Donald Trump’s new reciprocal tariffs are now in place, adding pressure to the global economy as he aims to reshape international trade. Unlike past moves, China hasn’t responded immediately, marking a shift from its usual quick retaliation.
European and Japanese stocks fell on rising trade tensions, while U.S. futures remain steady ahead of the open. According to...
Brent Crude Oil selling pressure continuation
Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6350 (former support, now resistance), 6622, 6774
Support: 5762, 5505, 5040
Bearish Outlook:
Price has broken...
WTI Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6065 (former support, now resistance), 6307, 6400
Support: 5480, 5336, 5200
Bearish Outlook:
Price has broken below 6065, which was a key intraday...
The CAC 40 continues to exhibit bearish sentiment, in line with the prevailing downtrend. Recent price action has confirmed a break below a key consolidation support zone, reinforcing the downside bias.
Key Technical Levels:
Resistance Zone: 7000 (short-term), 7186 (major resistance / former consolidation zone)
Support Levels: 6760 (initial target), 6630...
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: 7770 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
7522 – near-term target if bearish momentum continues
7463 and 7400...
Wednesday, April 9 – Market Highlights
Economic Data:
US February Wholesale Trade Sales – Insight into inventory and business spending; may impact GDP outlook.
Japan March Consumer Confidence – Indicator of consumer sentiment; could influence JPY and equities.
Japan Machine Tool Orders – Key for industrial activity; relevant for JPY and manufacturing...
Market Sentiment:
The prevailing trend for LTCUSD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery.
Key Levels:
Resistance: 897.70 (Previous consolidation zone)
Support Levels: 826.80 → 790.20 → 746.40
Potential Scenarios:
Bearish Continuation: If LTCUSD fails to break above 800.70 and faces...
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1,724, which represents the current intraday swing high and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1,724 resistance, could lead to a downside...
Recent price action in Bitcoin (BTCUSD) suggests an oversold bounce, with resistance capping gains at the 88,000 level. The continuation of selling pressure could extend the downside move, with key support levels at 76,144, followed by 74,420 and 73,283.
Alternatively, a confirmed breakout above 84,600, accompanied by a daily close higher, would invalidate the...
Dow Jones INTRADAY oversold bounce back
Key Support and Resistance Levels
Resistance Level 1: 40617
Resistance Level 2: 42165
Resistance Level 3: 44073
Support Level 1: 37555
Support Level 2: 36620
Support Level 3: 35125
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course...
Trump threatened a 50% import tax on China, adding confusion over his global tariffs. China promised to hit back and moved to support its markets.
Stocks bounced slightly as investors looked for bargains, but uncertainty around U.S. trade policy remains. U.S. Treasuries rose after falling on Monday.
Wall Street is getting more cautious. BlackRock downgraded U.S....
The EURAUD pair is showing a bullish trend, supported by higher highs and higher lows. Recent price action suggests a pullback toward the 1.7850 level, which is a key support area from a previous consolidation.
If the pair bounces from 1.7850, it may resume its uptrend, targeting resistances at 1.8380, 1.8580, and potentially 1.9240 over the longer...
EUR/CHF – Simple Technical Analysis
The EUR/CHF pair is currently showing a neutral sentiment, with price moving sideways in a consolidation range. Recent intraday action suggests a corrective pullback toward support at 0.9317, which is a key level from a previous range.
If the pair bounces from 0.9317, it could push higher toward 0.9475, and potentially extend...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.0755 – Previous resistance turned support, key level for potential bounce.
1.0700 –...
The DAX 40 Index is showing a bearish trend, with recent price action breaking below a key support level around 20820. This level acted as a consolidation zone and is now a key resistance.
An oversold bounce from current levels is possible, but if the price fails to break back above 20820, it could head lower toward the next support levels at 19550, 18780, and...
Key Data Releases
US: March NFIB Small Business Optimism Index – gauge of small business sentiment, could hint at future economic activity and inflation pressures.
Japan:
March Economy Watchers Survey – frontline view of economic trends.
February BoP (Balance of Payments): Current account & trade balance – impacts yen and risk sentiment.
France: February trade...
AUD/USD maintains a bearish outlook, reinforced by the prevailing downtrend and a confirmed break below the previous consolidation zone.
Key Resistance Level: 0.6140 – previous support turned resistance
Downside Targets:
0.5930 – initial support
0.5890 and 0.5740 – longer-term bearish targets
An oversold bounce may retest 0.6140, but unless the pair breaks...
NZD/USD maintains a bearish outlook, reinforced by the prevailing downtrend and a confirmed break below the previous consolidation zone.
Key Resistance Level: 0.5680 – previous support turned resistance
Downside Targets:
0.5520 – initial support
0.5460 and 0.5370 – longer-term bearish targets
An oversold bounce may retest 0.5680, but unless the pair breaks...
