Technical Analysis

DOLLAR INDEX 15-1-2024. Prices facing a significant resistance area in the range of 102.30. If it breaks above this level, we may continue the corrective movement and target 104.40. However, if the support zone at 101.50 is breached to…
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USOIL 12-1-2024. 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 12-1-2024. It is noticeable that prices are approaching the descending trendline, and the anticipated point of intersection is in the range of 2040. It is expected that prices might decline from these levels. However, in the event…
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NASDAQ 11-1-2024. The NASDAQ index is trading within a sideways range in the short term. The area around 16830 represents a resistance zone, and if it is breached, we may target 17100. However, it is likely that this zone will limit the…
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DOWJONES 11-1-2024. Prices are currently trading below the resistance zone at 37800. In the event of a breakout above this level, we may see a resumption of the upward trend in prices. On the other hand, if the minor support at 37450 is…
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USDJPY 11-11-2024. Prices are currently trading around the key resistance zone at 145. If this level is breached to the upside, we might test the next resistance area at 147.5. However, in the event of a breakdown below the minor  …
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EURUSD 11-1-2024. Prices are currently trading below a significant resistance zone in the range of 1.1000. It is likely that this area is acting as a barrier, potentially slowing down the upward momentum. However, if the prices manage to…
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BTCUSD 10-1-2024. Prices rose to new highs, reaching the target of 48000 after breaking through the previous significant resistance zone at 44750. The prevailing scenario suggests a continuation of the bullish trend  However, this…
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USDJPY 10-1-2024. Prices are trading below a major  resistance zone of 145. In the event of a breakthrough to the upside, we may test the zone around 146.5. However, if the minor support within the range of 143.45 is broken, we might…
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NASDAQ 9-1-2024. The NASDAQ index is trading within the short-term in a side-way  range, with the 16,830 level acting as resistance. It is likely that this zone will limit the upward movement, and in such a case, prices may revisit the…
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