2024

Friday might turn out to be the most important days for the market. Not because there necessarily will be a large move in forex pairs, but because Flash PMIs could help set the tone for the final round of rate decisions of the year. That…
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XAUUSD seeks support Gold price fall continues as the metal slipped past the 2550 level to set a fresh low at 2535. A surge below 2600 forced buyers to close out, giving the opposite side a further fighting chance to test the 2500 zone.…
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The Dow managed to sustain trades below the resistance 44150-200 and met the target of 43600-700. As we see on the chart, the  market is facing Intraday resistance around 43760-800. If prices remain  below it, another drop toward the…
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Gold fell below the support of 2590 and managed to sustain a drop toward the target of 2545-50 and below. As we see over the chart, prices face the daily support around 2554 with Intraday support around 2536. If prices hold above 2554, a…
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Crude Oil met the target of 66.80-67.00 while managing to hit a rebound toward the 69.25 zone before market retreated again. We still hold onto our previous outlook that as long as the market keeps holding above 66.80, then a rebound…
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USDJPY hit above the 155.20 resistance which could be a signal for more advance. As we see over the chart and as long as the market keep holding above the 154.30-65 support, another advance wave toward 157.80 will be expected. Below…
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GBPUSD dropped toward the 1.2615-65 zone. As we see on the chart, this support zone 1.26115-65 could push for a rebound toward 1.2770-1.2840 which in turn could cause a drop. Above this zone more advance toward 1.3000 will be expected.…
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The Euro managed to sustain  a drop towards the target 1.0520 and lower. As we see over the chart, the  market is facing support around 1.0475 where as long as prices keep holding above, a rebound correction will be expected toward 1.0800.…
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UKOIL subdued as growth forecasts are back in focus UK Oil prices are holding firm following the recent decline, which saw over $10 wiped off the value from last month. A stronger US Dollar and hopes of a Middle East peace deal weighed…
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On Thursday, the EURUSD came down to test the 1.05 handle, the lowest it has been since October of last year. This came amid renewed speculation that the ECB could be headed for strong rate cuts at the next meeting. Some analysts have gone…
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