2024

The NZDUSD struggles to stabilise The NZDUSD ticked lower as price action fell away from the 0.6000 level. A fall below 0.5920 has renewed the bearish pressure and put those who bought the latest bounce on the defensive. With prices…
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The USDJPY broke above the 156 handle, scoring another milestone in its two-month rise. More than the level, what was notable was the practical silence from Japanese authorities. There is a lot going to keep them busy, but the continued…
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GER 40 (DAX40 index)  breaks lower The DAX40 index fell further after continuing the bearish rally from last month. A fall below the base of a previous bounce at 19100 suggests that sellers are still in control of the direction, forcing…
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The Dow fell below the 44150 support yesterday and below this level more of a drop could hit the market. As we see over the chart and as long as the market keeps holding below 44150-200, more of a drop to test the 43650-700 or 43300-400…
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Gold held prices above 2590 while managing to build a triangle formation as we see on the chart. If prices remain above 2590, a rebound toward the resistance of 2626-28 will be expected which in turn could push for another drop. Above…
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Crude Oil managed to meet the target of 69.20-50 and managed to fall below that support. Prices are closing into the second target of 66.80. As we see over the chart, prices are facing support around 66.80-67.00 which could push for a…
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USDJPY met the target of 155.20 today. As we see over the chart, and if the market holds below the 155.20 resistance, a correction could happen toward the 151.30-152.00 zone. Above 155.20, a chance for further advance could hit the…
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GBPUSD fell below 1.2790 yesterday and below this level more of a drop could hit the market toward 1.2665. As we see on the chart, prices now face the resistance zone around 1.2840-60. If prices hold below, more of a drop toward…
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The Euro tested the support level of 1.0600 again today. If prices hold at 1.0600, a correction could hit the market to test the 1.0680-90 resistance zone. Below 1.0600 a further drop will be expected toward 1.0520. SUPPORT…
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