Nasdaq 100 testing key resistance – EUR/USD and GBP/USD at resist [Video]
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Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
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EUR/USD edges lower after three days of gains, trading around 1.1870 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the pair rises within the ascending channel pattern, suggesting an ongoing bullish bias.
GBP/USD drifts lower after struggling to find acceptance above 1.3700, snapping a three-day winning streak and moving away from a four-month high set on Monday. A modest US Dollar uptick ahead of the Fed decision on Wednesday acts as a headwind for the currency pair amid slightly overbought conditions.
Gold attracts fresh buyers following the previous day's late pullback from levels beyond the $5,100 mark, or the all-time high, and sticks to the positive bias for the seventh straight day on Tuesday. The US Dollar struggles to gain any positive traction or register any meaningful recovery from its lowest level since September 2025, touched on Monday, amid concerns over US President Donald Trump’s trade policies.
Axie Infinity is up 3% at press time on Tuesday, extending the 21% gains from Monday and a bullish start to the week. The gaming token regains retail demand following the announcement of its app token, bAXS, to replace the AXS token across the ecosystem and gameplay rewards. This surge in retail demand pumps the AXS futures Open Interest to a three-year high.
US President Donald Trump ramped up trade tensions with South Korea yesterday after stating that Seoul is ‘not living up to its deal with the US’, as shown below via his Truth Social platform.
Axie Infinity is up 3% at press time on Tuesday, extending the 21% gains from Monday and a bullish start to the week. The gaming token regains retail demand following the announcement of its app token, bAXS, to replace the AXS token across the ecosystem and gameplay rewards.
