continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on the tech heavy index. The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation

In the kickstart video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective to start the US trading day. The USD is largely unchanged as the final day of the week begins. THe biggest mover is the USDJPY which rose 0.34% despite better

President Trump yesterday announced plans to impose a 25% tariff on Canadian and Mexican imports starting February 1, though he suggested oil imports might be exempt. This announcement caused significant volatility in USDCAD. The pair surged from around 1.4400 to a high of 1.4594, marking new highs since 2020, before retracing below 1.45158, a key

he AUDUSD has declined this week, weighed down by concerns over tariffs and diverging monetary policies. While the US Fed held rates steady, the RBA now has inflation within the 2%-3% target range which opens the door for potential policy easing. Technical Overview: The price remains below the 100-hour MA at 0.62397, keeping sellers in

The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating

The price of WTI crude oil futures are selling at $72.73. That is up $0.11 or 0.15%. Looking at the hourly chart below, the price has been trending below its 100 hour moving average (blue line on the chart below) at $73.45 currently. Staying below that level kept the sellers more in control. The price

The AUD/USD has been choppy and non-trending over the past few days, but the overall control remains with the sellers. The bearish bias stems from the pair breaking below the 200-hour moving average earlier this week and consistently staying below it on both Tuesday and Wednesday (see green line on the chart). Recent Price Action:

The AUDUSD felt lower yesterday and for the most part stay below the 200 hour moving average (green line currently at 0.62597). In the early Asian session, the price sniffed that moving average, but still remained below. The Austrian CPI came lower than expectations: Headline CPI: +2.4% y/y (expected 2.5%, prior 2.8%). Headline CPI: +0.2%

The USDCAD attempted to break above the critical “red box” resistance area, previously identified as a key zone to clear and sustain. While the pair briefly surpassed the upper limit of 1.4466 ahead of the rate decision, it only reached 1.4464 before reversing downward. Early comments from Tiff Macklem have bolstered CAD strength, contributing to

TradeCompass: Nasdaq Price Prediction and Futures Analysis for Today (January 29, 2025) At the time of this Nasdaq futures analysis, NQ is trading at 21,559. Below is the detailed breakdown of today’s bullish and bearish scenarios for Nasdaq futures, aligned with the TradeCompass methodology. Bearish Scenario for Nasdaq Futures Today We turn bearish if the

The broader stock indices have extended to new session highs and continue to retrace some of the declines seen yesterday. The S&P index fell -1.46% yesterday. It is currently up 47.06 points or 0.78% in trading today. The NASDAQ index tumble by -3.07% yesterday. It is currently up 333 points or 1.72%. So although the