2024

USDCHF drifts lower The US dollar pulled back after the recent Fed decision, which saw the pair jump over 100 pips. The pair now continues downward in search of bids as short-term sentiment remains pessimistic. As the relative strength…
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Gold managed to hold trades below 2655 and dropped further toward 2622 and below. As we see over the chart, Intraday levels show resistance around 2625. If prices remain below it, then the chance for another drop toward 2570-75 is still…
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The Dow managed to break below 42900 after the Fed’s hawkish tone yesterday and hit 42300 and below. As we see over the chart, the market faces uptrend support around 41800-900, where as long as prices keep holding above this zone, a…
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USDJPY managed to sustain advance wave as we advised before and managed to meet the target of 155.85 and above. As we see over the Daily chart, the short-term outlook suggests a drop wave could hit the market with resistances at 157.85…
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While the market is still holding the expected trading zone between support 66.15 and resistance 72.00-50, prices yesterday and today printed above the resistance 70.15 which could be signal for another advance toward 72.00-50. As we see…
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GBPUSD is still holding above the support zone of 1.2570-80, while the indicators are still showing an advance ongoing toward 1.2810 and above. The market managed yesterday to hit a few pips below this support level and printed a 1.2562…
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The Euro hit the target of 1.0425 and broke further after the Fed’s hawkish tone yesterday, that future cuts would require fresh inflation progress. As we see over the chart the market managed to almost test the support of 1.0335 as…
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Wednesday's market drop wasn't all that surprising, but it is somewhat uncharacteristic. Going into the latter half of December, typically the markets tend to outperform. With the Fed easing rates and the US economy reportedly in good…
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The Dow (US 30) drops more points The Dow (US 30) fell lower as the index fell further into a bear trap. The index is on its way to 43000 after a nine-day losing streak. Stiff resistance could be expected around 42700 due to…
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