• BTC/USD Bulls Expected to Maintain Momentum Until Major Resistance

    BTC/USD Bulls Expected to Maintain Momentum Until Major Resistance

    • December 9, 2023

    As of writing, BTC/USD concluded the week higher by circa +10.0% in what was another spirited performance from the bulls, drawing the major cryptocurrency to a high of $45,000, levels not seen since April 2022. This follows the previous week’s +6.7% run and notches up an eighth consecutive week in the green. Weekly Resistance Area

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  • XAU/USD (Gold): All-Time High in Play!

    XAU/USD (Gold): All-Time High in Play!

    • December 9, 2023

    Weekly Timeframe: Bearish Outside Reversal What a week it has been for the precious metal. Spot gold (XAU/USD) kicked off last week refreshing all-time highs at $2,148 only to reclaim positive ground and tunnel into negative territory by the week’s end. Gold shed -3.3% on the week and pencilled in what many technical hands would

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  • S&P 500: Technical Outlook and Review

    S&P 500: Technical Outlook and Review

    • December 9, 2023

    Following November pencilling in its strongest monthly gain since mid-2022, bulls ended the first full week of December in reasonably fine form, up +0.2% and marking its sixth straight weekly gain. Vulnerable Weekly Resistance Recent upside—following the near-test of monthly support from 4,102 in October—landed price action on the monthly timeframe at the 4,607 top

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  • USD/JPY Anticipated to Add to Recovery Gains

    USD/JPY Anticipated to Add to Recovery Gains

    • December 9, 2023

    It was quite the week for the USD/JPY, notching up a fourth consecutive negative week, down -1.2%. This follows November’s bearish showing (-2.3%), which snapped a three-week winning streak. Despite this, it is important to note that the currency pair remains entrenched in a long-term uptrend. Monthly Support in Play Technically, the recent downside move

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  • The Technical Tide May be Shifting for the Dollar

    The Technical Tide May be Shifting for the Dollar

    • December 9, 2023

    The US dollar wrapped up the first full week of December in positive territory. According to the US Dollar Index, the buck added +0.8% and snapped a three-week losing streak. Monthly Structure: No Man’s Land Technical observations on the monthly timeframe are largely unchanged from previous writing (and will likely remain so until we begin

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  • The Pattern Pulse—7 December 2023

    The Pattern Pulse—7 December 2023

    • December 7, 2023

    Your weekly outlook of technical patterns and structure. The Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: USD/JPY Testing Support Confluence Daily Timeframe – The USD/JPY has been absolutely crushed in early trade today, down -1.5% as of writing. The recent downside has led the currency pair to

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  • BTC/USD: Interesting Price Action Seen for the Major Crypto

    BTC/USD: Interesting Price Action Seen for the Major Crypto

    • December 4, 2023

    Things have changed fast since the weekend! Against the US dollar, Bitcoin (or BTC/USD) is poised to end another session on the front foot. You will note that the Research Team pencilled in the following in the week-ahead post (italics): From the daily timeframe, the key technical observation, particularly for chart pattern enthusiasts, is the

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  • Index and Commodities Trading Week Beginning 04/12/2023

    Index and Commodities Trading Week Beginning 04/12/2023

    • December 3, 2023

    XJO WEEKLY Price structure: Weak advance. Closing towards the high of the week suggests some follow-through should occur. The importance of the Index, although heavily weighted in 5-8 stocks is the sentiment reading on the strength of the buyers. The current small range for the Week indicates the market remains in balance. Also, the current

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  • BTC/USD: Ascending Triangle Completed!

    BTC/USD: Ascending Triangle Completed!

    • December 2, 2023

    Against the US dollar, the price of Bitcoin staged another advance last week, adding +3.4% at the time of writing. Technical Headwinds on the Weekly Chart Technical headwinds remain on the weekly timeframe. This includes the channel resistance that recently made its way into the fight, extended from the high of $31,050, an ascending channel

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  • XAU/USD (Gold): All-Time High in Play!

    XAU/USD (Gold): All-Time High in Play!

    • December 2, 2023

    Spot gold in $ terms (XAU/USD) recorded another smashing week, adding +3.5% and lifting the precious metal to the all-time high of $2,075 set in August 2020. As per the weekly timeframe, momentum remains to the upside, according to the Relative Strength Index (RSI), with room to push for overbought conditions. Break the All-Time High?

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  • S&P 500: Technical Outlook and Review

    S&P 500: Technical Outlook and Review

    • December 2, 2023

    S&P 500 Chalks up Largest One-Month Gain since Mid-2022 November finished higher by nearly 9.0%; it was a cracking month for the S&P 500, chalking up its largest one-month gain since July 2022 and closing on the doorstep of the 4,607 top printed in July. You will note that from the monthly timeframe, we can

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  • EUR/USD: Bids and Offers about Even

    EUR/USD: Bids and Offers about Even

    • December 2, 2023

    Europe’s shared currency benefitted from the dollar downside in November, adding +2.9% and settling a whisker off best levels. Monthly Timeframe: Clear Downtrend Although the recent bid deserves notice—particularly as it followed a test of support on the monthly timeframe at $1.0516—the long-term trend leans in the seller’s favour, with a downtrend in play since

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