Trend Overview:
ETHUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2,170 (primary pivot), followed by 2,080 and 1,980
Resistance: 2,610 (initial), then 2,800...
Trend Overview:
BTCUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 101,780 (primary pivot), followed by 100,380 and 98,184
Resistance: 109,170 (initial), then...
Key Support and Resistance Levels
Resistance Level 1: 44520
Resistance Level 2: 44930
Resistance Level 3: 45280
Support Level 1: 43220
Support Level 2: 42830
Support Level 3: 42460
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...
Trade Tensions:
Trump has threatened higher tariffs on Japan, criticising its refusal to import U.S. rice.
The EU is open to a trade deal with the U.S. involving a 10% universal tariff on many exports, but seeks lower rates for key sectors like pharmaceuticals and semiconductors.
Markets:
U.S. equity futures are steady after the S&P 500 posted its best quarter...
The EURAUD currency pair maintains a bullish bias, underpinned by the prevailing upward trend. Recent sideways consolidation in intraday price action suggests a potential continuation pattern within the broader uptrend.
The key level to watch is 1.7880, marking the lower boundary of the recent consolidation range. A corrective pullback toward this level, followed...
The EUR/CHF pair remains under bearish pressure, aligned with the prevailing downtrend. Price action is currently consolidating below the key resistance level at 0.9330, which marks a prior intraday congestion zone.
A rebound toward 0.9330 could present a selling opportunity, with a potential bearish rejection targeting support levels at 0.9300, followed by...
The EURUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.1640
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
Trend Overview:
The DAX index maintains a bullish overall sentiment, supported by a sustained rising trend on the higher timeframes. However, recent intraday price action suggests a corrective pullback and consolidation phase, likely part of a broader continuation pattern.
Key Support and Resistance Levels:
Support:
Initial support: 23,330 – a key previous...
Major Economic Data:
US:
ISM Manufacturing (June) and JOLTS job openings (May) – Key for Fed rate cut outlook.
Construction spending and vehicle sales – Insight into economic strength.
Dallas Fed services – Regional business sentiment check.
China:
Caixin Manufacturing PMI (June) – Watch for signs of continued slowdown.
Japan:
Tankan Survey (Q2) – Key...
Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6465 (primary pivot), followed by 0.6445 and 0.6400
Resistance: 0.6570...
Trend Overview:
The NZDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6000 (primary pivot), followed by 0.5985 and 0.5950
Resistance: 0.6100...
The USDCHF pair remains under bearish pressure, consistent with the prevailing downtrend. Recent price action has transitioned into a sideways consolidation, suggesting a pause in bearish momentum but not a reversal.
The key technical level to monitor is 0.8050, which marks a prior intraday consolidation zone and acts as immediate resistance. Should the pair...
Silver – Technical Analysis
The Silver price action continues to exhibit a bullish sentiment, underpinned by a prevailing rising trend. However, recent intraday moves indicate a corrective pullback, reflecting short-term consolidation within the broader uptrend.
Key Technical Levels:
Support:
3,500 – Primary support and previous consolidation zone; critical...
The Gold remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 3245 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3245 would confirm ongoing upside momentum, with potential targets at:
3310 – initial...
Trend Overview:
EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.8510 (primary pivot), followed by 0.8490 and 0.8470
Resistance: 0.8570 (initial), then...
The GBPAUD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 2.0880 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 2.0880 would confirm ongoing upside momentum, with potential targets at:
2.1060 – initial...
The GBPUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.3600
This level marks the prior consolidation range and now acts as pivotal support. A corrective...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8695 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8695 would confirm ongoing upside momentum, with potential targets at:
8820 – initial...
