US stock futures dropped and the dollar weakened as concerns grew that the trade war could cause lasting economic damage. This came despite a surge in European and Asian equities, which followed a major rally on Wall Street after President Trump unexpectedly paused most of his tariffs. The move lifted global risk sentiment temporarily, but also isolated China as...
The GBP/CHF currency pair remains under bearish pressure, in line with the broader downtrend. Recent price movement reflects an oversold rally that stalled near a key resistance level at 1.1120, which previously acted as an intraday consolidation zone.
This level now serves as a crucial pivot. If price fails to break above 1.1120 and faces rejection, it could...
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: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8576 – initial resistance
0.8616 and 0.8650 –...
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be a corrective pullback toward a key prior consolidation area.
Key Support: 1.2765 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.2935 – initial resistance...
The DAX40 continues to exhibit bearish sentiment, aligning with the prevailing downward trend. Recent price action suggests that the index experienced an oversold rally, which was subsequently rejected near a key resistance zone — the previous intraday consolidation level around 21,520.
This area now serves as a critical pivot point. A failure to break above...
Key Economic Data
US:
March CPI – Major inflation gauge, key for rate expectations
Initial Jobless Claims – Labor market health
Federal Budget Balance – Fiscal position
China:
March CPI & PPI – Inflation trends, key for global commodities
UK:
March RICS House Price Balance – Real estate sentiment
Japan:
March PPI & Bank Lending – Inflation and credit...
The USDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 148.10 (critical level), 150.10, 150.90
Support Levels: 144.20, 143.00, 141.40
Bearish Scenario:
A...
Market Sentiment:
The prevailing trend for USDCHF remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery.
Key Levels:
Resistance: 0.8540 (Previous consolidation zone)
Support Levels: 0.8335 followed by 0.8265 and 0.8200
Potential Scenarios:
Bearish Continuation: If USDCHF fails to break above0.8540 and...
The USDCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.4300, 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 1.4300 resistance, could lead to a...
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...
Donald Trump’s new reciprocal tariffs are now in place, adding pressure to the global economy as he aims to reshape international trade. Unlike past moves, China hasn’t responded immediately, marking a shift from its usual quick retaliation.
European and Japanese stocks fell on rising trade tensions, while U.S. futures remain steady ahead of the open. According to...
Brent Crude Oil selling pressure continuation
Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6350 (former support, now resistance), 6622, 6774
Support: 5762, 5505, 5040
Bearish Outlook:
Price has broken...
WTI Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6065 (former support, now resistance), 6307, 6400
Support: 5480, 5336, 5200
Bearish Outlook:
Price has broken below 6065, which was a key intraday...
The CAC 40 continues to exhibit bearish sentiment, in line with the prevailing downtrend. Recent price action has confirmed a break below a key consolidation support zone, reinforcing the downside bias.
Key Technical Levels:
Resistance Zone: 7000 (short-term), 7186 (major resistance / former consolidation zone)
Support Levels: 6760 (initial target), 6630...
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: 7770 – former support turned resistance, aligning with the intraday consolidation area.
Support Levels:
7522 – near-term target if bearish momentum continues
7463 and 7400...
Wednesday, April 9 – Market Highlights
Economic Data:
US February Wholesale Trade Sales – Insight into inventory and business spending; may impact GDP outlook.
Japan March Consumer Confidence – Indicator of consumer sentiment; could influence JPY and equities.
Japan Machine Tool Orders – Key for industrial activity; relevant for JPY and manufacturing...
Market Sentiment:
The prevailing trend for LTCUSD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery.
Key Levels:
Resistance: 897.70 (Previous consolidation zone)
Support Levels: 826.80 → 790.20 → 746.40
Potential Scenarios:
Bearish Continuation: If LTCUSD fails to break above 800.70 and faces...
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 downside...
