The GBPAUD currency pair maintains a bullish sentiment, supported by a longer-term uptrend. Recent price action has confirmed a breakout above a key level, but the possibility of a retracement remains, making it crucial to assess both bullish and bearish scenarios.
Key Levels to Watch
Resistance Levels: 2.030, 2.040, 2.056
Support Levels: 2.010, 1.9927, 1.9770,...
The EURAUD currency pair remains in a neutral stance within a longer-term consolidation phase, reflecting indecisive market sentiment. Recent price action has seen an oversold rebound toward a key resistance level, which may define the next directional move.
Key Levels to Watch
Resistance Levels: 1.6740, 1.6812, 1.6950
Support Levels: 1.6517, 1.6400,...
Silver (XAG/USD) maintains a bullish outlook, supported by the long-term uptrend, characterized by a sequence of higher highs and higher lows. The recent pullback appears to be a corrective move, currently testing a rising trendline support zone, which remains crucial for trend continuation.
Key Technical Levels
Immediate Support: $30.80 (previous consolidation...
The GOLD (XAUUSD) index pair price action sentiment appears bearish, supported by the loss of longer-term prevailing uptrend. The recent intraday price action appears to be an overbought consolidation after reaching the all-time high on 20th Feb ‘25.
The key trading level is at the 2896 level, 20-day moving average and the rising support trend line zone. An...
The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7150, 20 DMA level. An oversold rally from the current levels and a bearish rejection from the 7150 level could target the downside support at 6964 followed by 6850 and 6830 levels over the longer...
Market Sentiment:
The FTSE 100 index maintains a bullish outlook, supported by the long-term uptrend. However, price action is at a key technical level, where market participants will look for confirmation of the next move.
Bullish Scenario:
Key Support: 8709 (20-day moving average, previous consolidation zone, and rising trendline).
A pullback to this level,...
Market Sentiment:
The DAX index maintains a bullish outlook, supported by the long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next move.
Bullish Scenario:
Key Support: 22234 (previous consolidation range, 20-day moving average, and rising trendline).
A bounce from...
The CAC 40 (F40) index maintains a bullish outlook, supported by its long-term uptrend. However, recent sideways consolidation near the rising support trendline suggests a potential corrective pullback before the next directional move unfolds.
Bullish Scenario:
The 8060 level is a key support zone, aligning with the previous consolidation range, 20-day moving...
The Russell 2000 (US2000) index exhibits bearish sentiment as the long-term uptrend is under threat, with price action closing below the psychologically significant 200-day moving average (2209). Since reaching an all-time high on November 25, 2024, the index has started to show weakness, suggesting a potential continuation of its corrective...
The Dow Jones Industrial Average (US30) index maintains a bullish outlook within its long-term uptrend. However, after reaching an all-time high on December 4, 2024, price action has entered a sideways consolidation phase, suggesting indecision in the market.
________________________________________
Bullish Scenario:
• The 42980 level serves as a critical support...
The Nasdaq 100 (USTec) index maintains a bullish outlook, supported by its long-term uptrend. However, recent price action suggests a corrective pullback following the all-time high, bringing the index to a key technical support zone.
Bullish Scenario:
The 20280 level (200-day moving average) serves as a critical support zone, aligning with the long-term rising...
The S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone.
Bullish Scenario:
The 5918 level serves as a newly...
Silver (XAG/USD) maintains a bullish outlook, supported by the long-term uptrend, characterized by a sequence of higher highs and higher lows. The recent pullback appears to be a corrective move, currently testing a rising trendline support zone, which remains crucial for trend continuation.
Key Technical Levels
Immediate Support: $30.80 (previous consolidation...
Ethereum (ETH/USD) remains in a bearish trend, aligned with the longer-term prevailing downtrend. The price action suggests continued selling pressure, with critical resistance and support levels defining the next move.
Key Technical Levels
Immediate Resistance: $2,490 (previous support, now acting as resistance)
Major Resistance Levels:
$2,634
$2,785
Key...
The recent Bitcoin (BTC) price action suggests a bearish sentiment despite the broader long-term uptrend. The market reached an all-time high of $109,000 on January 20, 2025, before reversing, signalling potential downside risks.
Formation of a Double-Top Reversal Pattern
BTC has formed a double-top pattern, a classic bearish reversal setup.
The critical...
The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 42980, the previous consolidation zone and the rising support trendline. A corrective...
S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after a retest of an all-time high on 19th Feb ‘25.
The key trading level is at the 5918 level, the consolidation price range and also the previous support is now a newly formed...
The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD) as market expectations for additional Bank of Japan (BoJ) rate hikes gain momentum. This has reinforced a bearish sentiment in the USDJPY currency pair, which remains aligned with the prevailing longer-term downtrend.
From a technical perspective, 152.50 serves as a key resistance level,...
