Dow Jones (DJI)
Dow Jones Eyes 40,700 – But Momentum Remains Weak
Dow Jones rebounds from 37,850 but struggles to break 40,700. RSI at 45.25 shows weak momentum. Watch 39,600 for downside risk.
The Dow Jones Industrial Average (DJI) has bounced off the 37,850 support zone and is now attempting to reclaim the 40,700 resistance, a key former breakdown area. While the recovery from recent lows appears strong, the RSI remains weak at 45.25, still below the neutral 50 line, reflecting limited bullish conviction. A clear breakout above 40,700 is needed to open the path toward 42,910, while failure to hold above 39,600 could expose the index to renewed downside pressure.
Nasdaq 100 Futures (NQ1!)
Nasdaq 100 Rejected at Supply Zone – Eyes on 20,000 Break
Nasdaq faces rejection near 20,000–20,500. RSI cools to 54. Bulls need a breakout for continuation; else, 18,000 mid-range could be retested.
Nasdaq 100 Futures (NQ1!) remain in a broad range between 16,460 USD and the 19,800–20,500 USD supply zone. Price recently tested the upper band of the accumulation zone but faced rejection, signaling hesitation at higher levels. The RSI has cooled from near 60 to 54.01, suggesting momentum is fading and consolidation may continue. For bulls to reclaim control, a clean breakout above 20,000 is essential. Otherwise, a pullback toward the 18,000 mid-range or even lower boundary is on the table.
Gold (XAUUSD
Gold Retests $3,378 – Will Bulls Regain Control?
Gold rebounds from $3,245 and tests $3,378 resistance. RSI at 48.25 shows early recovery. Breakout targets $3,440, while rejection risks another drop.
Gold (XAUUSD) has staged a strong bounce from the $3,245 demand zone following a sharp correction from its highs. The RSI is recovering, now at 48.25, indicating early signs of bullish momentum returning. Price is currently retesting the $3,378 former support, now turned key resistance. A breakout above $3,378 could lead to further upside toward $3,440, while failure at this level may trigger a retest of support at $3,245 or even $3,148.
EUR/USD
EUR/USD Slips Below 1.1400 – Bearish Pressure Builds
EUR/USD dips from 1.1486, trades near 1.1400. RSI at 40.37 shows weakening momentum. Bears eye 1.0954–1.0731 unless bulls reclaim resistance.
The EUR/USD pair has retreated from the 1.1486 resistance zone and is now hovering near the 1.1400 handle, reflecting weakened bullish momentum. The RSI has slipped below 50, currently at 40.37, indicating that sellers are gaining control. If pressure continues, key support levels lie at 1.0954 and 1.0731. For any bullish recovery to take hold, the pair must reclaim the 1.1470–1.1485 supply area, which remains a major barrier for upward continuation.
Tags:
Leave A Comment