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Technical Analysis

USOIL 7-12-2023

USOIL 7-12-2023. Oil prices broke below the significant support level at $72.5 indicates a potential target of $68. However, this scenario would be nullified if prices once again rise above $72. Support 68.5 67 -…
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USDJPY 7-12-2023

USDJPY 7-12-2023. USD-JPY broke the support levels at 147-146.8 downwards. If prices continue to stay below these levels, our target could be 144.50. However, this scenario will be invalidated if the prices rise again above 147.…
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BTCUSD 6-12-2023

BTCUSD 6-12-2023. prices are currently trading in an up-trend direction on the medium-term and have breached the previous resistance zone of 43,000, which opens up new targets within the range of 48,000. Support 43000 40000…
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GOLD 6-12-2023

GOLD 6-12-2023. Gold broke its historical peak at $2081.80 and reached new price levels within the range of $2145. However, it faced intense selling pressure, which continued until yesterday's trading session where prices tested the…
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GBPUSD 6-12-2023

GBPUSD 6-12-2023. prices have dropped after targeting the 1.2700 area. It was expected that this area would limit the upward momentum, and now the prices are trading below a secondary support level at 1.2620. It is likely that the…
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EURUSD 6-12-2023

EURUSD 6-12-2023. prices have broken below the support zone of 1.0870-1.0830, indicating a potential target of 1.0670. However, this scenario will be invalidated if the prices break above 1.0870-1.0830 again. Support 1.0750…
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USOIL 5-12-2023

USOIL 5-12-2023. prices are currently trading near a significant support level in the range of 72.5. If prices break below this support level, we may see a continuation of the downward trend. On the other hand, if prices rebound higher,…
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GOLD 5-12-2023

GOLD 5-12-2023. prices are currently moving upward in the short term and have broken through the resistance zone of 2050, also surpassing the historical high of 2081.80, reaching new price levels within the range of 2145. However, there…
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EURUSD 5-12-2023

EURUSD 5-12-2023. prices are currently trading around a support zone between 1.0870-1.0830. It is expected that the prices will bounce back higher, although this scenario will be invalidated if the mentioned support zone is broken…
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DOLLAR INDEX 5-12-2023

DOLLAR INDEX 5-12-2023 prices are currently moving in a down-trend in the short term and has surpassed a crucial resistance level at 103.3. If it stays above this level, we may see a continuation of the corrective upward movement, with a…
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