Key Support and Resistance Levels
Resistance Level 1: 7060
Resistance Level 2: 7170
Resistance Level 3: 7280
Support Level 1: 6720
Support Level 2: 6610
Support Level 3: 6520
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...
Geopolitics: The de-escalation between Israel and Iran removes near-term supply shock risks, reducing bullish pressure on oil.
Monetary Policy: Powell’s hawkish tone implies tighter financial conditions for longer, which can dampen global growth expectations and, in turn, oil demand.
Overall Bias for Traders:
Near-term pullback in WTI is possible if...
Key Support and Resistance Levels
Resistance Level 1: 7850
Resistance Level 2: 7930
Resistance Level 3: 7995
Support Level 1: 7480
Support Level 2: 7400
Support Level 3: 7330
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 FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 8695 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8695 would confirm ongoing upside momentum, with potential targets at:
8854 – initial...
Macro Data Highlights:
US May New Home Sales
Expectations: Potential rebound after recent housing softness.
Market Impact: A strong print may bolster the view that the housing market is stabilizing despite elevated mortgage rates. Weakness could reinforce recessionary concerns and increase calls for Fed easing later in the year.
Asset sensitivity: USD, US...
Trend Overview:
ETHUSD remains in a bullish trend, characterised 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: 2,170 (primary pivot), followed by 2,080 and 1,980
Resistance: 2,610 (initial), then 2,800...
Trend Overview:
BTCUSD remains in a bullish trend, characterised 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: 101,780 (primary pivot), followed by 100,380 and 98,184
Resistance: 109,170 (initial), then...
Key Support and Resistance Levels
Resistance Level 1: 43200
Resistance Level 2: 43550
Resistance Level 3: 43900
Support Level 1: 42240
Support Level 2: 41740
Support Level 3: 41280
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...
A fragile ceasefire is in place between the U.S. and Iran, but both sides are still blaming each other for missile attacks. Tensions remain high, especially as Iran’s stockpile of near-weapons-grade uranium is missing. Markets were shaken—stocks gave back some gains and oil prices dipped after Israel threatened to respond.
In business news, Nvidia’s CEO Jensen...
Trend Overview:
The EURAUD currency pair maintains a bullish outlook, supported by an established rising trend. Recent intraday movement reflects a corrective pullback, potentially offering a buying opportunity within the broader uptrend.
Key Levels to Watch:
Support (Key Level):
1.7740 – former consolidation zone and a pivotal support level
Below that: 1.7700,...
Trend Overview:
The EUR/CHF currency pair remains under bearish pressure, consistent with the broader downtrend. Current price action reflects a corrective pullback, which may be temporary before the next leg lower.
Key Levels to Watch:
Resistance (Key Pivot):
0.9430 – prior consolidation zone and short-term resistance
Above that: 0.9450 and...
Trend Overview:
The EUR/USD currency pair maintains a bullish sentiment, supported by a sustained rising trend. Recent intraday price action shows a bullish flag breakout, a continuation pattern that typically signals further upside potential.
Key Levels to Watch:
Support:
1.1525 – critical former consolidation zone and breakout base
Below that: 1.1440 and...
Trend Overview:
The DAX index maintains a bullish overall sentiment, supported by a sustained rising trend on the higher timeframes. However, recent intraday price action suggests a corrective pullback and consolidation phase, likely part of a broader continuation pattern.
Key Support and Resistance Levels:
Support:
Initial support: 23,330 – a key previous...
Key Economic Data:
US:
Consumer confidence (June)
Regional business activity from Philadelphia Fed and Richmond Fed
House prices (April, FHFA)
Q1 current account balance
Germany:
Ifo business sentiment survey (June)
Canada:
Consumer price inflation (May)
Central Bank Activity:
US Federal Reserve:
Chair Powell testifies before Congress
Other Fed...
The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.8195, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
Gold price action signals bullish bias, with a recent intraday move higher. The possibility of further geopolitical escalation between the US and Iran could trigger increased demand for gold as a safe haven.
Gold’s price action sentiment remains bullish, underpinned by a well-established rising trend. However, recent intraday movement suggests a corrective...
Geopolitics:
The US launched airstrikes on Iran, raising global tensions. Iran has vowed to retaliate, and Israel isn’t backing down. Trump warned of more action if Iran doesn’t make peace. The US issued a global travel alert, airlines are avoiding the Gulf, and Japanese banks may pull staff from the region. Oil is in focus, especially with tankers avoiding the...
Trend Overview:
The GBPAUD currency price remains in a bullish trend, characterised 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: 2.0690 (primary pivot), followed by 2.0600 and 2.0535
Resistance: 2.1056...
