Market Trends This Week: An In-Depth Look at Key Markets

Shorts caught offside?

Bitcoin and Crypto

Bitcoin printed a Doji candle this week but ultimately lacked commitment in either direction.

Forex Markets

There were some intriguing developments in the forex space. Rumors circulated that the Bank of Japan may finally intervene to curb the Japanese Yen's prolonged weakness. USD/JPY sank briefly on this notion, so we'll see if officials indeed take action.

Elsewhere, EUR/USD and GBP/USD printed bullish Tweezer bottom patterns. These two-candle reversals signal waning USD strength and potential gains for the Euro and Pound.

Stocks and Indices

Could be a large bear trap forming in the SPY 0.00%↑ as we have failed for two weeks in a row to undercut the AVWAP from March lows.

Natural Gas UNG 0.00%↑ getting close to a breakout at these levels after being in a tight base for an extended period of time.

Notable Opportunities

AKAM 0.00%↑ holding well and putting in a long orderly pullback.

XPEV 0.00%↑ Getting very tight here.

ALRM 0.00%↑ with a great looking bottoming tail.

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