The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 44460, the current swing low. A corrective pullback from the current levels and a bullish...
The Russell2000 (US2000) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 25th November 2024 the Russell2000 index price action is consolidating in a sideways trading range.
The key trading level is at 2236, which is the current swing low. A corrective pullback from the...
The JPY (Japanese Yen) continues to strengthen against US Dollaar amid rising bets for additional BoJ rate hikes. The USDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 152.50, which is the current swing high. An oversold rally from the current levels and a bearish rejection...
The USDCAD currency pair intraday sentiment appears bearish, supported by the confirmed loss of support of the longer-term sideways consolidation trading range. However, since the spike caused by the possible tariff announcement on 03rd February 2024, the USDCAD price action is displaying signs of bearish behaviour.
The key trading level is at 1.4260. An...
The Ethereum (ETHUSD) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 3,070, 200 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 3,0700 level could target the downside support at 2,500 followed by 2,340 and 2,190 levels over the longer...
Yesterday, Wednesday 19th Feb, Germany’s DAX equity index experienced the biggest decline of the major European indices, with automakers like Volkswagen (-2.78%) and BMW (-2.28%) underperforming.
Key Trading Level is at 21923
Support: 21770 followed by 21350 and 21060
Resistance: 22850 followed by 23000 and 23300
This communication is for informational...
Thursday February 20
Data: US February Philadelphia Fed business outlook, January leading index, initial jobless claims, China 1-yr and 5-yr loan prime rates, Japan January national CPI, Germany January PPI, France January retail sales, Eurozone December construction output, February consumer confidence, Canada January industrial product price index, raw...
The LTCUSD price action sentiment appears neutral, supported by the longer-term sideways trading range.
The key trading level is at 1,209, 17th Feb swing low level. An overbought pullback from the current levels and a bearish rejection from the 1,209 level could target the downside support at 1,082 followed by 1,000 level over the longer timeframe.
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The GOLD (XAUUSD) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be an overbought consolidation after reaching the intraday all time high.
The key trading level is at 2895 level, the consolidation price range and also the current daily pivot level. A corrective...
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation. The company is due to release its full-year 2024 results on 19 February at 18:00 GMT, with market analysts forecasting earnings per share of $7.84 amid operational challenges.
The price action sentiment appears neutral, the price is...
The NSDQ (USTec) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after reaching the intraday all time high.
The key trading level is at 21890 level, the consolidation price range and also the previous resistance now newly formed support...
S&P (US500) index pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation after reaching the intraday all time high.
The key trading level is at 6080 level, the consolidation price range and also the previous resistance now newly formed support zone. A...
The USDCHF currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 0.8980 level, the previous consolidation price range and also the rising support trendline zone. A...
The GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range.
The key trading level is at 1.1425, current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.1310 followed by 1.1245 and 1.1165...
The FTSE (UK100) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend.
The key trading level is at 8695, which is the 31st January swing high. A corrective pullback from the current levels and a bullish bounce back from the 8695 level could target the upside resistance at 8850 followed by the 8895 and 8955 levels over the...
The CAC (F40) equity index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 8066 level, the previous consolidation price range and also the rising support trendline zone. A...
Wednesday February 19
Data: US January building permits, housing starts, February New York Fed services business activity, China January new and used home prices, UK January CPI, RPI, PPI, December house price index, Italy December current account balance, ECB December current account
Central banks: Fed's FOMC minutes, Jefferson speaks, RBNZ decision, BoJ's...
This was the RBA's first rate cut since 2020, with the bank citing some progress towards bringing down inflation, but warning that further monetary easing still hinged on more downside in inflation. The central bank indicated that it would retain a restrictive policy due to the strength of the jobs market and an uncertain global economic outlook.
The AUDJPY...
