2024

EURUSD steady after in-line CPI data It was quite a week for the pair, as CPI data and the ECB interest rate decision seemed to prepare traders for this week’s Federal Reserve System (fed)  decision. As yearly inflation ticked higher,…
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The Dow managed to fall below the support of 44100-200 which could add further pressure to head toward the target of 43300-400. As we see over the chart, the market is facing the first resistance around 44235, where as long as the market…
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Despite the few dollars that the market managed to hit above the resistance of 2725 yesterday, prices dropped and are now testing the target and support zone of 2652-65. As we see over the chart and as long as the market holds above this…
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While the market is still holding the expected trading zone between support 66.15 and resistance 72.00-50, prices yesterday and today printed above the resistance 70.15 which could be signal for another advance toward 72.00-50. As we see…
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USDJPY managed to maintain the advance wave while market still shows potential advance. As we see on the chart, prices face a support trend around 152.45, if prices remain above it, the advance wave could progress toward the 155.85 zone.…
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GBPUSD managed to fall below the support of 1.2715 and managed to drop further toward 1.2618, closing to the support zone of 1.2570-80. As we see on the chart, and if prices remain above 1.2570-80, a rebound correction toward 1.2720 and…
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The Euro closed into the target of 1.0425, which could provide a chance for a rebound toward the 1.0540-60 zone. Below 1.0425 more of a drop could hit the market with support around 1.0330. Above 1.0610 more advance toward 1.0820…
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Crude prices have been rising this week, but it's interesting to note that the driving forces appear to be shifting. That could have important implications for whether or not Brent crude prices manage to break out of the range that has…
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USDCHF struggles for direction The US dollar (USD) slipped as CPI data crept higher, which could cause the Fed a headache at their next meeting. A move above the daily resistance of 0.8850 kept the bullish momentum going, putting…
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