2024

Crude Oil managed to maintain our trading zone between the support 69.20 and resistance 72.00-20. Above 72.50 more advance toward 74.20 and higher is likely. Below 69.20 more of a drop toward 66.60-80 zone could hit the market.…
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Gold Intraday is showing the first resistance around 2692 where the market is getting close to test. If the market failed to break above this Intraday resistance, the downtrend pressure could move back toward the 2662 zone. Above…
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GBPUSD managed to sustain trades above the support of 1.2800-20 and hit the target of 1.3020-40, which in turn pushed for another swing toward 1.2835. Above 1.3040 more advance toward 1.3150-75 will be expected. Below 1.2800 more of a…
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USDJPY still holds the uptrend wave where it managed to hit a 154.70 high two days ago. As we see on the chart, the market still faces the support zone of 1.5130-50, where as long as prices hold above it, the advance wave could expand…
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THE Euro dropped as the US election results rumble on. As we see on the chart, prices face another correction if the market holds above the support 1.0680. 1.0880 will be the target which in turn could activate another drop toward…
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One of the major events for the week that investors were waiting on was the multi-day Standing Committee meeting of China's National People's Congress (NPC). That concluded just a couple of hours ago, and markets are not giving much of a…
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US 30 soars as Trump wins election Dow Hits a New High, jumping over 1000 points as the ripple effects of the 2024 presidential election rumbled on. The index continued to rally after breaking the previous record, as traders focused on…
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Before the election, there was a near-unanimous expectation that the FOMC Rate Decision would result in a cut by 25bps at the conclusion of its policy meeting on Thursday. That expectation has only strengthened since then. While a Trump…
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USDCHF breaks resistance The Dollar rallied after Donald Trump’s victory reached 270 electoral votes to declare him the next US President. The pair broke above the 0.8700 resistance level from the base of a recent bullish breakout. A…
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