May 2024

As shown on our previous chart, USDJPY managed to sustain its advance whilst managing to hit 157.70. Our target and resistance remains around 158.00 which could give a chance for another drop with support around 155.80. Above 158.00 a…
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The Dow fell below the 38500-600 support which could put more pressure on the market and move towards the 37700 zone. If prices hold below 38500-600, then a chance for a further drop toward 37700 will be expected. Above 38600, the…
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Crude Oil saw another move lower as we mentioned recently as prices met the 77.50 target today. As seen on the chart, Intraday levels show the first support around 77.00, while trend support remains around 75.50 and could provide another…
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Gold remains pressured with still low trading volume as prices just about hold above 2320. As we see on the chart, prices are trading between the support of 2320 and resisance 2380. Below 2320, more of a drop will be expected with…
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As we mentioned a few days ago and as we see on our previous chart, the GBPUSD pair met the target of 1.2800. If the market keeps holding prices below 1.2800-15, then a correction will be expected with supports laying at 1.2640  and…
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The Euro remains in a tight trading zone as we see on the chart. The market could sustain this trading zone, while above 1.0895 more of an advance could see the pair hit a second resistance around 1.0980. Below 1.0750, a drop in price…
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AUDUSD on a slippery slope The Australian dollar continues to slide after hitting its lofty peak at 0.6700. With the RBA keeping its rate unchanged at 4.35%, they also confirmed that getting to their inflation target would not be easy. In…
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Trump Conviction: Does It Matter to the Markets? Elections are important to markets, because whoever is in the White House has a lot of influence over regulations and other matters that affect the economy, stock market and monetary policy.…
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XAGUSD hits resistance Silver slides as the metal market generally continues to look for direction. Since the upsurge a few sessions ago, bears have halted any significant advance above 32.50, where firm resistance was set. For now, the…
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As we advised yesterday, Crude Oil hit another rebound correction, which we had anticipated in the last few weeks. As we look at the chart, if price action remains below the resistance of 81.25, another drop towards 77.50 will be…
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