FOREX DXY DXY is trading higher in the session, pushing above its previous close and testing the upper end of its session range. Price is currently above the MA20 and MA200 but remains below the MA50, indicating a short-term bullish bias within a broader consolidation. The move above the 99.67 level suggests renewed dollar strength, potentially challenging the 99.72 session high resistance. Further upside faces resistance at the 60-day swing high of 101.80. Bias: Bullish above 99.170 (previous close).
EUR/USD EUR/USD is under pressure, trading firmly below its MA20, MA50, and MA200, signalling a bearish technical posture. The current price of 1.15870 is near the session low of 1.15820, breaking below the MA20 at 1.15930. The pair is approaching the lower bound of its 60-day swing range (1.13254), indicating potential for further decline. The immediate resistance is the previous close at 1.16564. Bias: Bearish below 1.15930 (MA20).
GBP/USD GBP/USD shows weakness, trading down from its previous close and below its MA20, though still above the MA50 and MA200. The session low of 1.35270 is being tested, and a break below this level would confirm further downside momentum. Key support is seen at the MA50 (1.34250) and the 60-day swing low (1.31430). The current move looks like a retest of the MA20 break. Bias: Bearish below 1.35430 (MA20).
USD/JPY USD/JPY is displaying strength, trading above its MA20 and MA200, but still below its MA50, suggesting a mixed trend but with bullish momentum in the short term. Price is currently at 160.038, near the session high of 160.202, indicating continued upward pressure. Resistance at the MA50 (160.873) is the next immediate hurdle, followed by the 60-day swing high of 163.979. The pair continues to climb despite the elevated DXY. Bias: Bullish above 159.321 (previous close).
AUD/USD AUD/USD is trading at its session low of 0.71640, reflecting significant weakness and firmly below its MA20, MA50, and MA200. This reinforces a clear bearish trend structure, despite the MA crossover from bullish. The pair recently hit the upper bound of its 60-day swing (0.72070) before turning lower. Continued weakness could target the MA200 at 0.69670. Bias: Bearish below 0.71000 (MA20).
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are trending higher, trading above their MA50 and MA200, but currently slightly below the MA20, indicating a minor pullback within a strong overall uptrend. The current price of 29491.75 is near the MA20 (29544.74), suggesting a retest of this level. Support is found at the previous close of 29289.50. The session high of 29811.50 needs to be cleared for sustained upside towards the 60-day swing high at 30968.00. Bias: Bullish above 29431.96 (MA50).
S&P 500 futures (ES) ES futures are showing strength, trading above their MA20, MA50, and MA200, maintaining a clear bullish trend. The current price of 7722.00 is near the MA20 (7722.95), which is acting as immediate support. The session low of 7712.00 has held, indicating buying interest on dips. A clear break above the session high of 7782.50 would target the 60-day swing high of 7838.50. Bias: Bullish above 7690.00 (previous close).
Dow futures (YM) YM futures are showing modest gains, trading above their MA50 and MA200 but currently below the MA20, suggesting short-term consolidation within an established uptrend. The price action is tight within the session range, with support at the previous close of 53521.00. A break above the MA20 (53670.35) would confirm renewed upward momentum towards the 60-day swing high of 54884.00. Bias: Bullish above 53521.00 (previous close).
DAX DAX is exhibiting strong bullish momentum, trading higher and setting a new 60-day swing high at 26618.74 during the session. Price is well above its MA20, MA50, and MA200, indicating a robust uptrend. The previous close of 26285.96 now acts as strong support, while the session high presents immediate resistance. The ATR14 suggests continued volatility. Bias: Bullish above 26285.96 (previous close).
FTSE 100 FTSE 100 is trading lower from its previous close, currently below its MA20 but above its MA50 and MA200, indicating short-term weakness within a broader bullish trend. The current price of 10824.26 is near the MA20 (10824.64), which is acting as resistance. A break below the session low of 10792.44 could signal a deeper retracement towards the MA50 at 10683.36. Bias: Bearish below 10824.64 (MA20).
COMMODITIES Spot gold (XAU/USD) Gold is under significant pressure, trading down sharply and firmly below its MA20, MA50, and MA200, reinforcing a strong bearish trend. The current price of 4529.90 is closer to the session low of 4495.50 than the session high of 4688.00. The break below the MA200 at 4511.57 is a significant bearish signal, with potential to target the MA50 at 4206.40. Bias: Bearish below 4511.57 (MA200).
Spot silver (XAG/USD) Silver is consolidating after a downward move, trading below its previous close and significantly below its MA200, though above its MA20 and MA50. The session low of 66.830 provides immediate support. The bearish divergence from its MA200 at 71.468 is a concern, indicating a loss of long-term momentum. A break above 67.990 (previous close) is needed to alleviate selling pressure. Bias: Bearish below 67.990 (previous close).
Copper Copper is showing strength, trading above its previous close, MA20, MA50, and MA200, indicating a clear bullish trend. The current price of 6.65900 is within striking distance of the 60-day swing high of 6.75000. The ATR14 suggests moderate volatility, implying a steady climb. Support is firm at the MA20 at 6.58140. Bias: Bullish above 6.62800 (session low).
WTI crude WTI crude is gaining ground, trading above its MA20, MA50, and MA200, confirming a bullish trend. The current price of 83.400 is near the session high of 83.780. The previous close of 82.230 now acts as strong support. Further upside could target the 60-day swing high of 95.910. The MA20 has recently crossed above MA50 and MA200. Bias: Bullish above 82.350 (MA20).
Brent crude Brent crude is also in a bullish posture, trading above its MA20, MA50, and MA200, although currently slightly above its MA20. The current price of 88.100 is consolidating after testing the session high of 88.720. The MA20 at 87.996 acts as immediate support, with the previous close of 87.840 offering deeper support. A break above the session high targets the 60-day swing high of 102.010. Bias: Bullish above 87.996 (MA20).
Natural gas Natural gas is showing strength, trading higher and above its MA20, but remains below its MA50 and MA200, suggesting a recovery within a broader downtrend. The current price of 2.88800 is closer to the session high of 2.93200. Immediate resistance is the MA50 at 2.92150. A clear break above this level is needed to shift the longer-term bias. Bias: Neutral below 2.92150 (MA50).
RATES US 10-year Treasury yield The US 10-year Treasury yield is pushing higher, trading above its MA20, MA50, and MA200, indicating a clear upward trend. The current level of 4.72000 is close to the 60-day and 52-week high of 4.74700. The previous close of 4.66400 provides strong support, suggesting continued demand for higher yields. Breakout above 4.74700 would be a significant development. Bias: Bullish above 4.68010 (MA20).
LONDON OPEN WATCH: The DXY is driving strong dollar appreciation, placing pressure on major currency pairs like EUR/USD and AUD/USD, which trade at or near session lows. Meanwhile, US equity futures are showing resilience with ES and NQ maintaining positive trends, while commodities like WTI and Brent crude are also bullish, contrasting with significant weakness in spot gold which has broken key support.