Microsoft, one of the Big Four in the US tech industry, is scheduled to report its earnings data for the fourth fiscal quarter later today. The release of the earnings numbers and the subsequent press conference is expected to take place after today's market close. Interestingly, the Earnings Per Share forecasts were downwardly revised over the last few days. The initial market expectations projected an [...]
The EURJPY pair has been advancing for over a month now on the continuously evolving fundamental factors. The most recent hike was initiated in late-June when Germany and France - the largest and second-largest economies in the Eurozone respectively - delivered better-than-expected industrial numbers for June. Notable gains in the services and manufacturing sectors of the two countries' industries were [...]
The GBPCAD's price action is currently undergoing through a transitionary stage – the existing range-trading environment is about to become trending. This process is not going to be finished overnight; however, being aware of the long-term trends would allow traders to exploit all present and future trading opportunities. As it is about to be seen below, the GBPCAD is currently in the early stages of [...]
The EURUSD has been advancing in a solid bullish trend since the 18th of May. The bullish run itself was at least partially inspired by the flaunts of a potential vaccine against COVID-19 that were made at that time. In addition to the sweeping enthusiasm that eased the general outlook on the global capital markets in the second quarter, other fundamental factors contributed to EURUSD's hike. [...]
European stocks continue with their steady advance as many countries within the Eurozone ease their containment restrictions. The rally is further supported by the underlying trends in the global stock market. US tech stocks are continuously rising as investors bet on the robustness of the ongoing economic recovery. A positive spillover effect is being felt in the Eurozone, and major European stocks are [...]
The EURGBP seesawed during the most turbulent times of the coronavirus crash in March, but the pair's price action has stabilised since then. Recently, it established a new peak in the underlying bullish trend's progression, which could be the final step of its development. A bearish trend reversal has been anticipated ever since we examined the EURGBP in our previous analysis, and at present, this assertion [...]
The precious commodity climbed more than $6 per ounce since the height of the market rout in late-March, which was triggered by the coronavirus crisis. The surge in demand for silver was impacted positively by gold's bullish run that was unfolding at the same time. Both developments can be attributed to investors' heightened demand for safe-haven assets, which typically encompass low-risk securities [...]
The AUDNZD did not manage to break out above the Distribution range that was outlined in our last analysis of the pair's price action. As it was argued back then, the AUDNZD appears to be in the early stages of developing a new bearish trend, and this assertion is now further supported. The underlying price action is increasingly exhibiting behavioural traits that are typically associated with prevailingly [...]
Over the past few weeks, the USD has lost nearly 800 pips against the JPY, driven by Japan's shift away from decades of negative interest rates. With the Bank of Japan raising rates for the second time in a row, investors are adjusting their positions to [...]
Despite its volatility, Silver remains in an uptrend. While not as dynamic as Gold, XAG often mirrors XAU’s movements. A Multiple Top has formed around $32.50, and history shows that the more a level is tested, the weaker it becomes, increasing the likelihood of a [...]
A combination of factors, including Trump-era tariffs, the emergence of DeepSeek, and a slowdown in GDP growth, has contributed to the recent pullback in the US30 from its record highs. From a technical standpoint, a Double Top pattern has formed around the [...]
Over the past month, Silver has experienced an impressive 13% surge, marking a strong bullish trend. Despite notable volatility and multiple pullbacks, the overall momentum remains firmly to the upside. This strength is further validated by the Golden Cross, a historically reliable [...]
The Swiss Stock Market has been on a remarkable rally, surging over 15% between December and January. At times, the price action resembled a near-vertical ascent. However, following the announcement of Trump’s tariffs over the weekend, Monday’s trading session opened with a [...]
Between October and January, GBPUSD experienced a significant decline, dropping by approximately 1300 pips. However, we now observe signs of a potential trend reversal. Over the past few weeks, the pair has rebounded by more than 400 pips, shifting momentum toward a [...]
For the past 1 month, the UK100 saw a fantastic 600 point rally! The occasional corrections only attracted more buyers, which is healthy for the current up trend and the RSI currently exhibits elevated demand. A 130 point correction started last week on Friday, dipped below the [...]
Over the past two weeks, Japan’s leading stock index surged 2,000 points, reflecting strong bullish momentum. However, this week saw a sharp sell-off, erasing nearly all gains since mid-January. Despite this drop, the decline stalled at the 61.8% Fibonacci retracement, a key [...]
There is a clear shift in the momentum in the Oil market, with the commodity dropping with nearly 10% for the past 2 weeks. The Death Cross, a classic sell signal, is indicating that sellers are indeed in control and we are lookin now at a strong [...]
The 350 pip rally for the past 2 weeks seems like a trend reversal for EURUSD, with buyers back in control. The strong bullish momentum is also confirmed by the Golden Cross, a historic buy signal. Corrections are healthy for the trend and we currently looking at [...]
For the past 2 weeks GBPUSD went up with 400 pips and this is why we believe we might be looking at a trend reversal. The strong bullish momentum is confirmed by the Golden Cross, a classic buy signal, which supports the hypothesis that [...]
The Death Cross formation in USDJPY signals a robust downward momentum, with the USD depreciating by 300 pips over recent weeks. Further declines exceeding 300 pips are anticipated, potentially reaching the 152.00 level. Despite several corrective pullbacks, the price has been unable to surpass the [...]
Following the formation of a Double Top pattern at the 21,930 level last Friday, the NASDAQ has experienced a significant decline, plummeting by nearly 800 points. This downturn has been primarily driven by unfavorable manufacturing data emerging from China, alongside the Bank of Japan's interest rate hike on Friday. The market reaction closely resembles the [...]
GOLD's uptrend has regained strength, with several factors supporting further gains. The RSI bounced from oversold levels and now stands at 65, signaling growing demand and increasing buying volume. Additionally, the appearance of a [...]
For the past few months, USDJPY gained 2100 pips! Then, about 10 days ago the USD started dropping and so far corrected with 300 pips, dropping down to 155.00. A local Double Bottom got formed and this level also aligns with the important [...]
For the past week, the US100 has surged by over 1,000 points, signaling strong bullish momentum. The RSI stands at 69, indicating high demand and buyer dominance. A bullish Golden Cross pattern has emerged, confirming the upward trend. Despite a brief correction yesterday, with the index dipping to [...]
The Descending Triangle on the 4-hour chart, typically a bearish signal, failed to materialize this time. Instead, the Triple Bottom support at 92,000 held strong, driving significant buying volume. A Golden Cross—a classic bullish indicator—confirms strong [...]
After a 300-point correction from its December highs, the SP500 appears to be rebounding as bulls regain control. This recovery is supported by positive economic data, including strong NFP numbers, low unemployment, and CPI readings meeting expectations—all favorable for stocks. Additionally, the earnings season began yesterday with [...]
For several months, the EUR has been trending downward, losing hundreds of pips. While occasional corrections to the upside occur, bears remain in control. The strong downward momentum is highlighted by the Death Cross pattern, a classic sell signal. Yesterday, we observed another [...]
The Dollar remains strong, with buyers firmly in control since the Fed's December comments hinting at fewer 2025 rate cuts. This drove a 400-pip rally in USDCAD, now facing resistance near 1.4450 as early buyers take profit. Corrections are part of healthy trends, and the pair is testing support at [...]