Market analysis from Trade Nation
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 DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend. Support Zone: 23400 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 23400 would confirm ongoing upside momentum, with potential targets at: 23950 – initial...
Wednesday, September 3, 2025 – Economic and Earnings Summary Economic Data Highlights Australia Q2 GDP Grew 0.6% quarter-on-quarter Annual growth at 1.8%, boosted by household spending United States (August) Manufacturing PMI at 48.7 (still contracting) New orders rose to 51.4 (first expansion in 7 months) Productivity up 2.4%, unit labor costs up...
Key Support and Resistance Levels Resistance Level 1: 45766 Resistance Level 2: 45920 Resistance Level 3: 46080 Support Level 1: 45050 Support Level 2: 44900 Support Level 3: 44730 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...
The GBPJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a temporary relief rally within the downtrend. Key resistance is located at 200.40, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish...
The GBPCAD remains in a bullish trend, with recent price action showing signs of a continuation rally within the broader uptrend. Support Zone: 1.8585 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.8585 would confirm ongoing upside momentum, with potential targets at: 1.8753 – initial...
Key Support and Resistance Levels Resistance Level 1: 5488 Resistance Level 2: 5546 Resistance Level 3: 5605 Support Level 1: 5306 Support Level 2: 5277 Support Level 3: 5240 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...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 0.8590 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 0.8590 would confirm ongoing upside momentum, with potential targets at: 0.8680 – initial...
The GBPUSD remains in a bullish trend, with recent price action showing signs of a consolidation breakout rally within the broader uptrend. Support Zone: 1.3466 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3466 would confirm ongoing upside momentum, with potential targets at: 1.3675 –...
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 9160 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 9160 would confirm ongoing upside momentum, with potential targets at: 9246 – initial...
Key Economic Data: US ISM (August): Slight improvement, but still below 50 (contraction zone). US Construction (July): Down 0.3%, showing weaker building activity. Japan Monetary Base: Down 3.9% YoY, confirming ongoing tightening by the BoJ. Eurozone CPI (August): Around 2.2%, steady and near ECB’s target. Canada Manufacturing PMI: Still in contraction (last...
The ADAUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 7920 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 7920 would confirm ongoing upside momentum, with potential targets at: 9345 – initial...
The ETHUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 4,100 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 4,100 would confirm ongoing upside momentum, with potential targets at: 4,450 – initial...
The BTCUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 109,040 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 109,040 would confirm ongoing upside momentum, with potential targets at: 115,420 –...
Key Support and Resistance Levels Resistance Level 1: 45766 Resistance Level 2: 45920 Resistance Level 3: 46080 Support Level 1: 45050 Support Level 2: 44900 Support Level 3: 44730 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...
US Macro: Q2 headline PCE revised down: +2.0% (vs +2.1%), core PCE steady: +2.5%. Jobless claims: 229k (vs 230k), continuing 1.954m (vs 1.966m). → Soft-landing narrative reinforced, easing recession fears. US Equities: S&P 500 +0.32% → 3rd straight gain, fresh ATH. NASDAQ +0.53% led by tech. Nvidia -0.79% on slowing revenue growth...
The Silver remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend. Support Zone: 3830 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3830 would confirm ongoing upside momentum, with potential targets at: 3965 – initial...
The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend. Support Zone: 3376 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3376 would confirm ongoing upside momentum, with potential targets at: 3420 – initial...