Key Support and Resistance Levels
Resistance Level 1: 42488
Resistance Level 2: 43067
Resistance Level 3: 43575
Support Level 1: 40657
Support Level 2: 40109
Support Level 3: 39584
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...
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 WTI Crude Oil price action exhibits a bearish sentiment, driven by the prevailing downtrend. The recent price movement appears to be an oversold bounce back, forming a bearish sideways consolidation pattern. This indicates that the bears remain in control, with limited buying interest observed despite the temporary upward correction.
Key Level (69.52):
The...
Current Trend: Bullish (Long-term Uptrend)
Pattern Formation: Expanding Triangle (Sideways Consolidation)
Key Support Level: 5283
Key Resistance Levels: 5470, 5527, 5570
Bullish Scenario:
The STOXX 50 remains within a long-term uptrend, with recent price action consolidating in an expanding triangle pattern.
A pullback from current levels could find support at...
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...
Friday March 21
Data: UK March GfK consumer confidence, February public finances, France March manufacturing confidence, February retail sales, Italy January current account balance, ECB January current account, Eurozone March consumer confidence, Canada January retail sales
Central banks: Fed’s Williams speaks, ECB’s Escriva speaks
Earnings : Meituan,...
Key Trading Level: 94.70
Bearish Scenario:
The overall sentiment remains bearish, aligned with the longer-term prevailing downtrend. Recent price action suggests a sideways consolidation, indicating potential continuation of the downtrend. A bearish rejection from 94.70 could reinforce selling pressure, targeting 92.33 as the first support level, with further...
The GBP/CAD currency pair maintains a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a corrective pullback toward the previous consolidation zone and the support trendline area.
Bullish Scenario:
The key trading level to monitor is 1.8470, which represents the previous consolidation range. A successful bullish bounce...
The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action indicates a corrective pullback toward the previous consolidation zone and the rising trendline support area.
Bullish Scenario:
The key trading level to watch is 191.40, which represents the previous consolidation range. A successful bullish...
Key Support and Resistance Levels
Resistance Level 1: 2081
Resistance Level 2: 2100
Resistance Level 3: 2124
Support Level 1: 1982
Support Level 2: 1940
Support Level 3: 1896
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...
Key Support and Resistance Levels
Resistance Level 1: 19972
Resistance Level 2: 20127
Resistance Level 3: 20658
Support Level 1: 19124
Support Level 2: 18732
Support Level 3: 18100
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...
The GBP/CHF currency pair shows a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action indicates a bounce back from the rising trendline support zone.
Bullish Scenario:
The key trading level to watch is 1.1366, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish bounce, would...
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 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 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from...
The FTSE 100 index could see some volatility today as the Bank of England’s Monetary Policy Committee (MPC) meeting is set for 12:00 London time. The central bank is expected to keep the benchmark rate at 4.50%. Earlier today, UK jobs data showed the ILO Unemployment Rate remained steady at 4.4% for the three months to January.
The FTSE 100 index is currently...
Thursday March 20
Data: US Q4 current account balance, March Philadelphia Fed business outlook, February leading index, existing home sales, initial jobless claims, China 1-yr and 5-yr loan prime rates, UK January average weekly earnings, unemployment rate, February jobless claims change, Japan February national CPI, Germany February PPI, Eurozone January...
The USDJPY currency pair remains bearish, following the prevailing downtrend. Recent price action shows resistance at the 150.60 level, which marks the current intraday swing high.
Key Levels:
Resistance: The critical resistance level to watch is 150.60. A rally to this level followed by a bearish rejection could signal further downside momentum.
Support: On the...
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...
