2024

USDJPY managed to add more advance above 146.70 while the market faces firm resistance around the 148.50-60 zone. As we see on the chart and if prices remain below 148.50-60, the downtrend pressure could sustain for another drop toward…
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GBPUSD is still facing downtrend pressure as the market signals a move towards the 1.2450 target. As we see on the Intraday chart, prices face the resistance zone around 1.2840-70 as below it, the downward pressure could sustain toward…
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The Euro managed to test the resistance at 1.1000 and managed to keep below this level so far. As we see on our previous chart, if prices remain below 1.100,0 another drop toward 1.0800 will be expected. Above 1.1000 more advance is…
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After last week's market chaos, traders are likely getting to grips with a new reality, particularly with cable. As a result of the shift in perception, the BOE is not expected to cut at a slightly faster rate than the Fed. But both are…
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GBPUSD continues the bear rally Cable continued plunging, keeping the bearish rhetoric in place for the past three weeks. The pair has fallen over 3% from its valuation against a robust dollar. With the Bank of England cutting interest…
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The S&P500 index covers the gap The S&P500 index advances as the index notches its best day since 2022. The rally accelerated after breaking above the previous gap at 5280, and a rising trend line with a steep angle indicates…
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The shake-up in the markets this week has changed a lot of the fundamentals of major currencies. The UK is no exception. Before last weekend, markets were tentatively pricing in one more rate hike from the BOE. Now they are moving towards…
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USDCAD pressured by bearish divergence The greenback continued to struggle as global recession fears linger. Sentiment remains cautious after the pair fell lower and now sees the immediate resistance 1.3700 as a critical price cap. With…
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The Dow managed to rebound after this Monday’s sell off to hit 39475. As we see over the chart, the resistance zone is around 39475-875 and if prices remain below it, the downtrend pressure will sustain for a drop toward 38000-100 and…
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