2024

As predicted early this week and as we see on our previous chart, Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60. Prices managed yesterday to meet the target at the 80.00 levels. The market…
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As we see on our previous chart, the USDJPY pair managed to sustain trades below the resistance of 161.50 and so far retreated to 160.25. As we see on the Intraday chart, if prices hold below the resistance 161.40-70, another drop could…
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The GBPUSD pair seems preparing for more advance while managing yesterday to obtain a daily close above the 1.2815 level. As we see on the chart, the market is facing the first Intraday support around 1.2730. If prices hold above, then…
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The Euro managed to hit target of 1.0850 today as projected last Friday. The market is facing the resistance trend on the Triangle pattern around 1.0890-1.0915, which if prices fail to break, then another drop toward 1.0700 will be…
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Today could see the release of the most important data of the week, if not the whole month. After Fed Chair Jerome Powell's testimony before Congress yesterday and the day before, markets are primed to get confirmation on interest rate…
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USDJPY looking for another high The Yen stopped short of overturning a lift against the dollar as the pair rose towards another high. According to the latest USDJPY forecast, The pair cut through the round number of 161.00, which sat at…
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The Dow fell after US labour market data news release and hit a 39155 low before rebounding above 39200. The market is showing the first support around 39150-200 where as long as the market remains above it, the advance could sustain…
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As we predicted earlier this week and as we see on our previous chart, two days ago, Gold managed to break below the 2368 support. There was also a drop toward the target and support level of 2350 which managed again to push for rebound…
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Crude Oil failed for the second time to obtain a daily close above the resistance 83.60 and maintained trades below the downtrend line as we see on the chart. Today, price action reached the target of the 80.00 levels. If prices remain…
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As seen on our previous chart, USDJPY managed to sustain trades below the resistance 161.70 and retreated towards 160.25. As we see on the Intraday chart, if prices hold below the resistance of 161.40-70, another drop could hit the market…
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