The GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range.
The key trading level is at 1.1425, the current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.12900 followed by 1.1245 and...
The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 191.16. An oversold rally from the current levels and a bearish rejection from the 191.16 level could target the downside support at 188.90 followed by 187.12 and 185.60 levels over the longer timeframe.
Alternatively, a confirmed...
The FTSE (UK100) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend.
The key trading level is at 8675, the “bull flag” breakout level. A corrective pullback from the current levels and a bullish bounce back from the 8675 level could target the upside resistance at 8790 followed by the 8854 and 8920 levels over the longer...
Thursday Feubrary 27
Data: US January durable goods orders, pending home sales, February Kansas City Fed manufacturing activity, initial jobless claims, Japan February Tokyo CPI, January retail sales, industrial production, France February PPI, Italy February consumer confidence index, manufacturing confidence, economic sentiment, December industrial sales,...
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,...
Nvidia's upcoming earnings report, set for release after the US market close, remains a key event for traders, given its broader implications for the AI and semiconductor sectors. Since DeepSeek's January announcement, which suggested that AI development may not require significant investments in computing power and infrastructure—areas where Nvidia has a dominant...
The USDCAD currency pair intraday sentiment appears bullish, supported by the longer-term uptrend.
The key trading level is at 1.4315. 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 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...
EIA Crude Oil Inventories due in 3 hours, (15.30 GMT). A forecast is for 2.4M, the previous figure was 4.63M. The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7060, the 13th February swing low level. An oversold rally from the current levels and a bearish...
The GBPCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 1.8100 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back...
The EURCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 1.0530 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back...
The EURJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 158.50, the 03rd February swing low level and falling resistance trendline zone. An oversold rally from the current levels and a bearish rejection from the 158.50 level could target the downside support at 155.73 followed by 154.74 and...
The CAC (F40) equity index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 8060 level, the previous consolidation price range and also the rising support trendline zone. A...
Wednesday February 26
Data: US January new home sales, Germany March GfK consumer confidence, France February consumer confidence, Australia January CPI
Central banks: Fed's Barkin and Bostic speak, BoE's Dhingra speaks
Earnings: Nvidia, Salesforce, Deutsche Telekom, TJX, AB InBev, Synopsys, CRH, Snowflake, Stellantis, E.ON, Novonesis, TKO, Paramount...
The LTCUSD price action sentiment appears neutral, supported by the longer-term sideways trading range.
The key trading level is at 1,286. An oversold rally from the current levels and a bearish rejection from the 1,286 level could target the downside support at 1,174 followed by the 1,086 and 973.6 levels over the longer timeframe.
Alternatively, a confirmed...
The Ethereum (ETHUSD) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 2,690, the previous support level. An oversold rally from the current levels and a bearish rejection from the 2,690 level could target the downside support at 2,450 followed by 2,340 and 2,190 levels over the longer...
The Bitcoin (BTC) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to an all-time high of 109,000 on 20th January 2025, the BTC price action is starting to display some signs of bearish behaviour by potentially forming a double-top reversal pattern.
The key trading level is at the “Neckline” 91,900...
The NSDQ (USTec) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback after reaching the all-time high.
The key trading level is at 21230 level, the consolidation price range and also the support trendline zone. A corrective pullback from the...
