Key Support and Resistance Levels
Resistance Level 1: 97.527
Resistance Level 2: 98.091
Resistance Level 3: 99.00
Support Level 1: 96.00
Support Level 2: 95.574
Support Level 3: 95.060
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...
The GBPCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.8240 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.8240 would confirm ongoing upside momentum, with potential targets at:
1.8510 – initial...
Key Support: 196.75
This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at:
199.20 – Initial resistance and short-term target
199.70 – Minor resistance zone
200.40 – Longer-term breakout objective
However, a daily close...
Key Support and Resistance Levels
Resistance Level 1: 44708
Resistance Level 2: 44925
Resistance Level 3: 44128
Support Level 1: 44020
Support Level 2: 44760
Support Level 3: 43477
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...
Tariff Turmoil and Geopolitical Shifts – Implications for S&P 500 Trading
Donald Trump's sweeping new tariffs officially took effect, hitting nearly all U.S. trading partners. Switzerland, facing the steepest rates among developed nations, may retaliate by cancelling a major fighter jet purchase, signaling potential defense-sector implications.
Key...
The GBPCHF 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 1.0875, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.8640 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.8640 would confirm ongoing upside momentum, with potential targets at:
0.8740 – initial...
The GBPUSD remains in a bullish trend, with recent price action showing signs of a oversold really within the broader uptrend.
Support Zone: 1.3255 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3255 would confirm ongoing upside momentum, with potential targets at:
1.3440 – initial...
The DAX remains in a bullish trend, with recent price action showing signs of a oversold really within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing upside momentum, with potential targets at:
24540 – initial...
Thursday, August 7 – Market Summary
Macro Data Highlights:
US: Q2 nonfarm productivity, unit labor costs, June consumer credit, wholesale trade sales, NY Fed 1-year inflation expectations, and weekly jobless claims – all key indicators for inflation and labor market dynamics.
China: July trade balance and foreign reserves – vital for assessing global demand and...
The USDJPY 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 148.90, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
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 0.8130, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The USDCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3730 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3730 would confirm ongoing upside momentum, with potential targets at:
1.3830 – initial...
Key Support and Resistance Levels
Resistance Level 1: 2256
Resistance Level 2: 2273
Resistance Level 3: 2282
Support Level 1: 2200
Support Level 2: 2177
Support Level 3: 2140
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...
Trade Policy & Tariff Risks:
Donald Trump escalated trade rhetoric, signaling higher tariffs on countries importing Russian energy, and previewing new tariffs on semiconductors and pharmaceuticals within days. This raises geopolitical and supply chain uncertainty—key risks for NSDQ 100 tech and healthcare stocks, particularly chipmakers, drug manufacturers, and...
The Brent Crude Oil remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 6800 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 6800 would confirm ongoing upside momentum, with potential targets at:
7095 –...
The WTI Crude Oil remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 6553 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 6553 would confirm ongoing upside momentum, with potential targets at:
6850 – initial...
The CAC remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 7520 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 7520 would confirm ongoing upside momentum, with potential targets at:
7730 – initial...
