The EUR/CHF currency pair is showing a bullish sentiment, supported by the prevailing long-term uptrend. Recent intraday price action indicates 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 to watch is 0.9530,...
The EUR/USD pair exhibits bullish sentiment, underpinned by an ongoing uptrend. Recent intraday price action indicates a breakout from a sideways consolidation phase, aiming for previous resistance levels.
Key Trading Level:
1.0877: This critical level marks the previous consolidation range and acts as a pivotal point for the bullish outlook.
Bullish...
The DAX40 index is showing positive momentum this morning, driven by optimism around a debt-financed spending plan targeting defense and infrastructure. The bill is on track for parliamentary approval, with strong backing from both conservative and Social Democrat lawmakers. Meanwhile, the European Union is advancing discussions on seizing frozen Russian assets to...
Tuesday March 18
Data: US February industrial production, capacity utilisation, building permits, housing starts, import and export price index, March New York Fed services business activity, Japan January core machine orders, Tertiary industry index, February trade balance, Germany March Zew survey, Italy January trade balance, Eurozone March Zew survey, January...
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 USD/CHF price action exhibits bearish sentiment, supported by the prevailing downtrend. The current intraday swing high at 0.8860 serves as a critical trading level, as the pair shows potential for an oversold rally before facing bearish rejection.
Key Levels to Watch:
Key Resistance: 0.8860 (current intraday swing high)
Immediate Support: 0.8760
Lower...
Key Support and Resistance Levels
Resistance Level 1: 5715
Resistance Level 2: 5770
Resistance Level 3: 5920
Support Level 1: 5500
Support Level 2: 5390
Support Level 3: 5255
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...
The Gold price action exhibits bullish sentiment, supported by the prevailing uptrend. The recent intraday price action indicates a phase of sideways consolidation near the previous resistance level.
Key Levels to Watch:
Key Support: 2960 (previous consolidation range)
Immediate Resistance: 3000
Higher Resistance Levels: 3034, 3081
Downside Support Levels: 2909,...
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...
The GBPAUD 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 2.0227. A potential overbought pullback from current levels, followed by a...
The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance.
The key trading level is at 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back...
The FTSE 100 index is currently exhibiting a neutral sentiment, as evidenced by the prevailing sideways consolidation. The primary focus remains on the key resistance level at 8700, which corresponds to the current intraday swing high. This level is critical as it determines the next directional move of the index.
From the current levels, an oversold rally could...
Economic Data due this week:
Monday: US retail sales (February), China industrial production and retail sales (January to February).
Tuesday: Germany economic sentiment (March). Earnings: XPeng.
Wednesday: US interest rate decision, Japan interest rate decision.
Thursday: UK unemployment rate (January), UK interest rate decision.
Earnings: Nike, FedEx,...
The ADA/USD pair is currently exhibiting a bearish sentiment, sustained by the prevailing downtrend. The critical trading level to monitor is at 8,530, representing the current intraday swing low and the 50-day moving average (DMA) level.
In the short term, an oversold rally from present levels, followed by a bearish rejection at the 8,530 resistance, could lead...
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...
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...
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 2,220, which represents the current intraday swing high and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 2,220 resistance, could lead to a downside...
