The Brent Crude Oil price action sentiment remains bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest a potential oversold rally approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 71.73, representing the current intraday swing high and falling resistance trendline. An...
The WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 68.65, representing the current intraday swing high and falling resistance trendline. An...
The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone.
Key Levels and Price Action
The critical trading level to watch is 161.26, representing the previous...
The CAC 40 (FR40) equity index price action remains bullish, supported by the prevailing longer-term uptrend. Recent intraday movements indicate sideways consolidation near the breakout level, which previously acted as resistance and has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is the 7900 level, representing...
Wednesday March 12
Data: US February CPI, federal budget balance
Central banks: BoC decision, ECB's Lagarde, Villeroy, Escriva, Nagel and Lane speak
Earnings: Adobe, Rheinmetall, Porsche, Inditex, Puma
Auctions: US 10-yr Note
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course...
The Silver (XAG/USD) price action sentiment remains bullish, driven by the prevailing long-term uptrend. Recent intraday price action shows a 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 3214, representing the...
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...
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...
Key Support and Resistance Levels
Resistance Level 1: 2097
Resistance Level 2: 2132
Resistance Level 3: 2167
Support Level 1: 2000
Support Level 2: 1981
Support Level 3: 1957
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...
Key Support and Resistance Levels
Resistance Level 1: 19976
Resistance Level 2: 20300
Resistance Level 3: 20660
Support Level 1: 19570
Support Level 2: 19124
Support Level 3: 18750
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 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...
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 currency pair is exhibiting a bullish sentiment, underpinned by the prevailing long-term uptrend. Recent intraday price action shows 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 is at 1.0809, marking...
The DAX (DE40) equity index is exhibiting a bullish sentiment, driven by the prevailing longer-term uptrend. The recent intraday price action indicates a sideways consolidation near the breakout level, which previously acted as resistance and has now transformed into a new support zone.
Key Support and Resistance Levels:
Support Zone: The primary support level...
Tuesday March 11
Data: US February NFIB small business optimism, January JOLTS report, Japan February machine tool orders, PPI
Central banks: ECB’s Rehn speaks
Earnings: Volkswagen, Partners Group
Auctions: US 3-yr Notes
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of...
The AUD/USD currency pair is currently exhibiting a bullish sentiment, supported by the continuation of the longer-term prevailing uptrend. Recent intraday price action shows a period of sideways consolidation near the breakout level, which was previously a resistance zone and has now transitioned into a new support area.
Bullish Scenario:
The key trading level...
The NZD/USD currency pair remains in a bearish trend, supported by the longer-term prevailing downtrend. However, recent intraday price action suggests sideways consolidation, indicating a potential buildup before the next significant move.
Bearish Scenario:
The key level to watch is 0.5770, aligning with the previous consolidation zone.
A potential oversold...
The USD/CHF currency pair is currently exhibiting a bearish sentiment, as evidenced by the loss of the longer-term prevailing uptrend. The key trading level to watch is 0.8865, which represents the current intraday swing low and the falling resistance trendline level.
Bearish Scenario:
If the price fails to break above the 0.8865 level and faces a bearish...
