Failed Breakdown Reversal vs. Bearish ContinuationMarket Context:After a sustained Down Trend, GBPAUD formed a Bearish Rectangle. The initial breakdown led to an oversold RSI (below 30), suggesting a climax rather than a sustainable move. Price has since formed a Double Bottom with a clear Bullish Divergence, indicating a potential failed breakdown and a reversal. Technical…
XAG/USD 1-Hour Short Trading PlanTrading Instrument: XAG/USDTimeframe: 1 HourTrading Direction: ShortEntry Strategy: Enter short after price retracement Entry Level: Around 81.25086Stop Loss: 82.41750 TP1: Around 78.32660Close 50% position, move stop loss to breakeven. TP2: Around 76.21130Close another half of remaining position, trail stop loss to protect profits. TP3: Around 73.26925Reduce half of leftover position again,…
Market Overview The crypto market capitalisation has fallen by around 2% over the past 24 hours to $2.62 trillion, amid a renewed flight to safety in global markets. The leaders were (+9%), (+3.6%) and (+1.4%); the laggards were (-4.7%), (-3.7%) and (-3.5%). Since hitting lows at the end of March, the cryptocurrency market has been…
Here’s one of the biggest misconceptions in modern investing: Building meaningful wealth requires a large amount of capital. You’ve been conditioned to believe that, but in reality, one of the most effective ways to diversify and gain leveraged exposure to long-term growth trends is through a simple options strategy: LEAPs. LEAPs, or Long-Term Equity Anticipation…
Both the EURUSD and GBPUSD are giving back earlier gains as broader market sentiment turns more cautious. The EURUSD is still modestly higher on the day by 0.08%, while the GBPUSD has slipped back to unchanged levels after failing to sustain upside momentum. Meanwhile, crude oil has rebounded sharply back above $95 after earlier trading…
The AUDUSD broke sharply higher yesterday, extending above the April and May swing highs between 0.7221 and 0.7227 — a bullish technical breakout that shifted momentum further in favor of the buyers. The rally carried the pair to a session high of 0.72769, pushing into a key swing area resistance zone from May 2022 between…
The USDCHF is pushing to fresh session lows in early North American trading and is now trading at its lowest level since March 11. The latest leg lower has taken the pair beneath the 61.8% retracement of the 2026 trading range at 0.7771, while also breaking below a key swing area between 0.7771 and 0.7782….
The USDCAD is pushing higher in early North American trading after buyers successfully defended a key technical support zone during the European session correction. Earlier in the day, the pair slipped back below its 200-hour moving average at 1.3627 (green line on the chart below), and tested the lower boundary of an important swing area…
As the North American session gets underway, Treasury yields are moving modestly lower, with the 2-year yield down -2.1 basis points at 3.51% and the 10-year yield lower by -2.2 basis points at 4.332%. Oil prices are also under pressure, falling $3.19 or -3.37% to $91.82. Even with today’s decline, crude remains above yesterday’s lows…
There’s a building in Veldhoven, Netherlands, that the entire global chip industry depends on. Inside that building, ASML Holding (ASML) makes the only machines on earth that can etch the world’s most advanced semiconductors. The machines are called extreme ultraviolet lithography systems. They cost around $400M each, weigh as much as two Boeing 737s, and…
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