SroshMayi

SroshMayi

S&P 500 Technical Analysis: The price pushed up about 3% as we mentioned and still running to get 5673 ATH by breaking of 5616. So now it's possible to do a retest till 5573 and then push up to break 5616, otherwise stability above 5616 will support rising to get ATH Key Levels: Pivot Point: 5616 Resistance Levels: 5640, 5672, 5700 Support Levels: 5573,...

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Nasdaq Technical Analysis The price has stabilized above 19220, setting up a potential move toward 19380 and 19625. If this level is breached, the price could advance further to 19880. Conversely, a break below 19210 would signal a bearish trend toward 18930. Key Levels: Pivot Point: 19220 Resistance Levels: 19380, 19625, 19880 Support Levels: 19040, 18930,...

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Futures Edge Higher Ahead of Jobless Claims Data The price rebounded after touching its support zone around 40,000, then gaining approximately 900 points. Currently, it is likely to test 41,030 before potentially reversing toward 40,670, as the market is consolidating between these levels. However, sustained trading above 41,030 would favor a bullish...

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Gold Technical Analysis - 12 Sep. 2024 Gold is currently consolidating between the 2516 and 2526 levels, awaiting a decisive break. To establish a bullish trend, gold must stabilize above 2526, potentially advancing towards 2543 and 2557. On the contrary, a stable move below 2516 would favor a bearish shift, with the price likely declining to 2500 and...

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Nasdaq Technical Analysis U.S. futures remain steady ahead of the highly anticipated CPI report, which is expected to significantly impact market direction. Projections suggest the CPI will come in around 2.5%, signaling a weaker USD and likely driving indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements may become...

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GBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below...

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Technical Analysis DAX The price remains within a bearish zone as long as it trades below 18,520, with potential targets at 18,290 and, below that, 18,180. Ahead of the inflation data, the trend is expected to remain bearish. However, during the release of inflation data, a reversal to a bullish direction is possible due to potential rate cuts. Stabilization...

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S&P 500 Technical Analysis with Inflation Data: U.S. futures remain steady ahead of the highly anticipated CPI report. The market is expected to be highly sensitive to the results. Current projections suggest the CPI will be around 2.5%, which would signal a weakening USD, potentially driving indices into a strong bullish trend. However, if the CPI comes in above...

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U.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish Trend U.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong...

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USD/JPY Maintains Bearish Trend Ahead of CPI Release The overall trend remains bearish as long as the price stays below 142.100, with downside targets at 140.300 and potentially 138.470. A corrective move toward the pivot line at 142.100 is possible before the bearish trend resumes. However, if the price stabilizes above 142.100 with a 4-hour candle close, a...

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Gold Technical Analysis - 11 Sep. 2024: Gold Poised for Bullish Move Amid CPI Expectations and Softer U.S. Dollar Gold has reached the previously mentioned target of 2526, moving up from 2500. For today, market volatility is expected, but the outlook leans bullish if the CPI comes in at 2.5% or lower, which could drive the price higher toward 2543 and 2557....

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Oil Prices Edge Higher on U.S. Crude Stock Decline and Potential OPEC+ Supply Hike Delay Oil prices firmed on Thursday, recovering slightly from multi-month lows amid speculation of a potential delay in OPEC+ output increases and a decline in U.S. crude inventories. However, lingering demand concerns continued to limit the gains. Technical Outlook: The bearish...

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US Equity Investors to Focus on Inflation Tomorrow to Guage Depth of Potential Fed Rate Cuts US equity investors will focus on the consumer and wholesale price inflation data this week to assess the extent of forthcoming interest-rate cuts in September. The Dow Jones is attempting to correct down to 40,670 before potentially pushing upward again towards 41,030....

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S&P 500 Technical Analysis: The price is currently trading above the pivot line of 5453, with potential Uptrend targets of 5491 and 5526. However, the price remains in a consolidation phase between 5453 and 5491 until a breakout occurs. A sustained move above 5491 would likely support a rise towards 5526 and potentially 5573. Conversely, maintaining a position...

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ETH/USD Technical Analysis Current Outlook: The price of Ethereum (ETH/USD) is trading just below the pivot line at $2,374, showing bearish momentum. The current setup suggests that a downtrend is more likely, with the price failing to break above key resistance levels. Best Scenario: The downtrend scenario appears to be the best, as the price is trending below...

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EUR/USD Technical Analysis Current Outlook: EUR/USD is currently consolidating near the pivot line of 1.1000. The price has shown signs of holding above this key level, suggesting a possible bullish reversal. A sustained move above this level will favor an upward trend, while a failure to hold could lead to further downside pressure. Best Scenario: The uptrend...

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Nasdaq Technical Analysis The price is expected to consolidate between 18,710 and 18,420 until a breakout occurs, with increased volatility likely around the release of inflation data. Currently, bearish momentum is driving the price towards 18,420, after which a bullish reversal may begin during the CPI data release. However, if the price stabilizes above...

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Nasdaq Technical Analysis The Nasdaq price has declined and stabilized below the pivot range of 18640, indicating a bearish trend. As long as the price remains below 18640, further downside is expected, with a potential target at 18340. A break below this level could extend the bearish trend. For a bullish reversal, the price would need to stabilize above...