Trial now
JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • In the equity space, E-minis traded in a volatile manner yesterday. Support levels to watch are; 4110.50, Apr 20 low and trendline support that intersects at 4099.00, drawn off the Mar 4 low. The support zone will likely determine the outcome of this correction - will it be a shallow one if support holds or develop into a deeper pullback on a break?


  • In FX, EURUSD last week failed to confirm a clear break of the bear channel resistance drawn off the Jan 6 high. The subsequent sell-off highlights a bearish threat. Watch support at, 1.2014/1988, the 20- and 50-day EMAs. This support zone has been probed. A clear break would open 1.1943, Apr 19 low. GBPUSD remains below 1.4009, Apr 20 high. The break on Apr 30 of support at 1.3824, Apr 22 low strengthens a bearish case. The focus is on 1.3717, Apr 16 low. The USDJPY maintains a bullish tone following last week's gains. Attention is on 109.96 next, Apr 9 high.
  • On the commodity front, the Gold outlook is bullish and the focus is on $1805.7, Feb 25 high. Watch key short-term support at $1756.2, Apr 29 low. The Brent (N1) uptrend has resumed. The focus is on the psychological $70.00 level and $71.75, Jan 8 2020 high (cont). WTI is firmer too and bulls are eyeing the key resistance at $67.29, Mar 8 high.
  • In the FI space, Bunds (M1) have recently breached 170.05, 76.4% of the Feb 25 - Mar 25 rally. This opens 169.24, Feb 25 low. Short-term gains are considered corrective. Short-term risk in Gilts is skewed to the downside. The next support and intraday bear trigger is at 127.32, Apr 1 low.