Market analysis from Trade Nation
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: 3310 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3310 would confirm ongoing upside momentum, with potential targets at: 3383 – initial...
The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 0.8590 – 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 GBPAUD 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 2.0870, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish...
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: 9220 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 9220 would confirm ongoing upside momentum, with potential targets at: 9360 – initial...
Markets will turn their attention to a handful of US activity indicators and Germany’s key business sentiment survey at the start of the week. US data: The July Chicago Fed National Activity Index will give a broad gauge of underlying economic momentum, followed later by new home sales, offering another read on the housing market after recent strength in starts...
Key Drivers Powell @ Jackson Hole (10am EST): July FOMC was hawkish on labour, but payroll revisions weaker since → tone today could soften. Market focus: whether Powell leans on labour weakness vs still-solid inflation & activity. Outcome = pivotal for Fed cut expectations and tech valuations. Macro/Policy Noise: Halts & policy risks: immigration and visa...
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: 110,780 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 110,780 would confirm ongoing upside momentum, with potential targets at: 116,890 –...
Key Support and Resistance Levels Resistance Level 1: 2320.70 Resistance Level 2: 2336.20 Resistance Level 3: 2352.80 Support Level 1: 2280.00 Support Level 2: 2264.10 Support Level 3: 2240.35 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...
Key Support and Resistance Levels Resistance Level 1: 45400 Resistance Level 2: 45660 Resistance Level 3: 46000 Support Level 1: 44380 Support Level 2: 44080 Support Level 3: 43675 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 Silver remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend. Support Zone: 3753 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3753 would confirm ongoing upside momentum, with potential targets at: 3875 – initial...
The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend. Support Zone: 3310 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 3310 would confirm ongoing upside momentum, with potential targets at: 3383 – initial...
Key Support and Resistance Levels Resistance Level 1: 5488 Resistance Level 2: 5546 Resistance Level 3: 5605 Support Level 1: 5370 Support Level 2: 5306 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 FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 9220 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 9220 would confirm ongoing upside momentum, with potential targets at: 9360 – initial...
Key Data UK: Consumer confidence improved (–17 vs –19), helped by BoE rate cut. July retail sales delayed; surveys show mixed picture—fashion/discretionary strong, but overall retail still weak. Japan: Inflation eased to 3.1%, but core remains above 3% → BoJ still under pressure to tighten. France: Business confidence steady at 96; retail very weak, services...
The AUDJPY remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 94.37 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 94.37 would confirm ongoing upside momentum, with potential targets at: 96.60 – initial...