Technical Analysis

The AUDUSD moved higher yesterday as the USD weakened, bringing the pair within 5 pips of the 38.2% retracement level from the September 2024 high. Just above that, the falling 100-day moving average (MA) also acted as resistance. Sellers leaned into these levels, leading to a technical rotation lower. As the session progressed, US equity

Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would

As the trading day nears its close, USDCHF is testing the lower boundary of its multi-week trading range, which has been in place since mid-December. On the 4-hour chart, the pair formed a double top at the January high two weeks ago before reversing lower. Last week, the price found buyers at range support (0.8965

Fundamental Overview The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would

The price of Palantir is trading down $-15 or -12% at $109.48 after Pres. Trump ordered the Pentagon to cut budget by 8%. The price of Palantir reached a new all-time high of $125.41 in trading today before rotating to the downside. You can argue that the software that Palantir provides might be what the

USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone. Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective

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The Reserve Bank of Australia (RBA) is set to cut interest rates for the first time in four years when it announces its decision later today at 10:30 PM ET. The benchmark rate has remained at 4.35% for 10 consecutive meetings, and with inflation easing, the RBA is now positioned to begin a rate-cutting cycle.

Trade Compass – NASDAQ Futures (February 17, 2025, and perhaps for this week, depending on how NQ price develops… Check out these key price levels on the map) NASDAQ Futures is currently trading at 22,230, sitting just slightly below today’s VWAP, which is around 22,233. At this moment, the market is neutral, and Trade Compass

Nasdaq Futures Update: The All-Time High is a Price Magnet Nasdaq futures are approaching a critical price level—the all-time high (ATH) of 22,425.75—a key point that many traders, algorithms, and institutions are closely watching. This level holds significant liquidity, with stop orders, take-profit targets, and pending market orders accumulating there. Historically, when price gets this

Retail sales missed expectations across the board, signaling a weak start to the year. Headline retail sales fell -0.9% (vs. -0.1% expected), while the control group declined -0.8% (vs. +0.3% expected). Although there were minor upward revisions to the prior month, the overall data was disappointing. Factors such as California wildfires, adverse weather, tariffs, and

The US dollar is continuing its run to the downside. Th slide in yields continue to support the dollar selling. The 10 year yield is now down -5.1 basis points at 4.474%. The USD is the weakest vs the NZD with the greenback falling -0.86%. The dollar is moving down -0.74% vs the AUD as

USDCAD technicals The USDCAD broke lower this week after two failed upside breakouts in the previous weeks, which briefly pushed the pair beyond the “Red Box” range between 1.4260 and 1.4466 on tariff-related news. Unlike those sharp but unsustained rallies, this week’s move lower has been more measured, with a steady decline following the break

USDCHF technicals The USDCHF is experiencing a sharp decline for the second consecutive day. Despite Swiss CPI inflation coming in lower than expected at -0.1% MoM and 0.4% YoY, while US CPI and PPI showed stronger inflation, the pair has moved lower instead of higher—suggesting that other factors, such as geopolitical risks, political developments, and

The NASDAQ index has moved back above the 20,000 level reaching a high of 20,006.26. The last time the price was above 20,000 was back on February 24. The high price that day reached 20,118.61 before rotating lower and closing below the 20,000 level at 19,954.30. At the same time, the S&P is back above

AUDUSD is pushing the upper limit The AUDUSD is pushing the upper limit – well breaking through as I type . The next target comes in at 0.6331. Admittedly, the price has been in a volatile up and down range over the last 7 or so days. The low of the range comes in at

USDJPY has extended lower, reaching a key moving average (MA) cluster highlighted in earlier posts. This support zone, spanning 152.71 to 153.03, includes the 100-hour, 200-hour, 100-day, and 200-day MAs. The pair just touched a low of 152.917 within this range before bouncing slightly. If this support holds and USDJPY reclaims the 153.26–153.46 swing area

The USDJPY stretched to a swing high of 154.79. Earlier today in a post, I wrote: The next key target lies in the 154.77–154.967 zone, where the 50% midpoint of the 2025 trading range sits at 154.897. This level, situated within the swing area (see red numbered circles), could act as a resistance zone where