Technical Analysis

Post-Earnings Setup for MCD McDonald’s (NYSE: MCD) reported earnings on February 10th before the market opened, and the options market had priced in a 3.7% expected move. However, the actual reaction was stronger, with the stock jumping approximately 4.8%. So far, MCD is holding onto its gains, signaling strength and making it an attractive buy

The USDCAD is trading to a new session low despite the threat of 25% tariffs on all steel and aluminum imports. Last week, Pres. Trump announced that they would impose a tariff of 25% on Mexico and Canada, but then gave a 30 day reprieve if they shored up the border. Each country pledged manpower

Trade Compass for Nasdaq Futures – February 10, 2025 Current Price: 21,690Bias: Short (Fade the Move)Short Activation Level: 21,708Bullish Activation Level: 21,780 Trade Plan Overview for Nasdaq Futures Today The Trade Compass today is, as usual, bullish above a key level and bearish below another. BUT… there is a condition for the bearish scenation whereby

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.

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

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

owe AUD/USD has experienced volatile price swings today, with the upside move testing a key swing area between 0.6287 and 0.6301—a zone where price highs have repeatedly stalled on Wednesday, Thursday, and Friday. A sustained break above this level is needed to strengthen the bullish bias. Conversely, if the pair remains below, focus shifts to

The NZD/USD fell sharply on Monday, reaching its lowest level since October 2022, following tariff news. However, the pair rebounded after tariffs on Mexico and Canada were delayed by 30 days. The price spiked higher, retraced into a key swing area between 0.5581 and 0.5592, then bounced to extend even higher. On Wednesday, the pair

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

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

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.

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

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

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

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