S&P 500 INDEX

Asian share markets mostly eased on Monday after stunningly strong U.S. jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve.

Technical analysis:
From the overview of price, we could see that the overall trend for SPX is bearish. Price seems to have reacted to the support level between 4561 and 4510 which is in confluence with the 50 EMA and FIBO golden retracement levels. The RSI and MACD are below the centreline which signifies a possible move of price to the downside.

XAUUSD

The week has started out bullish for gold with the concerns over Russia planted by US officials o the weekend. Appetite for safe-havens amid Russian tensions could be a driving force for the time being, but the Nonfarm Payrolls data from Friday and subsequent Federal Reserve sentiment will likely get the most attention from traders this week. China markets reopen after a full week holiday so that too could add to the mix in terms of volume and participants digesting Friday’s data surprise in the US jobs markets.

Technical analysis:
From the overview of price in gold. we could see that the price of gold has gotten to the resistance zone between 1820 and 1810 in an overall downtrend after price broke previous low which is in confluence with the 50 EMA and Fibonacci golden levels. The RSI is below the centreline which signifies possible continuation of price to the downside.

EURCAD

Technical analysis:
From the overview of price in EURCAD , we could see that price has gotten to the resistance level between 1.46353 and 1.45727 after breaking previous high. Price is likely going to make a deep pullback to the support level before pushing to the upside. The RSI is currently overbought which shows a possible reversal of price to the downside.