$SPX 3644 once again was defended--Like we said on Sunday this was likely to be a choppy start of the week--The structure of the bounce in a few key stocks, however, makes me think still more downside --Invalidation at 3770...
BTCUSD: Double Bottom Pattern Above $18566 Bitcoin was unable to sustain its bearish momentum and after touching a low of 18279 on 21st Sep, the price has continued to escalate upwards and crossed the $20000 handle today in the European trading session...
As we noted in our Fundamental Analysis today, “the dollar's uptrend continues, pushing the DXY to new highs on its way to over 20-year highs near 120.00, 121.00. Breakdown of yesterday's local maximum at 114.41 will be a confirming signal of our assumption”...
GBP/USD started a major decline and traded below 1.1000. GBP/JPY is also diving and there was a clear move below the 155.00 support. Important Takeaways for GBP/USD and GBP/JPY · The British Pound started a major decline below the 1.1000 support against the US Dollar...
As we noted in our Fundamental Analysis today, “strong bearish momentum continues to weigh on the pair.” During today's Asian trading session, it reached a new local and record low for the last more than 37 years, dropping to 1.0353. It's too early to talk about purchases...
Which TheStrat Indicator should I start with? Now, that's a great question but one which could have many answers. It all really depends on your journey with TheStrat and where you are now. If you have little idea about what TheStrat is, I would first encourage you to do some research...
EUR/USD: In Search of a New Bottom ● Last week, all the attention of the markets was focused on the FOMC meeting of the US Federal Reserve, which took place on September 21. The probability of another rate hike by 75 basis points (bp) had been estimated at 74%, and by 100 bps at 26...
AUD/USD is facing a strong resistance near the 0.6660 zone. NZD/USD is also struggling to clear the 0.5900 resistance zone. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.6700 zone against the US Dollar...
As we noted in today's " Fundamental Analysis ", "given the strong upward momentum, it is logical to assume further growth." USD/CAD is in the bull market zone, above the key support level 1.2860. As of this writing, the pair is trading near 1.3545 (slightly below today's and 26-month high 1...
EUR/USD is struggling to stay above the 0.9950 support zone. USD/CHF is rising and might climb higher towards the 0.9750 resistance zone. Important Takeaways for EUR/USD and USD/CHF · The Euro is struggling to recover and trading below the parity level against the US Dollar...
Major US stock indexes after a sharp decline at the beginning of today's European trading session returned to the levels of yesterday's closing trading day...
As we noted in today's " Fundamental Analysis ", "given the strong upward momentum, it is logical to assume further growth." USD/CAD is in the bull market zone, above the key support levels 1.2865, 1.2835. The breakdown of the local resistance level 1...
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GBP/USD is trading in a bearish zone below the 1.1480 and 1.1440 support levels. USD/CAD is surging and could continue to rise above the 1.3300 resistance zone. Important Takeaways for GBP/USD and USD/CAD · The British Pound started a major decline below the 1.1550 support zone...
EUR/USD: Ahead of the US Federal Reserve FOMC Meeting ● The World Bank said last week that risks of a recession in 2023 are growing amid simultaneous tightening of monetary policy by the world's leading Central banks and the energy crisis in Europe...
Gold price started a fresh decline below the $1,685 support zone. Crude oil price is also struggling and remains at a risk of more losses. Important Takeaways for Gold and Oil · Gold price started a fresh decline after it failed to stay above $1,700 against the US Dollar...
As we noted in our Fundamental Analysis today, the AUD/USD is trading near 0.6740 as of this writing, moving inside a descending channel on the weekly chart and staying below key resistance levels 0.7250, 0.7075. A breakdown of the local support at 0.6700, 0...
EUR/USD started another decline from the 1.0200 resistance. USD/JPY is rising and might soon clear the key 145.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY · The Euro started a fresh decline and even traded below the 1.0020 support...
At the time of publication of this article, the NZD/USD pair is trading near the 0.5990 mark. Breakdown of today's local low of 0.5976 will be a signal to open new short positions...
