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Daily Technical Report 13-2-2024

USOIL  Prices are trading around the minor resistance zone in the range of $77.30, and it is likely to target the area of $78.50. This scenario is ruled out in case of breaking the support zone at $75.50. Support 76.5 75.5…
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US Inflation Data Tops This Week

The dollar stabilized on Monday, as a holiday in most major Asian markets weakened trading at the beginning of the week. Despite the potential for a busy week, attention is turning to U.S. inflation data, seeking clues about when the…
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Daily Technical Report 12-2-2024

Dollar Index The prices have reached the target of 104.40, where it is likely to encounter resistance and a slowdown in the upward momentum. However, if 104.40 is breached to the upside, we may target the area around 106.…
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Daily Technical Report 8-2-2024

BTCUSD Prices have broken above the resistance zone of $43,500, and it is likely that the upward movement will continue, targeting the area of $48,000. This scenario is invalidated if the prices retrace and break below $43,500 again.…
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Daily Technical Report 7-2-2024

DOLLAR INDEX The prices have reached the target of 104.40, where it is likely to encounter resistance and a slowdown in the upward momentum. However, if 104.40 is breached to the upside, we may target the area around 106.…
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Dollar Steadies Near 11- Week High

The US dollar slightly rose on Tuesday, approaching its highest level in about three months, while the Australian dollar lost its strength after an earlier session increase. A series of strong US economic data and statements from Federal…
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Chinese Stocks Are Rebounding

The struggling Chinese stocks saw their largest single-day gains in two years on Tuesday, and the yuan rose due to a series of signals indicating that authorities are strengthening their commitment to supporting declining markets. The…
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DOWJONES 6-2-2024

DOWJONES 6-2-2024. prices are trading in an upward trend, below the resistance zone of $38,550. In case of breaking and staying above this level, we may resume the upward trend. However, if the support area at $38,140 is broken…
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USOIL 6-2-2024

USOIL 6-2-2024. prices have broken below the support zone at $74 and are currently trading near a secondary support zone around $72.50. It is likely that buying power will emerge in this area, potentially limiting the downside momentum.…
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