SroshMayi

SroshMayi Updated 

BTCUSD The BTC/USD chart indicates a potential upward movement if the price breaks through the pivot zone around 60000. The next key resistance area to target is 64,905. If Bitcoin successfully surpasses this level, it may aim for higher targets around the second resistance area (70,000). However, if Bitcoin fails to break above the pivot zone and faces...

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Nasdaq Technical Analysis: The price has reached our previous target of 20,350 and reversed back to its support of 20080. Currently, the price needs to break below 20,080 to target 19,900, with a potential further decline to 19,690. On the other hand, if the price stabilizes above 20,080, it could aim for 20,350 and 20,540. Key Levels: Pivot Point:...

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Dow Jones Technical Outlook: The price should break 42290 to start a bullish trend till 42800, Otherwise, as long as trades under 42290 and 42210 will be a bearish trend toward 41960 and 41775 Key Levels: Pivot Point: 42290 Resistance Levels: 42450, 42700, 43040 Support Levels: 42080, 41960, 41770 Trend Outlook: Bearish as long as trades under 42290 Bullish by...

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U.S. stock index futures slipped on Friday as investors remained cautious ahead of a crucial inflation report, which could influence expectations regarding the size of upcoming Federal Reserve interest rate cuts. The S&P 500 has reversed from its all-time high (ATH) and reached the support level of 5,732. The price is expected to consolidate between 5,784 and...

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Gold Technical Analysis – 25 September 2024 Gold Futures Set New Record as Market Eyes Upcoming U.S. Data The precious metal continues to enjoy support on expectations of lower U.S. interest rates, which have dented the dollar and softened treasury yields, a boon for non-interest-yielding assets like gold Technically: the price remains in a bullish trend as...

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Crude Oil Prices Recover Amid Escalating Middle Eastern Conflict, Weak Chinese Demand Caps Gains Crude oil prices have found support following a larger-than-expected U.S. interest rate cut, and further escalation of the Middle Eastern conflict could drive prices higher. However, weak demand from China continues to limit potential gains. Technical Outlook: As...

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GOLD Technically: The price reached our target perfectly about 30$, the price remains bullish as long as it trades above 2680 to get 2699, there is also a retest till 2670. stability under 2670 will support the price to get 2657 Key Levels: Pivot Point: 2680 Resistance Lines: 2690, 2699, 2710 Support Lines: 2670, 2657, 2648 Trend: Bullish while above...

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S&P 500 Closes at Record Highs The S&P 500 closed at all-time highs, as we mentioned previously, Technically: The price will be consolidating between 5784 and 5732 till breaking, The bullish trend will continue towards another ATH at 5890 by breaking of 5784, However, a bearish trend will be confirmed if the price breaks below 5732 to get 5675. Key...

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BASF Jumps 5% on Agri-Chemicals Listing News; DAX Remains in Bullish Zone Shares of German chemical giant BASF (BAS) surged 5% following a Bloomberg report indicating plans to list its Agri-Chemicals business as part of a broader corporate overhaul. While the listing is projected to occur in several years, the official announcement is expected during the...

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Technical Analysis: Dow Closes at Record Highs Technical Outlook: As long as trades above 42210, there is a bullish trend toward 42500 and 42810. However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565. Key Levels: Pivot Point: 42210 -...

SroshMayi Updated 

S&P 500 Closes at Record Highs The S&P 500 index closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions. Technically: The S&P 500 has reached the bullish target we previously identified, Now The bullish trend will continue towards another ATH, provided...

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Gold Technical Analysis – 24 September 2024 Gold Holds Steady; Overbought Conditions Emerge After Fresh Record High Gold continues to exhibit a bullish trend, but a potential correction may occur, with retests expected at the $2,650 and $2,680 levels. A retest remains likely as long as the price stays below $2,634, targeting $2,625 and $2,615. A break below this...

SroshMayi Updated 

Dow Closes at Record Highs The Dow Jones closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions. Technical Outlook: Stability above 42,210 would signal that the Dow Jones is in a bullish zone, with potential targets of 42,500 and 42,810. However, a 4-hour...

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Gold Technical Analysis – 23 September 2024 Gold price Slip But remains close to Record Levels on Fed Policy Easing As long as the price remains below $2,629, it is likely to test $2,615 and $2,605. In general, stability below $2,615 would signal a bearish move towards $2,588. Conversely, a sustained position above $2,630 would confirm a bullish trend targeting...

SroshMayi Updated 

US30 Technical Analysis: As previously noted, the price touched 42,030 and stabilized above it as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565 by the condition closing 4h candle below that. However, stability above 42,030 would support a gradual bullish move towards 42250...

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Investors Focus on Economic Data and Fed Speeches On Monday, investors will be closely monitoring key economic data from the service and manufacturing sectors. Additionally, speeches from Atlanta Fed President Raphael Bostic, Chicago Fed President Austan Goolsbee, and Minneapolis Fed President Neel Kashkari will be watched for clues on the Federal Reserve's next...

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As Fed Rate Cuts Loom, U.S. Economic Health May Determine Market Trajectory The performance of stocks, bonds, and the dollar following the Federal Reserve's anticipated rate-cutting cycle could hinge significantly on the health of the U.S. economy. The Fed is poised to commence a series of rate cuts on Wednesday, having previously raised borrowing costs to their...

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Gold Technical Analysis – 19th September 2024 Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend. Currently, a retest of the...