Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 92500, followed by 95145 and 97480.
Support : Key support is at 87530 followed by 85190 and 82550.
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...
Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 2100, followed by 2113 and 2123.
Support : Key support is at 2054 followed by 2035 and 2026.
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...
Market Context:
After a period of heightened volatility, the Dow Jones (US30) has undergone a corrective pullback. Investor sentiment is now focused on the upcoming US jobs report (8:30 a.m. Washington time, 13:30 London time) as a key catalyst for the next move in equity markets.
A weaker-than-expected jobs report could raise concerns about a slowing economy,...
The GOLD (XAUUSD) index pair price action sentiment appears neutral, supported by the loss of longer-term prevailing uptrend. The recent intraday price action appears to be an overbought sideways consolidation after reaching the all-time high on 20th Feb ‘25.
The key trading level is at the 2896 level, the support trend line zone. An oversold bounce back from the...
Bearish Scenario:
WTI Crude remains in a bearish trend, with price action aligned with the prevailing longer-term downtrend. The key resistance level to watch is 68.71. If an oversold rally occurs but faces rejection at this level, the downtrend is likely to continue, targeting 66.50, followed by 66.08 and 65.75 as the next downside support zones over a longer...
Current Trend: Bullish (Long-term Uptrend)
Pattern Formation: Expanding Triangle (Sideways Consolidation)
Key Support Level: 5386
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) Index 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: 23480, 23600, 23800
Support Levels: 22840, 22480, 22230
Bullish...
Friday March 7
Data: US February jobs report, January consumer credit, China February foreign reserves, trade balance, Germany January factory orders, France January trade balance, current account balance, Canada February jobs report, Q4 capacity utilisation rate
Central banks: Fed's Powell, Kugler, Bostic, Bowman and Williams speak, ECB's Lagarde, Nagel, Knot,...
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...
Key Trading Level: 1.8415
Bullish Scenario:
The overall sentiment remains bullish, supported by a breakout above the longer-term prevailing upntrend. However, recent price action suggests a sideways consolidation near the key level of 1.8415. A bullish reversal from this level could resume the upward momentum, targeting 1.8550 as the next resistance, followed by...
Key Trading Level: 189.14
Bullish Scenario:
The overall sentiment remains bullish, supported by a breakout above the longer-term prevailing downtrend. The recent price action suggests an oversold consolidation, potentially retesting the breakout zone at 189.14. A bullish reversal from this level could reinforce the uptrend, targeting 190.60 as the next...
Bearish Scenario:
The intraday sentiment remains bearish, with recent price action suggesting a corrective pullback. If the index faces rejection at the key resistance level of 20,600, it could trigger renewed selling pressure. A downside move could target 20,000 as the first support level, with further declines extending toward 19,800 and potentially 19,660 if...
Bearish Scenario:
The intraday sentiment remains bearish, with the recent price action appearing as a corrective pullback. The key resistance level to watch is 5920—a rejection at this level could trigger renewed selling pressure. A move lower could target initial support at 5730, with further downside extending toward 5624 and potentially 5600 if bearish momentum...
Bullish Scenario:
The EURJPY currency pair appears bullish, supported by the recent bullish breakout of the longer-term trend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 158.50, which marks the breakout zone and aligns with the previous falling resistance trendline , now newly...
Bullish Scenario:
The EURUSD currency pair maintains a bullish outlook, supported by the prevailing longer-term uptrend. The recent intraday price action indicates a period of sideways consolidation near the rising support trendline. The key level to watch is 1.0765, which aligns with both the previous consolidation range and the trendline support. A corrective...
Bullish Scenario:
The EURGBP pair maintains a bullish intraday sentiment, supported by the longer-term uptrend. The key level to watch is 0.8400, which acts as a critical resistance zone. If the price rallies above 0.8400, the uptrend could resume, targeting 0.8420, with further resistance levels at 0.8430 and 0.8450 over the longer timeframe.
Bearish Scenario:
A...
Key Trading Levels:
Resistance: 8760, 8850, 8910, 8990
Support: 8616, 8536, 8460
Market Sentiment:
Bearish intraday bias following a corrective pullback from overbought conditions.
Bearish Scenario:
The FTSE 100 has broken below the rising trendline and the previous consolidation range, establishing 8760 as a key resistance level.
An oversold bounce from...
Thursday March 6
Data: US January trade balance, wholesale trade sales, initial jobless claims, UK February construction PMI, Germany February construction PMI, Eurozone January retail sales, Canada January international merchandise trade, Sweden February CPI
Central banks: ECB's decision, Fed's Waller speaks, BoE's DMP survey
Earnings: Broadcom, Costco,...
