Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2 May

Market news summary

Euro remains weak;

The crude oil trend is indecisive;

Gold will react to FOMC meeting;

Bitcoin is temporarily safe.

U.S. Dollar Index (USDX)

US Dollar Index Graph candle for 2 May 2022

The U.S. Dollar traded slightly below 103.50 near its all-time high slightly at 103.90. The index is strongly supported above the tight range between 103 and 103.20, indicating that it remains in an optimistic trend. As mentioned last week the price is expected to trade around the range of 103.50 for the week due to the volume traded and reactive trading.

Meanwhile, the trend will keep trading in a slow pattern until it breaks above 104 for a new high or below 103 for a reversal trend towards 101.10. Technical indicators like the RSI and MACD, on the other hand, continue to show prices moving upward.

PIVOT POINT: 103.50

 R1R2R3
RESISTANCE103.80104.00 
 S1S2S3
SUPPORT103.10102.80 

Euro (EURUSD)

Euro Graph Candle for 2 May 2022

The Euro remains near its five years low despite the short swings to 1.0577 and it keeps the downtrend on the daily chart as well as the hourly chart. In the short term, for the EURUSD to bounce up the prices should break above 1.0580, while in the long term it might show a slight sign of recovery if it broke above the resistance range between 1.0800 and 1.0940. As the technical indicators show stability around the current levels, while price action indicates a probability to drop further.

PIVOT POINT: 1.0520

 R1R2R3
RESISTANCE1.05751.06101.0650
 S1S2S3
SUPPORT1.04901.04551.0410

Sterling Pounds (GBPUSD)

Sterling Pound Graph Candle for 2 May 2022

The Cable retains its downtrend under the pressure from the U.S. Dollar, the sterling pound will be under heavier pressure later this week as traders wait for the BoE statement. However, it is expected for the sterling pound to reach the low of 1.2300 before bulls reclaim the lead or slow down the fall.

The RSI and MACD are showing signals for a further decline in a slow fashion, while price action retains the reading of a low of 1.2300.

PIVOT POINT: 1.2500

 R1R2R3
RESISTANCE1.25651.26351.2690
 S1S2S3
SUPPORT1.24401.23601.2300

Japanese Yen (USDJPY)

Japanese Yen Graph candle for 2 May 2022

The USDJPY remains on an uptrend on the daily chart, after reaching a 20-year high above 131.20 last week. The pair is moving in a bullish trend on the hourly chart, as it is retesting the resistance level of 130.35 following an initial impulsive rise to the upside. Technical indicators imply that prices will continue towards 133.10.

PIVOT POINT: 130.35

 R1R2R3
RESISTANCE131.20132.10133.10
 S1S2S3
SUPPORT129.70129.10128.60

Spot Gold (XAUUSD)

Spot Gold Graph candle for 2 May 2022

The precious metal shall be trading under heavy pressure this week as investors await the FOMC meeting and the Fed statement. The previous signals remain the same, as there will be no sign of an uptrend unless prices broke above the emotional support of 1,920. On a daily time, frame, the general trend for the Gold remains negative, as the price is currently near below 1,900 testing the support above 1,880.

The hourly chart shows a continuation of the bearish trend line if it broke below the hourly support of 1,885. Furthermore, both the RSI and the MACD imply that the bearish trend will continue.

PIVOT POINT: 1,885

 R1R2R3
RESISTANCE1,9101,9171,920
 S1S2S3
SUPPORT1,8801,8751,873

Crude Oil (USOUSD)

Crude Oil graph Candle for 2 May 2022

The U.S. Oil traded flat this morning as supply and demand uncertainty takes over the market. Similarly, the overall trend remains undecisive and the short-term short candles favour the negative trend.

PIVOT POINT: 103.10

 R1R2R3
RESISTANCE103.75104.25105.00
 S1S2S3
SUPPORT102.85101.55100.40

Bitcoin (BTCUSD)

Bitcoin Graph candle for 2 May 2022

The crypto flagship finally showed some bullish movements due to the higher buying volumes before, as Bitcoin is seen as a safe-haven alternative. The leading cryptocurrency is trading just at the resistance level of 39,000 and diverging from the 20 period moving average.

However, the Bitcoin trend on the daily chart remains bearish and tends to continue unless the price breaks above 43,000, which is unlikely. Furthermore, both the RSI and MACD indicators show a likelihood of further decline towards 38,500 during the day.

PIVOTPOINT: 39,000

 R1R2R3
RESISTANCE39,25039,50040,100
 S1S2S3
SUPPORT38,50038,14537,770