Tech stocks tumbled after the U.S. announced new restrictions on Nvidia chip exports to China and ASML posted weaker-than-expected results, sparking renewed trade war fears. The selloff wiped out $155 billion in market value between the two companies.
Meanwhile, China is holding off on trade talks, wanting the U.S. to take certain steps first—like toning down...
Brent Crude Oil selling pressure continuation
Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6620 (current swing high, now resistance), 6774, 6900
Support: 6230, 5870, 5480
Bearish Outlook:
Price has...
WTI Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action appears to be an oversold bounce back. A break below a key consolidation zone, could add pressure to the downside.
Key Levels:
Resistance: 6340 (former support, now resistance), 6413, 6530
Support: 5920, 5708, 5520
Bearish Outlook:
Price has broken below 6620,...
The CAC40 continues to exhibit bearish sentiment, aligning with the prevailing downward trend. Recent price action suggests that the index experienced an oversold rally, which was subsequently rejected near a key resistance zone — the previous intraday consolidation level around 7454.
This area now serves as a critical pivot point. A failure to break above 7454,...
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside.
Key Resistance: 8224 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
7760 – near-term target if bearish momentum continues
7645 and 7522...
Key Economic Data Releases
🇺🇸 U.S.
• March Retail Sales – Consumer spending trend, high market impact.
• Industrial Production & Capacity Utilization – Signals strength of the manufacturing sector.
• April NY Fed Services Index – Regional business activity snapshot.
• NAHB Housing Market Index – Homebuilder sentiment.
• Feb Business Inventories – Impacts GDP...
Market Sentiment:
The prevailing trend for LTCUSD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery.
Key Levels:
Resistance: 880.00 (Previous consolidation zone)
Support Levels: 672.60 followed by 630.20 and 577.50
Potential Scenarios:
Bearish Continuation: If LTCUSD fails to break above 800.00 and...
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1,724, 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 1,724 resistance, could lead to a downside...
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 80,850, followed by 77,500 and 74,420.
Alternatively, a confirmed breakout above 88,000, accompanied by a daily close higher, would invalidate the...
Key Support and Resistance Levels
Resistance Level 1: 41333
Resistance Level 2: 42000
Resistance Level 3: 42800
Support Level 1: 39220
Support Level 2: 37554
Support Level 3: 36620
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...
The Trump administration is moving ahead with tariff plans on semiconductor and pharmaceutical imports, launching Commerce Department probes. In response, China has ordered its airlines to halt new Boeing jet deliveries, escalating trade tensions.
Despite the trade war, markets are getting a lift after Trump suggested a possible pause on auto tariffs and suspended...
EURAUD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 1.7645 – previous consolidation range and pivotal support
Upside Targets:
1.8100 – initial resistance
1.8265 and 1.8500 –...
The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and...
Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous...
The DAX40 continues to exhibit bearish sentiment, aligning with the prevailing downward trend. Recent price action suggests that the index experienced an oversold rally, which was subsequently rejected near a key resistance zone — the previous intraday consolidation level around 21,520.
This area now serves as a critical pivot point. A failure to break above...
Tuesday, April 15 – Key Market Events
US Data:
Empire Manufacturing Index (April): Early read on factory activity.
Import and Export Prices (March): Trade-side inflation indicators.
UK Data:
Average Weekly Earnings (Feb)
Unemployment Rate (Feb)
Jobless Claims Change (March) Impact: Moves GBP based on labor market strength or weakness.
Germany & Eurozone:
ZEW...
AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.6266 – previous consolidation range and pivotal support
Upside Targets:
0.6390 – initial resistance
0.6420 and 0.6550 –...
NZDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.5715 – previous consolidation range and pivotal support
Upside Targets:
0.5946 – initial resistance
0.6000 and 0.6070 –...
