Shanghai composite lost more than 6% after Trump’s tweet on trade tariff. US President Trump tweeted that US would hike tariff on 200bln Chinese goods from 10% to 25% from May 10th 2019. It hits low of 2876 and declines more than 12% from recent high 3288.It is currently trading around 2915.
On the lower side, near term support is around 2863 (50% fib) and any break below will drag the index down till 2800/2776 (200- day MA).
The near term resistance is around 3041 (55- day EMA) and any break above confirms minor bullishness and a jump till 3100/3196.
It is good to sell on rallies around 3000 with SL around 3045 for the TP of 2870.


FxWirePro- Woodies Pivot(Major)
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: GBP/USD recovers but bears are not done yet again
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback 



