S&P500 Technical Analysis: US Stocks holding on above 2,790.00 support

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 is trading above its main simple moving average suggesting bullish momentum.

S&P500 4-hour chart

The S&P500 is trading above the 100 and 200 SMAs suggesting a bullish bias in the medium-term.

S&P500 60-minute chart

The S&P500 found some support at the 2,790.00 level.
To the upside, resistance is at 2,820.00, 2,830.00 level and 2,840.00 level.

Additional key levels

SP 500

Overview
Today last price	2803.25
Today Daily Change	1.25
Today Daily Change %	0.04
Today daily open	2802

Trends
Daily SMA20	2798.34
Daily SMA50	2750.1
Daily SMA100	2682.34
Daily SMA200	2757.39

Levels
Previous Daily High	2802
Previous Daily Low	2802
Previous Weekly High	2861
Previous Weekly Low	2800.25
Previous Monthly High	2814.25
Previous Monthly Low	2681.75
Daily Fibonacci 38.2%	2802
Daily Fibonacci 61.8%	2802
Daily Pivot Point S1	2802
Daily Pivot Point S2	2802
Daily Pivot Point S3	2802
Daily Pivot Point R1	2802
Daily Pivot Point R2	2802
Daily Pivot Point R3	2802

Author

Flavio Tosti

Independent Analyst

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.