Euro FX Futures (6E1!) continue to follow a steady uptrend, now trading at 1.1587 and holding firmly above a rising trendline that has acted as reliable dynamic support since early March. The price remains comfortably above both the 50-day MA (1.1376) and 200-day MA (1.0871). The Dollar continues its decline as the political scene in Read More…
Technical Analysis: The S&P 500 E-mini futures remain in a tightening range, just beneath their all-time high of 6,166.50. After a strong May rally, price action in June has flattened out into a classic consolidation pattern. Despite brief pushes above the 6,000 mark, the index has failed to follow through with a sustained breakout. Momentum Read More…
Key Technical Developments Since Last Analysis: Technical Analysis Chart Structure: The triangle pattern has now confirmed a clean breakout, validated by a bullish expansion in range and follow-through. However, the past 2–3 daily candles are showing small-bodied indecision, implying consolidation just below the key $3,509 resistance level. Moving Averages: Resistance & Target Levels: Momentum Outlook: Read More…
Technical Breakdown Resistance Zone (22,264 – 22,425): MACD: Moving Averages: Outlook & Trade Setup: Term Bias Notes Short-Term (1–2 weeks) Cautious Bullish Price nearing ATH, but momentum is fading. Risk of rejection. Medium-Term (June–July) Bullish Breakout above ATH could trigger a run to 23,151 (R2) or 24,444 (R3). Long-Term Structural Uptrend Macro trend remains bullish Read More…
Current Price: $73.51Change: +0.73%Move from June low: ~$60.09 → ~+22% rally Key Technicals: Crude has triggered a high-momentum breakout from a zone where CL was consolidating for a long time. This wasn’t a grind higher, though; this was a news-driven surge with a technical structure now favoring trend continuation, but with risk of overextension. Middle Read More…
Price Action & Momentum Technically, DXY is in a confirmed bear trend. A sustained close below 97.93 would expose the 96.75 level next (S2). Reclaiming 100 would be necessary for bulls to regain control. Macroeconomic Pressures on the U.S. Dollar Rate Cut Expectations Soften Yield Appeal Twin Deficits – Fiscal and Current Account Political Uncertainty Read More…
