The FTSE remains in a bullish trend, with recent price action showing signs of a corrective sideways consolidation within the broader uptrend.
Support Zone: 9066 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from would confirm ongoing upside momentum, with potential targets at:
9185 – initial...
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Market Summary – Wednesday, August 6
Key Data Releases:
UK July Construction PMI and Eurozone July Construction PMI provide fresh insight into construction sector momentum amid rate cut hopes.
Germany June Factory Orders and Italy June Industrial Production offer signals on European industrial resilience.
France Q2 Private Payrolls and Eurozone...
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 ETHUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 3,485 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3,485 would confirm ongoing upside momentum, with potential targets at:
3,800 – initial...
The BTCUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 112,760 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 112,760 would confirm ongoing upside momentum, with potential targets at:
117,680 –...
Key Support and Resistance Levels
Resistance Level 1: 44515
Resistance Level 2: 44710
Resistance Level 3: 45100
Support Level 1: 43945
Support Level 2: 43756
Support Level 3: 43482
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...
Stocks are climbing higher, with S&P 500 futures up on hopes for interest rate cuts and solid company earnings. The outlook is positive, especially in the finance world—bankers, hedge funds, and asset managers are expected to get higher bonuses this year, reflecting stronger market conditions.
On the global front, the US is looking to tighten control over chip...
The EURAUD pair is currently trading with a bearish bias, aligned with the broader range-bound sideway consolidation. Recent price action shows a retest of the resistance, (previous rising support)
Key resistance is located at 1.7907, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 1.7907...
The EURCHF 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 0.9364, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish...
The EURUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.1526 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.1526 would confirm ongoing upside momentum, with potential targets at:
1.1714 – initial...
The DAX remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 23375 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23375 would confirm ongoing upside momentum, with potential targets at:
23900 – initial...
Tuesday, August 5 – Market Summary
Key Data Releases:
US:
ISM Services (July) – A key gauge of the services sector's health.
Trade Balance (June) – Provides insight into export/import dynamics and GDP impact.
China:
Services PMI (July) – Measures activity and sentiment in the service sector.
UK:
Official Reserves Changes (July)
New Car Registrations – A...
Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6420 (primary pivot), followed by 0.6400 and 0.6370
Resistance: 0.6560...
The NZDUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.5887 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.5887 would confirm ongoing upside momentum, with potential targets at:
0.6020 – initial...
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 Silver remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 3600 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3600 would confirm ongoing upside momentum, with potential targets at:
3756 – initial...
The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3308 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3308 would confirm ongoing upside momentum, with potential targets at:
3387 – initial...
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...
