The DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone — the previous intraday consolidation level around 22,226.
This area now serves as a critical pivot point. A corrective pullback to...
Macroeconomic Data Releases (Market-Moving Potential):
US Data
ISM Manufacturing Index (April): A key indicator of manufacturing health; impacts USD, equities, and bond yields.
Total Vehicle Sales: Reflects consumer demand and manufacturing strength.
Construction Spending (March): Signals strength in real estate and infrastructure sectors.
Initial Jobless...
The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8090, followed by 0.8040 and 0.7940.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside...
Key Support and Resistance Levels
Resistance Level 1: 19590
Resistance Level 2: 20070
Resistance Level 3: 20344
Support Level 1: 18460
Support Level 2: 17820
Support Level 3: 17330
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
A wave of earnings reports is due today, with Microsoft and Meta in focus. The tech sector remains under pressure, highlighted by a 15% drop in Super Micro Computer after disappointing results.
In Europe, banks are seeing strong revenue growth, benefiting from recent market volatility linked to Trump’s trade policies. However, Mercedes and Stellantis have joined...
The price sentiment for Brent Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6533 — a key resistance level.
Key Resistance Level: 6533
This level marks a previous intraday consolidation area and could act as a ceiling for the current...
The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level.
Key Resistance Level: 6200
This level marks a previous intraday consolidation area and could act as a ceiling for the current...
The CAC40 index shows a bearish sentiment, with the overall trend remaining negative. Recent price action suggests a short-term oversold rally that could face resistance near the 7705 level — a key previous consolidation area.
Key Resistance: 7705
A failure to break above this level could lead to renewed selling pressure.
Bearish Scenario:
If the price is...
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside.
Key Resistance: 8380 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
8113 – near-term target if bearish momentum continues
7960 and 7850...
Wednesday April 30
Data: US Q1 GDP, employment cost index, April ADP report, MNI Chicago PMI, March core PCE, personal income and spending, pending home sales, China April official PMIs, Caixin manufacturing PMI, UK April Lloyds Business Barometer, Japan March retail sales, industrial production, housing starts, Germany April CPI, retail sales, import price...
LTC/USD shows a bullish price action sentiment, supported by a sustained upward trend. Recent intraday activity indicates sideways consolidation, hinting at potential accumulation before a breakout.
Key Levels:
Support: 840 (primary), followed by 800, 777, and 738
Resistance: 901, with extended targets at 936 and 964
The 840 level remains the key pivot and...
ETH/USD maintains a bullish sentiment, supported by an ongoing upward trend. However, recent intraday price action shows signs of sideways consolidation, suggesting a pause or potential setup before the next significant move.
Key Levels:
Support: 1,726 (primary), followed by 1,680 and 1,620
Resistance: 1,910, with extended targets at 1,960 and 2,020
The 1,726...
The BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.
Key Levels:
Support: 91,940 (primary), followed by 90,200 and 88,110
Resistance: 99,300, with extended targets at...
Earnings season heats up with major companies like Visa, Coca-Cola, Starbucks, UPS, and Pfizer reporting results. In Europe, HSBC announced a $3 billion share buyback, while BP shares dropped due to weaker cash flow.
In Canada, the Liberal Party is set to win a fourth term, but likely without a majority, which could lead to a coalition-style...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8444 – previous consolidation range and pivotal support
Upside Targets:
0.8550 – initial resistance
0.8620 and 0.8715 –...
