2024

Crude Oil broke above the 72.50 resistance level yesterday and reached the 74.00 target. As seen on the chart, Oil continues its upward momentum, with support at 72.00 likely to sustain the advance toward the 77.20-40 or 78.80 resistance…
Read More

Gold tested the 2637-40 support zone yesterday and advanced, printing prices above the 2657-62 resistance range. As previously advised, the upward movement continues toward the 2680-85 level, which may lead to a corrective dip. Above…
Read More

GBP/USD managed to rebound above the 1.3135 resistance level, which may provide a chance for further gains towards the 1.3235-45 zone. As seen on the chart, the market may establish a trading range between the 1.3235-45 resistance and the…
Read More

As we advised yesterday and as seen on our previous chart, USD/JPY retreated from the 147.20 resistance zone, testing the first support at 145.90 today. As long as the market holds below the 147.20 resistance, further declines towards the…
Read More

As we advised yesterday and as seen on our previous chart, the Euro has so far managed to sustain trades above the 1.1000 support level, with a low of 1.1008 recorded yesterday. As long as the market holds above 1.1000, a rebound…
Read More

USDJPY pair awaits the next BoJ signal The greenback gained positive traction against the Yen as price action continued its higher move. The USDJPY pair has jumped over 400 pips so far and looks poised to climb further. The uncertainty…
Read More

The economies of the UK and the Euro Area have taken diverging paths since the start of the year, allowing the GBPEUR to continue to appreciate. The latest leading indicators suggest the divide has deepened, and this has given the GBPEUR…
Read More

Crude Oil WTI (USOIL) holding ground Crude Oil WTI rallied as geo-political tensions heightened. A surge above the psychological level of 70.00 continues to fuel the bullish impetus, putting the price on its way to breaking 73.50. The…
Read More

Markets seem to be holding their breath ahead of key September NFP data expected on Friday. There have been a lot of events in the world this week to push markets around. But the focus seems to still be on a combination of whether the…
Read More

XAGUSD bounces off resistance The silver price is stepping back from its recent peakas it bears an eye on a correction in the market. The price is hovering above the daily double bottom of 31.00, which is a critical floor for keeping the…
Read More