A bloodbath on the S&P 500. The S&P 500 plummets during today’s session with the US bond yields on the rise while risk aversion hits the markets. On the daily chart of the S&P 500 we can see that index drops below the 55 day EMA (purple line) at the ...

S&P500 trading

Good pullback on the USDJPY to the 113.00 level where it has found a good support level. Below that zone, the next support level could be around the 55 day EMA at the 112.21 level. To the upside, the 114.00 level could act as resistance.

USD/JPY Discussion

The USDCAD rallies exactly to the 200 day EMA at the 1.2955 level as shown on the daily chart. The moving average may act as a resistance, to the downside the 1.2800 level may act as support. Above the 200 day EMA, the 55 day EMA (purple line) may ...

USD/CAD

The GBPUSD pulls back to the 55 day EMA, which is acting as a resistance, just above the 1.3000 level. To the downside, the next support level could be the 1.2800 level and to the upside the 200 day EMA around the 1.3246 level.

Cable Update (GBPUSD)

The drop continues on the AUDUSD and the pair reaches the 0.7100 level, which has acted as support in the past. The AUDUSD may try to bounce to the upside from the 0.7100 level, but if it continues dropping, then the 0.7000 level could act as ...

AUD/USD

The AUDUSD finds a good support around the 0.7200 level from where it may head in any direction, but for now the bearish channel on the daily chart is still in place. Its most important resistance is at the 0.7300 level and below the 0.7200 level, ...

AUD/USD

The price of silver is still consolidated around the 14.31 level, with a good support at the 14.00 level. Despite the current consolidation, the bearish trend is still in place on silver, at least on the daily chart. From the current congestion area ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The GBPUSD weakens, but stays inside a congestion area between two important moving averages, the 55 and 200 day EMAs. The most important resistance on the GBP/USD is at the 1.3300 level and its support at the 1.3000 level.

Cable Update (GBPUSD)

The pullback on the GBPUSD may be over and the pair may go back to the 200 day EMA and the 1.3300 level. To the downside, the 1.3000 level may act as support.

Cable Update (GBPUSD)

The GBPUSD finds a good resistance around the 1.3300 level where we can also find the 200 day EMA. The pair may try to bounce to the downside from this zone, but the bullish trend is still in place.

Cable Update (GBPUSD)

Good rally on oil. WTI oil rallies on the back of lower than expected US crude oil inventories. The sanctions on Iran and a rise in demand has also contributed to the rally on WTI oil. After the breakout of the 70.00 level, the commodity rises to ...

WTI Crude Oil Trading

The bullish trend is still in place on the GBPUSD but it may try to pullback to the downside, where the 1.3000 level and the 55 day EMA may act as support. To the upside, the 1.3300 level may act as resistance.

Cable Update (GBPUSD)

Consolidation on gold continues. The precious metal keeps consolidating between the 1187 level as support and the 1214 level as resistance. Gold has been consolidating for the last twenty sessions in the same area as shown on the daily chart. Just ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

WTI oil retraces to the 55 day EMA at the 68.40 level where it finds a good support after leaving behind a false breakout above the 70.00 level.

WTI Crude Oil Trading

No clear direction on the USDJPY, the pair is consolidating above the 111.00 level with a resistance at the 112.14 level.

USD/JPY Discussion

The AUDUSD completes three trading sessions in a row stuck around the 0.7100 level as support. The AUDUSD keeps a bearish trend, which is confirmed by the 55 day EMA that is pointing to the downside. The 200 day EMA is also pointing to the downside, ...

AUD/USD

The 0.7100 level has been acting as a good support on the AUDUSD, which accelerates its bearish momentum to stay within a bearish channel. It next support could be the 0.7000 level.

AUD/USD

The USDCHF breaks above the 0.9733 level which is where we can find the 200 week EMA, but the zone may still act as a resistance. A better resistance though is at the 0.9800 level where we can find the 200 day EMA and the 55 week EMA. To the ...

USD/CHF

The GBP/USD is in a downtrend with the 55 day EMA acting as a good resistance level. The pair pulled back to the upside from the low at the 1.2660 to the 55 day EMA and the 1.3000 level. Since last week, the price of the GBP/USD has been pulling ...

Cable Update (GBPUSD)

Silver has broken below the 14.31 level and reaches the 14.00 level, which could act as support as shown on the daily chart. The rally on the Dollar and the trade war between the US and China has pressured the commodities sector and the precious and ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread