Introduction The Japanese yen has fallen to its weakest level against the US dollar since 1986 as the widening interest rate gap between the United States and Japan continues to favour the dollar. Although the Bank of Japan has raised interest rates to 1%, they remain well below US rates, while higher oil prices and Read More…
Introduction Gold futures have continued moving exactly as we discussed in our previous analysis. After breaking below the major support zone around 4,165, sellers have remained firmly in control, pushing GC below both the 50-day and 200-day moving averages. When we first looked at the price action in GC, it was more on the side Read More…
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Introduction Nikkei 225 futures continue consolidating after an impressive rally throughout the second quarter. Since our previous analysis, the market has remained inside its rising trend channel, although momentum has slowed as buyers struggle to push price to fresh highs. The market did break out of the uptrend channel, and NKD is up 150% since Read More…
Introduction Euro FX futures continue to weaken following our previous analysis, with sellers finally breaking through the support zone that had been holding throughout March, April, and much of June. It was important for the bulls to hold that support zone because now 6E is firmly in bearish territory, and any rallies could be looked Read More…
Introduction Most traders believe the key to success in financial markets is finding the perfect strategy. They spend months testing indicators, switching systems, watching YouTube videos, and searching for the ‘holy grail’ that finally changes everything. At first, this feels like progress because learning new concepts creates the impression that success is getting closer. But Read More…
Introduction Crude oil futures continue to weaken following our previous analysis, with sellers pushing below the important support level at $74. This was a very important zone to stay above for the bullish case to remain intact, as the market is now starting to turn bearish rather than consolidating within a longer-term uptrend. The market Read More…
Introduction Russell 2000 futures continue to quietly outperform after the sharp recovery from the April lows. While the S&P 500 and Nasdaq have received most of the attention, small caps have steadily climbed higher, pushing into fresh yearly highs. The price remains firmly bullish, though it might not be as strong as the rally we Read More…
Introduction Silver futures have moved exactly where the risks were pointing in our June 4 analysis. At the time, we noted that buyers needed to defend the 250,000 ($25/oz) support area to maintain the longer-term bullish structure. Instead, silver continued drifting lower throughout June and has now broken beneath both the 250,000 level and the Read More…
Introduction Gold futures continue to follow the bearish roadmap we have outlined throughout June. In our June 10 and June 17 analyses, we looked at how the breakdown below the 4,400–4,450 support zone shifted control firmly toward sellers and exposed the March swing low near 4,165. While buyers initially managed to hold this support, the Read More…
