The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3400
This level aligns with a previous consolidation zone and is acting as a...
Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favor the upside, although recent intraday price action suggests a sideways consolidation, signaling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot),...
Key Economic Data
US Q1 GDP (2nd estimate)
Critical gauge of US economic strength. A stronger print supports the USD and Treasury yields; a weaker print could increase rate cut expectations.
US Initial Jobless Claims
Weekly labor market barometer. Higher claims may signal softening employment, boosting rate cut speculation.
US April Pending Home...
The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside...
Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8130, followed by 0.8090 and 0.8050.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4060, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.4060 resistance, could lead to a downside...
Key Support and Resistance Levels
Resistance Level 1: 2133
Resistance Level 2: 2175
Resistance Level 3: 2240
Support Level 1: 1970
Support Level 2: 1910
Support Level 3: 1840
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 USD continues to rally, driven by:
A strong rebound in US Consumer Confidence, reversing a six-month downtrend.
A decline in the number of Americans expecting a recession, improving risk sentiment.
This positive momentum helped offset weaker April Durable Goods Orders, which reflected business concerns tied to Trump’s tariff policies.
Trump Signals Progress...
Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets if bullish breakout occurs.
Support:
6350 – Initial downside...
Trend: The sentiment remains bearish, in line with the prevailing downward trend.
Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows.
Key Levels
Resistance:
6360 – Key resistance and prior consolidation zone.
Above that: 6440, then 6530 – Next upside targets if breakout occurs.
Support:
6020 – Initial...
Trend: The overall sentiment remains bearish, with price action below key resistance levels.
Recent Movement: Price is forming an oversold basing pattern near a previous swing low, indicating potential for a short-term bounce.
Key Levels
Resistance:
0.8420 – Critical level from previous consolidation.
Above that: 0.8435, then 0.8450 – Further resistance if...
Trend: Overall trend remains bullish, supported by rising price action.
Recent Movement: Price is in a sideways consolidation phase after a strong uptrend.
Key Levels
Support:
8600 – Key level from prior consolidation.
8480, then 8430 – Next supports if 8600 breaks.
Resistance:
8850 – First upside target.
8910, then 9020 – Further resistance levels on...
Key Economic Data
United States
Richmond Fed Manufacturing Index (May)
Insight into regional manufacturing. Weak data may increase rate cut expectations.
Dallas Fed Services Activity
Measures service sector strength; can affect Fed rate outlook.
Germany
Unemployment Claims Rate (May)
Higher unemployment could support a more dovish ECB.
Import Price Index...
Trend Overview:
Litecoin (LTC/USD) maintains a bullish structure, supported by an ongoing rising trend. The recent intraday price action suggests a corrective pullback, which may provide an opportunity for trend continuation if key support levels hold.
Key Technical Levels:
Support: 930 (primary), followed by 900 and 874
Resistance: 1,040 (initial), then 1,090...
Trend Overview:
Ethereum (ETH/USD) remains in a bullish trend, underpinned by a sequence of higher lows and a well-defined rising structure. Recent intraday price action reflects a consolidation phase, likely forming a bullish continuation pattern within the prevailing uptrend.
Key Technical Levels:
Support: 2,360 (primary), followed by 2,160 and...
Trend Overview:
Bitcoin (BTC/USD) remains in a bullish trend, characterized 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: 107,650 (primary pivot), followed by 103,330 and 100,680
Resistance: 113,040...
Key Support and Resistance Levels
Resistance Level 1: 42920
Resistance Level 2: 43300
Resistance Level 3: 43620
Support Level 1: 41470
Support Level 2: 41160
Support Level 3: 40890
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...
US Equities poised for a post-holiday rebound, with futures up following Donald Trump's decision to delay EU tariff implementation until July 9. The temporary reprieve has improved short-term risk sentiment, with the EU seeking to fast-track trade talks focused on critical sectors—potentially bullish for industrials, autos, and tech exporters.
Geopolitical Risk...
