Key Support and Resistance Levels
Resistance Level 1: 41333
Resistance Level 2: 42000
Resistance Level 3: 42800
Support Level 1: 39220
Support Level 2: 37554
Support Level 3: 36620
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...
The Trump administration is moving ahead with tariff plans on semiconductor and pharmaceutical imports, launching Commerce Department probes. In response, China has ordered its airlines to halt new Boeing jet deliveries, escalating trade tensions.
Despite the trade war, markets are getting a lift after Trump suggested a possible pause on auto tariffs and suspended...
EURAUD 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: 1.7645 – previous consolidation range and pivotal support
Upside Targets:
1.8100 – initial resistance
1.8265 and 1.8500 –...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous...
The DAX40 continues to exhibit bearish sentiment, aligning with the prevailing downward trend. Recent price action suggests that the index experienced an oversold rally, which was subsequently rejected near a key resistance zone — the previous intraday consolidation level around 21,520.
This area now serves as a critical pivot point. A failure to break above...
Tuesday, April 15 – Key Market Events
US Data:
Empire Manufacturing Index (April): Early read on factory activity.
Import and Export Prices (March): Trade-side inflation indicators.
UK Data:
Average Weekly Earnings (Feb)
Unemployment Rate (Feb)
Jobless Claims Change (March) Impact: Moves GBP based on labor market strength or weakness.
Germany & Eurozone:
ZEW...
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: 0.6266 – previous consolidation range and pivotal support
Upside Targets:
0.6390 – initial resistance
0.6420 and 0.6550 –...
NZDUSD 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: 0.5715 – previous consolidation range and pivotal support
Upside Targets:
0.5946 – initial resistance
0.6000 and 0.6070 –...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8090, followed by 0.8040 and 0.7940.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
Markets Overview – Monday US Open
Trump Tariffs: Trump says tariffs on phones, computers, and other consumer tech are still on the table, calling the weekend exemption just a "procedural step."
Tech Rally: Despite that, tech stocks are up Apple and Nvidia leading on hopes the delay gives room for a better long-term trade deal.
Futures & Gold: US equity futures...
Gold remains in a bullish trend following a breakout above previous all-time highs. The recent price action suggests strong upward momentum, with buyers currently in control.
Key Levels to Watch:
Support:
3150 – Key level from recent consolidation; likely to act as strong support.
3134 and 3074 – Deeper support levels if 3150 fails.
Resistance:
3270 – First...
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: 0.8525 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 –...
GBPAUD 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: 2.0595 – previous consolidation range and pivotal support
Upside Targets:
2.1380 – initial resistance
2.1642 and 2.1970 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be a bullish breakout toward a key prior consolidation area.
Key Support: 1.3014 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3255 – initial resistance level
1.3328...
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: 8224 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
7760 – near-term target if bearish momentum continues
7645 and 7522...
Key Data Releases:
US: NY Fed 1-year inflation expectations (March) – Closely watched for signs of shifting inflation trends that could impact Fed rate outlook.
China: Trade Balance (March) – Insight into global demand and China’s export strength; potential impact on commodities and risk sentiment.
Japan: Capacity Utilization (Feb) – Secondary data, but relevant...
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1,724, 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 1,724 resistance, could lead to a...
