Market Sentiment:
The FTSE 100 index maintains a bullish outlook, supported by the long-term uptrend. However, price action is at a key technical level, where market participants will look for confirmation of the next move.
Bullish Scenario:
Key Support: 8709 (20-day moving average, previous consolidation zone, and rising trendline).
A pullback to this level,...
Market Sentiment:
The DAX index maintains a bullish outlook, supported by the long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next move.
Bullish Scenario:
Key Support: 22234 (previous consolidation range, 20-day moving average, and rising trendline).
A bounce from...
The CAC 40 (F40) index maintains a bullish outlook, supported by its long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next directional move unfolds.
Bullish Scenario:
The 8060 level is a key support zone, aligning with the previous consolidation range, 20-day moving...
The Russell 2000 (US2000) index exhibits bearish sentiment as the long-term uptrend is under threat, with price action closing below the psychologically significant 200-day moving average (2209). Since reaching an all-time high on November 25, 2024, the index has started to show weakness, suggesting a potential continuation of its corrective...
The Dow Jones Industrial Average (US30) index maintains a bullish outlook within its long-term uptrend. However, after reaching an all-time high on December 4, 2024, price action has entered a sideways consolidation phase, suggesting indecision in the market.
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Bullish Scenario:
• The 42980 level serves as a critical support...
The Nasdaq 100 (USTec) index maintains a bullish outlook, supported by its long-term uptrend. However, recent price action suggests a corrective pullback following the all-time high, bringing the index to a key technical support zone.
Bullish Scenario:
The 20280 level (200-day moving average) serves as a critical support zone, aligning with the long-term rising...
The S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone.
Bullish Scenario:
The 5918 level serves as a newly...
Silver (XAG/USD) maintains a bullish outlook, supported by the long-term uptrend, characterized by a sequence of higher highs and higher lows. The recent pullback appears to be a corrective move, currently testing a rising trendline support zone, which remains crucial for trend continuation.
Key Technical Levels
Immediate Support: $30.80 (previous consolidation...
Ethereum (ETH/USD) remains in a bearish trend, aligned with the longer-term prevailing downtrend. The price action suggests continued selling pressure, with critical resistance and support levels defining the next move.
Key Technical Levels
Immediate Resistance: $2,490 (previous support, now acting as resistance)
Major Resistance Levels:
$2,634
$2,785
Key...
The recent Bitcoin (BTC) price action suggests a bearish sentiment despite the broader long-term uptrend. The market reached an all-time high of $109,000 on January 20, 2025, before reversing, signalling potential downside risks.
Formation of a Double-Top Reversal Pattern
BTC has formed a double-top pattern, a classic bearish reversal setup.
The critical...
The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 42980, the previous consolidation zone and the rising support trendline. A corrective...
S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25.
The key trading level is at the 5918 level, the consolidation price range and also the previous support is now a newly formed...
The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD) as market expectations for additional Bank of Japan (BoJ) rate hikes gain momentum. This has reinforced a bearish sentiment in the USDJPY currency pair, which remains aligned with the prevailing longer-term downtrend.
From a technical perspective, 152.50 serves as a key resistance level,...
The AUDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 95.45, which is the current swing high, previous support now newly formed resistance. An oversold rally from the current levels and a bearish rejection from the 95.45 level could target the downside support at 94.00...
The U.S. GDP grew by 2.3% annually in Q4, confirming the initial estimate and meeting market expectations. S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25.
The key trading level...
The BRENT Crude (Brent Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7444, 13th and 24th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7444 level could target the downside support at 7245 followed by 7134 and 7050levels over the...
The USDCAD currency pair intraday sentiment appears bullish, supported by the longer-term uptrend.
The key trading level is at 1.4314. An overbought pullback from the current level and a bullish bounce back from the 1.4314 level could target additional upside resistance at 1.4368 followed by the 1.4400 and 1.4430 levels over the longer timeframe.
Alternatively,...
The USDCHF currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation.
The key trading level is at 0.8946, the previous consolidation price range, and the rising support trendline zone. A corrective pullback from the current levels and a bullish...
