Key Support and Resistance Levels
Resistance Level 1: 7260
Resistance Level 2: 7310
Resistance Level 3: 7460
Support Level 1: 6860
Support Level 2: 6760
Support Level 3: 6690
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 not...
WTI prices ticked higher as renewed Houthi attacks in the Red Sea raised supply and shipping risk concerns.
A drone and speedboat strike on a Greek-operated vessel killed four crew members, marking the second attack in a day and signaling a fresh escalation after a temporary Middle East truce.
The Red Sea remains a critical route for crude flows, and heightened...
Copper futures spiked—largest intraday gain in decades—after Trump announced a 50% import tariff.
Market fears supply disruption, especially from major exporters like Chile and Peru.
Bullish short-term outlook as U.S. buyers may rush to stockpile ahead of enforcement.
Risk of retaliation or broader trade tensions could limit gains if global demand...
The FTSE remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 8785 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8785 would confirm ongoing upside momentum, with potential targets at:
8900 – initial...
The BTCUSD remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 104,890 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 104,890 would confirm ongoing upside momentum, with potential targets at:
110.780 –...
Key Support and Resistance Levels
Resistance Level 1: 45000
Resistance Level 2: 45440
Resistance Level 3: 46000
Support Level 1: 44000
Support Level 2: 43700
Support Level 3: 43430
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...
Trump Softens Tariff Stance:
Trump said the Aug. 1 tariff deadline isn’t firm, easing fears of an immediate trade war. US equity futures rose on hopes for more negotiation. Japan criticized the planned 25% tariff, calling it “truly regrettable.”
Texas Floods – Trump to Visit:
Over 100 people died in the Texas floods, including 27 children. Trump said he’ll visit...
The EURAUD currency pair maintains a bullish bias, underpinned by the prevailing upward trend. Recent sideways consolidation in intraday price action suggests a potential continuation pattern within the broader uptrend.
The key level to watch is 1.7880, marking the lower boundary of the recent consolidation range. A corrective pullback toward this level, followed...
The EURCHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.9370, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The EURUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.1640
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
The DAX40 remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 23850 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 22850 would confirm ongoing upside momentum, with potential targets at:
24410 – initial...
Data Releases:
United States:
NFIB Small Business Optimism (June): Offers insights into the health of the US small business sector. A lower-than-expected reading may point to rising concern over economic conditions and future earnings amid persistent inflation and tight credit.
NY Fed 1-Year Inflation Expectations: Closely watched for signs of shifting consumer...
Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6465 (primary pivot), followed by 0.6445 and 0.6400
Resistance: 0.6570...
The NZDUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.5980 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.5980 would confirm ongoing upside momentum, with potential targets at:
0.6070 – initial...
The USDCHF pair remains under bearish pressure, consistent with the prevailing downtrend. Recent price action has transitioned into a sideways consolidation, suggesting a pause in bearish momentum but not a reversal.
The key technical level to monitor is 0.8050, which marks a prior intraday consolidation zone and acts as immediate resistance. Should the pair...
The Silver price action continues to exhibit a bullish sentiment, underpinned by a prevailing rising trend. However, recent intraday moves indicate a corrective pullback, reflecting short-term consolidation within the broader uptrend.
Key Technical Levels:
Support:
3,500 – Primary support and previous consolidation zone; critical for maintaining bullish...
The Gold remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 3268 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3268 would confirm ongoing upside momentum, with potential targets at:
3345 – initial...
