Technical Analysis

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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USOIL 17-1-2024. 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 17-1-2027. Prices have declined from the crucial resistance level in the range of 2060 and are currently trading around the significant support zone at 2020. It is likely that prices may rebound again to the upside from this support…
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USDJPY 17-1-2024. Prices are testing the crucial resistance zone at 147.5, and it is likely that this area will limit the upward momentum. However, if the resistance zone mentioned is successfully breached and the prices establish…
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GBPUSD 17-1-2024. 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 17-1-2024. 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 17-1-2024. 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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NASDAQ 16-1-2024. 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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GOLD 16-1-2024. Prices are currently trading below the crucial resistance zone at 2060, which is likely to limit the upward momentum. However, if there is a breakout above this level, the next potential target could be around 2085.…
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USDJPY 16-1-2024. Prices are trading above the main resistance zone at 145, and in this scenario, the next potential target could be around 147.5. However, this scenario may be invalidated if prices re-break below the 145 level.…
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