2024

Crude Oil met the target of 67.00-70 last week and managed to hit few pips below that support. As we see on the Intraday chart the market is now facing support around 66.70 while resistance is around 68.50-69.00. This could create a…
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GBPUSD also dropped and is now closing to the support zone 1.3050-70. As long as the market holds above 1.3050-70 a chance for another advance toward 1.3300 and 1.3480 is still valid. Below 1.3050 the market could head for a drop to the…
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USDJPY hit a low at 141.76 last week and is now testing the Intraday resistance 143.70-75. If prices hold below 143.75 another drop could happen with supports at 142.50 and 141.70. The market is still facing the support zone 141.70-75 and…
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The Euro rebounded last week to test the first resistance 1.1140. As we see on the chart, the market hit the 1.1040 support and still has a chance for another rebound toward the 1.1200 zone. Below 1.1025 prices could add another drop to…
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August was a good month for cable, and with the latest UK Jobs Data, there are signs that September could be as strong. Although the pair has moved back a bit since the start of the month, that has been more thanks to dollar strength than…
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Dowjones index (US 30) struggles for support The Dowjones index fell as investors assessed the fallout from a weak jobs report. On the chart, the price has pulled back towards 40000, and a series of lower lows with limited upside…
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SPX 500 retreats as stocks tumble The S&P shed a few points amid concerns about slowing growth within the American economy, with stocks tumble. The market seems to be very jumpy to any incoming data, especially SIM and NFP numbers.…
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September was supposed to be the golden month. Macro indicators pointed to tailwinds for the yellow metal. The big one, of course, would be the Fed cutting rates. Typically, lower interest rates makes gold comparatively a better investment,…
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SPX index breaks major floor The SPX Index noted back-to-back losses as Wall Street struggles with September. The index put the bulls on the defensive after falling away from an attempted record high. As the RSI moves towards the…
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