- This topic has 27,697 replies, 54 voices, and was last updated 8 hours, 22 minutes ago by .
-
US500 (SP500) UPDATE
Shaken but not broken.
- Retreat from 7003 stopped dead on at 6839 to form a double bottom to maintain the current range.
- However, with 7000 capping the upside, the onus is on the bull side to at least establish above 6900 to keep thoughts away from the downside. 6941+ is needed to negate the risk.
- Otherwise, expect choppy consolidation trade while within 6839-7003
US500 4 HOUR CHART
Stocks get a lift from US-Iran talks back on
(Right click on any image (or chart) to open a full screen in a new tab)
Trump applies pressure on Iran
(Right click on any image (or chart) to open a full screen in a new tab)
ETHUSD
Recent falls in cryptocurrencies have left buyers looking at the next chart support levels where they could buy them back at a cheaper level after a steep fall. Ethereum has fallen to the 2,150 level, the lowest since June 2025 . Whether buyers step in here or fail to hold this support could determine whether the move proves to be a temporary liquidity flush or the beginning of a deeper trend shift.
Ethereum’s price may continue searching for equilibrium within historically significant valuation ranges, with near-term direction hinging on whether activity stabilises or accelerates further.
XAUUSD (GOLD) UPDATE
- Failure to hold 5000+ has cooled thoughts of an immediate reversal but to fully negate the risk 4595 would need to be broken.
- On the other side, only through 5092 would build momentum although technically it is still a retracement as long as it stays below 5140 (61.8%).
- Otherwise, it is back to no man’s land while trading within 4800-5000 with 4850 blocking the lower end. Always pay attention when a “50” level holds.
XAUUSD 4 HOUR CHART
Bessent on the USD
(Right click on any image (or chart) to open a full screen in a new tab)
Bessent on the USD
(Right click on any image (or chart) to open a full screen in a new tab)
BTCUSD (BITCOIN) UPDATE
- On the defensive again and dependent on the recent 72775 low holding as charts show 66750, 58850 and 49390 as potential supports below it (weekly chart).
- Back above 74500 and then 75000 would be needed, at a minimum, to slow the risk.
I was sent this earlier:
“Historically, there’s been a “tremendous amount” of near-religious belief in holding on to Bitcoin no matter what, Michael Novogratz, chief executive officer of Galaxy Digital LP, said on an earnings call. “And somehow that virus or that fever broke, and you started seeing some selling.”
BTCUSD 4 HOUR CHART
Cryptos: Don’t ask the US for help
(Right click on any image (or chart) to open a full screen in a new tab)
US stocks got a modest lift following this TS post
(Right click on any image (or chart) to open a full screen in a new tab)
AUDUSD (1HR)
The Australian dollar strengthened further to around $0.703, extending the prior session’s hawkish-policy-driven rally. The move brings the pair back toward three-year highs, supported by market expectations of further rate hikes and upbeat services PMI data.
The price is currently holding above resistance 0.700, supported by the emergence of positive signals from relative strength indicators. Continued trading above EMA50 provides dynamic support and will reinforcing the stability and dominance of the main bullish trend on short-term basis.
ISM Services mixed: Headline beat, employment miss, prices paid inch up
(Right click on any image (or chart) to open a full screen in a new tab)
- You must be logged in to reply to this topic.