May 2024

As we mentioned yesterday and shown on the chart, the Dow fell below the 38500-600 support, which could add more pressure as prices head towards the 37700 zone. If the price holds below 38500-600, a chance for a further drop toward 37700…
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Gold dropped further today and managed to close away from the support of 2320. The chart shows that the market is facing a trading zone between support 2320 and resistance 2380. Below 2320, more of a drop is expected, with the first…
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As we predicted yesterday and on the chart, the USDJPY pair managed to sustain an advance and hit 157.70. Our target and resistance is still around 158.00, which could give a chance for another drop, with support around 155.80 Above…
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As we monitored yesterday and seen on our previous chart, the GBPUSD pair managed to meet the target of 1.2800. As we can see on the chart, if the market keeps holding prices below 1.2800-15, a correction is expected with support at…
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The Euro fell below the 1.0815 support yesterday, which could cause a further correction to test the support of 1.0725-45, activating another advance. If the market holds below 1.0830, the drop towards 1.0725-45 could continue, while…
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Tomorrow could be the biggest data day for forex markets, as we await the key data release from the US for the week. That's because we'll see the release of the US PCE Price Index, the Fed's preferred measure for inflation. The market…
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USOIL continues the bull run WTI gained over 3% as the market focused on the upcoming OPEC+ meeting. The recent recovery has seen over $4 added to the black gold's value as price action breaks the 80.00 level. Now that bears have thrown…
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The Dow fell below 39150 whilst hitting the support target of 38500-600, as advised last week. If the market holds above the support of 38500-600, a chance for a rebound correction toward 39100-200 could hit the market. Below 38500,…
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Gold managed to hit a few dollars below the support of 2335, creating some market selling pressure. As we can see from the chart, the market faces some support around 2320, with resistance around 2380. Below 2320, more of a drop can…
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