Market analysis from Trade Nation
NZDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a Bullish breakout above the consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.5920 – previous consolidation range and pivotal support Upside Targets: 0.6080 – initial resistance 0.6150 and 0.6180 – extended...
AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.6355 – previous consolidation range and pivotal support Upside Targets: 0.6470 – initial resistance 0.6500 and 0.6550 –...
Key Support and Resistance Levels Resistance Level 1: 1980 Resistance Level 2: 2039 Resistance Level 3: 2076 Support Level 1: 1850 Support Level 2: 1813 Support Level 3: 1785 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...
Key Support and Resistance Levels Resistance Level 1: 19590 Resistance Level 2: 20070 Resistance Level 3: 20344 Support Level 1: 18460 Support Level 2: 17820 Support Level 3: 17330 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...
Global Trade & Geopolitics China may suspend steep tariffs on some U.S. imports, like medical equipment and ethane, to ease pressure on key industries—hinting at a more pragmatic trade stance. Apple plans to shift most U.S. iPhone production to India by late next year, while Walmart is helping Chinese exporters sell locally—both reflecting efforts to reduce...
Key Support and Resistance Levels Resistance Level 1: 3383 Resistance Level 2: 3414 Resistance Level 3: 3457 Support Level 1: 3247 Support Level 2: 3184 Support Level 3: 3112 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...
Gold prices slipped on Friday and are on track to end the week lower. China denied any ongoing trade negotiations with the US, contradicting former President Trump's claims. Despite this, markets are rallying on deal speculation, with traders rotating out of Gold and into equities. Key Support and Resistance Levels Resistance Level 1: 3392 Resistance Level 2:...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8450 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 –...
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside. Key Resistance: 8380 – former support turned resistance, aligning with the intraday consolidation area. Support Levels: 8113 – near-term target if bearish momentum continues 7960 and 7850...
Macro Data to Watch: US: April Kansas City Fed Services Index – May give insight into regional business sentiment. UK: April GfK Consumer Confidence – Early read on sentiment post-budget. March Retail Sales – Important for GBP and rate expectations. Japan: April Tokyo CPI – Key inflation indicator ahead of BoJ policy. France: April Business Confidence – Watch...
The AUDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs. Key Levels to Watch: Resistance Levels: 91.85 (critical level), 92.84, 93.62 Support Levels: 87.87, 86.60, 85.70 Bearish Scenario: A...
The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with...
The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 190,96 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 190.96 resistance, could lead to a downside move targeting support at 184.78 with...
Key Support and Resistance Levels Resistance Level 1: 40954 Resistance Level 2: 41510 Resistance Level 3: 42216 Support Level 1: 39600 Support Level 2: 38534 Support Level 3: 37832 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...
Stocks are pulling back after Wednesday’s rally, pressured by renewed trade tensions. China stated that no deal talks are underway, and Treasury Secretary Scott Bessent expressed scepticism over resolving the trade dispute. US futures slipped, the dollar weakened, and gold rose as investors sought safety. Jefferies strategist Christopher Wood warned that US...
The GBP/CHF currency pair remains under bearish pressure, in line with the broader downtrend. Recent price movement reflects an oversold rally that stalled near a key resistance level at 1.1120, which previously acted as an intraday consolidation zone. This level now serves as a crucial pivot. If price fails to break above 1.1120 and faces rejection, it could...
EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8450 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area. Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point. Upside Targets: 1.3435 – initial...