All articles from this author:

kelvin_wong

Kelvin Wong

Back
Forex
12:17 - 30.04.2026
Author:
kelvin_wong
Kelvin Wong

USD/JPY (update): “Final warning” verbal intervention spooked the market. What are the next key supports to watch?

USD/JPY reversed sharply after hitting 160.73 as Japan’s “final warning” on FX intervention spooked markets, triggering a 0.9% pullback and boosting the yen. The pair now tests key support levels at 159.05 and 158.60, with downside risks rising if pressure persists. Traders are closely watching upcoming ECB and BoE policy signals, where any hawkish guidance could accelerate USD/JPY’s corrective decline.

commodities Commodities
08:25 - 30.04.2026
Author:
kelvin_wong
Kelvin Wong

Chart alert: USD/JPY breaches above 160 (21-month high), ignoring intervention risk

USD/JPY surges to a 21-month high above 160, defying intervention risks as yen weakness intensifies. Rising oil prices and a widening US–Japan rate differential continue to drive upside pressure, reinforcing the pair’s bullish momentum. Technical signals point to further gains within an ascending channel, with key support at 159.85 holding firm. Unless momentum breaks, USD/JPY may extend toward higher resistance levels in the near term.

commodities Commodities
14:16 - 29.04.2026
Author:
kelvin_wong
Kelvin Wong

Chart alert: Silver (XAG/USD) rout extends below $75.90 key intraday resistance, bearish trend intact

Silver (XAG/USD) remains under pressure as its bearish trend extends, with prices failing to attract safe-haven demand despite ongoing geopolitical tensions. Momentum-driven selling has pushed silver below key moving averages, confirming a breakdown from its recent rebound. Technically, the outlook stays negative below the $75.90 resistance level, with further downside risk toward lower support zones if bearish momentum persists.

equities Equities
08:47 - 29.04.2026
Author:
kelvin_wong
Kelvin Wong

Nasdaq 100: AI bubble fears overblown, bullish trend intact above 26,760 key intraday support

The Nasdaq 100 remains in a firm uptrend despite renewed AI bubble concerns triggered by OpenAI-related headlines. Losses were quickly trimmed, reinforcing underlying bullish momentum. Semiconductor stocks continue to lead the rally without exhibiting peak-cycle warning signals, while market breadth stays healthy. Technically, the index holds within an ascending channel, with 26,760 as key support and further upside potential toward higher resistance levels.

equities Equities
13:03 - 28.04.2026
Author:
kelvin_wong
Kelvin Wong

Amazon (AMZN) Technical: Uptrend and outperformance factor intact above 231.00 key support

Amazon (AMZN) remains in a strong uptrend, outperforming peers as focus shifts to its Q1 2026 earnings and AI-driven growth. Markets are closely watching AWS momentum, advertising strength, and whether massive capex plans can translate into sustainable profits. Technically, the bullish structure stays intact above the $231 key support, with potential upside toward higher resistance levels if momentum holds.

Forex
07:53 - 27.04.2026
Author:
kelvin_wong
Kelvin Wong

Chart alert: AUD/USD kickstarts fresh bullish impulsive sequence above 0.7090 key support

AUD/USD is showing renewed bullish momentum after rebounding above 0.7090, supported by improving risk sentiment and easing geopolitical tensions around the Strait of Hormuz. The pair continues to track global equities closely, with correlation at elevated levels. A break above 0.7211 could trigger a fresh rally toward 0.7300, while failure to hold key support risks a pullback. Technical indicators, including a bullish MA crossover, reinforce the upside bias.

07:45 - 24.04.2026
Author:
kelvin_wong
Kelvin Wong

Chart alert: EUR/USD drifted down to 1.1665/1635 key support for potential bullish reversal

EUR/USD has pulled back 1.5% from its recent high amid renewed US–Iran tensions and a stronger US dollar, but key support at 1.1665/1.1635 is now in focus for a potential rebound. A steepening Eurozone–US rate spread suggests improving euro fundamentals, while technical signals, bullish divergence, and support at major moving averages, point to upside potential. A break above 1.1722 may trigger further gains toward 1.18 and beyond.

equities Equities
12:47 - 23.04.2026
Author:
kelvin_wong
Kelvin Wong

Intel (INTC) Technical: Overstretched rally, corrective decline looms below 72.54/75.76 within major uptrend

Intel (INTC) has surged nearly 80% year-to-date, driven by its strategic “national champion” role and AI partnerships, but technical signals suggest the rally may be overstretched. Price action is facing resistance near 72.54/75.76, with bearish momentum building after exiting overbought conditions. With Q1 earnings expected to drop sharply, a corrective pullback toward 54–40 is possible unless a decisive breakout above resistance sustains further upside.

commodities Commodities
07:36 - 23.04.2026
Author:
kelvin_wong
Kelvin Wong

Chart alert: WTI crude oil at risk of mean reversion decline below $102.25 after 5% spike

WTI crude oil surged 5% on a false alarm attack in Tehran before quickly retracing gains, underscoring fragile sentiment amid US–Iran tensions. Despite geopolitical risks, declining implied volatility and easing backwardation suggest limited upside. Technically, oil is testing range resistance near the 20-day moving average, with bearish signals pointing to a potential mean reversion decline toward $90.50 or lower unless $102.25 is decisively cleared.

equities Equities
07:58 - 22.04.2026
Author:
kelvin_wong
Kelvin Wong

Tesla (TSLA) Technical: Bearish reaction from 200-day MA with weak relative strength

Tesla (TSLA) faces mounting technical pressure ahead of its Q1 2026 earnings, underperforming peers in the Magnificent 7 despite a broader market rebound. Price action has been rejected at the 200-day moving average, reinforcing a bearish bias below 417.40. Weak relative strength versus the S&P 500 and fading momentum indicators suggest downside risks toward 337–288 if key support at 363.80 breaks, unless a bullish reversal invalidates the trend.

Scroll to top