LTC/USD shows a bullish price action sentiment, supported by a sustained upward trend. Recent intraday activity indicates sideways consolidation, hinting at potential accumulation before a breakout.
Key Levels:
Support: 840 (primary), followed by 800, 777, and 738
Resistance: 938, with extended targets at 963 and 1000
The 840 level remains the key pivot and...
ETH/USD maintains a bullish sentiment, supported by an ongoing upward trend. However, recent intraday price action shows signs of sideways consolidation, suggesting a pause or potential setup before the next significant move.
Key Levels:
Support: 1,726 (primary), followed by 1,680 and 1,620
Resistance: 1,910, with extended targets at 1,960 and 2,020
The 1,726...
The BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.
Key Levels:
Support: 94,000 (primary), followed by 92,000 and 90,160
Resistance: 99,280, with extended targets at...
Momentum is bullish, but today’s NFP report is a key risk event. A weaker-than-expected jobs number could reinforce rate cut bets and extend the rally. A surprise beat may trigger profit-taking.
Key Support and Resistance Levels
Resistance Level 1: 41200
Resistance Level 2: 42000
Resistance Level 3: 42710
Support Level 1: 39446
Support Level 2:...
The bulls are firmly in control as the S&P 500 heads for its ninth straight daily gain—the longest winning streak since 2004. Optimism is fuelled by:
Expectations of Fed rate cuts due to soft economic data
Hopes for renewed US-China trade talks, easing geopolitical risk
Strong risk appetite, with Bitcoin nearing $100,000 and equity momentum building
Key Risk...
Key Support and Resistance Levels
Resistance Level 1: 3300
Resistance Level 2: 3364
Resistance Level 3: 3405
Support Level 1: 3200
Support Level 2: 3136
Support Level 3: 3095
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...
Gold slipped to the $3,200 area as optimism grew over possible US-China tariff talks, which boosted risk sentiment and pushed the US Dollar to a 3-week high. However, gold’s downside may be limited as traders grow cautious ahead of Friday’s US Nonfarm Payrolls (NFP) report.
Despite USD strength, growing expectations of Fed rate cuts—possibly four by year-end—are...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous...
The FTSE 100 is showing bullish momentum, supported by an ongoing uptrend. Recent price action suggests a breakout above a period of sideways consolidation, indicating strong buying interest.
Key Support: 8454 – This was the previous consolidation zone and now acts as a critical level.
If the index pulls back to 8454 and holds, it may resume the uptrend with...
Friday, May 2
Macro Data to Watch (Market Impact Potential):
US April Jobs Report – Major market mover for USD, equities, and bonds. Sets expectations for Fed policy.
US March Factory Orders – Secondary data; relevant for industrial and manufacturing sectors.
Eurozone April CPI – Key inflation data; potential EUR/USD and ECB rate path influence.
Eurozone March...
The AUDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 92.90 (critical level), 93.84, 94.60, and 95.50
Support Levels: 90.33, 89.79, 88.70
Bearish...
The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with...
The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 192,87 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 192.87 resistance, could lead to a downside move targeting support at 190.15 with...
Key Support and Resistance Levels
Resistance Level 1: 41200
Resistance Level 2: 42000
Resistance Level 3: 42710
Support Level 1: 39446
Support Level 2: 38490
Support Level 3: 37840
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...
Tech Surge Lifts Markets:
Strong earnings from Microsoft (+7.8%) and Meta (+6.2%) are driving early market optimism. Both beat revenue expectations, easing concerns about trade war impacts.
→ S&P 500 futures up over 1%.
Trade Deal Hopes:
Sentiment is boosted by signs that President Trump may soon announce initial trade agreements, reducing geopolitical...
The GBP/CHF currency pair remains under bearish pressure, in line with the broader downtrend. Recent price movement reflects an oversold rally that stalled near a key resistance level at 1.1120, which previously acted as an intraday consolidation zone.
This level now serves as a crucial pivot. If price fails to break above 1.1120 and faces rejection, it could...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance...
