Futures Steady Ahead of Key Payroll Data Amid Middle East Tensions U.S. stock index futures remained subdued on Friday, as investors exercised caution, holding off on major moves ahead of the critical payrolls data release while monitoring potential escalations in geopolitical tensions in the Middle East. Nasdaq Technical Analysis: The price may initially aim...
DAX Technical Analysis: The price dropped and reached our target of about 280 points from 19260 Today, DAX still remains in a bearish trend as long as it trades below 19100, with further downside targets at 18970 and 18780. The price must close at least a 1-hour candle above 19110 to do a bullish correction till 19260, and then the 19260 shift should be broken...
Gold Retreats Amid Profit-Taking as Middle East Tensions Ease Slightly Investors are now turning their attention to developments in the Middle East and key U.S. data, including Wednesday's ADP employment report and Friday's nonfarm payroll and unemployment figures. The price remains in a bearish trend towards 2638 while it stays below 2661, though there is...
Nasdaq Technical Analysis: The price dropped as we mentioned yesterday and still running to get 19520 while trades under 19860 So the direction will be downward for today till 19520 with correction till 19860 otherwise, stability above 19860 will try to touch 19950 and 20080 Key Levels: Pivot Point: 19770 Resistance Levels: 19860, 19980, 20090 Support Levels:...
DAX Technical Analysis: The price has dropped and successfully reached our target of 19,100. Today, DAX remains in a bearish trend as long as it trades below 19,260, with further downside targets at 19,100 and 18,970. To shift into a bullish trend, the price must close at least a 1-hour candle above 19,260. Key Levels: Pivot Point: 19260 Resistance Levels:...
Nasdaq Technical Analysis: Futures dip ahead of labor data; Powell signals modest rate cuts Currently, the price needs to stabilize below 20,080 to target 19860, with a potential further decline to 19,690 by breaking 19860. On the other hand, if the price stabilizes above 20180, it could aim for 20450 and 20700. Key Levels: Pivot Point: 20090 Resistance Levels:...
Technical Analysis: Middle East Concerns Trigger Gold and Oil Price Rally News of Iran potentially preparing to launch a ballistic missile attack on Israel triggered a selloff in global stock indices and sparked a rally in gold and oil prices. A senior White House official confirmed that Iran is preparing for such an attack, marking a potential escalation in the...
DAX Technical Analysis: The price is expected to attempt a move toward the all-time high (ATH). A break above the ATH at 19,500 would confirm a bullish trend, with the next target at 19,685. However, if the price remains below 19,500, it suggests a potential decline toward 19,260, with further downside targeting 19,100. Key Levels: Pivot Point:...
SPx Currently, as long as it remains below 5748, a decline towards 5732 is expected. A break below 5732 would open the door to further downside, targeting the bearish zone around 5675. However, a 4-hour candle close above 5785 would signal a bullish shift, with the potential to move toward 5850. Key Levels: Pivot Point: 5782 Resistance Levels: 5805, 5840,...
Technical Analysis: The price is likely to consolidate between 2638 and 2651 today until a breakout occurs. A continued move below 2651 could lead to a drop towards 2638, and a 1-hour candle close beneath 2638 would open the path to 2624. A break below 2624 would activate the next bearish zone, potentially driving the price down to 2587. On the other hand, if...
Technical Outlook: The price has reached our previous target of 20,080 before reversing. As long as it remains below 42,290, further declines toward 42,080 are anticipated, potentially dropping to 41,770 if 42,080 is breached. To shift to a bullish trend, the price must stabilize above 42,450. Key Levels: Pivot Point: 42290 Resistance Levels: 42450, 42700,...
Technical Analysis: The price is expected to consolidate between 2638 and 2648 today until a breakout occurs. A sustained move below 2638 could trigger a decline towards 2624, with a further drop likely if 2624 is breached, targeting 2615 and eventually 2605. Alternatively, if the price stabilizes above 2638, it may signal a shift towards a bullish trend, with...
Nasdaq Technical Analysis: Futures subdued ahead of a data-packed week, Powell's comments awaited Currently, the price needs to stabilize below 20,080 to target 19,900, with a potential further decline to 19,690 by breaking 19900. On the other hand, if the price stabilizes above 20,080, it could aim for 20,350 and 20,540. Key Levels: Pivot Point:...
Technical Outlook: The price must break below 42,290 to initiate a bearish trend, targeting 42,080, with a potential decline to 41,770 if further weakness persists. Alternatively, the price may consolidate within the range of 42,290 to 42,450. A sustained break above 42,450 with a 4-hour candle close will reinforce bullish momentum, aiming for 42,810 and...
SPx The price should break 5732 to be a bearish trend toward 56675 and 5643, the closing 4h candle above 5749 will touch 5784, and above it will be a bullish trend till 5891 Key Levels: Pivot Point: 5732 Resistance Levels: 5784, 5805, 5890 Support Levels: 5675, 5643, 5585 Trend Outlook: Bearish: Below 5,732 Bullish: Above 5,784 previous idea:
Technical Analysis: The Nasdaq is currently consolidating between 19900 and 20085. Stability above 19,900 would signal a bullish trend towards 20085 and 20500. However, if the index remains below 19900, it is likely to test 19800, with a break below this level confirming a bearish trend targeting 19680. Key Levels: Pivot Point: 19900 Resistance Levels: 20085,...
Technical Analysis: DJI: Dow Jones Slides 300 Points to Retreat from Record. S&P 500 Joins Pullback. Technical Outlook: The price should break 42290 to be bullish till 42800, stability under 42290 and 42210 will be a bearish trend toward 41960 and 41775 Key Levels: Pivot Point: 42210 - 42290 Resistance Levels: 42450, 42700, 43040 Support Levels: 41960, 41770,...
Technical Analysis: Today, the gold market is expected to follow a bearish trend, driven by high selling volume, targeting $2,657 and potentially $2,648. If the price remains below $2,670, it is likely to test $2,657, with further declines possible to $2,648. However, a break above $2,670 could push the price to $2,680, and a sustained break above $2,680 would...