Fundamental Analysis & Market Sentiment I wrote on 22nd March that the best trades for the week would be: Long of the USD/JPY currency pair. This gave a win of 0.95%. Long of Brent Crude Oil but with ¼ of the normal position size. This gave a loss of 1.85%. Last week’s overall loss of

Created on March 29, 2026 NASDAQ 100 The Nasdaq 100 initially tried to rally during the week but has collapsed as fear continues to grip the market. Interest rates in America continue to climb and we have now sliced through the crucial 23,800 level. We are below the 50-week EMA as well and quite frankly;

After successful IPOs by eToro and iFOREX over the past year, which is the next CFDs broker planning to “go public”? Which CFDs broker got a (rare) new ASIC license? Which national financial regulator is partnering with Google to give out “Verified” badges for trading apps on the Google Play Store? What lawsuit has been

Daily Pivots: (S1) 0.6853; (P) 0.6907; (R1) 0.6941; More… Intraday bias in AUD/USD on the downside as this point. Fall from 0.7187 is seen as correcting the whole up trend from 0.5913. Deeper decline would be seen to 38.2% retracement of 0.5913 to 0.7187 at 0.6700. On the upside, though, above 0.6956 minor resistance will

Daily Pivots: (S1) 1.6651; (P) 1.6706; (R1) 1.6796; More… EUR/AUD’s rise from 1.6125 short term bottom continues today and intraday bias remains on the upside. Sustained break of 55 D EMA (now at 1.6755) will pave the way to 38.2% retracement of 1.8554 to 1.6125 at 1.7053. Nevertheless, below 1.6607 minor support will turn intraday

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USD/CAD’s rebound from 1.3480 accelerated high last week. Initial bias stays on the upside this week for 38.2% retracement of 1.4791 to 1.3480 at 1.3981. Decisive break there will argue that it’s already reversing the whole down trend from 1.4791, and target 61.8% retracement at 1.4290. On the downside, below 1.3844 minor support will turn

EUR/GBP stayed in range trading above 0.8610 last week. Initial bias remains neutral this week first. On the upside, sustained break above 55 D EMA (now at 0.8680) will confirm short term bottoming, and bring stronger rebound back to 0.8788 resistance. However, rejection by 55 D EMA will set up another fall through 0.8611 to

GBP/JPY edged higher last week but failed to break through 213.28 resistance and retreated. Initial bias stays neutral this week first. On the upside, firm break of 213.28 will resume the rise from 207.20 to retest 214.98 high. However, break of 210.77 will bring deeper fall back to 209.15 support and below. In the bigger

USD/CHF’s rally from 0.7603 resumed last week by breaking through 0.7957. Initial bias stays on the upside for 38.2% retracement of 0.9200 to 0.7603 at 0.8213. For now, further rally is expected as long as 0.7833 support holds, in case of retreat. In the bigger picture, a medium term bottom should be in place at

USD/JPY’s rally from 152.25 resumed by breaking through 159.88 resistance last week. Initial bias remains on the upside and further rise should be seen to retest 161.94 high next. On the downside, below 159.35 minor support will turn intraday bias neutral first. But near term outlook will stay bullish as long as 157.49 support holds,

EUR/USD remains bounded in consolidations above 1.1408 last week and outlook is unchanged. Initial bias stays neutral this week first. Further decline is expected with 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665) intact. On the downside, firm break of 1.1408 will resume the fall from 1.2081 to 38.2% retracement of 1.0176

AUD/USD’s extended decline last week should confirm medium term topping at 0.7187. Initial bias remains on the downside this week for 38.2% retracement of 0.5913 to 0.7187 at 0.6700. On the upside, above 0.6956 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.7187 resistance holds,

EUR/JPY’s rebound from 182.02 extended higher last week but retreated just ahead of 184.75 resistance. Initial bias remains neutral this week first. On the upside, break of 184.75 will resume the rise from 180.78 to retest 186.86 high. On the downside, however, below 183.17 minor support will turn bias back to the downside for 182.02

EUR/AUD’s extended rebound last week confirmed short term bottoming at 1.6125. Initial bias stays on the upside this week. Sustained break of 55 D EMA (now at 0.6756) will pave the way to 38.2% retracement of 1.8554 to 1.6125 at 1.7053. On the downside, below 1.6607 minor support will turn intraday bias neutral first. In

Created on March 26, 2026 Last Friday the NZD/USD was above 0.58900 a couple of times. The currency pair was within sight of the 0.61000 mark towards the end of January. On the 27th of February the NZD/USD was close to 0.60075. As of this morning the realm of 0.57860 is being seen with fast

GBP/USD is under pressure due to cautious market sentiment, USD strength stemming from Middle East ceasefire strains, and uncertainty following President Trump’s delay of Iran’s energy plant destruction. Technical analysis reveals a bull flag pattern on the H1 chart, suggesting a potential 100-pip rally If the price fails to clear the 200 SMA and breaks

Created on March 27, 2026 British pound continues to see a lot of noisy sideways trading. British pound dropped initially during the trading session on Thursday but has turned around to show signs of life again as the market continues to bang around in a fairly well-defined range. The 200-day EMA sits right about where

Daily Pivots: (S1) 1.3820; (P) 1.3844; (R1) 1.3886; More… USD/CAD’s rally from 1.3480 is in progress and intraday bias remains on the upside. It’s seen as correcting the whole down trend from 1.4791 and should target 1.3927 resistance, or probably further to 38.2% retracement of 1.4791 to 1.3480 at 3981. On the downside, below 1.3816

Ed Wicks has been promoted to head of global markets at Legal & General Asset Management, a newly created role for the firm.   Wicks’ promotion marks an extension of his ongoing eight-year long tenure at the asset manager, having initially joined in 2015 as head of equity trading.   He later stepped up as global head