is trading at a critical point. The price has reclaimed the low-$80,000 area, but the market has not yet confirmed a clean breakout. The current structure is bullish enough to keep upside targets alive, but not strong enough to ignore the risk of rejection near overhead resistance. The key issue is whether Bitcoin can turn…
Tesla is killing the Model S and Model X to build robots. Six weeks ago, we wrote about robotics in the April Monument Trend Advisory issue. The thesis came down to one line Jensen Huang delivered at Nvidia’s GTC conference in March: Every industrial company will become a robotics company. Huang put a number on…
The GBPUSD moved higher yesterday, but upside momentum stalled near the lower end of a key swing area resistance zone between 1.3574 and 1.3602. The rally peaked at 1.3577 before sellers leaned against the resistance area and pushed the pair lower into the new trading day, sending the price back toward its 100- and 200-hour…
The USDCAD is extending higher after recovering from earlier weakness at the start of the trading day. As outlined in an earlier post, the pair first moved back above its 100-hour moving average near 1.3600, but buyers have now taken the next important technical step with a break above the 200-hour moving average at 1.3631…
The AUDUSD extended higher after the Reserve Bank of Australia raised rates by 25 basis points yesterday, effectively reversing the rate cuts seen earlier in 2025. The move marked the central bank’s third consecutive hike as policymakers continue their fight against stubborn inflation pressures. Technically, the bullish momentum gained traction yesterday when the pair moved…
The USDJPY moved sharply lower earlier today, breaking below both its 100-day moving average at 157.316 and the falling 100-hour moving average at 156.90 — a bearish technical development that shifted momentum firmly in favor of the sellers. The decline also pushed the pair below the 50% retracement of the rally from the February 12…
The USDCAD moved lower earlier in the day as broad-based dollar selling pressure pushed the pair down, but buyers found support and helped drive the price back toward unchanged levels on the session. In the rebound, the pair climbed back above its 100-hour moving average, which currently comes in at 1.3600 — a key technical…
In the post from yesterday, I highlighted the 100-hour moving average as a key resistance target that was keeping a lid on the USDCHF (see: “USDCHF sellers remain in control. Price tests 100 hour moving average twice and finds willing sellers”). That moving average once again attracted sellers during the early Asian session today, helping…
BTC rises to 82k, a 3-month high Hope of a US-Iran deal lift risk sentiment, pulling oil & treasury yields lower US tech earnings help stocks to record highs BTC ETFs record $1.6 billion in net inflows in May Strategy warns of potential BTC sales is extending gains, rising to $82,000 as improving risk sentiment,…
The early reports this morning suggest that the U.S. and Iran are moving closer to a one-page memorandum aimed at ending the war — or at least establishing another ceasefire framework. The agreement would reportedly serve as the foundation for more detailed nuclear negotiations going forward, including discussions surrounding future uranium enrichment limits, which was…
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