For Q2 2026, SMH may show mixed behavior as momentum cools. However, the sector still holds a strong long‑term trend. Current conditions suggest slower gains, yet buyers may defend key supports. As a result, the market could stabilize before attempting another advance. Even so, rising volatility may pressure short‑term swings. Therefore, traders should expect sharper…
EURGBP: Important Breakout 🇪🇺🇬🇧 📉EURGBP broke and closed below a key daily horizontal support cluster. It has turned into strong resistance now. Expect a decline at least to 0.8638 level. ————————— Daily time frame My Products: ✔️ Divergence Dashboard MT5©: https://www.mql5.com/en/market/product/166179 ✔️ Divergence Dashboard MT4©: https://www.mql5.com/en/market/product/166178 ✔️ Aero Pulse Dashboard MT5©: https://www.mql5.com/en/market/product/166171 ✔️ Aero Pulse…
There is a report that the White House is mulling releasing oil from the strategic petroleum reserve (SPR), but no formal decision has been made. According to Politico there is fierce opposition to tapping the SPR. Those who oppose tapping the reserve say a release would solve what they consider the underlying problem (war?). The…
#GOLD (#XAUUSD): Another Bullish Confirmation 🥇 Friday’s NY session was very bullish for 📈Gold. Not only the price violated a resistance line of a symmetrical triangle pattern but also a confirmed bullish CHoCH occurred. The market will likely continue rising and reach 5275 level. ————————— 4H time frame My Products: ✔️ Divergence Dashboard MT5©: https://www.mql5.com/en/market/product/166179 …
Keeping the fundamental basis for assessing oil aside, let’s look at both US crude oil and Brent oil. Using 200-day moving average extensions, we find that today’s high in US crude oil of $119.48 stood 88% above its 200 DMA, well above the 79% during the 1990 GulfWar, when it peaked at $40. Meanwhile, Brent…
Daily Pivots: (S1) 157.42; (P) 157.76; (R1) 158.13; More… Intraday bias in USD/JPY stays on the upside as rise fro 152.25 is in progress for 159.44 resistance. Decisive break there will target 161.94 high next. On the downside, below 157.38 minor support will turn intraday bias neutral again first. Overall, price actions from 159.44 are…
The Canadian dollar rose above 1.37 against the US dollar, reaching a one-month high and leading performance among G7 currencies. Mexican peso slid to 17.8 per dollar, a seven-week low and its weakest weekly result since summer 2024. Swiss franc trades near historic highs at 0.78 per USD, supported by safe-haven demand amid escalating tensions…
Iran War Pushed Dollar Up as Stocks Crash – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
ING’s Chris Turner notes that USD/JPY is back in Japan’s FX intervention zone as global shocks and Oil prices surge. He sees coordinated US–Japan action as unlikely but warns that any such move could knock USD/JPY down by several big figures. Authorities may focus on psychological levels around 160 in USD/JPY as they seek Dollar…
Surging Oil Price Takes Command of Everything Else March 9, 2026 (149) At today’s high, the $119.48 peak in West Texas Intermediate oil had leaped by a total 117% in less than three months and was 84% above its closing level on February 27 just before the start of Operation Epic Fury. The price has…