Currencies
- EUR/USD: The pair is bouncing back up from OUR identified support zone (given on the 26th February) on a 4 hour time frame. The next support is near the 1.08832 level and the resistance is 1.1387.
- USD/JPY: The pair has broken its downward trend line on a 4 hour time frame. The near term support is at 109.60 and the resistance is at 115.83.
- GBP/USD: The pair is trading below the 50 and 100 day moving average on a 4 hour time frame. The next resistance is at 1.4014 and the support is 1.3752.
Indicators
Indices
- Asian markets closed mostly higher on the first trading day of the week. The Shanghai index was the worst performer during the session and it closed lower with a loss of 0.95%. The index is down by 9.53% during the past 5 sessions.
- European futures are trading lower during the early hours of trading. The DAX index is trading lower with a loss of 0.29%. The index is down by nearly 3.58% over the past five sessions.
- The US markets are trading lower ahead of the Pending home sales data. The NASDAQ index was the best performer on the last trading day with a gain of 0.17%.
Top News5
- The Japanese retail sales data data came in at -0.1% at while the forecast was for 0.2%.
- The German retail sales data came in at 0.7% and the previous reading was at 0.6%.
Market Sentiment
- Crude Oil: The black gold is trading above its upward trend line on a 4 hour time frame. The next support is near the 31.28 and the resistance is 34.91.
- Gold: The precious metal is trading below its downward trend line on a 4 hour time frame. The next resistance is at 1260 and the support is at 1219.
- The VIX index popped by 3.66% during the last session.
Top Economic data
No News
Trends
DISCLOSURE & DISCLAIMER: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.
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