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XAGUSD is trying to break above 24   XAGUSD is testing 24 for a breakout higher. A break above this resistance will test the long-term major resistance 25.40 for a complete upside reversal breakout and a continuation higher. The main support zone is 22-23. Expect a sideways consolidation during the […]

USDCAD is breaking below the 1.3600 resistance   After the rejection from 1.3700 USDCAD is breaking below the uptrend line 1.3600 resistance. This break below should be confirmed for an extension lower to 1.3300. The critical upside resistance zone stays at 1.3600-1.3700 and a break above this zone is required

GBPUSD is testing 1.2000   GBPUSD reached 1.2500 and pulled back. This pullback was deep and has reached 1.2000 of the support. A bounce from here is required for the upside continuation and an attack on 1.2500 again. Critical support below this is 1.1800. Expect the range trading during Holiday

SPX is still in the long trem falling wedge   SPX is still way above 3800. This is the critical bullish point among the other two below which are intact and are leaving the upside reversal scenario still valid as this is seen as just a sideways consolidation within the

Copper is supported by 3.7300   Copper is testing the critical resistance 3.8500. A break above this resistance can lead to a continuation higher to 4.000. Look for the upside continuation as long as the instrument is above the 3.6 – 3.7 zone. Copper has the biggest potential among commodities