The FTSE 100 index is currently exhibiting a bearish sentiment, as evidenced by the prevailing downtrend. The primary focus remains on the key resistance level at 8638, which corresponds to the current intraday swing high and the falling resistance trendline. This level is critical as it determines the next directional move of the index.
From the current levels,...
Thursday March 13
Data: US February PPI, initial jobless claims, Q4 household change in net worth, UK February RICS house price balance, Italy Q4 unemployment rate, Canada January building permits
Central banks: ECB's Guindos, Holzmann, Villeroy and Nagel speak
Earnings: Enel, Generali, Dollar General
Auctions: US 30-yr Bonds
This communication is for...
The USD/JPY price action sentiment appears bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest potential for continued downward pressure, with a key resistance level in focus.
Key Levels and Price Action
The critical trading level to watch is 150.60, which marks the current intraday swing high and the falling resistance...
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 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 softer-than-expected inflation data has fueled optimism among equity investors, as cooling inflation could alleviate pressure on the Federal Reserve to maintain an aggressive tightening stance. The positive market reaction suggests that participants are increasingly pricing in the possibility of a more gradual approach to interest rate adjustments.
With...
US equity indices reacted positively to the latest US inflation figures released earlier today, as the data pointed to a moderation in price pressures.
The Consumer Price Index (CPI) decreased to 2.8% year-over-year in February, down from 3.0% in January. This reading not only marked a decline but also came in below market expectations of 2.9%, signaling that...
The Brent Crude Oil price action sentiment remains bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest a potential oversold rally approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 71.73, representing the current intraday swing high and falling resistance trendline. An...
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...
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 161.26, representing the previous...
The CAC 40 (FR40) equity index price action remains bullish, supported by the prevailing longer-term uptrend. Recent intraday movements indicate sideways consolidation near the breakout level, which previously acted as resistance and has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is the 7900 level, representing...
Wednesday March 12
Data: US February CPI, federal budget balance
Central banks: BoC decision, ECB's Lagarde, Villeroy, Escriva, Nagel and Lane speak
Earnings: Adobe, Rheinmetall, Porsche, Inditex, Puma
Auctions: US 10-yr Note
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course...
The Silver (XAG/USD) price action sentiment remains bullish, driven by the prevailing long-term uptrend. Recent intraday price action shows a 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 to watch is 3214, representing the...
Litecoin (LTCUSD) remains in a neutral stance, as price action continues to trade within a longer-term sideways range. The key trading level at 940.00 will play a crucial role in determining the next directional move.
Key Levels to Watch
Resistance Levels: 1,120, 1,217, 1,320, 1,374
Support Levels: 859.00, 816.00
Bearish Scenario
If LTCUSD fails to bounce back...
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: 19976
Resistance Level 2: 20300
Resistance Level 3: 20660
Support Level 1: 19570
Support Level 2: 19124
Support Level 3: 18750
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 EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a...
