FOREX EUR/USD EUR/USD trades below its prior close at 1.16210, currently testing the MA20 at 1.16110 after failing to hold above the MA200 at 1.16330. The session low of 1.15920 acts as immediate support, with the 50-day MA at 1.15110 providing stronger downside protection. Upside attempts face resistance at the session high of 1.16360 and the 60-day swing high of 1.17123. A break below the 1.15920 session low would target the 1.15600-1.15700 zone. Bias: Neutral-to-Bearish, invalidated above 1.16360.
GBP/USD GBP/USD is trading lower at 1.35170, finding immediate support at its session low of 1.34900, just above the MA50/MA200 confluence around 1.34500. Resistance is noted at the MA20 at 1.35580 and the session high of 1.35480. A sustained move above 1.35580 could retest the 60-day swing high at 1.36750. Failure to hold 1.34900 could see a retest of the 1.34570 MA50. Bias: Bearish, invalidated above 1.35580.
USD/JPY USD/JPY surged to 156.221, breaking above its prior close of 155.660 but still below the MA20 at 158.958. Immediate resistance is the session high at 156.752, with strong resistance above that at the 60-day swing low of 155.256 acting as strong support on any pullback from current levels. The price action suggests a potential rebound after bottoming near 155.256, but remains below key moving averages, indicating an underlying bearish trend. A break above 156.752 would target 157.500. Bias: Bullish, invalidated below 155.282.
AUD/USD AUD/USD is marginally higher at 0.72050, holding firm at its session low/high of 0.72050, trading above its MA20, MA50, and MA200, signalling a bullish posture. The pair is near its 60-day swing high of 0.72160, which acts as immediate resistance. A break above 0.72160 could target 0.72500, with support at the MA20 of 0.71340. The current price action indicates bullish momentum but is approaching a significant resistance level. Bias: Bullish, invalidated below 0.71340.
US Dollar Index (DXY) DXY is bid at 99.157, recovering from its session low of 98.916 but remaining below the MA20 at 99.393 and the MA200 at 99.166. A break above the MA200 at 99.166 and MA20 at 99.393 would indicate renewed strength, targeting the session high of 99.392 and potentially 99.500. Immediate support is at 98.916, followed by the 60-day swing low of 98.560. The price action indicates a potential retest of resistance after holding above 98.900. Bias: Neutral-to-Bullish, invalidated below 98.916.
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ trades up 0.14% at 29565.25, finding resistance at its session high of 29704.50. The current price sits just above the MA20 at 29560.19, indicating a neutral short-term stance within a broader uptrend (MA50 at 29369.90, MA200 at 27143.77). Immediate support lies at the session low of 29468.00. A break above 29704.50 could retest 29800, while a fall below 29468.00 targets the MA50. Bias: Neutral-to-Bullish, invalidated below 29468.00.
S&P 500 futures (ES) ES is down 0.42% at 7722.00, trading just below its MA20 at 7724.95, indicating short-term weakness. Immediate support is the session low of 7711.75, followed by the MA50 at 7622.46. Resistance is at the prior close of 7754.75 and the session high of 7764.50. A break below 7711.75 could trigger further downside towards 7680. The index remains in an overall uptrend with price above MA50 and MA200. Bias: Bearish, invalidated above 7764.50.
Dow futures (YM) YM is down 0.57% at 53440.00, trading below its MA20 at 53523.45 and the prior close of 53745.00. Immediate support is the session low of 53235.00, with the MA50 at 53111.94 providing stronger support. Resistance is at the session high of 53772.00. A break below 53235.00 could open a path to 53000. The broader trend remains bullish with price above MA50 and MA200. Bias: Bearish, invalidated above 53772.00.
DAX DAX is trading at 26046.40, slightly above its prior close but below the MA20 at 26208.88. Immediate support is the session low of 25958.70, with the MA50 at 25695.32 offering stronger support. Resistance is at the session high of 26167.93, followed by the MA20. A failure to reclaim the MA20 could see a retest of 25900. The underlying trend is bullish with price above MA50 and MA200. Bias: Neutral-to-Bearish, invalidated above 26167.93.
FTSE 100 FTSE 100 is flat at 10831.09, trading above its MA20 at 10808.20. Immediate support is the MA20 and the session low of 10791.43. Resistance is at the session high of 10843.12, with the 60-day swing high of 10989.50 as a longer-term target. The index continues to show strength, holding above key moving averages. A break above 10843.12 could target 10880. Bias: Bullish, invalidated below 10791.43.
COMMODITIES Spot gold (XAU/USD) Gold is trading at 4476.60, down 0.34%, holding above its MA20 at 4467.15 but below its MA200 at 4520.46. Immediate support is at the MA20 and the session low of 4412.00. Resistance is the prior close of 4491.70, then the MA200. A break above 4520.46 would signal renewed bullish momentum, while a break below 4412.00 targets 4380. The 60-day swing low of 3962.50 provides strong long-term support. Bias: Neutral, invalidated above 4520.46.
Spot silver (XAG/USD) Silver is down 0.34% at 66.748, maintaining above its MA20 at 66.438. Immediate support is the MA20 and the session low of 65.335. Resistance is at the prior close of 66.973 and the session high of 67.810. The MA50 at 61.995 provides strong underlying support, while the MA200 at 71.904 acts as significant long-term resistance. A break above 67.810 could target 68.500. Bias: Bullish, invalidated below 66.438.
Copper Copper surged 1.60% to 6.68250, trading above its MA20 (6.57180), MA50 (6.42250), and MA200 (5.98480). Immediate resistance is the session high of 6.70250 and the 60-day swing high of 6.75000. Support is the prior close of 6.57700 and the MA20. The strong move indicates bullish momentum, with a break above 6.75000 potentially targeting 6.80000. Bias: Bullish, invalidated below 6.57180.
WTI crude WTI crude is up 0.20% at 91.480, holding above its MA20 (85.436), MA50 (80.957), and MA200 (78.815), indicating a strong bullish trend. Immediate resistance is the session high of 92.170, approaching the 60-day swing high of 93.640. Support is at the prior close of 91.300 and the session low of 88.720. A break above 92.170 could see a retest of 93.000. Bias: Bullish, invalidated below 88.720.
Brent crude Brent crude is up 0.80% at 96.280, trading firmly above its MA20 (91.153), MA50 (86.180), and MA200 (83.846). Immediate resistance is the session high of 96.560. Support is at the prior close of 95.520 and the session low of 93.170. The 60-day swing high of 102.010 is the next major upside target. The strong bullish momentum suggests further upside potential. Bias: Bullish, invalidated below 93.170.
Natural gas Natural gas is up 2.13% at 2.97500, trading above its MA20 (2.82420) and MA50 (2.88610) but below its MA200 (3.30770). Immediate resistance is the session high of 2.98600, with the 3.000 psychological level acting as a key hurdle. Support is at the prior close of 2.91300 and the session low of 2.90200. A sustained break above 3.000 could target 3.050. Bias: Bullish, invalidated below 2.90200.
RATES US 10-year Treasury yield The US 10-year Treasury yield is up 0.46% at 4.78400, approaching its 60-day swing high of 4.81200. The yield is trading above its MA20 (4.71070), MA50 (4.63340), and MA200 (4.35960), indicating strong upward pressure. Immediate resistance is the 60-day swing high. Support is at the prior close of 4.76200 and the MA20. A break above 4.81200 would signal a new leg higher. Bias: Bullish, invalidated below 4.71070.
LONDON OPEN WATCH: DXY strength remains a key theme, pushing EUR/USD and GBP/USD lower, while USD/JPY attempts a rebound from recent lows. Equity futures show mixed performance with ES and YM under pressure, suggesting caution as European markets open.