EUR/USD Technical Analysis
Trend Overview:
EUR/USD continues to exhibit bullish price action, supported by a rising trend structure. The recent intraday movement shows signs of sideways consolidation, suggesting a potential continuation pattern rather than reversal.
Key Support Level:
1.1520 – Marks the lower boundary of the previous consolidation range and...
Trend Overview:
The DAX equity index remains in a bearish trend, with recent price action forming a corrective pullback within that prevailing structure.
Key Resistance Level:
23690: This level marks a significant previous intraday consolidation zone and acts as a key resistance barrier.
A rally into this zone is likely to face selling pressure unless buyers...
Trend Overview:
The NZDUSD 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: 0.6000 (primary pivot), followed by 0.5985 and 0.5950
Resistance: 0.6100...
Trend Overview:
The AUDUSD 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: 0.6465 (primary pivot), followed by 0.6445 and 0.6400
Resistance: 0.6570...
The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a corrective pullback, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.8166, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection...
The Israel-Iran conflict has now entered its fourth day, with no signs of de-escalation. Iran launched more missile attacks, while Israel struck back, targeting a major gas field and a key military figure. Notably, Israeli strikes damaged Iran’s uranium facility in Isfahan, and an Iranian missile caused minor damage near the U.S. consulate in Tel Aviv.
While...
Gold (XAU/USD) is trading lower during the first half of the European session, ending a three-day winning streak that had pushed it near a two-month high earlier on Monday. A stronger performance in equity markets is reducing demand for safe-haven assets like gold.
However, losses are limited due to a few key factors:
Ongoing Middle East tensions are keeping...
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: 0.8490 (primary pivot), followed by 0.8470 and 0.8450
Resistance: 0.8550 (initial), then...
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...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3500
This level aligns with a previous consolidation zone and is acting as a...
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),...
Key Data Releases:
US Empire Manufacturing Index (June): Snapshot of NY manufacturing. May impact USD and Treasuries.
China (May): Retail sales, industrial production, home prices, and property investment – critical for global growth sentiment. Impacts commodities, AUD, and risk appetite.
Eurozone Q1 Labour Costs: Monitored by ECB for wage inflation. Affects...
Trend Overview:
Bitcoin BTCUSD 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: 103,800 (primary pivot), followed by 102,260 and 100,900
Resistance: 107.300...
Key Support and Resistance Levels
Resistance Level 1: 43192
Resistance Level 2: 43620
Resistance Level 3: 44290
Support Level 1: 42100
Support Level 2: 41420
Support Level 3: 40990
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 Rattled After Israel Strikes Iran
Israel launched major airstrikes on Iran, targeting nuclear and missile sites, as well as top military leaders. The move sharply escalates tensions in the Middle East and came despite warnings from former President Donald Trump, who was told of the attack only shortly beforehand. He later warned Iran that future strikes...
Key Support and Resistance Levels
Resistance Level 1: 3723
Resistance Level 2: 3787
Resistance Level 3: 3847
Support Level 1: 3507
Support Level 2: 3448
Support Level 3: 3386
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...
1. Flight to Safety Supports Gold
Ongoing geopolitical risks — whether from Middle East tensions, rising friction in Asia, or persistent uncertainty in Eastern Europe — are keeping investors on edge. In times of heightened risk aversion, gold remains a go-to asset for capital preservation. This "flight to safety" theme has been a key pillar of support for gold's...
