FOREX EUR/USD EUR/USD trades below its prior close and MA20, but remains above its MA50 and MA200, indicating a mixed short-term trend within a broader uptrend. Price holds near the session low of 1.16560, resisting the MA200 at 1.16310. The 60-day swing high at 1.17123 serves as immediate resistance, while the 61.8% Fibonacci retracement of the 60-day swing (1.17123 - 1.13254) is at 1.1477. The pair is currently testing support around the MA200. A break above 1.16630 could target 1.16747. Bias: Neutral; invalidation below 1.16310.
GBP/USD GBP/USD shows weakness, trading significantly below its prior close and dipping below its MA20, though maintaining above its MA50 and MA200. The session range is tight, with the pair consolidating near 1.35890. The 60-day swing high of 1.36750 acts as immediate resistance. Support is seen near the MA20 at 1.35330. The 38.2% Fibonacci retracement of the 60-day swing (1.36750 - 1.31430) is at 1.34720. Bias: Bearish; invalidation above 1.36000.
USD/JPY USD/JPY exhibits mild strength, above its prior close and MA20, but below its MA50. The pair is trading near the upper end of its narrow session range. Resistance is evident at the 159.400 session high, with the MA50 at 160.942 posing a longer-term hurdle. Support is found near the MA20 at 158.797. The 50% Fibonacci retracement of the 60-day swing (163.979 - 155.256) is at 159.617. Bias: Bullish; invalidation below 158.797.
AUD/USD AUD/USD is showing strength, trading above its prior close, session high, and all key moving averages (MA20, MA50, MA200). The pair is pressing against the 60-day swing high of 0.71900. A clear breakout above this level would signal further upside momentum, potentially targeting the 0.72000 psychological level. Near-term support is at the MA20 at 0.70860. The 127.2% Fibonacci extension from the 60-day swing (0.71900 - 0.68657) projects to 0.72800. Bias: Bullish; invalidation below 0.71700.
US Dollar Index (DXY) DXY is marginally lower, hovering around its MA200 but below its MA20 and MA50, suggesting a neutral to slightly bearish short-term outlook. The index is trading within a tight range of 99.096-99.156. Resistance is at the MA200 at 99.166, with further resistance at the MA20 at 99.511. Support is seen towards the 60-day swing low of 98.560. Bias: Neutral; invalidation above 99.200.
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are posting strong gains, trading above the prior close and all moving averages (MA20, MA50, MA200). The current price of 29463.00 is below the MA20 at 29533.10 but above the MA50. This indicates a bullish short-term trend encountering minor resistance. The session high of 29654.75 is the immediate upside target, with resistance at 30000. Support is firm at the MA50 at 29427.31. The 60-day swing low is 27201.50. Bias: Bullish; invalidation below 29427.31.
S&P 500 futures (ES) ES futures are trading higher, above the prior close but slightly below the MA20 at 7721.44. Price remains firmly above the MA50 and MA200, indicating a strong underlying uptrend. The 7710.00 session low provides initial support, with the MA50 at 7592.78 offering stronger support. Resistance is at the session high of 7741.25. The 61.8% Fibonacci retracement of the 60-day swing (7838.50 - 7232.25) is at 7458.70. Bias: Bullish; invalidation below 7700.00.
Dow futures (YM) YM futures show modest gains, trading above the prior close but below the MA20 at 53669.75. The index is well above its MA50 and MA200, confirming a robust uptrend. The current price of 53609.00 faces resistance at the MA20. Support is near the session low of 53603.00, with the MA50 at 52958.54 providing substantial support. The 60-day swing high is 54884.00. Bias: Bullish; invalidation below 53500.00.
DAX DAX trades marginally higher, above its prior close and MA20, MA50, and MA200. This indicates a clear short-term uptrend. The index is trading near its prior close, suggesting consolidation after overnight moves. Immediate resistance is the session high of 26466.76. Support is near the MA20 at 26157.69. The 60-day swing high of 26573.50 is the next significant target. Bias: Bullish; invalidation below 26157.69.
FTSE 100 FTSE 100 is slightly lower, trading below its prior close but holding above its MA20, MA50, and MA200. The index is consolidating near the session low of 10855.62. This suggests a minor pullback within an established uptrend. Resistance is at the prior close of 10886.20 and the MA20 at 10829.88 provides initial support. The 60-day swing high is 10989.50. Bias: Neutral; invalidation below 10829.88.
COMMODITIES Spot gold (XAU/USD) Gold shows significant strength, trading up 1.38% and above all key moving averages. Price has extended beyond its MA200 at 4511.83 and is testing the 60-day swing high of 4697.40. This confirms a strong bullish breakout. Immediate resistance is the session high of 4697.40. Support is at the MA20 at 4392.83. The 161.8% Fibonacci extension of the 60-day swing (4697.40 - 3962.50) projects to 5143.0. Bias: Bullish; invalidation below 4600.00.
Spot silver (XAG/USD) Silver is also rallying, up 0.85%, trading above its MA20 and MA50, but still below its MA200. Price is near the session low of 68.090, indicating some profit-taking after the initial surge. The MA200 at 71.463 acts as significant overhead resistance. Support is seen at the MA20 at 64.725. The 60-day swing high is 74.200. Bias: Bullish; invalidation below 67.000.
Copper Copper is strongly higher, up 1.64%, trading above its prior close, session high, and all key moving averages. The current price of 6.70250 is near the 60-day swing high of 6.75000. This indicates a robust uptrend and a potential breakout. A break above 6.75000 would target new highs. Support is at the MA20 at 6.58720. The 127.2% Fibonacci extension of the 60-day swing (6.75000 - 5.92850) projects to 6.96000. Bias: Bullish; invalidation below 6.65000.
WTI crude WTI crude is lower, down 0.78%, trading below its prior close and MA20. Price is now below its MA20 at 82.254, indicating short-term weakness, though it remains above its MA50 and MA200. The session range is tight with price near the low of 81.490. Resistance is at the MA20. Support is seen at the MA50 at 79.128. The 50% Fibonacci retracement of the 60-day swing (97.000 - 67.040) is at 82.020, acting as current resistance. Bias: Bearish; invalidation above 82.254.
Brent crude Brent crude is also showing weakness, down 1.61%, trading below its prior close and MA20. The price has fallen below its MA20 at 87.832 but remains above its MA50 and MA200. The session low of 86.160 is holding as support for now. Resistance is at the MA20. Strong support is at the MA50 at 84.145. The 38.2% Fibonacci retracement of the 60-day swing (102.010 - 70.140) is at 82.260. Bias: Bearish; invalidation above 87.832.
Natural gas Natural gas is significantly higher, up 2.36%, trading above its prior close and MA20. However, it remains below its MA50 and MA200, indicating a mixed longer-term trend despite short-term strength. The current price of 2.90900 is testing the MA50 at 2.92150. Resistance is at the MA50, with the session high of 2.93500 as immediate hurdle. Support is at the MA20 at 2.75570. Bias: Bullish; invalidation below 2.85000.
RATES US 10-year Treasury yield The US 10-year Treasury yield is up 0.54%, trading above its prior close but marginally below its MA20. It remains above its MA50 and MA200, indicating a broader uptrend. The yield is testing resistance near the MA20 at 4.67970. The 60-day swing high of 4.74700 is the next significant resistance level. Support is at the MA50 at 4.59040. Bias: Bullish; invalidation below 4.60000.
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LONDON OPEN WATCH: Equities and precious metals show strong bullish momentum, with NQ and XAU/USD leading. Watch for DXY weakness to potentially extend, further supporting commodity and non-USD FX strength.