Market Sentiment: The prevailing trend for LTCUSD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery. Key Levels: Resistance: 897.70 (Previous consolidation zone) Support Levels: 826.80 → 790.20 → 746.40 Potential Scenarios: Bearish Continuation: If LTCUSD fails to break above 897.70 and faces...
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 2,171, which represents the current intraday swing high and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 2,171 resistance, could lead to a downside...
Recent price action in Bitcoin (BTCUSD) suggests an oversold bounce, with resistance capping gains at the 88,000 level. The continuation of selling pressure could extend the downside move, with key support levels at 79,000, followed by 76,278 and 74,222. Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the...
Key Support and Resistance Levels Resistance Level 1: 40540 Resistance Level 2: 41000 Resistance Level 3: 42000 Support Level 1: 38940 Support Level 2: 38175 Support Level 3: 37320 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...
Key Support and Resistance Levels Resistance Level 1: 18435 Resistance Level 2: 18800 Resistance Level 3: 19580 Support Level 1: 17680 Support Level 2: 17300 Support Level 3: 17000 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...
Silver maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support. Key Level: 3090 This zone represents a significant area of prior consolidation and now acts as a key support level. Bullish Scenario: A pullback toward 3090...
Gold maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support. Key Level: 3058 This zone represents a significant area of prior consolidation and now acts as a key support level. Bullish Scenario: A pullback toward 3058...
The STOXX 50 index maintains a bearish outlook, aligned with the broader downtrend. Recent price action confirms a breakdown below a key consolidation zone, reinforcing the downward pressure. Key Level: 5133 This level represents the former intraday consolidation zone and now acts as a pivotal resistance. Bearish Scenario: An oversold rally toward 5133 followed...
The FTSE 100 continues to exhibit bearish sentiment, in line with the prevailing downtrend. Recent price action confirms a breakdown below the previous consolidation zone, reinforcing downside pressure. Key Level: 8460 This level marks the former intraday consolidation area and now acts as critical resistance. A near-term oversold bounce toward this level is...
US March Jobs Report Most important release this week. Strong report boosts the dollar and bond yields Weak report supports stocks and pressures the dollar Canada March Jobs Report Strong numbers lift the Canadian dollar Weak numbers weigh on CAD Germany, France, Italy Data Includes factory orders, industrial production, and retail sales Weak data puts pressure...
The AUDJPY pair is in an overall downtrend, though currently experiencing a short-term oversold bounce back. Key Resistance: 94.45 – A bearish rejection from this level could push prices lower. Bearish Scenario: A break below 94.45 could lead to further declines toward 92.70, 92.00, and 91.70. Alternatively a breakout above 94.45 and a daily close higher would...
The GBP/CAD currency pair maintains a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a corrective pullback toward the previous consolidation zone and the support trendline area. Bullish Scenario: The key trading level to monitor is 1.8400, which represents the previous consolidation range. A successful bullish bounce...
The GBP/JPY pair is in an overall uptrend, though currently experiencing a short-term pullback. • Key Support: 191.70 – A bounce from this level could push prices higher. • Upside Targets: 194.00, 195.50, and 195.70 if the bullish trend continues. • Bearish Scenario: A break below 191.70 could lead to further declines toward 190.90, 190.00, and...
Key Support and Resistance Levels Resistance Level 1: 42375 Resistance Level 2: 42846 Resistance Level 3: 43288 Support Level 1: 40560 Support Level 2: 40000 Support Level 3: 39637 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...
Trend Overview The GBP/CHF currency pair remains in a bearish trend, with current price action reflecting a potential oversold bounce within a broader downtrend. Key Levels & Scenarios Resistance: 1.1440 (previous consolidation zone) A bearish rejection from this level could reinforce downside momentum. Downside targets: 1.1340, followed by 1.1300 and 1.1200...
President Donald Trump imposed the highest U.S. tariffs in a century, aiming to reshape the global economy. This move triggered threats of retaliation and a sharp market selloff worldwide. Stock markets reacted quickly and negatively. U.S. equity futures dropped as investors worried about corporate earnings. European and Asian stocks also declined. The dollar fell...
EURGBP INTRADAY oversold bounce back capped at 0.8385 The EUR/GBP pair continues to exhibit bearish sentiment, reinforced by the prevailing downtrend. The key intraday resistance level is at 0.8385, marking the current swing high. Bearish Scenario: An oversold rally from current levels, followed by a bearish rejection at 0.8385, would likely target downside...
Trend Overview The GBP/USD currency pair maintains a bullish trend, with recent price action confirming a breakout above the previous consolidation zone. Key Levels & Scenarios Support: 1.3050 (previous consolidation range) A bullish bounce from this level could sustain the rally. Upside targets: 1.3240, followed by 1.3270 and 1.3300 over the longer...