Trend Overview:
The EUR/USD currency pair maintains a bullish sentiment, supported by a sustained rising trend. Recent intraday price action shows a bullish flag breakout, a continuation pattern that typically signals further upside potential.
Key Levels to Watch:
Support:
1.1525 – critical former consolidation zone and breakout base
Below that: 1.1440 and...
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...
Key Economic Data:
US:
Consumer confidence (June)
Regional business activity from Philadelphia Fed and Richmond Fed
House prices (April, FHFA)
Q1 current account balance
Germany:
Ifo business sentiment survey (June)
Canada:
Consumer price inflation (May)
Central Bank Activity:
US Federal Reserve:
Chair Powell testifies before Congress
Other Fed...
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 0.8195, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
Gold price action signals bullish bias, with a recent intraday move higher. The possibility of further geopolitical escalation between the US and Iran could trigger increased demand for gold as a safe haven.
Gold’s price action sentiment remains bullish, underpinned by a well-established rising trend. However, recent intraday movement suggests a corrective...
Geopolitics:
The US launched airstrikes on Iran, raising global tensions. Iran has vowed to retaliate, and Israel isn’t backing down. Trump warned of more action if Iran doesn’t make peace. The US issued a global travel alert, airlines are avoiding the Gulf, and Japanese banks may pull staff from the region. Oil is in focus, especially with tankers avoiding the...
Trend Overview:
The GBPAUD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2.0690 (primary pivot), followed by 2.0600 and 2.0535
Resistance: 2.1056...
Trend Overview:
EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.8510 (primary pivot), followed by 0.8490 and 0.8470
Resistance: 0.8570 (initial), then...
The GBPUSD currency pair maintains a bullish price action structure, supported by the ongoing rising trend. Current intraday movement appears to be a corrective pullback within a consolidation phase, potentially offering a buying opportunity within the broader uptrend.
Key Technical Levels:
Support (Key Trading Level): 1.3380 (prior consolidation...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8695 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8695 would confirm ongoing upside momentum, with potential targets at:
8854 – initial...
Economic Data:
Markets will focus on early June PMI data from the US, UK, Japan, Germany, France, and the Eurozone, giving a snapshot of global economic health. The US May existing home sales report will show how housing is holding up under high mortgage rates.
Central Banks:
Several Fed officials (Waller, Bowman, Goolsbee, Williams, Kugler) will speak—investors...
Key Support and Resistance Levels
Resistance Level 1: 42890
Resistance Level 2: 43540
Resistance Level 3: 43940
Support Level 1: 41800
Support Level 2: 41400
Support Level 3: 41100
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...
Markets & Geopolitics:
Investors are holding back as Trump may try diplomacy before acting against Iran. Oil prices dropped, European stocks rose, and the dollar slipped.
Tensions remain high: Israel hit Iranian missile and nuclear sites, and Iran’s president demanded Israel stop unconditionally. Iran’s foreign minister is in Geneva for talks, and the country is...
Silver – Technical Analysis
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...
Gold’s price action sentiment remains bullish, underpinned by a well-established rising trend. However, recent intraday movement suggests a corrective pullback or short-term consolidation, likely in response to overbought conditions or short-term profit-taking.
Key Technical Levels:
Support:
3,330 – Key short-term support and previous consolidation zone; the...
The Stoxx50 equity index is exhibiting bearish price action sentiment, consistent with the prevailing downtrend. Recent movements show signs of a corrective pullback, suggesting temporary relief within a broader downward structure.
Key Technical Levels:
Resistance:
5,325 – Critical resistance level; previously acted as an intraday consolidation zone.
5,384 –...
Trend Overview:
The FTSE100 equity index remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 8800 (primary pivot), followed by 8760 and 8700
Resistance: 8940 (initial),...
Friday, June 20 – Key Economic Data & Central Bank Events
United States
Philadelphia Fed Business Outlook (June) – Regional manufacturing sentiment indicator.
Leading Economic Index (May) – Composite of 10 leading indicators, used to forecast future economic activity.
China
1-Year & 5-Year Loan Prime Rates – Benchmark lending rates set by the PBoC; key for...
