2024

USDJPY managed to hit below 149.00 again while prices managed to obtain a daily close above the support of 149.00. As we see over the chart, the market is still giving rebound signals with resistance at 151.90. A daily close below…
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GBPUSD managed to advance above 1.2610 and sustained advances towards the 1.2715-65 zone. The market is now testing the resistance level 1.2770. As we see over the chart, prices face the 1.2770 resistance. If prices remain below it,…
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The Euro held below the resistance of 1.0610 and dropped towards the target of 1.0525. The market managed to rebound above the first resistance of 1.0545, while still holding below the 1.0610 key resistance ahead of US labour market…
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With the USDJPY pair hovering around the crucial level of 150 over the last week or so, there has been rampant speculation about what the BOJ will do. The coming action will be pivotal to determine whether the currency pair resumes its…
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UK 100 (FTSE) continues higher The UK 100 (FTSE) continued to progress ahead of upcoming GDP data. The bounce to the recent high at 8370 has met stiff selling pressure as previously trapped buyers exited the market with minimal losses.…
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The Fed is not in its pre-rate decision blackout, meaning that the market has to focus on the data to figure out what will happen at the last rate decision of the year. Friday's November US NFP is one of the two major data points that will…
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EURGBP (The Pound sterling/ Euro) edges lower The Pound sterling clawed back some losses as prices moved away from the recent peak at 0.8370. A surge below 0.8300 indicated that sellers had made their way back. As the buy side is forced…
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The Dow managed to break above the resistance of 44100-200 two weeks ago and managed to hit the target 44800. As we see over the chart, the market faces the support zone around 44100-200, and prices could expand toward 45200 and 45600.…
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Gold managed to hit another advance and printed a high around 2655.50 yesterday. As we see over the chart a trading zone between 2620-22 and 2658-60 could control the market. Below 2620 more of a drop could hit the market with…
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