Technical Analysis

GBPUSD 16-1-2024. Prices are trading in a sideways range between the support and resistance zones of 1.2615 and 1.2800. It is likely that the previously mentioned support zone will be tested. In the event of breaking above the secondary…
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EURUSD 16-1-2024. Prices are trading in a narrow sideways range between the crucial support and resistance zones of 0.0900 and 1.1000. It is likely that the resistance zone mentioned earlier will be tested. However, if the prices break…
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DOLLAR INDEX 16-1-2024. 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 15-1-2024. The Nasdaq index is trading in a short-term sideways range, having breached the level of 16830 to the upside. In this scenario, the next potential target could be 17100. However, it is likely that this level might act…
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DOWJONES 15-1-2024. 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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BTCUSD 15-1-2024. 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 15-1-2024. 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 15-1-2024. Prices are currently testing a crucial resistance zone within the range of 2060, and it is likely to limit the pace of the upward movement. In case of a breakout to the upside, the next target may be 2085.…
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USDJPY 15-1-2024. 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  support…
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GBPUSD 15-1-2024. 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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