Market analysis from Trade Nation
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...
Copper maintains a bullish sentiment, supported by a longer-term uptrend. However, the recent price action suggests a corrective pullback toward a key support zone, which could determine the next major move. Key Levels to Watch Resistance Levels: 9850, 9970, 10086 Support Levels: 9500, 9370 (200 DMA), 9260 Bullish Scenario A successful retest and bounce from the...
Aluminium maintains a bullish sentiment, supported by a longer-term uptrend. However, recent price action shows sideways consolidation, indicating a potential breakout or corrective move in the near term. Key Levels to Watch Resistance Levels: 2708, 2740, 2780 Support Levels: 2660, 2544 (200 DMA), 2480, 2360 Bullish Scenario A strong breakout above the 2660...
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 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 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...
Silver INTRADAY bullish & overbought, key trading level is at 3300. 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
Gold INTRADAY bullish & overbought, key trading level is at 2954 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
WTI Crude INTRADAY bearish & oversold capped by resistance at $68,65 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
FTSE100 INTRADAY bullish & oversold, the key trading level is at 8520 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
DAX40 INTRADAY bullish & oversold, key trading level is at 22300 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
CAC40 INTRADAY bullish & oversold, key trading level is at 7917 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation...
RUSSELLL2000 INTRADAY bearish & oversold capped by resistance at 2170 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
NSDQ100 INTRADAY bearish & oversold capped by resistance at 200 DMA. 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
Dow INTRADAY bearish & oversold capped by resistance at 200 DMA 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation...
S&P 500 INTRADAY bearish & oversold capped by resistance at 5759 (200DMA) 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 intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official...
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...
Price Action and Trend: The current sentiment for Solana (SOL) appears bearish, as indicated by the prevailing downtrend. The key resistance level stands at 137.13, which corresponds to the current intraday swing high and a descending resistance trendline. A notable feature of the current price structure is the potential for an oversold rally from the existing...