European Shares Gain as DAX Holds Bullish Momentum Ahead of CPIEuropean Shares Rise, Led by Tech and Resources Sectors
European shares opened higher on Wednesday, with gains driven by the tech and basic resources sectors, as investors await a key U.S. inflation report for insights into the Federal Reserve’s upcoming interest rate decision.
The DAX remains in a bullish momentum zone as long as it trades above 18,180, with potential targets at 18,520 and, beyond that, 18,645. The trend is expected to remain bullish ahead of the inflation data, and if the data aligns with expectations, this momentum is likely to strengthen.
However, a break below 18,180 could signal a downturn, with the price potentially falling towards 17,960.
Key Levels:
Pivot Point: 18300
Resistance Levels: 18520, 18640, 18780
Support Levels: 18180, 17970, 17740
Expected Range: 18180 - 18780
Trend: Bullish as long as the price stays above 18,290 and 18,180.
Srosh
GOLD 4H (it looks bullish while above 1930)GOLD
technically still has a bullish trend while above 1930 but to conform bullishly should stable 1930 to touch 1953 gradually
so now will try to touch 1930 and then will start a bullish trend
but if breaks above 1930 by closing 4h then will drop to get 1921
pivot price: 1930
Resistance Price: 1942 & 1953 & 1973
Support price: 1921 & 1911 & 1900
The movement range will be between 1930 and 1953
tendency bullish
DOWJONES (Critical movement)US30
last week was positive for DowJones and raised 2.25%
so this week will move inside the circle which means will try to touch 34580 also and then will drop to reach 34260
however this week NFP will affect the market on Thursday and Friday
and generally, 34170 is a strong support for this week and 34580 is a strong resistance
pivot price: 34260
support price: 34170 & 34040 & 33950
resistance price: 34350 & 34465 & 34650
The movement range is between 34170 and 34580
GOLD 4H (Will try to reach 1920)GOLD
GOLD will try to reach 1920 because can be stabilized under the daily resistance it was in 1931 it will touch 1920 and 1911
So it moves between 1920 and 1931 until breaking to one side,
If he can settle above 1937 by closing the 4h candle then will touch 1947 and 1953
pivot price: 1931
support price: 1920 & 1911 & 1900
resistance price: 1941 & 1953 & 1965
the movement range for today will be between 1920 and 1931
tendency: bearish
GBPUSD (Will be bullish)GBPUSD
the price reversed to the bullish trend due to the strong support zone we have at the 1.2720
so from there will support the rising to get 1.2800 and above it 1.2841
otherwise, stabilizing under 1.2690 will be bearish to reach 1.2655 and under it will drop to get 1.2600 that will support the falling to reach 1.2655 and under it will be 1.2600
pivot price: 1.2722
resistance prices: 1.2780 & 1.2840 & 1.2990
support price: 1.2656 & 1.2600 & 1.2535
the movement will be between 1.2721 and 1.2800
Tendency: bullish
SPx 4h (it looks bearish under 4358)SPx
the price can stable in a negative direction because already stabilized under 4358
so now will do a retest till 4358 and then will drop to reach 4309 and then should break that to get 4278 also.
the price will start dropping as long as trades under 4358 to reach 4309 and 4278 for this week
however, if the price reversed and stabilized above 4365 then will support the rising to reach 4391 and 4424
Pivot Price 4358
Support prices: 4338 & 4309 & 4278
Resistance prices: 4391 & 4424 & 4441
The moving range for today is between 4358 and 4309
tendency: Bearish
GBPUSD 4H (will try to touch 1.2656)GBPUSD
GBPUSD can stable at the negative zone for today after the negative result for Manufacturing PMI
so that will support the falling to reach 1.2655 and under it will be 1.2600
but if reversed and breaks the trend line about 1.2764 then will touch 1.2800 and above it 1.2841
pivot price: 1.2735
resistance prices: 1.2780 & 1.2800 & 1.2841
support price: 1.2656 & 1.2600 & 1.2535
the movement will be between 1.2731 and 1.2655
Tendency: bearish
US30 4H (sensitive movement )US30
DowJones still trying to stable at their negative trend for today
so as long as under 34090 the price will drop to touch 33830 and 33670
however, under 33820 will be bearish to touch 33510
but stabilizing above 34100 will touch 34250
pivot price: 33820
support price: 33675 & 33510 & 33330
resistance price: 33960 & 34050 & 34170
The movement range is between 33950 and 33820
Tendency: Volatility
USNAS100 4H (Decline to 14820)USNAS100
The price is moving between 15100 and 14820 for today till a sideways break, but it seems to be bearish as there is still downward pressure The main condition for a downside is breaking 14820 to touch 14600 and 14430 respectively
But stabilizing above 15100 then it will be an uptrend to reach 15260 and 15390 respectively
pivot price: 15060
resistance price: 15260 & 15390 & 15550
support price: 14820 & 14645 & 14430
Moving ranges 15100 and 14820 for today
tendency: bearish decline
BTCUSD 1D (survived!!!) BTCUSD
as we said in the previous idea Bitcoin will push up
As long as the price trades above 20325, it will try to get 21560 and 22495 and if it breaks that, it will get its last resistance which is 24485
the price when touching its resistance than will do the retest for the previous support
to be a free bullish trend should break 24500 and close at least 1d candle above it
so now the movement range will be between 20330 and 21570 till breaking by closing 4h candle
pivot price: 20330
support price: 21570 & 22450 & 24490
resistance price: 19320 & 18475 & 17230
US FEDERAL interest rate, ImpactionsThe Federal Reserve announces it frankly. We don't know if raising the interest rate will lead to an economic recession, and this is the only way to stop inflation!
The probability of a recession is 99.9%,
-According to the Head of Fixed Income in the Fund Management Division at Bank of Montreal, BMO.
- Bank of Montreal this month, expected inflation to be 8.3%, and in fact, the inflation data came out the same as its prediction.
The US Federal Reserve is the most tight-lipped among central banks and the preference for the dollar
🛑 Gold prices continue to decline with the rise of the dollar and expectations that the Federal Reserve will continue to raise interest rates.
Powell: How much pain depends on the timeline for the 2% inflation target
P owell: In the housing market, we have to undergo a correction to return to normal price growth
Inflation forecasts according to the Federal Reserve:
2022: 5.4%
2023: 2.8%
2024: 2.3%
2025: 2.0%
best regards
[/b ]Srosh Mayi
USNAS100 4H (downtrend under 13295)USNAS100
The price is broken at 13295 by a four-hour candle so now the direction is bearish till 13190 and then if can breaks 13190 then will reach 13080
and under 13080 will be bearish till the red zone 12900
but if tonight after closing the market reverse to the 13360 and above it, it means will try to stable in the bullish zone
pivot zone: (13290 - 13360)
resistance price: 13520 & 13680 & 13750
support price: 13190 & 13080 & 12900
US30 4H (Near to break support line 32400) US30
After reaching the resistance zone
then rejected and now will try to reach 32397
then if breaks 32397 and stabilized under it by one hour candle then will drop till 32090
EURUSD 12h (Uptrend channel) EURUSD 4H
after failing broke 1.00930 and rejected to upward above 1.01660, the direction still is an uptrend, it tries to reach above 1.0268 so closing one hour candle above it then will reach 1.0345 uppers of the channel
but in another case, under 1.00930 will be a bearish zone till 1.0014 & 0.9960
US30 4H (Sensitive zone between 32586 and 32510) US30
now the price in the supply and demand zone between (32586 - 32510)
if close one hour or 30 min candle above 32590 then will touch 32680, then if break 32680 will try to reach 32900
But if break 32510 by 30 min then will touch 32400,
then 32400 is a strong support line it is possible to reverse again, but if you see breaking under 32400 then will drop till 32200 & 32080
timeframe 4H & 1H & 30min
USNAS100 1D (Bullish zone) USNAS100 (1D)
the performance of the USNA100 for this week
the price can be stable above 12900 (strong resistance)
so now will try to reach 13190 first station and then will try to reach 13500 if break 13190 also
but if reverse by one day to down under 12900 then will reach 12560
US30 2H (Resistance zone ) US30
now the price of US30 is between 32520 & 32660
if the price break 32520 then will try to reach 32350 gradually
and by breaking 32660 will start Uptrend zone to reach 32840 & 32980 & 33180
by the closing 4H or 2H candle
the overall trend is bullish