2024

Gold dropped further today and hit a 2605 low. As we see on the chart, Intraday levels show support around 2605-10 which could keep the chance for a rebound toward 2643 and 2658 intact, which in turn could push for another drop. Above…
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Crude Oil held above the support of 66.15 and rebounded toward the targets 69.25 and 71.25. Prices hit a correction toward 68.50 and if prices remain above 68.50, more rebound will be expected with the target and resistance zone at…
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GBPUSD managed to hit a rebound correction and managed today to test the resistance zone of 1.2580-1.2610. As we see on the chart and as long as the market keeps holding below 1.2580-1.2610, more drop toward 1.2300 will be expected.…
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USDJPY held below the 155.25 resistance and managed to sustain a drop toward the target zone of 153.25-70. As we see on the chart, prices still hold inside this trading zone between support 153.25-70 and resistance 155.25. Above…
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The Euro managed to test the resistance zone of 1.0525-50 and managed to drop toward 1.0425. As we see on the chart, prices still face a downtrend line resistance around 1.0525-50. If prices remain below this resistance, more of a drop…
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 Nasdaq100 index tests resistance The Nasdaq100 index recouped some losses as traders bet the Fed might leave rates unchanged at their next meeting. The index is trying to claw back some of the previous losses, but sentiment is still…
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This week is pretty compact for dollar traders. US markets will be practically closed for the last two days of the week, with all the major data coming out over the course of Tuesday and Wednesday. Markets are open for half a day on Friday,…
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USDJPY fails to progress The Yen (JPY) saw some slight reprieve after inflation cooled towards the 2% target. Recent profit-taking at 155.80 didn’t dent the optimism too much, with 154.00 proving to be a robust support. A combination of…
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