Market indices
Forex Weekly Round-Up: DXY, GBPUSD, EURUSDKey Price Zones (DXY): 97.422 - 97.685
🟦 DXY (Dollar Index):
On paper, USD had a strong week:
🔹 Durable Goods smashed expectations (+8.6% vs 0.5%)
🔹 PMIs, GDP Price Index, and Jobless Claims came in solid
But the market ignored it:
🔻 Consumer Confidence disappointed (93.0 vs 99.4)
🏠 New Home Sales missed
🕊️ Fed Chair Powell stayed soft — no aggressive tightening talk
Result?
Despite strong fundamentals, DXY broke down, sweeping daily lows and printing fresh bearish structure.
It’s now down ~10% YTD — the worst first half in over 50 years.
📈 EURUSD & GBPUSD: Holding Strong Despite Weak Data
EURUSD
German Retail Sales: –1.6%
Import Prices: –0.7%
ECB tone: muted
Still, EURUSD held daily support and gained — thanks to broad USD weakness.
GBPUSD
Current Account widened (–£23.5B), GDP unchanged
No standout UK catalyst
Yet GBPUSD held its ground and edged higher as DXY continued to fall.
🧠 What This Tells Us
Strong data isn’t always enough.
When price action, market sentiment, and liquidity targets align — they override the numbers.
BankNifty levels - Jul 11, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
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Nifty levels - Jul 11, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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Wishing you success in your trading activities!
KOG - DAXDAX:
Let’s have a quick look at DAX and apply the red boxes to the 4H Chart. We have our bullish above indication which if supported, should give us a move into the 23,400 region initially. That’s the level that will need to break to go higher with our ideal target level being above at the 24,6-700 region before a potential RIP.
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As always, trade safe.
KOG
DAX pause at the ATH The DAX remains in a bullish trend, with recent price action showing signs of a resistance breakout within the broader uptrend.
Support Zone: 24335 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 24335 would confirm ongoing upside momentum, with potential targets at:
24800 – initial resistance
24900 – psychological and structural level
25000 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 24335 would weaken the bullish outlook and suggest deeper downside risk toward:
24175 – minor support
24090 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the DAX holds above 24335. A sustained break below this level could shift momentum to the downside in the short term.
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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30 Market Update – 07/10/2025
📍 US30 Market Update – 07/10/2025
The bounce attempt failed and sellers are still in control 🐻
Price attempted a reclaim above 44,511 but got rejected again and is now consolidating beneath the EMAs 🚨
📊 What We’re Seeing:
Lower highs forming below 44,600
Rejection wicks near EMA levels (bearish pressure)
EMA ribbon is now resistance zone (20 EMA < 50 EMA)
Key intraday support held at 44,220, but barely
🔑 Key Levels to Watch:
🔼 Resistance: 44,511 → critical for bulls to flip
🔽 Support: 44,220, if broken → next is 44,000
💡 Trade Setup Ideas:
🔻 Short Setup (Main Bias):
Wait for rejection near 44,450–44,500
Entry trigger: Bearish engulfing or shooting star
Targets: 44,250 → 44,000
SL: Above 44,600
🔹 Long Setup (If Bulls Step In):
Must reclaim and close above 44,600 on 1H
Look for strong bullish candle with follow-through
Targets: 44,800 retest
SL: Below 44,400
Dow Jones Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 44,450 zone. Dow Jones is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 44,450 support and resistance area.
Trade safe, Joe.
Russell 2000 H4 | Falling toward a swing-low supportThe Russell 2000 (US2000) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 2,210.84 which is a swing-low support.
Stop loss is at 2,155.00 which is a level that lies underneath an overlap support and the 50% Fibonacci retracement.
Take profit is at 2,278.39 which is a resistance that aligns with the 127.2% Fibonacci extension.
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Levels for Nifty - 10 July 2025As the market was in the range of 25548-25425 i.e. traded within the support and resistance, one can plan long/ short:
1. Long once 25560 is broken for target of 25580 and second target of 25610.
2. Short only after the strong support zone of 25415 is broken for target of 25370 and second target of 25336. Do keep in mind of the trendline which will act as support
3. No trading zone with be todays range of 25548-25425
Almost There: Nifty Closing in on My Target Zone 25340In this update, I’m revisiting the setup I shared earlier that points towards NIFTY’s next potential target at 25,340. The analysis covers the key levels, price action structure, and the factors supporting this move. This setup is based on clear technical confirmations and disciplined risk management — not just speculation.
Please remember to follow your own plan and manage your trades responsibly. This is for educational purposes and not financial advice. Let’s see how the price action unfolds!
Bearish Outlook on Nifty – Based on Smart Money ConceptI'm seeing a clear downside setup on Nifty, with Smart Money indicating distribution and the market transitioning into a bearish trend.
📉 Target: 25,340
📍 Current Price: 25,474
🔍 Reasoning: Clear signs of institutional distribution and lower highs/lows forming. Smart Money is exiting, suggesting the beginning of a deeper correction.
Will monitor closely for any change in structure, but as of now, bias remains strongly bearish.
DAX (Ger40): Defying Global TensionsDespite all this tariff drama, the DAX hit another record high. What gives? Markets seem to be betting that Trump enjoys the threat of tariffs more than the implementation. Some traders are pricing in yet another extension beyond the August 1 deadline.
The DAX is riding momentum from both global AI enthusiasm, thanks to Nvidia’s $4 trillion market cap milestone, and the assumption that European exporters might dodge the worst of Trump’s trade penalties, at least for now. However, this rally is precarious. If a tariff letter hits Brussels, or copper tariffs ripple into industrial demand expectations, we could see a swift correction.
Technically, near term resistance is sitting around. 24,700. However as stated, should sentiment change. A correction back down, to the support level at 24,200, which also aligns with the 50 Fibonacci retracement level, could be on the cards. Or even all the way down to 23,800, aligning with the 88% Fibonacci level.
Sp500S&P 500 (SPX) Technical Update:
Closing Price: 5648.39 (as of last week’s close)
Outlook: The SPX appears poised for a potential rally, with immediate resistance levels identified at 5700.00, 5800.00, and 6000.00. Based on current technical indicators and market conditions, a continuation of the bullish trend to the 5800.00 level within the next month seems plausible.
Technical Indicators Supporting a Bullish Move:
Moving Averages: The SPX is currently trading above its 50-day and 200-day moving averages, indicating a strong bullish trend. The positive crossover between these moving averages often signals sustained upward momentum.
Relative Strength Index (RSI): The RSI is currently positioned in the bullish zone (above 50) and has not yet reached overbought conditions. This suggests that there is room for further upside before any potential reversal.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and the histogram is in positive territory. This indicates that the momentum is favorable and supports the possibility of further gains.
Volume: Recent upward movements have been accompanied by increasing trading volume, which validates the strength of the rally and suggests that buying interest remains robust.
Summary: Given the strong technical indicators and the current market environment, the SPX is well-positioned to advance towards the 5800.00 level over the next month. Current buying opportunities appear favorable for potentially significant gains.
SPX500SPX500: Bullish Momentum Builds – 6500 in Sight?
📍 Current Price: 5977.00
📈 Bias: Strongly Bullish
🎯 Target: 6500+
📉 Invalidation Level: 5850 (Short-term support)
📊 Technical Outlook:
The SPX500 continues to show strong bullish momentum as it trades at all-time highs near 5977.00. With persistent buying pressure and supportive macro tailwinds, the index looks poised for further upside.
Key observations:
✅ Price Action: Clean breakout and consolidation above recent highs. No signs of exhaustion yet.
📈 Trend: Clearly up across all major timeframes (Daily, 4H, 1H).
🧠 Psychological Level: 6000 is within reach, and a break above could open the path toward 6500 as the next major round number and Fibonacci extension level.
💡 Market Sentiment: Risk-on tone prevails; tech and mega caps continue to lead.
🔍 Support & Resistance Levels:
Resistance: 6000 → 6150 → 6500
Support: 5900 → 5850 → 5735
⚠️ Risk Management:
While the setup remains bullish, traders should watch for:
Surprise macro headlines (Fed speeches, inflation data, geopolitical risks)
Pullbacks toward support for potential re-entries
📝 Conclusion:
SPX500 remains in a powerful uptrend. As long as price holds above key short-term support at 5850, bulls retain full control. A breakout above 6000 could trigger a fresh wave of institutional buying, driving price toward 6500 in the coming weeks.
📢 Let me know your thoughts — are we heading for 6500 next?
👍 Like & follow for more real-time market insights!
#Nifty directions and levels for July 10th:Good morning, Friends! 🌞
Here are the market directions and levels for July 10th:
The global market has a moderately bearish sentiment, while our local market is showing a moderately bullish sentiment.
Meanwhile, Gift Nifty is indicating a neutral to slightly gap-down start.
So, what can we expect today?
Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
#Banknifty directions and levels for July 10th:Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
#SENSEX Intraday Support and Resistance Levels - 10/07/2025Sensex is expected to open flat today, continuing the consolidation observed in the past few sessions. The price action remains range-bound with key support near 83400 and resistance around 83600 levels.
Currently, Sensex is hovering near its critical range with buyers and sellers struggling for control. A breakout above the 83500–83600 zone may trigger fresh bullish momentum with targets at 83800, 83950, and 84100+. Sustained movement above 84100 could signal a stronger trend reversal.
On the downside, a breakdown below the 83400 level could lead to weakness, with immediate targets at 83050, 82900, and 82800-.