2024

The Dow managed to pass the 41000 level as the market still holds an uptrend wave. The market may head for a correction toward the 40700 zone before advancing again toward 41000 and 42000. Below 40700, more of a drop to test the…
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As we projected yesterday and as we see on our previous chart, Gold managed to test the resistance of 2480 and managed to hit a correction toward 2450. As we see on the chart, the market is still facing resistance around 2482. If prices…
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Crude Oil managed to rebound above the 80.30 resistance and closed from the second resistance 82.50. As we see on the chart and if the market holds below 82.50, another drop toward the 79.20-80.00 zone will be expected. Below this level,…
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GBPUSD managed to sustain an advance as predicted before and managed last week to break above the 1.2890 resistance. As we see on the chart, the market is facing the first Intraday support around 1.2900. If prices hold above, it more…
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As we predicted yesterday and as we see on our previous chart, the Euro managed to break above 1.0915 which could set another advance course. On the Daily chart, the market is now facing the 1.0860 support level. If prices hold above, it…
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Japanese financial officials have finally stepped in (again) to stop the runaway weakness in the yen. But the timing and amounts involved open up some questions. Particularly ahead of key economic data that would be pivotal for the…
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USDCHF extends the descending channel The US dollar hit another low point as prices crashed through the 0.8900 level. The bull’s attempt at a rebound came to a halt at 0.8940, which is a support-turned-resistance after a mid-month…
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The Dow managed to activate a further advance wave and hit the target of 40500 and above. As we see on the chart, prices could hit a correction anytime with the first support around the 40400-50 zone which could activate further advance…
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Gold managed to meet the target and advance above it where managed to break above the all time high of 2450. As we see on the chart, the market is facing resistance around 2482 which could push for a correction to test the 2450 support…
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