Technical Analysis

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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DOWJONES 9-1-2024. Dow Jones index broke the lower boundary of the ascending channel, testing the secondary support zone around 37,200 before rebounding higher. There's a likelihood that prices might retest the 37,800 level, and if it…
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BTCUSD 9-1-2024. Prices have successfully breached the important resistance zone at 44,750, aiming for 48,000. However, this scenario may be invalidated if prices break below the 44,750 zone once again. Support 46000 44500…
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USOIL 9-1-2024. Prices are trading in a sideways range between the significant support and resistance zones of 68 and 78.5. There is a likelihood of short-term upward movement in prices, testing the previously mentioned resistance zones.…
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GOLD 9-1-2024. Prices are trading above a crucial support level, tested the zone around 2020 and rebounded from it. There is a likelihood that prices will continue their upward movement, targeting levels around 2050. However, if the…
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USDJPY 9-1-2024. Prices have declined after reaching the key resistance level at 145, which was expected to limit the upward movement. In this situation, there is a possibility of testing the support zone around 142. However, if the…
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GBPUSD 9-1-2024. Prices are trading within a range between the support and resistance zones of 1.2615/1.2800. It is likely that the resistance zone mentioned earlier will be tested. However, in the event of breaking the minor support…
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