Introduction The Euro (EUR/USD) has shown signs of stabilization after months of weakness driven by a surging U.S. dollar. A strong dollar, fueled by hawkish Federal Reserve policy and resilient U.S. economic data, has kept the euro under pressure. However, recent price action suggests that the euro may have found a bottom, with bullish momentum Read More…
Introduction The S&P 500 E-mini futures (ES) remain in a well-defined upward channel, with prices consolidating just below the all-time high (ATH) of 6,154.75. Bulls have defended the lower channel support, and momentum remains strong as ES hovers near the high. As of today, ES is trading at 6,082.00, down -0.17%, but still above the Read More…
Introduction Crude oil futures have rebounded after testing support, but the long-term downtrend resistance remains intact. As of today, NYMEX WTI crude oil (CL) is trading at $73.00, up 0.94%, as buyers attempt to push prices higher after a recent rejection near $75.30. However, the descending trendline that has capped rallies since mid-2023 remains a Read More…
Introduction Gold futures have extended their upward momentum following last week’s gap-up breakout. The metal’s price action has confirmed a symmetrical triangle breakout, with prices surging past the ATH. Technical outlook Gap-Up & triangle breakout confirm strength Gold’s breakout from the symmetrical triangle pattern last week triggered a strong continuation rally. The initial breakout was Read More…
Introduction Japanese Yen Futures (6J) are trading at 0.006584, up slightly in recent sessions after bouncing from multi-month lows. The break above the 50-day SMA (0.0064998) and a test of the 200-day SMA (0.0065950) call on bulls to continue the buying pressure to push prices back to 0.00718. However, the broader trend remains bearish as Read More…
Introduction Nasdaq 100 E-mini futures (NQ) are currently trading at 21,464, down 0.95% for the session, as price action consolidates within a symmetrical triangle formation. With the 50-day SMA (21,483.66) acting as short-term support and the 200-day SMA (20,040.68) providing long-term support, Nasdaq futures are coiling within a tightening range. Lets see what the technicals Read More…
