2024

Gold still holds above the support of 2350-70 which we predicted. If prices hold above this support, another advance toward 2480 could hit the market. However, as we see on the Intraday chart, the market is facing a triangle formation…
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Crude Oil managed to maintain a daily close above the support of 72.45 and managed to meet the target 74.25. As we see over the Intraday chart, prices face the first support around 73.30. if prices remain above this support, more advance…
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USDJPY managed to add more advance above 146.70 while facing firm resistance around the 148.50-60 zone. As we see on the chart and if prices hold below the daily close at 148.50-60, the downtrend pressure could sustain for another drop…
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GBPUSD is still facing downtrend pressure as prices move towards the 1.2450 target. As we see over the Intraday chart, the market is facing resistance around 1.2840-70 and if prices hold below it, the drop pressure could sustain toward…
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The Euro managed to test the resistance 1.1000 and remained below this resistance. If prices hold below 1.1000, another drop toward 1.0800 will be expected. Above 1.1000, more advance will be expected with resistances at 1.1140 and…
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EURUSD Rise: What Happened to Safe Haven Flows? With all the markets getting riled up over the past week or so, it's been interesting to note that the EURUSD rise has continued. From a geopolitical perspective, the Euro was initially…
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USDCHF struggles for bids The US dollar tried to stabilise after the recent sell-off in global markets, which saw the pair drop over 400 pips. An oversold RSI on the daily chart is a significant sign of exhaustion and could cause a…
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The tumble in AI affect forex markets around the weekend exposed some latent weaknesses in global financial markets which had been papered over by, well, greed. CNN's fear and greed index, which tracks risk appetite in the markets, fell to…
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