2024

The USDJPY corrected and tested the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first support around 155.70. Prices managed to rebound as the market faced resistance around 156.50. If…
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As mentioned in the previous week, the GBPUSD pair met the target of 1.2800, which then saw a correction. If prices remain below 1.2800-15, a further drop will be expected, with supports at 1.2640  and 1.2450. Above 1.2815, more of an…
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As seen in our previous chart, the Euro broke above the resistance of 1.0895, which could signify a further advance. The market is facing an uptrend, with the support zone around 1.0785-95. If prices are above this area, an advanced wave…
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Analysts are expecting May NFP to come in softer once again. After months of underestimating the job creation potential of America, the miss last time around seems to have restored analysts' confidence in providing a downbeat forecast. But…
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SPX 500 on the comeback trail The SPX 500 pushes higher thanks to a push in technology stocks. The sentiment is still overwhelmingly upbeat as the index grinds high to hit another record. Another bullish breakout would trigger a new…
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The Dow held prices below the resistance of 38900 and corrected towards 38250. As seen on the chart, the market still faces resistance around 38900 and 39220, while the downtrend pressure could sustain toward the target of 37700.…
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As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55 resistance. Below 2315, more of a…
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Crude Oil dropped to the target of 75.50 and managed to break further downwards and meet the second level of 73.50. As we can see from the chart, prices face an uptrend around the 70.00-50 zone, which, if the market manages to test,…
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USDJPY dropped as prices managed to test the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first support around 155.80, as the market managed to hit some rebound, with fresh resistance at…
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