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RSS Gold Futures Analysis for Today
TradeCompass for Gold Futures Analysis Today – January 21, 2025 Current Overview:Gold Futures are currently trading at 2,740, maintaining a tight range. Traders should closely monitor the key breakout levels: 2,745 for bullish opportunities and 2,735 for bearish setups. These levels align with... -
RSS Nasdaq Futures Analysis for Today
TradeCompass for Nasdaq Futures – January 21, 2025 Current Overview:The Nasdaq Futures (NQ) is trading at 21,623, hovering just above yesterday's close. With a small movement so far (+0.14%), the market lacks directional bias at this time. Key Levels to Watch for Nasdaq Futures Today: Bullish... -
RSS Copper Technical Analysis - The focus remains on China and Trump's tariffs
Fundamental Overview Copper has been rallying steadily since the start of the month as the market is looking forward to improving global growth in 2025. As a reminder, the Chinese Politburo announced last year that it will adopt a “moderately loose” strategy for monetary policy for 2025 and... -
RSS Crude Oil Futures (CL) Analysis for Today
TradeCompass for January 20, 2025: Crude Oil Futures (CL) Analysis Crude oil futures (CL) are currently trading at $77.14, with the following thresholds: Bullish Above: $77.54 – Signaling upside momentum if crossed. Bearish Below: $76.97 – Indicating a bearish stage if breached. Why These... -
RSS Crude Oil Technical Analysis – The squeeze paused around the key $80 handle
Fundamental Overview Crude oil has been rallying steadily since the breakout of the range as the improving US manufacturing activity and the tougher US sanctions on Russian crude triggered a 12% squeeze in a heavily shorted market. The focus now switched to Trump as he’s expected to sign... -
RSS Gold Technical Analysis – Eyes on a potential breakout of the range
Fundamental Overview Gold finally reached the key resistance zone around the 2721 level following better than expected US inflation data and a surprisingly dovish Fed’s Waller last week. Following those catalysts, the price kept on going higher as real yields moved lower on a potential top in... -
RSS Japanese Yen Futures Analysis for Today
TradeCompass for January 20, 2025: Japanese Yen Futures (6J) Analysis The Japanese yen futures (6J) are currently trading at 0.0064570, placing the market in bullish territory, as the price has moved above the January 15th Value Area High (0.0064530). This level serves as a critical threshold... -
RSS A technical view of the major currency pairs going into the new trading week
EURUSD: USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD: NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. -
RSS AUDUSD traded to lowest level since 2020, but bounced. Closing near 100/200 hour MAs
In the above video, I take a look at the technical levels in play for the AUDUSD heading into the new trading week. For the week, the low on Monday traded to a new low going back to 2020, but could not sustain the bearish momentum. The subsequent rise saw a double top established at the 0.62457... -
RSS NZDUSD: A lot of chop in the trading this week, but the sellers are still in control
In the video above, I take a look at the technicals driving the NZDUSD as we look toward the new trading week. The sellers are more in control below a cluster of MA with a high at 0.5612. If the price cannot get above those MAs, the sellers are in full control A move above that level, and... -
RSS GBPUSD: Sloppy trading this week in the pair. Will it become more agreeable to technicals
The GBPUSD traded to new lows going back to November 2023 on Monday, but fell short of downside targets on the daily chart at 1.2039 to 1.20686. The low reached just below the 1.2100 level at 1.20989. The price bounced but quite frankly the price action was sloppy and misbehaving to the... -
RSS EURUSD: What are the technicals telling traders after bouncing off 2022 lows this week
The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at 1.0200. That break could not be sustained. The seller had their shot. They missed. The subsequent move higher saw the pair peak near the 38.2% of the move down from the... -
RSS USDJPY sellers this week tested the 38.2% retracement target, stalled and reversed.
The USDJPY last week, moved up to test a key target on the daily chart near 158.88. Sellers leaned and pushed the price off those levels into the close a week ago today. This week, the price of the USDJPY has stepped lower after peaking on Tuesday near the high of a swing area at 158.10. The... -
RSS USDCAD moves higher into resistance and lower into support. The key levels remain in play.
The USDCAD moved higher in the North American session and in doing so, stretched to the high of a "Red Box": that has confined the pair going back to mid-December (see chart below). That level comes in at 1.44666. The high price stalled just short of that level at 1.44635. Conversely, earlier... -
RSS TradeCompass for Japanese Yen
TradeCompass: January 17, 2025Financial Instrument: Japanese Yen FuturesPrice at the Time of Analysis: 0.006457 Bullish Case Bullish Above: 0.00647 Why Bullish Above: This level is above today's VWAP and Point of Control (POC), signaling potential buyer dominance if price sustains above this... -
RSS USDCHF is lower but rebounding to a key technical level. What next? What about next week?
The USDCHF is lower on the week after reaching the highest level going back to May 2024 on Monday. The low for the week was reached on Wednesday after the US CPI data, but that decline was quickly rejected. The rebound after the CPI took the price up to its 100-hour moving average where sellers... -
RSS Bitcoin Bulls are Looking at This and Seeing a New All Time High
Bitcoin CME Futures Analysis: Potential Bull Flag Breakout and Key Scenarios Bitcoin CME futures are currently trading within a descending channel on the daily chart, a pattern often recognized as a potential bull flag. This setup is catching the attention of traders and investors, as it may... -
RSS Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD
The kickstart video above gets the US session going by taking a technical look at the 3 -major currency pairs - the EURUSD, USDJPY and GBPUSD. Technically: The EURUSD found support near its 100 hour MA for the 3rd day in a row. That keeps the buyers in play and control in the short term, but... -
RSS Is Apple stock a buy or sell?
Trade Compass: Apple Stock (January 17, 2025) Apple is currently trading at $230.11 in the pre-market, and we’re watching key levels that could guide today’s price action. Here's a breakdown of the key zones and possible scenarios: Key Levels to Watch Yesterday's VWAP (Resistance): $230.57... -
RSS Russell 2000 Index Futures Analysis for Today
Russell 2000 Index Futures: Trade Compass – January 17, 2025 Current Price: 2290 The TradeCompass simplifies decision-making by mapping out key bullish and bearish thresholds for the Russell 2000 Index Futures. Today’s analysis highlights the index breaking above the value area high of the... -
RSS Nasaq futures analysis today with a trade idea
Nasdaq Futures Market Analysis – January 17, 2025 Current Price: 21,345 (as of this analysis)Trade Compass Orientation: Bullish above 21,387 | Bearish below 21,265 The TradeCompass remains a key resource for mapping the Nasdaq futures market, simplifying navigation for traders by outlining... -
RSS USDCAD Technical Analysis – We remain stuck in the range
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller... -
RSS GBPUSD Technical Analysis – The greenback remains unfazed
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller... -
RSS EURUSD Technical Analysis – How long before the US Dollar gives in?
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller... -
RSS USDJPY Technical Analysis – We broke out of the range
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller... -
RSS Sellers are making a play in the USDCHF. Can they keep the momentum going?
THe USDCHF felll sharply after yesterday's US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving... -
RSS Crude oil settled at $78.68
Crude oil is settling the day at $78.68 on the day. That is down $-1.36 or -1.70%. Looking at the daily chart, the low price held above the 38.2% retracement of the range since the September 2023 high. On the top side the 50% midpoint of that same move comes in at $80.15. In trading yesterday... -
RSS AUDUSD buyers base the pair a swing area today, but the double-top this week looms
The AUDUSD started the day today testing the high from yesterday at 0.6257 and finding willing selllers. The double-top increases the levels importance today and going forward. If the buyers are to take more control, getting and staying above that level is required. Meanwhile, seller may... -
RSS USDCAD continues its ups and downs. Today is an up day
The USDCAD moved lower again yesterday but when the price tested a swing area between 1.42969 and 1.4304, sellers turned the buyers once again and the price bounced higher (see renumbered circles and low of red box on the chart below). In trading today, the price has continued its move to the... -
RSS TradeCompass for Nasdaq Futures, Jan 16 2025, 1 minute before the open
TradeCompass for Nasdaq Futures (NQ, March 2025 Contract) – January 16, 2025 Current Context: Current Price: 21,4492 (1 minute before the market opens). Activation Level: 21,640 This TradeCompass becomes active only if NQ reaches 21,640. Below this level, no directional bias is established... -
RSS Kickstart the FX trading day for Jan 16 w/ a technical look at EURUSD, USDJPY & GBPUSD
The retail sales control group (feeds into GDP) and Philly Fed Manufacturing index were stronger than expected and that helped to push the EURUSD and the GBPUSD lower (higher USD) but only modestly.The US initial jobless claims saw rebounded higher but remains close to the lower end of the... -
RSS My 2nd attempt this week on shorting gold
Short Trade Idea for Micro Gold Futures (MGC) – January 16, 2025 Trade Setup: This short trade idea on Micro Gold Futures (MGC), curently trading at apx $2740 anticipates a reversal in the range of $2,748-$2,760, a key psychological resistance area, with a total of 30 contracts distributed... -
RSS Bitcoin Futures Analysis for Today
TradeCompass for Bitcoin Futures Analysis (BTC1!) – January 16, 2025 Current Context: Current Price: $99,860 Bearish Threshold: $100,415 Bitcoin is trading below this level, confirming a bearish bias. Bullish Threshold: $100,910 If the price rises above this level, the bias will turn... -
RSS AUD Futures Analysis for Today
TradeCompass for AUD Futures Analysis (6A, March 2025 Contract) – January 17, 2025 Current Context: Current Price: 0.6213 Bullish Threshold: 0.62370 This level is just above today's highest VWAP point and slightly above the 1st upper standard deviation of yesterday's VWAP. Bearish... -
RSS Nasdaq Technical Analysis – Easing inflation fears boost the market
Fundamental Overview The Nasdaq has been rallying steadily this week thanks to positive news both on the tariffs and inflation front. On Monday, we got a news from Bloomberg that the Trump’s team was studying gradual tariffs hikes. On Tuesday, we got a very soft US PPI report and yesterday... -
RSS S&P 500 Technical Analysis – Benign inflation data sends the market higher
Fundamental Overview The S&P 500 has been rallying steadily this week thanks to positive news both on the tariffs and inflation front. On Monday, we got a news from Bloomberg that the Trump’s team was studying gradual tariffs hikes. On Tuesday, we got a very soft US PPI report and yesterday... -
RSS Canadian Dollar Futures Analysis for Today
TradeCompass: Canadian Dollar Futures (6C, March 2025 Contract) – 16 January 2025 Financial Instrument: Canadian Dollar Futures (6C, March 2025) Price at the Time of Analysis: 0.69740 Key Levels and Trade Scenarios for Canadian Dollar Futures Today Bullish Above: 0.69935 Why Bullish... -
RSS Russell 2000 Technical Analysis – Top in inflation hysteria?
Fundamental Overview The Russell 2000 has been rallying steadily this week thanks to positive news both on the tariffs and inflation front. On Monday, we got a news from Bloomberg that the Trump’s team was studying gradual tariffs hikes. On Tuesday, we got a very soft US PPI report and... -
RSS NZDUSD Technical Analysis – Strange USD reaction to the US CPI report
Fundamental Overview The USD weakened across the board yesterday following the softer than expected US Core CPI data as Treasury yields fell aggressively in what could be the peak in inflation hysteria and repricing in rate cuts expectations. Strangely enough, the US Dollar eventually erased... -
RSS Gold Technical Analysis – The market likes the benign inflation data
Fundamental Overview Gold is slowly edging towards the key 2721 resistance as the softer than expected US inflation data this week gave the necessary support to push into new highs. Following the slightly lower than expected US Core CPI yesterday, we saw a big fall in real yields which should... -
RSS Russell 2000 Index Futures Analysis for Today
TradeCompass: Russell 2000 Index Futures Analysis – 16 January 2025 Financial Instrument: Russell 2000 Index Futures (RUT Futures) Price at the Time of Analysis: 2279.3 Key Levels and Trade Scenarios for Russell 2000 Futures Today Bullish Above: 2291.3 Why Bullish Above:If Russell 2000... -
RSS Euro Futures Analysis for Today
TradeCompass: Euro FX Futures Analysis – 15 January 2025 Financial Instrument: Euro FX Futures (EUR/USD Futures) Price at the Time of Analysis: 1.0318 Key Levels and Trade Scenarios for Euro FX Futures Today Bullish Above: 1.03455 Why Bullish Above:If Euro FX Futures rise above 1.03455... -
RSS Crude oil extends to its highest level since July 19. Price is testing a key swing area
The price of WTI crude oil is up $3.05 at $80.55. The high price today reached $80.73. The low was at $77.26 settle price was at $80.04. Buying has continued after the settlement. Looking at the 4-hour chart, the price highs has entered into a swing area between $80.17 and $80.57. The price is... -
RSS USDCHF Technicals: Seller had their shot. They missed. The price is in between the MAs
The USDCHF broke lower after the US CPI data. Although yields moved lower in the US and remain down, they also moved lower in Europe. The dynamic saw the technicals switch from being more dollar bearish to more dollars bullish. Looking at the USDCHF, the price fell below its 200-hour moving... -
RSS EURUSD sellers take back control and erase all the gains
Although yields remain near their lows for the day, the EUR/USD has erased all its earlier gains, with the pair recently reaching a low of 1.02867—just above the intraday low of 1.02858. The pair had spiked higher following the CPI data, targeting the swing area between 1.0332 and 1.0343, as... -
RSS USDCAD makes a break lower today, but snapback rebound threatens the bearish tilt
The USDCAD has been trading mostly between 1.4334 and 1.4466. Yes there were two breaks lower last week which failed, but most of the price action has been within that area. In trading today another break to the downside occurred after the CPI data. That sent the price down to allow near... -
RSS USD moves lower after US CPI data
The US CPI data was more or less as expected, but the market is taking a more dovish view (I don't really see greatness in the data, but the market is cheering). Earnings from financialalso came in better which is helping the stock market. Yields are down sharply which is also a big driver. The... -
RSS Kickstart the FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD
Yesterday was the US PPI. It came in weaker than expectations but showed numbers still higher than the Fed's target for inflation at 2%. The US CPI is next (will be released at 8:30 AM ET). Below are the estimates. CPI MoM is expected to show a 0.3% gain vs 0.3% last month. CPI YoY is expected... -
RSS AUDUSD Technical Analysis – The pair avoids a breakdown below the 2020 lows
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some... -
RSS GBPUSD Technical Analysis – Consolidation ahead of the US CPI
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some...