Analysis & Forecast

Forex trading operates within markets that are open 24 hours a day, 5 days a week, in the foreign exchange market. The Forex market is known to be Over The Counter (OTC) market, which means that there’s no single exchange to trade currencies, and t...

From a medium-term perspective, the outlook for gold should be strong. With US rates expected to at least pause this year (and STIR markets anticipating rate cuts), the path for the USD and US yields should be lower for the second half of the year. I...

– Ford reversed from key support level 11.50– Likely to rise to resistance level 12.40Ford recently reversed up from the key support level 11.50 (which has been steadily reversing the price from the start of February) coinciding with...

– NZDUSD reversed from key resistance level 0.6200– Likely to fall to support level 0.6100NZDUSD currency pair recently reversed down from the key resistance level 0.6200 (which has been reversing the price from February).The resistance l...

– Alibaba broke key support level 78.00– Likely to fall to support level 74.00Alibaba Group today opened with the downward gap breaking below the key support level 78.00 (which has been reversing the price from the middle of May).The bre...

– Apple reversed from resistance zone– Likely to fall to support level 205.00Apple recently reversed down from the resistance zone located between the resistance level 215.00 and the resistance trendline of the wide weekly up channel...

– EURCHF broke key support level 0.9565– Likely to fall to support level 0.9450EURCHF recently broke below the key support level 0.9565, which stopped wave B in April, as can be seen from the daily EURCHF chart below.The breakout of ...

– Costco broke resistance level 855.00– Likely to rise to resistance level 880.00Costco recently broke the resistance level 855.00, which stopped the previous impulse wave 1at the start of June, as can be seen from the daily Costco c...

– Gold reversed from support level 2300.00– Likely to rise to resistance 2385.00Gold recently reversed up from the pivotal support level 2300.00 (which stopped the previous waves A, (4) and ii, as can be seen below).The support level 2300...

– CADJPY reversed from key support level 113.00– Likely to rise to resistance 115.40CADJPY currency pair recently reversed up from the key support level 113.00 (that reversed the pair with the daily Hammer in the middle of May, as can be ...