2024

Over the last month, the USDJPY pair has gained substantial ground, and has been threatening to break through the 150 handle for more than a week. Part of that is due to a stronger dollar as markets see fewer rate cuts from the Fed. The…
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US 30 begins to pull lower The Dow Jones slid as traders failed to maintain the recent record high. A fall below 43000 has invalidated another peak, putting those who bought the recent dips under pressure. A new round of selling might…
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As we see on our previous chart, the Dow fell below 42900-43000 and printed a low of 42689. The market managed so far to sustain trades above the second support of 42650 which could keep the advance wave ongoing toward 43400. Below…
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Gold advances above 2666 and printed a high of 2682.60 so far, closing to the target 2685. As we see over the chart, the market could head for a trading zone between the support 2658 and resistance 2685. First Intraday support is at…
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Crude Oil faces pressure as prices keep holding below the first resistance of 71.60 whilst targeting toward the 67.20-50 zone. This support zone 67.20-50 could push for rebound toward 71.00. Below 67.00 more of a drop toward 65.50…
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USDJPY managed to print above the 149.50 resistance which could push for further advance. As we see on the chart, prices face the first support around 148.25 with the second support at 147.30. One of those supports could keep the advance…
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If prices hold above the support of 1.3000, a rebound correction will be expected toward 1.3150-75 and above. The market today hit a few pips below 1.3000 with UK CPI data before rebounding. Below 1.3000 the market could head for a…
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The Euro is facing support around 1.0880 and resistance at 1.1000 which could create a trading zone. Below 1.0880 more of a drop will be expected with support at 1.0780 giving a chance for a rebound. Intraday levels show the first…
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Markets have pretty much come to the conclusion that the ECB to cut rates is highly likely when it meets on Thursday. That means that the focus is likely to be on what President Christine Lagarde will signal for future rate decisions.…
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USD/CHF tests important resistance The Swiss franc continues to struggle against a progressive greenback. A jump above the psychological level of 0.8600 has sent a strong signal that buyers remain in the game. As the RSI flirts with the…
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