Technical Analysis

U.S. equity indices are up more than 3% YTD ahead of the Trump tariffs- resistance in view. Battle lines drawn on the SPX500, NDX and DJI weekly technical chart.

Australian Dollar is resting at key support as the bears attempt a sixth weekly decline- NFPs on tap. Battle lines drawn on the AUD/USD weekly technical chart.

EURUSD, Nasdaq Analysis: The EURUSD pair hesitates below the 1.05 mark as the Federal Reserve holds rates with confidence, while the Nasdaq maintains its bullish rebound despite mixed earnings reports.

USD/CHF rebound off uptrend support this week and keeps the focus on a breakout of the Monthly range- Fed on tap. Battle lines drawn on the short-term technical charts.

USDJPY, Gold Forecast: The USDJPY pair braces for heightened volatility between Wednesday’s FOMC meeting and Friday’s Tokyo CPI release, while gold maintains its haven drive near record highs amid persistent inflation and trade war risks.

Oil prices plunged more than 10% off the monthly high with WTI now testing critical support at the 2025 yearly open. A multi-timeframe view of the oil technical charts.

British Pound nearly erased the monthly declines with GBP/USD carving a weekly opening-range ahead of the Fed. Battle lines drawn on the short-term technical charts.

Euro rebounded off multi-month trend support with a breakout of the January range threatening a larger recovery. Battle lines drawn on the EUR/USD weekly technical chart.

EURUSD, Gold Forecast: EURUSD sustains its rebound above parity, while gold tests the $2730 resistance. Trump's return to the markets challenges the sustainability of the bullish rebounds.

GBPUSD, Dow Jones Forecast: The pound has managed to hold above the 1.20 barrier, while the Dow continues its rebound from the 42,000 level. This week’s volatility risks center around Trump’s return, UK employment data, PMI reports, and Netflix earnings.

Crude Oil Week Ahead: Oil prices retreated from the $80 resistance level, lifting hopes for bears as Trump’s return to office and ceasefire agreements take center stage. China’s strong economic performance and non-OPEC oversupply risks remain critical to determining the sustainability of the 2025 uptrend.

US Dollar plunged through support this week with a break of the monthly range threatening further losses. Battle lines drawn on the USD/JPY short-term technical charts.

USDJPY, Nasdaq Analysis: Both Nasdaq and USDJPY are clinging to the supporting trendlines of their primary uptrends, raising questions about the continuation of strong bullish trends or the possibility of steep bearish corrections. What's next with the upcoming earnings and BOJ meeting?

USD/CAD is poised for a breakout with the January opening-range intact ahead of President Trump’s inauguration. Battle lines drawn on the USD/CAD weekly technical chart.

USD/JPY turned from trend resistance after a five-week hold. Support now in view heading into Trump’s inauguration. Battle lines drawn on the weekly technical chart.

Gold, Silver Forecast: Following the triangle formation in gold prices between December 2024 and January 2025, gold has taken a bullish turn, breaking above the $2,700 mark and eyeing its all-time high once again.

Crude Oil Forecast: Improving Chinese economic metrics, geopolitical developments, and declining inventories have pushed crude oil prices back toward the $80 mark. However, oversupply risks remain a key concern for 2025, raising questions about the sustainability of the current uptrend.