Technical Analysis USD/JPY – 06.06.2024 Rami Abu-Draa Jun 6, 2024 2 The USDJPY corrected and tested the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first support…
Technical Analysis GBP/USD – 06.06.2024 Rami Abu-Draa Jun 6, 2024 6 As mentioned in the previous week, the GBPUSD pair met the target of 1.2800, which then saw a correction. If prices remain below 1.2800-15, a…
Technical Analysis EUR/USD – 06.06.2024 Rami Abu-Draa Jun 6, 2024 17 As seen in our previous chart, the Euro broke above the resistance of 1.0895, which could signify a further advance. The market is facing an…
Fundamental Analysis US May NFP: On the Path to Easing? Daniel John Grady Jun 6, 2024 834 Analysts are expecting May NFP to come in softer once again. After months of underestimating the job creation potential of America, the miss last time…
Technical Analysis Canada Cuts Rates, ECB Next! David Kindley Jun 6, 2024 17 The Bank of Canada cuts rates its key rate, the first G7 country to do so. With the ECB planning to do the same, is this the domino effect that…
Technical Analysis Intraday Analysis – SPX 500 Going for Another Record David Kindley Jun 6, 2024 25 SPX 500 on the comeback trail The SPX 500 pushes higher thanks to a push in technology stocks. The sentiment is still overwhelmingly upbeat as the…
Technical Analysis Dow Jones – 05.06.2024 Rami Abu-Draa Jun 5, 2024 16 The Dow held prices below the resistance of 38900 and corrected towards 38250. As seen on the chart, the market still faces resistance around 38900…
Technical Analysis Gold – 05.06.2024 Rami Abu-Draa Jun 5, 2024 23 As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices…
Technical Analysis Crude Oil – 05.06.2024 Rami Abu-Draa Jun 5, 2024 8 Crude Oil dropped to the target of 75.50 and managed to break further downwards and meet the second level of 73.50. As we can see from the chart,…
Technical Analysis USD/JPY – 05.06.2024 Rami Abu-Draa Jun 5, 2024 11 USDJPY dropped as prices managed to test the uptrend support line around the 154.50 zone, as seen on the chart. Intraday levels show the first…