News

• Gold broke key resistance level 1725.00 • Likely to rise to resistance level 1765.00 Gold recently broke the key resistance level 1725.00 (previous monthly high from September and October). The breakout of the resistance level 1725.00 was preceded by the breakout of the daily down channel from the start of May – which accelerated […]

Daily Market Outlook, November 10, 2022  “Crypto carnage contagion strikes global risk sentiment, the crypto space faces its own Lehman moment as FTX implodes from a $32 billion dollar enterprise to being valued at $1 all within 24hrs. Asian markets followed Wall Street's lead and leaked lower overnight ahead of today's critical US inflation data, […]

US CPI Up Next  Today’s US CPI release will be the main attraction for markets, stealing attention back from the ongoing US midterms results. On the back of the latest .75% hike by the Fed in November, markets are now looking for signs that the Fed will slow the pace of hikes. Chairman Powell mentioned […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes of the pair and the RSI are nearing the oversold area. Currently, we should expect a test of 0/8 (0.9765), a bounce off it, and growth to the resistance level of 2/8 (1.0009). The scenario can be cancelled by a downward breakaway of the support […]

• USDJPY broke key support level 145.75 • Likely to fall to support level 140.00 USDJPY recently broke the key support level 145.75 (former monthly high from the middle of September) intersecting with the 50% Fibonacci correction of the upward impulse 5 from September. The breakout of the support level 145.75 accelerated wave (i) of […]

• CADCHF falling inside wave (2) • Likely to test support level 0.7200 CADCHF recently reversed down with the daily Shooting Star from major resistance level 0.7400 (former strong support from the end of August). The downward reversal from the resistance level 0.7400 started the active intermediate ABC correction (2). CADCHF can be expected to […]