Ichimoku Analysis (1-Hour)
- Tenken-Sen- 3074
- Kijun-Sen- 3003
S&P500 has shown a massive recovery after a sell-off of more than 15% from an all-time high of 3397. The decline was mainly due to an outbreak of coronavirus. The virus has spread to all major countries especially South Korea and Iran more affected next to China.
The US fed cuts rates by 50 bps in the first emergency move since the financial crisis.
Technically, immediate resistance is at 3125 (200- H EMA) and any violation above targets 3158/3200.
On the flip side, near-term support is around 3050 and an indicative break below will take the pair down till 3030/3000.
It is good to buy on dips around 3075-80 with SL around 3050 for the TP of 3180.


Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
China's Refining Industry Faces Major Shakeup Amid Challenges
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report
Gold Prices Rise as Markets Await Trump’s Policy Announcements
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 



