Currency futures soared against the dollar on Monday after Moody’s downgraded the US government’s credit rating. However, the dollar ended last week higher amid easing trade tensions and cooling fears of a US recession. Currency futures gained on Monday as the dollar collapsed after Moody’s credit rating downgrade intensified worries about US debt. Moody’s cut Read More…
Introduction Technical Analysis After a strong breakout above 1.13 in April, 6E has pulled back modestly, retracing toward the 50-day moving average and prior support at ~1.114–1.117. Buyers stepped in at that level, and we are now seeing an attempt to regain upside momentum. Price is currently retesting the pivot zone at 1.127, which is Read More…
Interest futures extended gains on Friday as Treasury yields eased on increasing expectations for Fed rate cuts. However, prices had a difficult start to the week as risk appetite soared on a trade truce between China and the US. Most investors felt confident enough to buy equities at the expense of the bond market. US Read More…
Price Action Overview Market Context Since bottoming near 38,000 in April, YM has staged a persistent, low-volatility rally forming a clean ascending triangle pattern, typically a continuation formation when appearing after an uptrend — which is what the longer-term trend supports. Today’s price action shows tight coiling just below resistance and above trendline support, so Read More…
Price Action & Structure Recap of the Recent Setup Technical Indicators Moving Averages Adaptive Momentum Oscillator (AMO) This indicator shows bullish strength, but watch for potential divergence if ES fails to break above R1 (~5,962) soon. Key Technical Zones Level Price Role R2 / ATH Target ~6,170–6,338 Long-term measured move / fib cluster R1 5,962.75 Read More…
Oil prices collapsed on Thursday after Trump said that a nuclear deal with Iran was approaching. Therefore, oil from Iran will further loosen the already loose market. At the same time, data from the US revealed a surprise increase in crude inventories, indicating weak demand. Oil fell about 3% on Thursday, extending a decline from Read More…
Gold fell on Wednesday as investor focus returned to the US-China trade truce. A pause in the trade war has improved risk appetite, hurting the safe-haven metal. However, the price rebounded in the previous session after downbeat US inflation figures. Since last week, gold has had a difficult time as global trade and geopolitical tensions Read More…
Technical Analysis Bullish Structure Intact The Euro surged from below 1.08 in Q1 to above 1.16 in mid-April, breaking through several key resistance levels. The most recent pullback appears to have: Resistance and Key Levels The key technical battlegrounds now are: A daily close above 1.1300 would shift momentum strongly back in the bulls’ favor Read More…
Equities soared on Monday after the US and China agreed to slash tariffs for the next 90 days. The move boosted risk appetite and put a pause to the trade war between the two countries. However, the future remains uncertain, meaning the rally might not last. At the same time, market participants are looking forward Read More…
Technical Analysis Double Bottom or Bear Flag? Crude oil has bounced sharply from the $55–56 area and is now testing the lower edge of a confluence resistance zone marked by: The $55.12 level remains as support. This pattern could be interpreted as either: RSI and Momentum Pivot Levels & Context Key Levels Type Price Area Read More…
