2024

USDJPY grinds lower The Japanese yen (JPY) recovered some lost territory after moving away from the recent peak at 157.00. On the chart, the round number of 154.00 is an intermediate hurdle for bears to clear as the RSI shot into the…
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It's going to be a busy week for pound traders, as the UK delivers its typical monthly avalanche of key data. On top of that, BOE Governor Andrew Bailey will be in Parliament, and his comments could provide additional volatility into…
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USOIL (Crude WTI) tests support Crude WTI hit a new low to test October’s price zone at 66.80. On the chart, the price was consolidating after another downward shift saw over $4 wiped off the value in recent sessions. While sentiment…
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The Dow managed to remain below the resistance of 43700-800 and managed to meet the target of 43300-400. As we see over the chart and as long as the market keeps holding above 43300, a chance for some rebound correction toward 43700-800…
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Gold managed to fall below the support of 2590 and managed to sustain a drop toward 2545-50 and below. As we see over the chart, the market is facing a daily support around 2554 while Intraday support is around 2536. If prices remain…
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Crude Oil managed to move back again to test the support of 66.80 and hit a few pips below it, as indicators still show a chance for a rebound correction. As we see over the chart and as long as the market holds above 66.15, a chance for…
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USDJPY managed to test Intraday support around 153.80. As we see over the chart, this trend could keep the advancing towards the 157.80 target. Below 153.80 more of a drop will be expected toward 152.60-80 zone and maybe lower.…
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GBPUSD managed to hit few pips below 1.2615 last Friday, which could push for more of a drop to test the daily uptrend line around 1.2540-60. As we see on the chart, as long as the market holds above the daily close at 1.2540-60, a…
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The Euro held below the resistance of the 1.0580-1.0600 zone and managed to drop toward 1.0515 so far. As we see on the chart, prices face the support zone around 1.0475. If the market remains above it, a rebound correction will be…
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