Technical Analysis

USOIL 18-1-2024. Prices are currently trading on the short-term in a narrow sideways range between the crucial support and resistance zones at $74 and $70, respectively. If the price breaks above the $74 level, we may target the $76…
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GOLD 18-1-2024. Prices are trading below a critical resistance zone at 2020. In this scenario, we may target the $2000 level. However, this scenario could be invalidated if the prices resume an upward movement above 2020.…
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USDJPY 18-1-2024. Prices are trading around the critical resistance zone of 147.5, and it is likely to limit the upward momentum. In the event of a breakthrough above the previously mentioned resistance  we may target 150.…
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GBPUSD 18-1-2024. Prices are trading in a sideways range between the support zone at 1.2615 and the resistance zone at 1.2800. It is likely that prices will bounce back from these levels towards the upside. However, if the significant…
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EURUSD 18-1-2024. Prices have broken below the sideways range, as the EUR/USD pair is trading below the resistance zone at 1.0900. It is likely that prices will test the support zone at 1.0810. However, this scenario would be invalidated…
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DOLLAR INDEX 18-1-2024. Prices have broken above the significant resistance zone in the range of 102.30, and in this case, the next potential target could be 104.40. This scenario would be invalidated if the prices break back below…
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GOLD 18-1-2024. Prices are trading below a critical resistance zone at 2020. In this scenario, we may target the $2000 level. However, this scenario could be invalidated if the prices resume an upward movement above 2020.…
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NASDAQ 17-1-2024. The Nasdaq index is currently trading in a short-term sideways range, with prices hovering around the 16830 level. If there is a breakout above this level, the next potential target could be around 17100. However, there…
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DOWJONES 17-1-2024. Prices are currently trading above the support level in the range of 37200. In the event of a break below this support, a potential retest of 36950 could occur. However, there is a likelihood of prices bouncing back…
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BTCUSD 17-1-2024. Prices declined after reaching the target of 48000, breaking important support zones around 44750. It is likely that these support-turned-resistance zones will limit further upside movement, and there is a potential for…
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