Trend Overview:
Bitcoin BTCUSD 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: 103,620 (primary pivot), followed by 101,770 and 100,140
Resistance: 109.830...
Key Support and Resistance Levels
Resistance Level 1: 42880
Resistance Level 2: 43540
Resistance Level 3: 42940
Support Level 1: 41800
Support Level 2: 41400
Support Level 3: 41100
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...
Geopolitics & Markets:
Donald Trump left the G-7 early, denying it was to negotiate peace between Israel and Iran. He floated sending JD Vance or Steven Witkoff for talks but denied direct outreach to Iran.
Tensions escalated as Israel bombarded Iran, which retaliated with missiles and drones. Trump briefly alarmed markets by calling for the evacuation of...
Trend Overview:
EURAUD is currently exhibiting a bullish trend, with recent price action reflecting a retest of former resistance (now acting as support)—a classic bullish continuation pattern.
Key Support Level:
1.7660 – A pivotal zone representing the previous consolidation area. This level now serves as key support and a decision point for the next...
Trend Overview:
EUR/CHF continues to display a bearish trend, with current price action forming a corrective pullback against the broader downward momentum.
Key Resistance Level:
0.9430 – This is a significant previous intraday consolidation zone and currently acts as a pivotal resistance level.
Bearish Scenario (Primary Bias):
A short-term oversold rally into...
EUR/USD Technical Analysis
Trend Overview:
EUR/USD continues to exhibit bullish price action, supported by a rising trend structure. The recent intraday movement shows signs of sideways consolidation, suggesting a potential continuation pattern rather than reversal.
Key Support Level:
1.1520 – Marks the lower boundary of the previous consolidation range and...
Trend Overview:
The DAX equity index remains in a bearish trend, with recent price action forming a corrective pullback within that prevailing structure.
Key Resistance Level:
23690: This level marks a significant previous intraday consolidation zone and acts as a key resistance barrier.
A rally into this zone is likely to face selling pressure unless buyers...
Trend Overview:
The NZDUSD 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: 0.6000 (primary pivot), followed by 0.5985 and 0.5950
Resistance: 0.6100...
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: 0.6465 (primary pivot), followed by 0.6445 and 0.6400
Resistance: 0.6570...
The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a corrective pullback, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 0.8166, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection...
The Israel-Iran conflict has now entered its fourth day, with no signs of de-escalation. Iran launched more missile attacks, while Israel struck back, targeting a major gas field and a key military figure. Notably, Israeli strikes damaged Iran’s uranium facility in Isfahan, and an Iranian missile caused minor damage near the U.S. consulate in Tel Aviv.
While...
Gold (XAU/USD) is trading lower during the first half of the European session, ending a three-day winning streak that had pushed it near a two-month high earlier on Monday. A stronger performance in equity markets is reducing demand for safe-haven assets like gold.
However, losses are limited due to a few key factors:
Ongoing Middle East tensions are keeping...
Trend Overview:
EURGBP 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: 0.8490 (primary pivot), followed by 0.8470 and 0.8450
Resistance: 0.8550 (initial), then...
Trend Overview:
The GBPAUD 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: 2.0690 (primary pivot), followed by 2.0600 and 2.0535
Resistance: 2.1056...
The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal.
Key Support Level: 1.3500
This level aligns with a previous consolidation zone and is acting as a...
Trend Overview:
The FTSE100 equity index 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: 8800 (primary pivot), followed by 8760 and 8700
Resistance: 8940 (initial),...
Key Data Releases:
US Empire Manufacturing Index (June): Snapshot of NY manufacturing. May impact USD and Treasuries.
China (May): Retail sales, industrial production, home prices, and property investment – critical for global growth sentiment. Impacts commodities, AUD, and risk appetite.
Eurozone Q1 Labour Costs: Monitored by ECB for wage inflation. Affects...
