Technical Analysis

USDJPY 26-12-2023. Prices are trading in a short-term downtrend, where they bounced from the crucial support zone at 141.50. It is likely that we will see a test of resistance zones within the range of 145.00. However, in the event of…
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GBPUSD 26-12-2023. Prices are trading around the 1.2700 area, where a downside move to test the support zone at 1.2530 is likely. However, if prices stay above 1.2700, there might be a rebound to test the resistance zone in the range of…
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EURUSD 26-12-2023. The prices are trading above the support zone in the range of 1.1000. In the event of maintaining stability above these levels, we may resume the upward move. This scenario is ruled out with a renewed break below the…
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DOLLAR INDEX 26-12-2023. Prices are trading below the resistance zone in the range of 101.50, as the index is moving in a short-term down trend. With this, we may test the area around 101, on the other hand this scenario is ruled out…
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DOWJONES 21-12-2023. Dow Jones index is trading at the lower boundary of an ascending channel, above its historical peak within the range of 36,950. It is likely to resume its upward movement to target the upper limit of the channel…
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GBPUSD 21-12-2023. Prices are trading around the 1.2635 level, where a break below is likely to test the support area at 1.2530. However, if prices hold above 1.2635, there might be a rebound towards the resistance zone within the range…
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NASDAQ 20-12-2023. The index is trading around its previous historical peak within the range of 16800. If the index successfully consolidates above this peak, prices are expected to resume the upward trend. However, if the minor support…
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USOIL 20-12-2023. Prices rose from a crucial support zone within the range of $68 until it reached the  important resistance zone within the range of $72.5 and breached it . With this, we may target the zone of $78.5. This scenario is…
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GOLD 20-12-2023. Prices are trading above the resistance zone of 2035, and if they hold above this level, we may target 2050. However, if there is a renewed break below this zone, we may target 2015.
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GBPUSD 20-12-2023. Prices are trading around the 1.2700 zone, and it is likely to break this zone down and test the support zone at 1.2615. However, if it holds above 1.2700, prices may bounce back to test the important resistance zone…
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