Technical Analysis

EURUSD: In the first minute of trading after the US jobs report, the EURUSD traded a range of 1.0362 up to 1.0411. Since then, the price moved to a low of 1.0348, and then bounced to a corrective high at 1.0376 and volatile trading. Of significance technically in that corrective move higher is that 200-hour

The U.S. jobs report will be released at 8:30 AM ET, with EUR/USD and GBP/USD trading between their 100- and 200-hour moving averages and near 50% retracement levels—technically a neutral stance. Markets await the report as a catalyst. A stronger-than-expected print (above 170K jobs, 4.1% unemployment) could trigger downside moves, while a weaker outcome may

Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.

Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.

Fundamental Overview The USD continues to be under pressure as the positive tariffs talks on Monday eased the trade war fears and weighed on the greenback. In fact, trade war fears have been the only thing keeping the bid under the USD as interest rate expectations and economic data took the second place in importance.

Technical analysis is filled with numbers, patterns, and sequences that traders rely on for identifying trends, reversals, and breakouts. But among these, one number stands out repeatedly: 20. From moving averages to Donchian Channels, Bollinger Bands, and even the way market participants perceive support and resistance, the number 20 plays a crucial role in price

Strong trends are Fast Directional, and Tend to go farther than what traders expect. Shares of Meta are exhibiting a strong upward trend, currently working on their 14th consecutive day of gains, marking a record for the stock. While this remarkable streak might suggest overbought conditions, recent trading action indicates a breakout above the upper

Fundamental Overview This week has been all about tariffs. On Monday we opened with a big gap lower as Trump followed through with his tariffs threats and imposed them on Canada, Mexico and China over the weekend. As it’s been the case for previous tariffs actions though, the market started to cautiously fade the reaction

Costco technicals Costco shares are trading at a new record high of $1,041.57, with the next target being a topside channel trendline near $1,047. A break above this level could turn the trendline into support, opening the door for further upside potential. Looking back, on January 14, the price bounced off a key trendline, signaling

The AUD/USD is pushing to new highs, with the price now entering a key swing area target between 0.6287 and 0.63016 (see renumbered circles on the chart below). A sustained move above this range could pave the way for a rally toward the January high of 0.63310. On the downside, immediate support is seen at

Gold Futures Surge to Record Highs, Set Eyes on 2900 Gold futures (GC1) have decisively broken past key resistance levels, setting a new all-time high (ATH) and confirming strong bullish momentum. This breakout signifies robust buying pressure and suggests a sustained uptrend. Key Technical Insights for Gold Resistance Breakout: A long-standing resistance trendline has been

Early in the U.S. session, the price hovered around the 100- and 200-hour MAs, reflecting a choppy market awaiting direction. That push finally came from buyers, driven by easing tariff concerns, lower yields, and weaker U.S. data (JOLTS showed a decline in job openings). The rally took the price up to test the Asian session

The EURUSD is extending to new highs in the U.S. session as European traders wrap up for the day. The pair has pushed above key resistance levels, including the swing area between 1.03329 and 1.0343, the 100-hour moving average at 1.03539, and the 50% retracement of the decline from the January 27 high at 1.0371.

Fundamental Overview Gold yesterday extended the rally into a new all-time high as Trump’s tariffs on Canada, Mexico and China led to a notable fall in real yields. In fact, inflation expectations (as measured by the breakeven rates) rose, while nominal Treasury yields fell. The thinking here is that a trade war would lead to

The AUDUSD fell sharply on the tariff news and in the process, the price fell below a swing area between 0.61621 and 0.6178 the momentum continued until reaching the lowest level going back to April 2020. However, the sellers turned buyers and after breaking back above the low price from January at 0.61306, there was

The NZDUSD has broken above the 100 and 200 hour MAs now after the recent Trump headlines on tariffs. That came AFTER I finished this video. Nevertheless, the key technicals remain in play for today with a more bullish bias. Buyers are now more in control above the 200-hour MA at 0.5665 (now support). The

The USDCHF experienced a sharp decline on Monday, driven by a stock market tumble led by Nvidia and broad USD selling. The pair on Monday, found support at 0.8965, the 50% retracement level of the December 2024 rally, and rebounded sharply off of that key support hold. Midweek trading was volatile, with the price fluctuating

he AUDUSD has declined this week, weighed down by concerns over tariffs and diverging monetary policies. While the US Fed held rates steady, the RBA now has inflation within the 2%-3% target range which opens the door for potential policy easing. Technical Overview: The price remains below the 100-hour MA at 0.62397, keeping sellers in

President Trump yesterday announced plans to impose a 25% tariff on Canadian and Mexican imports starting February 1, though he suggested oil imports might be exempt. This announcement caused significant volatility in USDCAD. The pair surged from around 1.4400 to a high of 1.4594, marking new highs since 2020, before retracing below 1.45158, a key

In the kickstart video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective to start the US trading day. The USD is largely unchanged as the final day of the week begins. THe biggest mover is the USDJPY which rose 0.34% despite better

Fundamental Overview The Nasdaq continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on the tech heavy index. The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation

Fundamental Overview The S&P 500 continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on overvalued AI stocks. The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation

Fundamental Overview After a brief divergence from real yields, gold caught up and extended the rally into a new all-time high helped by a benign FOMC decision. In fact, the Fed kept everything unchanged as expected and although Fed Chair Powell didn’t offer much in terms of forward guidance, he was optimistic on inflation and

The price of WTI crude oil futures are selling at $72.73. That is up $0.11 or 0.15%. Looking at the hourly chart below, the price has been trending below its 100 hour moving average (blue line on the chart below) at $73.45 currently. Staying below that level kept the sellers more in control. The price

The AUD/USD has been choppy and non-trending over the past few days, but the overall control remains with the sellers. The bearish bias stems from the pair breaking below the 200-hour moving average earlier this week and consistently staying below it on both Tuesday and Wednesday (see green line on the chart). Recent Price Action:

The USD/JPY moved lower during the early Asian session, breaking below a critical swing area between 154.77 and 154.967. It also dropped beneath the 38.2% retracement level of the December rally at 154.939, which shifted the bias further to the downside. During the European session, corrective price action encountered sellers near this resistance area. In

The USDCHF has eased slightly ahead of the FOMC rate decision, retreating below key resistance levels: the swing high at 0.9077 and the 200-hour moving average (MA) at 0.9068. Reclaiming these levels would shift the technical bias in favor of buyers. On the downside, the 100-hour MA at 0.9048, which was briefly broken yesterday, now

The USDCAD attempted to break above the critical “red box” resistance area, previously identified as a key zone to clear and sustain. While the pair briefly surpassed the upper limit of 1.4466 ahead of the rate decision, it only reached 1.4464 before reversing downward. Early comments from Tiff Macklem have bolstered CAD strength, contributing to

The USDCAD buyers are making a play in the early NA trading and ahead of the BOC rate decision. That upside momentum has taken the price above the “red box” that I have outlined as a key range to break and stay broken to either increase the bullish or the bearish momentum. The break today

TradeCompass: Nasdaq Price Prediction and Futures Analysis for Today (January 29, 2025) At the time of this Nasdaq futures analysis, NQ is trading at 21,559. Below is the detailed breakdown of today’s bullish and bearish scenarios for Nasdaq futures, aligned with the TradeCompass methodology. Bearish Scenario for Nasdaq Futures Today We turn bearish if the