2024

It seems that markets are diverging in interpreting the impact of China's stimulus, which has led to fluctuations in commodity prices since the weekend. The added uncertainty, however, has impacted currencies, as the dollar has been gaining…
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NAS 100 moving higher The Nasdaq 100 added to its modest gains after the tech-heavy index saw a shift in momentum. with Nasdaq rising steadily as the index secured a footing over 20000 and saw further sideways action to maintain a…
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The Dow managed to advance above the resistance 42520 and pushed for a further advance toward 42910. As we see on the chart, the market is facing support around 42650 which could maintain the chance for another advance toward 43000.…
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Gold managed to advance above the resistance of 2649 last week and managed to hit 2667 and towards the target of 2670-72. As we see over the chart, a trading zone between support 2636-43 and resistance 2670-72 could happen. Above 2672…
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Crude Oil managed to fall below the 73.40 support which could push for a drop to test the 72.00-20 support. The support zone of 72.00-20 could push for another advance wave toward 75.60 and 77.20-40. Below 71.20 more of a drop could…
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USDJPY managed to meet the target of 149.40-50 and retreated as previously projected. As we see on the chart, this resistance zone 149.40-50 could lead to another drop again with supports at 147.00-20 and 145.90. Above 149.50 a chance…
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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. Below 1.3000 the market could head for a drop toward 1.2935 and 1.2820-50. SUPPORT RESISTANCE LEVEL1 1.3000…
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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. Above 1.1000 more advance could…
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Somewhat counterintuitively, cable hit a one-month low on Friday after UK GDP improved, although in line with expectations. It appears that traders are assessing that the shifts in central bank outlooks, particularly BOE easing, are leaving…
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XAUUSD tests resistance Gold Pushing higher as buyers continue to enter the buying market. The price has accumulated strength after rising above the critical threshold of 2640 and is about to test key resistance at 2660. Another push…
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