EURUSD

Initial resistance and Point of control is at 1.0909.
Confirmed breakout higher could target further upside resistance at 1.0955 followed by 1.1016 and 1.1050.
Downside is supported by 1.0750 followed by 1.0690 and 1.0645.


Gold

Initial point of control is at 1192.50.
Confirmed loss of that support level could target further downside support at 1185 followed by 1175 and 1170.
Upside is initially capped by resistance at 1207. Breakout could potentially target further upside resistance at 1225 followed by 1244.


FTSE testing important support

Important support is at 6855 flowed by 6839.
Confirmed loss of that support zone could target further downside support at 6790 and 6720 which is Daily 200EMA.
As long as 6855 support holds oversold bounce backs are quite possible potentially targeting upside resistance is at 6920 followed 6954 and 6980.


Dow consolidation

Important support is at 17665.
Confirmed loss of that level could target further downside support at 17582 followed by 17479 (Daily 200EMA)
Any oversold bounce backs are initially capped by resistance at 17820 followed by 17907 and 17994.


Any discussions held, views and opinions expressed and materials provided during TraderCast sessions are the views, opinions and materials of Phillip Konchar alone. All information and materials provided are not independent investment research and are provided for general information purposes only and does not take into account your personal circumstances or objectives. These sessions or any materials provided are not and shall not be construed as financial promotion, nor are they (or should be construed to be) financial, investment or other advice upon which reliance should be placed. Phillip Konchar’s trading strategies do not guarantee any return and Phillip Konchar shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Spread trading is a leveraged product and carries a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your initial investment and you may be required to make further payments. It may not be suitable for all customers therefore ensure you understand the risks and seek independent advice.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD pressures as Fed officials hold firm on rate policy

AUD/USD pressures as Fed officials hold firm on rate policy

The Australian Dollar is on the defensive against the US Dollar, as Friday’s Asian session commences. On Thursday, the antipodean clocked losses of 0.21% against its counterpart, driven by Fed officials emphasizing they’re in no rush to ease policy. The AUD/USD trades around 0.6419.

AUD/USD News

EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session. The hawkish comments from Federal Reserve officials provide some support to the US Dollar.

EUR/USD News

Gold price edges higher on risk-off mood hawkish Fed signals

Gold price edges higher on risk-off mood hawkish Fed signals

Gold prices advanced late in the North American session on Thursday, underpinned by heightened geopolitical risks involving Iran and Israel. Federal Reserve officials delivered hawkish messages, triggering a jump in US Treasury yields, which boosted the Greenback.

Gold News

Runes likely to have massive support after BRC-20 and Ordinals frenzy

Runes likely to have massive support after BRC-20 and Ordinals frenzy

With all eyes peeled on the halving, Bitcoin is the center of attention in the market. The pioneer cryptocurrency has had three narratives this year already, starting with the spot BTC exchange-traded funds, the recent all-time high of $73,777, and now the halving.

Read more

Billowing clouds of apprehension

Billowing clouds of apprehension

Thursday marked the fifth consecutive session of decline for US stocks as optimism regarding multiple interest rate cuts by the Federal Reserve waned. The downturn in sentiment can be attributed to robust economic data releases, prompting traders to adjust their expectations for multiple rate cuts this year.

Read more

Majors

Cryptocurrencies

Signatures