2024

China is on a week-long national holiday, but the events going on are of such significance that they are still affecting the market. Analysts are hotly debating the implications for the markets. Which by extension means that Forex could be…
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The run-up to every presidential election, including the upcoming US Presidential Election, is usually a volatile one. Both candidates reveal their strategies for the next four years to tempt voters into their camp. Markets usually await…
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The EUR USD breaks lower The EUR tumbled after CPI data failed to lift sentiment in the bloc. After a short-lived grind over 1.1200, a bearish breakout has seriously dented the bullish bias from the daily chart’s perspective. The round…
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Gold managed to fell below 2642 yesterday and dropped further toward the 2622-25 zone. The market rebounded and is now closing to the resistance trend around 2652-55. Above 2655 more advance will be expected toward 2665 and 2680.…
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Crude Oil managed to hit the target of 70.90 and added more advance while still holding below the resistance 71.50-72.50. As we see over the Intraday chart, if prices hold below 72.50, another drop will be expected toward 63.90-64.75.…
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The Dow managed to hold above the support 41825 and advanced toward 42600. Prices hit a drop correction yesterday toward the 41915 level while holding above the support 41825. Below 41825 more of a drop could hit the market with…
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USDJPY faces a potential trading zone between support 143.35 and resistance 144.40-70. Below 143.35 more of a drop could happen with support around 141.70 which could give a chance for correction. Above 144.70 more advance toward…
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GBPUSD tested the 1.3320-30 support zone. As we see over the intraday chart, if prices hold above 1.3320-30, more advance toward 1.3635 will be expected. Below 1.3280 more of a drop toward 1.3160-75 could hit the market.…
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The Euro still holds inside our expected trading zone between 1.1070 and 1.1200. Prices managed to re-test the resistance 1.1200 again and managed today to meet the target 1.1100. Below 1.1070 more of a drop will be expected with…
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