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 79,000, followed by 76,278 and 74,222.
Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the...
The Consumer Confidence Index, set to be released today at 14:00 GMT by the Conference Board, measures consumer sentiment on spending, jobs, inflation, and the economy. Since consumer spending drives the U.S. economy, a strong reading can signal bullish momentum for equities, while a weak reading may indicate bearish sentiment. Traders watch this data closely for...
The Consumer Confidence Index, set to be released today at 14:00 GMT by the Conference Board, measures consumer sentiment on spending, jobs, inflation, and the economy. Since consumer spending drives the U.S. economy, a strong reading can signal bullish momentum for equities, while a weak reading may indicate bearish sentiment. Traders watch this data closely for...
The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a...
The EUR/CHF currency pair is showing a bullish sentiment, supported by the prevailing long-term uptrend. Recent intraday price action indicates a bullish breakout from a sideways consolidation phase, with the previous resistance now acting as a new support zone.
Key Support and Resistance Levels:
Support Zone: The critical support level to watch is 0.9530,...
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 DAX40 continues to exhibit bullish sentiment, breaking out from a period of sideways consolidation and pushing toward previous resistance and all-time highs (ATH). The prevailing uptrend supports further upside potential, with key resistance levels in focus.
Key Support and Resistance Levels
Resistance Level 1: 23,446
Resistance Level 2: 23,815
Resistance...
Tuesday March 25
Data: US March Conference Board consumer confidence index, Richmond Fed manufacturing index, business conditions, Philadelphia Fed non-manufacturing activity, January FHFA house price index, February new home sales, China 1-yr MLF rate, Japan February PPI services, Germany March Ifo survey, EU27 February new car registrations
Central banks:...
The AUDUSD currency pair is exhibiting bullish sentiment, driven by the prevailing uptrend. The recent intraday price action indicates a corrective pullback towards a previous resistance zone, which has now transformed into new support. This pattern suggests that the pair may be consolidating before resuming its upward momentum.
Key Trading Levels:
Support...
The NZDUSD currency pair is displaying bullish sentiment, underpinned by the prevailing uptrend. The recent intraday price action indicates a corrective pullback toward a previous resistance zone, which has now formed new support. This pattern suggests that the pair is consolidating before potentially resuming its upward momentum.
Key Trading Levels:
Support...
The USD/CHF price action exhibits bearish sentiment, supported by the prevailing downtrend. The current intraday swing high at 0.8860 serves as a critical trading level, as the pair shows potential for an oversold rally before facing bearish rejection.
Key Levels to Watch:
Key Resistance: 0.8860 (current intraday swing high)
Immediate Support: 0.8760
Lower...
S&P500 INTRADAY oversold bounce back capped at 5777
Key Support and Resistance Levels
Resistance Level 1: 5777
Resistance Level 2: 5844
Resistance Level 3: 5872-5920
Support Level 1: 5604
Support Level 2: 5539
Support Level 3: 5500
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular...
Trend Analysis:
Gold price action exhibits a bullish sentiment, underpinned by the prevailing uptrend. The recent intraday movement appears to be a corrective sideways consolidation, suggesting that the bullish momentum remains intact despite short-term profit-taking and consolidation.
Key Level (3000):
The critical trading level to watch is 3000, which marks the...
The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8420, marking the current swing high.
Bearish Scenario:
An oversold rally from current levels, followed by a bearish rejection at 0.8420, would likely target downside support at 0.8353. A break below this level would open the...
The GBPAUD currency pair is showing bullish sentiment, bolstered by the prevailing uptrend. The recent intraday price action suggests a corrective sideways consolidation, indicating a potential pause before resuming the upward movement.
Key Trading Levels:
Support Level: The critical support to monitor is 2.0520, which marks the previous consolidation price...
The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance.
The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from...
The FTSE 100 equity index is exhibiting bullish sentiment, reinforced by the prevailing uptrend. The recent intraday price action appears to be a corrective sideways consolidation, potentially forming a Bullish Flag continuation pattern, which typically precedes a continuation of the upward momentum.
Key Trading Levels:
Support Level: The critical support level...
Monday March 24
Data: US, UK, Japan, Germany, France and the Eurozone flash March PMIs, US February Chicago Fed national activity index
Central banks: Fed’s Bostic and Barr speak, BoJ minutes of the January meeting, ECB’s Holzmann speaks, BoE’s Governor Bailey speaks
Earnings: BYD
This communication is for informational purposes only and should not be viewed...
