Emini Dow Jones first resistance at 25660/680

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones _ Nasdaq September contract

Emini Dow Jones first resistance at 25660/680. A break above 25700 targets 25780/790 & above 25820 meets strong resistance at 25900/930. Try shorts with stops above 25960. A break higher targets 26140/160. First support at 25550/520 but below 5490 risks a slide to 25350 & minor support at 25270/250 with strong support at 25125/100. Longs need stops below 25020. A break lower tests 500 day moving average support at 24960/940.

Nasdaq holding first resistance at 7430/40 re-targets 7390/85. On further losses look for 7345/40, perhaps as far as 7300/7290. First resistance at 7530/40 but above 7550 targets strong resistance at 7585/95. A break above 7605 targets strong resistance at 7645/55. Shorts need stops above 7670.A break higher targets resistance at 7710/20.

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD weakens to near 1.1900 as traders eye US data

EUR/USD eases to near 1.1900 in Tuesday's European trading hours, snapping the two-day winning streak. Markets turn cautious, lifting the haven demand for the US Dollar ahead of the release of key US economic data, including Retail Sales and ADP Employment Change 4-week average.

GBP/USD stays in the red below 1.3700 on renewed USD demand

GBP/USD trades on a weaker note below 1.3700 in the European session on Tuesday. The pair faces challenges due to renewed US Dollar demand, UK political risks and rising expectations of a March Bank of England rate cut. The immediate focus is now on the US Retail Sales data.

Gold sticks to modest losses above $5,000 ahead of US data

Gold sticks to modest intraday losses through the first half of the European session, though it holds comfortably above the $5,000 psychological mark and the daily swing low. The outcome of Japan's snap election on Sunday removes political uncertainty, which along with signs of easing tensions in the Middle East, remains supportive of the upbeat market mood. This turns out to be a key factor exerting downward pressure on the safe-haven precious metal.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.

Follow the money, what USD/JPY in Tokyo is really telling you

Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.