MARKET NEWS SUMMARY

Sterling Pound (GBPUSD)

From the daily time frame, the overall trend for the Cable is bearish. However, from the hourly time frame, GBPUSD seems to be moving horizontally after an initial break to the downside. The RSI and MACD are within the centre-line which shows that price is likely to keep moving horizontally.

PIVOT POINT: 1.3080

S1S2S3
SUPPORT1.31001.31201.3160
R1R2R3
RESISTANCE1.30501.30301.3010

Spot Gold (XAUUSD)

From the overview of price in the daily time frame, GOLD SPOT price has been moving horizontally after an initial drop from the upside. Likewise, from the hourly time frame, the price is also moving in a horizontal direction as the 20 periods MA is moving alongside the current price levels. The RSI and MACD both signal an indecisive movement of price.

PIVOT POINT: 1,930

S1S2S3
SUPPORT1,9351,9501,960
R1R2R3
RESISTANCE1,9201,9151,910

S&P 500 (SPX500)

The general trend of SPX500 from the daily time frame is bullish. From the hourly time frame, the price seems to have broken the previous structure to the upside and is likely to retest around the level of 4,500 and a possible retest of the 20 periods moving average before continuing to the upside. The RSI and MACD both signal price continuation to the upside.

PIVOT POINT: 4,500

S1S2S3
SUPPORT4,5204,5404,560
R1R2R3
RESISTANCE4,4604,4404,420

Canadian Dollar (USDCAD)

The daily movement of the price of USDCAD is moving in a horizontal direction. However, from the hourly time frame price seems to be bullish and retesting the level of 1.2575 which has a possible intersection with the 2periodsod MA. The MACD and RSI are above the centre-line which signals a continuation of price to the upside.

PIVOT POINT: 1.2575

S1S2S3
SUPPORT1.26201.26501.2690
R1R2R3
RESISTANCE1.25501.25301.2504

Ethereum (ETHUSD)

From the overview of the price in ETHUSD, the overall trend from the daily time frame looks bullish. Similarly, from the hourly time frame price has formed an ascending triangle which signals a bullish momentum of price to the upside. The RSI indicates a possible movement of price to the upside.

PIVOT POINT: 3,263.0

S1S2S3
SUPPORT3,3603,4243,470
R1R2R3
RESISTANCE3,2103,1603,115

Designer

Recent Posts

Daily Fundamental Update: U.S. markets erase most of Wednesday’s gains, Dow Jones falls 1,000 points

China hits back with a 145% tariff. Apple faces considerable challenges The trade war continues…

3 hours ago

Daily Technical Breakdown: Gold hits new record above $3,200 following U.S. inflation numbers

Gold continues to climb higher as the trade war heats up after both the U.S.…

3 hours ago

Hope in Action: STARTRADER Shares Smiles with CCD’s Little Stars

Supporting Thailand’s Little Stars March 18, 2025 , reflecting their commitment to corporate social responsibility,…

1 day ago

Daily Technical Breakdown: Dow Jones jumps 3,000 points and breaks beyond 40,000 level

Dow Jones rebounds with a 7.87% increase Following yesterday’s sudden announcement by U.S. president Donald…

1 day ago

Daily Fundamental Update: U.S. Stocks Skyrocket after Trump’s Temporary Pause on Tariffs

Key Takeaways Major US indices witness their best daily performance in years. Trump announces temporary…

1 day ago

Daily Technical Breakdown: Oil Drops to Four-year Low As Fears of Recession Grow

Gold (XAUUSD) Gold prices recovered after yesterday’s decline below the $3,000 level. During the London…

2 days ago

This website uses cookies.