2024

The yen seems to have finally stabilized and taken a generally slight strengthening bias, which has left the USDJPY generally trending lower. But there are several major events on Friday that could significantly shake up the yen in…
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GBP/JPY stuck sideways The pound bounced back after the recent bearish rally, which saw over 1000 pips wiped off the valuation of the pair. A decisive close above the immediate resistance of 190.00 prompted sellers to cover their bets…
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Normally, the FOMC minutes impact are the highlight of the week. But, the market is unlikely to ignore them when they come out on Wednesday as they focus on a much more pressing matter: The Fed's symposium at Jackson Hole, Wyoming. That…
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Another day, another record, it seems, for gold as prices reached another milestone after gold surpasses $2500. It has been a year to remember, as bullion has jumped over 20% in 2024 so far. Analysts are expecting more to come as the…
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US 30 Index moves towards 41K The US 30 Index (Dow Jones) bounces as stocks recover across the board. The recent sell-off saw many buyers bail out, but the index remained firm and is now on the path to a full recovery. However, the RSI’s…
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Crude Oil managed to fall below 74.20 and managed to drop further toward 72.45. As we see on the chart, the prices still show a support trend around 71.50-99 where as long as the market holds above it, another advance wave toward 80.50…
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Gold managed to break above the Intraday resistance at 2510 while the uptrend wave is still ongoing toward the targets of 2535 and 2575. As long as the market keep holding above 2505-10, the uptrend wave will remain. Below 2505, a…
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The Dow met the target of 40800-900 and is now at risk for a correction which could hit toward the 40400 and 40000 levels. As we see on the chart and as long as the market keeps trading below 41000, this correction could happen at any…
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USDJPY managed yesterday to move above the resistance of 146.80 which could be a sign for a further advance. As we see on the Intraday chart, the market is facing 146.20 and 145.20 supports levels and if prices remain above one of those…
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