Wall_streetace

Wall_streetace

Key levels: R1 – 13171 R2 - 12945 S1 – 12399 S2 – 11230 Analysis: Nasdaq’s R1 level of 12945 last tested before Apple earnings on 2nd Feb 2023 has eluded the asset. This however might change since Nasdaq has exhibited resilience in the light of SVB fallout and recent US CPI readings, Nasdaq is up close more than 2,000 points from a bottom made in January 2023....

Wall_streetace

US DOLLAR INDEX(DXY) Key Levels: R1 – 105.555 R2 – 103.686 S1 – 101.446 S2 – 100.508 Analysis: DXY has had a rough batch since the last weekly analysis, failing to retest R1 and as per last week, R2. Despite the rate hike last week by the FED, upside momentum has eluded DXY. This is due to the capital flight to safe havens Gold and JPY in the light of the...

Wall_streetace

Key levels: R1 – 34503 R2 – 33829 R3 – 33076 R4 - 32771 S1 – 31514 Analysis: US30’s S1 level held strongly last week. It retested this level and rose sharply on the news of liquidity injections by a coordinated effort of the Central banks. Last week’s FED rate hike and banking crisis woes aired out by Powell kept the Dow on tenterhooks, failing to break the...

Wall_streetace

Key levels: R1 – 15700 R2 – 15476 S1 – 15290 S2 – 14979 S3 - 13808 Analysis: DAX40’s price action this year is a lot like Nasdaq 100. It seems to largely remain sticky upwards. Despite the intensity of its selloff after the SVB spillover to Europe, specifically Switzerland. The index recovered its price action from a slump back above January 2023 highs above...

Wall_streetace

PEPPERSTONE:GER40 Idea doing well!!Pls check previous idea shared.

Wall_streetace

I have observed that GER40 had a very fuelled rally to 15224 tops this week commencing 16th January 2023. Whilst it might be earnings season, I believe the bearish trend still stands and we are likely to see a strong but gradual reversal back to the yearly trending range where we have the MA100. Fundamentals: ECB has hinted on a terminal rate close to 3.25%....