The Silver price action continues to exhibit a bullish sentiment, underpinned by a prevailing rising trend. However, recent intraday moves indicate a corrective pullback, reflecting short-term consolidation within the broader uptrend.
Key Technical Levels:
Support:
3,500 – Primary support and previous consolidation zone; critical for maintaining bullish...
The Gold remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 3268 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3268 would confirm ongoing upside momentum, with potential targets at:
3345 – initial...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.8600 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.8600 would confirm ongoing upside momentum, with potential targets at:
0.8670 – initial...
The GBPAUD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 2.0800 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 2.0800 would confirm ongoing upside momentum, with potential targets at:
2.1020 – initial...
The GBPUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3544 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3544 would confirm ongoing upside momentum, with potential targets at:
1.3770 – initial...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8740 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8740 would confirm ongoing upside momentum, with potential targets at:
8840 – initial...
Data Highlights:
China Foreign Reserves (June):
China's FX reserves data will be closely watched for signs of capital outflows or PBoC intervention, especially amid ongoing yuan stability efforts and recent volatility in global markets.
Japan Labor Cash Earnings & Economic Indices (May):
Labor cash earnings are a key wage inflation indicator. Any upside surprise...
Key Support: 196.75
This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at:
199.20 – Initial resistance and short-term target
199.70 – Minor resistance zone
200.40 – Longer-term breakout objective
However, a daily close...
The GBPCAD currency pair price action sentiment appears Bullish, supported by the current rising trend. The recent intraday price action seems to be a sideways consolidation breakout.
The key trading level is at the 1.8500 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.8500 level...
Key Support and Resistance Levels
Resistance Level 1: 44680
Resistance Level 2: 44670
Resistance Level 3: 45270
Support Level 1: 43800
Support Level 2: 43550
Support Level 3: 43220
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...
House Republicans moved Trump’s major tax and spending bill closer to a final vote, which could happen before his July 4 deadline. The package includes tax cuts, immigration funding, and the rollback of green energy incentives. Gamblers are raising concerns about a tax increase in the bill that could affect them.
In trade news, the US eased export rules on chip...
The USDJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance zone, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 144.80, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.8600 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.8600 would confirm ongoing upside momentum, with potential targets at:
0.8670 – initial...
The GBPUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.3600
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
Trend Overview:
The DAX index maintains a bullish overall sentiment, supported by a sustained rising trend on the higher timeframes. However, recent intraday price action suggests a corrective pullback and consolidation phase, likely part of a broader continuation pattern.
Key Support and Resistance Levels:
Support:
Initial support: 23,330 – a key previous...
Thursday, July 3 – Market Focus
Key Economic Data:
US:
June Jobs Report – Crucial for gauging labor market momentum and Fed rate expectations.
ISM Services PMI (June) – Offers insight into the largest sector of the economy.
May Trade Balance, Factory Orders, Initial Jobless Claims – Together provide a fuller picture of external demand, industrial health, and...
The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.8045, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The USDCAD currency pair remains in a bearish technical structure, consistent with the prevailing downtrend. Recent price action suggests sideways consolidation, indicating indecision as the pair pauses before its next directional move.
Key Technical Levels:
Resistance:
1.3700 – Key pivot zone; previously acted as intraday resistance.
1.3740 – Minor...
