Technical Analysis

Crude Oil Week Ahead: Crude oil faces volatility risks ahead of the OPEC meeting, now rescheduled for Wednesday to accommodate all members and avoid a clash with the Gulf Summit. Sideways price movements persist, leaning towards a bearish bias for 2025.

USDJPY Forecast: Friday's rise in Tokyo CPI from 1.8% to 2.2% drove USDJPY below the critical 150 level. A pivotal week of US economic data ahead, including ISM PMIs and Non-Farm Payrolls, is set to heighten volatility risks for the pair.

EURUSD, Nasdaq Forecast: Eurozone inflation data is in focus as EURUSD hovers near two-year lows. Meanwhile, irregular market volatility surrounding Thanksgiving, Christmas, and New Year is poised to dominate headlines, alongside key US economic data and Federal Reserve rate expectations in early December.

USD/JPY broke below a major support pivot this week with the bears now threatening a larger correction. Battle lines drawn on the weekly/daily technical charts.

Bitcoin, Gold Analysis: Ceasefire agreements are transitioning from speculation to reality ahead of the holiday season and Trump’s upcoming term. Gold’s rally has stalled below the $2,700 mark as haven demand wanes, while Bitcoin has retreated slightly below the psychological $100,000 level.

While parity is just a number in theory, it often carries significant psychological and economic weight - see what it might take to drive to EUR/USD to 1.00!

Oil prices reversed from yearly open resistance this week with the bears aiming back towards multi-month range lows. A multi-timeframe view of the oil technical charts.

Gold analysis: After the big sell-off on Monday, I will try to examine what this means for gold in terms of direction in the near-term outlook, purely from a technical point of view.

Euro is poised to mark a third weekly decline with the push towards parity now testing downtrend support. Battle lines drawn on the EUR/USD weekly technical chart.

EURUSD and Nasdaq Outlook: As the DXY edges closer to breaking 2023 highs, bearish risks loom large for EURUSD. Meanwhile, NVDIA earnings are boosting long-term bullish potential for the Nasdaq following the Trump rally.

Australian Dollar snapped back to a key pivot zone and the rebound remains vulnerable into the monthly close. Battle lines drawn on the AUD/USD weekly technical chart.

Traders are now pricing in 50/50 odds for both a BOJ rate hike and a Fed rate cut in December, setting USD/JPY up for volatility around key economic reports.

Gold prices surged more than 4.3% this week with a four-day rally now threatening the October downtrend. Battle lines drawn on the XAU/USD technical charts.

USD/CHF is poised to snap a five-week advance with the Trump rally exhausting into major resistance. Battle lines drawn on the USD/CHF weekly technical chart.

US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.

EURUSD, Gold Analysis: In the FX markets, the dollar's pullback from the 107 mark continues to support positive rebounds across currencies. Meanwhile, in the precious metals market, geopolitical tensions and the dollar's cooling momentum have enabled gold to recover from steep post-election drops.

The Trump rally failed at technical resistance last week with a two-day plunge testing the first line of defense. Battle lines drawn on the USD/CAD short-term charts.