TRON (TRONUSD) remains in a bullish trend, supported by a longer-term uptrend. However, recent intraday price action suggests a sideways consolidation, with the rising support trendline acting as a key structural level.
Key Levels to Watch
Resistance Levels: 2,466, 2,614, 2,780
Support Levels: 2,034, 1,925, 1,741
Bullish Scenario
A successful bounce from the...
Price Action and Trend: The current sentiment for Solana (SOL) appears bearish, as indicated by the prevailing downtrend. The key resistance level stands at 137.13, which corresponds to the current intraday swing high and a descending resistance trendline. A notable feature of the current price structure is the potential for an oversold rally from the existing...
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 76,112, followed by 74,222 and 67,260.
Alternatively, a confirmed breakout above 91,900, accompanied by a daily close higher, would invalidate the...
Key Support and Resistance Levels
Resistance Level 1: 2097
Resistance Level 2: 2132
Resistance Level 3: 2167
Support Level 1: 2000
Support Level 2: 1981
Support Level 3: 1957
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: 41640
Resistance Level 2: 41956
Resistance Level 3: 42450
Support Level 1: 40650
Support Level 2: 40080
Support Level 3: 39650
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 USD/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The primary trading level to watch is 1.4390, representing the previous...
The WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 68.65, representing the current intraday swing high and falling resistance trendline. An...
Current Trend: Bullish (Long-term Uptrend)
Pattern Formation: Expanding Triangle (Sideways Consolidation)
Key Support Level: 5283
Key Resistance Levels: 5470, 5527, 5570
Bullish Scenario:
The STOXX 50 remains within a long-term uptrend, with recent price action consolidating in an expanding triangle pattern.
A pullback from current levels could find support at...
The DAX (DE40) equity index is exhibiting a bullish sentiment, driven by the prevailing longer-term uptrend. The recent intraday price action indicates a sideways consolidation near the breakout level, which previously acted as resistance and has now transformed into a new support zone.
Key Support and Resistance Levels:
Support Zone: The primary support level...
Friday March 14
Data: US March University of Michigan survey, UK January monthly GDP, Germany January current account balance, Italy January industrial production, general government debt, Canada January manufacturing sales
Central banks: ECB's Cipollone speaks
Earnings: BMW, Daimler Truck Holding
This communication is for informational purposes only and...
Key Trading Level: 94.70
Bearish Scenario:
The overall sentiment remains bearish, aligned with the longer-term prevailing downtrend. Recent price action suggests a sideways consolidation, indicating potential continuation of the downtrend. A bearish rejection from 94.70 could reinforce selling pressure, targeting 92.33 as the first support level, with further...
The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation...
The GBP/JPY currency pair is currently exhibiting a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a sideways consolidation, suggesting the formation of a new support zone at the previous resistance level. This consolidation phase reflects a temporary pause within the broader bullish trend.
The key trading level to...
New unemployment insurance claims in the US fell to 220,000 for the week ending March 8, slightly below expectations and down from the previous week's revised figure of 222,000 (originally 221,000). The insured unemployment rate remained steady at 1.2%, while the four-week moving average edged up by 1,500 to 226,000.
Meanwhile, continuing jobless claims dropped by...
The US Producer Price Index (PPI) increased by 3.2% year-on-year in February, down from 3.7% in January and slightly below the expected 3.3%.
The core PPI, which excludes food and energy prices, rose by 3.4% annually, also lower than the 3.8% recorded in January. On a monthly basis, the PPI remained unchanged, while the core PPI saw a slight 0.1% decline.
Key...
The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The critical trading level to watch is 160.26, representing the previous...
The EUR/USD currency pair is exhibiting a bullish sentiment, underpinned by the prevailing long-term uptrend. Recent intraday price action shows a bullish breakout from a sideways consolidation phase, with the previous resistance now acting as a new support zone.
Key Support and Resistance Levels:
Support Zone: The critical support level is at 1.0809, marking...
Bullish Scenario:
The EURGBP pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 0.8420, which acts as a critical resistance zone. If the price rallies above 0.8420, the uptrend could resume, targeting 0.8440, with further resistance levels at 0.8460 and 0.8500 over the longer timeframe.
Bearish Scenario:
A...
