2024

Our previous projection is still valid on the EURUSD pair as seen on our previous chart. The market managed to close from the triangle support trend yesterday to print a 1.0665 low. If prices hold above the support trend of 1.0650, then a…
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Japanese authorities are back to warning markets about the exchange rate once again. The yen once again weakened to a 38-year low against the dollar. Once again the market is talking about intervention. It seems like a never-ending cycle.…
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US 30 pushing higher The Dow Jones saw a slight pullback in its recent bull rally as investors turned their attention to banking stocks. The index still strives to hold onto its gains after lifting the key daily resistance of 39100. A…
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We're in the countdown to what is likely to be the most significant data release of the week for the markets: Friday's PCE Price Index. This is the preferred inflation measure for the Fed when it comes to setting rate policy. And there is…
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EURUSD hits double bottom After finding support at a recent double bottom, the Euro hopes to lift a key resistance. The dollar’s dominance first stopped at 1.0670, prompting more sellers to close their positions. 1.0740 on the bullish MA…
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The Dow managed to print above the resistance zone of 39220 last week in signs of more advance on the way as previously mentioned. As we see over the Intraday chart, the market is facing the support zone around 39000-100, where as long as…
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Gold is still holding in the current trading zone between the 2277 support and 2350-60 resistance areas. As we see over the Intraday levels, the market is facing the first support around 2315-18, where as long as prices hold above it, an…
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Crude Oil maintained its advance movement with escalating risk on the Red Sea. As we see on the chart, Intraday levels show the first support laying around 80.00. Should prices hold above this support, the advance movement could continue…
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USDJPY managed to pass the 158.00 resistance where prices are now closing to the second target 160.00. As we see over the Intraday chart, and as long as prices hold below the resistance of 160.00, a correction could hit the market toward…
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GPBUSD managed to meet the first target at 1.2640 and also managed to move a few pips below. As seen on the chart and as we mentioned before, a rebound correction from this zone could hit the market before the Pound heads for a further…
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