Technical Breakdown Resistance Zone (22,264 – 22,425): MACD: Moving Averages: Outlook & Trade Setup: Term Bias Notes Short-Term (1–2 weeks) Cautious Bullish Price nearing ATH, but momentum is fading. Risk of rejection. Medium-Term (June–July) Bullish Breakout above ATH could trigger a run to 23,151 (R2) or 24,444 (R3). Long-Term Structural Uptrend Macro trend remains bullish Read More…
The US equities surged on Monday as investors appreciated the easing Middle East crisis, resulting in lower oil prices. The Dow Jones Industrial Average gained around 0.8%, which is more than 300 points. The S&P 500 also gained 0.9%, marking fresh all-time highs. The tech-heavy NASDAQ soared by 1.5%, outperforming others as the growth stocks Read More…
Price Action & Momentum Technically, DXY is in a confirmed bear trend. A sustained close below 97.93 would expose the 96.75 level next (S2). Reclaiming 100 would be necessary for bulls to regain control. Macroeconomic Pressures on the U.S. Dollar Rate Cut Expectations Soften Yield Appeal Twin Deficits – Fiscal and Current Account Political Uncertainty Read More…
Technical Overview Resistance Zone & ATH Key Pivot Levels Pivot Zone Price ATH / R1 22,425.75 R2 23,151.50 R3 24,444.00 Pivot (neutral) 20,971.50 S1 (support) 20,084.00 It looks like its just a matter of time before the price breaks above the high but nothing is certain in markets so we have to wait and see. Read More…
Equities edged higher on Monday due to optimism over ongoing talks between China and the US. Meanwhile, the focus was shifting from Friday’s upbeat US employment data. Market participants are now gearing up for consumer inflation data. Equities weekly change (Source: Bloomberg) On Friday, equities rallied after the US released a positive employment report, ending Read More…
Chart Structure Symmetrical Triangle Previous Demand Zone Indicators RSI (14) Pivot Levels Level Description S1 $3,143 Key support/demand base Pivot $3,246 Inside triangle, base for breakout R1 $3,468 Initial resistance on breakout R2 $3,620 Primary measured target R3 $3,792 Stretch target if breakout is impulsive Market Context Trades Bullish Breakout Entry Failure Reversal Watch Bear/Bull Read More…
