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 0.8090, followed by 0.8040 and 0.7940.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish...
Markets Overview – Monday US Open
Trump Tariffs: Trump says tariffs on phones, computers, and other consumer tech are still on the table, calling the weekend exemption just a "procedural step."
Tech Rally: Despite that, tech stocks are up Apple and Nvidia leading on hopes the delay gives room for a better long-term trade deal.
Futures & Gold: US equity futures...
Gold remains in a bullish trend following a breakout above previous all-time highs. The recent price action suggests strong upward momentum, with buyers currently in control.
Key Levels to Watch:
Support:
3150 – Key level from recent consolidation; likely to act as strong support.
3134 and 3074 – Deeper support levels if 3150 fails.
Resistance:
3270 – First...
EUR/GBP 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: 0.8525 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 –...
GBPAUD 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: 2.0595 – previous consolidation range and pivotal support
Upside Targets:
2.1380 – initial resistance
2.1642 and 2.1970 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be a bullish breakout toward a key prior consolidation area.
Key Support: 1.3014 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3255 – initial resistance level
1.3328...
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 Data Releases:
US: NY Fed 1-year inflation expectations (March) – Closely watched for signs of shifting inflation trends that could impact Fed rate outlook.
China: Trade Balance (March) – Insight into global demand and China’s export strength; potential impact on commodities and risk sentiment.
Japan: Capacity Utilization (Feb) – Secondary data, but relevant...
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...
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 76,144, followed by 74,420 and 73,283.
Alternatively, a confirmed breakout above 84,600, accompanied by a daily close higher, would invalidate the...
Key Support and Resistance Levels
Resistance Level 1: 1889
Resistance Level 2: 1920
Resistance Level 3: 2000
Support Level 1: 1700
Support Level 2: 1640
Support Level 3: 1590
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: 41100
Resistance Level 2: 42170
Resistance Level 3: 42800
Support Level 1: 37554
Support Level 2: 36620
Support Level 3: 35125
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...
China to Hike Tariffs on All US Goods – Market Reaction Mixed
China announced it will raise tariffs on all US imports from 84% to 125%, effective April 12. The move follows Washington’s decision to increase levies on Chinese goods to 145% earlier this year.
However, Beijing signaled it will no longer respond to future US tariff increases, calling the...
Silver maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support.
Key Level: 3090
This zone represents a significant area of prior consolidation and now acts as a key support level.
Bullish Scenario:
A pullback toward 3090...
Gold remains in a bullish trend following a breakout above previous all-time highs. The recent price action suggests strong upward momentum, with buyers currently in control.
Key Levels to Watch:
Support:
3150 – Key level from recent consolidation; likely to act as strong support.
3134 and 3074 – Deeper support levels if 3150 fails.
Resistance:
3270 – First...
The STOXX50 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: 5056 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
4645 – near-term target if bearish momentum continues
4548 and 4480 –...
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...
Friday, April 11 – Market Movers
Macro Data Releases
US:
March PPI: Key inflation metric; will shape expectations for upcoming Fed decisions.
April University of Michigan Sentiment: Critical for gauging consumer confidence and inflation expectations—could move Treasuries and USD.
UK:
February GDP (m/m): Signals short-term growth trends; implications for GBP and...
