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EUR/JPY: Bullish Falling Wedge Targets 181.55EUR/JPY looks increasingly constructive following a potential falling wedge breakout, with the euro gaining ground against the Japanese yen. I first highlighted the falling wedge in late October, favoring an upside break while prices held above recent swing lows. A double bottom around 175 provided the foundation for a rally, before a long-legged doji near 178 triggered a two-day pullback. If successful, the wedge suggest an upside target around its base at 181.50 - though bulls cold also seek
Long
by StoneX Trading
Gold Bears Eye $3,880 as $4,000 Resistance LoomsGold prices broke decisively below 4,000 last week – killing off my assumption that bulls were quietly accumulating above that level. While prices recouped some of those losses on Monday, they remain below 4,000 – making it a pivotal level for traders over the near term. The 1-hour chart shows prices holding above the weekly pivot point for now, but with the monthly pivot and weekly R1 sitting just above 4,000, bears may be seeking to fade rallies towards these levels. The near-term target is j
COMEX:GC1!Short
by StoneX Trading
1
USD/JPY Bears Eye 157 Ahead of BOJ MeetingThe weekly chart shows two lower highs have formed on USD/JPY, the most recent of which snapped a four-week rally that was already losing bullish momentum. While the daily chart has seen prices retrace higher, USD/JPY is now stuck between the 200-day SMA and EMA, within a previous congestion zone. Such areas can make for decent resistance zones. The fact we’ve now seen a shooting star candle below the 200-day EMA suggests bears may be trying to carve out a swing high. Given the Fed were not o
Short
by StoneX Trading
EUR/JPY Falling Wedge Hints at Bullish ReversalEUR/JPY remains in a clear downtrend – but I wanted to highlight a potential bullish reversal pattern to monitor as we head into next week. The daily chart shows a falling wedge pattern, which projects an upside target around its cycle high just below 182. A bullish divergence is forming on the daily RSI (14), while the RSI (2) has recently been oversold. Furthermore, prices are holding around the November 2025 low, with a prominent opening gap from Japan’s 2025 election also nearby at 174.75,
Long
by StoneX Trading
Nikkei 225 Bears Eye 60,000, Though Oversold Signals BuildThe Nikkei closed lower for a second week, marking its worst two-week decline since March at 5.9%. Yet with support found around the 200-day EMA and SMA, there may be scope for a bounce. Friday’s bullish pinbar also formed on high volume, suggesting a potential shift in control from bears to bulls, while the low respected the July closing low. The daily RSI (2) is also heavily oversold, although it has not formed a bullish divergence. At a minimum, bears may want to tread with caution around th
OSE:NK2251!Short
by StoneX Trading
1
ASX 200 Rising Wedge Hints at Another Leg LowerWhile the ASX 200 has risen for three weeks, it could be swimming against the tide. Its record high in early August marked the beginning of an eight-week selloff of 7.4%, which makes this three-week recovery look less impressive. Price action has also been choppy on the daily chart, forming a potential rising wedge – a bearish reversal pattern which points towards the swing lows around 8600. Furthermore, a hanging man candle formed around the 200-day SMA and EMA, adding to the case for a potenti
SP:XJOShort
by StoneX Trading
Gold Hints at Quiet Accumulation as Bulls Seek DipsGold made a mild attempt to reverse its trend and break above its bearish trendline, although falling volumes suggest the move lacks strong bullish conviction for now. However, the sharp rejection of $4,100 ahead of the bounce suggests quiet accumulation may be underway, with bulls potentially seeking dips while prices hold above $4,082. The 4-hour chart shows support around the weekly pivot point and monthly VWAP, potentially paving the way for a minor bounce. However, with the US dollar remai
COMEX:GC1!Long
by StoneX Trading
10
USD/JPY Bulls Struggle at 200-Day SMAUSD/JPY is grinding higher, though bulls are making hard work of it. In fact, it’s taken seven days to recoup three-quarters of the bearish engulfing candle which slammed prices well below the 200-day SMA. So the fact that a small doji has formed and respected the 200-day SMA as resistance has caught my eye. Note the weekly pivot point at 158.72 and swing highs around 158.50 that could act as resistance if prices continue to grind higher over the near term. But while prices remain beneath the 1
Short
by StoneX Trading
USD/CHF Hints at Swing HighI discussed USD/CHF in Wednesday's video to help outline why I suspected DXY may be due a pullback. So it is encouraging to see a potential two-bar bearish reversal around a historical level on the Swissy. Perhaps we have seen the end of wave B – or are at least close to it. If so, it implies another leg lower. Given the Middle East headlines are weighing on sentiment, a case could be building for traders to hedge with gold and the Swiss franc into the weekend. MS
Short
by StoneX Trading
GBP/AUD Pullback Could Offer Bulls Another EntryI had been watching a potential inverted head and shoulders pattern on GBP/AUD several weeks ago, but put the idea on hold when bearish momentum accelerated. With prices now reversing higher, the low of the potential right shoulder may already be in. A break above the March high would strengthen the case for a broader bullish reversal. But before that, the June high looks like the more immediate upside objective. On the daily chart, GBP/AUD is currently retracing lower, so I am watching for ei
Long
by StoneX Trading
ASX 200 Bulls Eye 8800 as Support Holds Near 8700Sometimes simplicity is key. While the SPI 200 (ASX 200 futures) chart has been within a particularly choppy range these past few weeks, I suspect bulls may be accumulating near the lows. Notice the false break of the July low on 2 October, before Friday’s daytime low then respected that level as support. With prices now near the top of the prior candle's range and holding above 8700, bulls may be seeking dips in anticipation of a move up to the 8800 or even 8900 handles. Depending on whether
ASX24:AP1!Long
by StoneX Trading
GBP/CAD Bulls Regain Control as Uptrend ReassertsGBP/CAD remains within an established weekly uptrend, despite some choppy price action and sharp reversals along the way. A swing low appears to have formed in early September just above the 50-week EMA and 200-day EMA, before two indecisive doji candles gave way to bullish range expansion. That shift suggests momentum has realigned with the broader uptrend. On the daily chart, GBP/CAD continues to hold above the monthly pivot at 1.8787 and 50-day EMA at 1.8764, creating a potential support zo
Long
by StoneX Trading
1
WTI Crude Ponders Potential BounceOn Tuesday 15 September, I warned that without a fresh catalyst, I was suspicious of crude oil breakouts. While WTI closed the day higher by the day’s close and at a 4-month high, it was short lived. And only marginally above the 105.21 high. And since then, we have clearly seen the bearish mean-reversion I sought. But now I suspect the pullback has gone too far. Note the tweezer bottom on the daily chart around the 50-day EMA, and with both of those candles with above-average volume – it sugge
NYMEX:CL1!Long
by StoneX Trading
Gold Holds Firm as US Dollar Momentum Starts to FadeGold has retraced for a fourth week, with a small bullish hammer respecting the 50-week EMA and weekly VOPC showing demand around 4300. It also suggests bears are losing steam, given bearish volatility is waning. Note the bullish engulfing candle on the daily around the 50-day EMA. Prices are now consolidating around the upper half of last week’s range. The near-term bias is to seek dips within last week’s range while prices hold above last week’s low, with 4500 and 5600 being possible upside
COMEX:GC1!Long
by StoneX Trading
Nikkei 225 Eyes 66k as Wall Street ReboundsThe daily chart shows a potential tweezer bottom at 63,733 - and a double bottom at the same level on the 4-hour chart. A potential falling wedge pattern is also forming, which can be a bullish continuation pattern which projects a target near its cycle highs, just below 70k. Also note support was found around the 100-day EMA and the RSI (2) reached oversold recently and is now moving higher to suggest a swing low may have formed. While I am not fully convinced yet that a direct rally to 70k is
FOREXCOM:JP225Long
by StoneX Trading
1