Your Daily Market Insights

Market Analysis

GOLD - GOLD has stayed stagnant on new highs, with a high chance of showing a correction and a return lower. We wait for further trading before confirming market direction. The supply and demand zones are highlighted by the purple boxes.

SILVER - SILVER has gained toward 30.668 but has stayed stagnant on said price level. We wait for further trading but see consolidation happening between 30.668 and 31.472 if it does not drop below current price level.

DXY - The dollar is in the new S&D zone and we see the possibility for price to go lower toward 100.443.

GBPUSD - The pound has risen to new highs, breaking previous resistances, showing continuation of bullish momentum. Currently, prices are at 1.32301 and 1.31804. We wait for the structure to break of structure up.

AUDUSD - The Aussie dollar has risen to 0.67531 and stayed between that structure and 0.67142. We see the possibility of the price continuing to the upside but find more chances for the price to continue lower.

NZDUSD - The Kiwi is currently trading between 0.62086 and 0.61408. We see the technical side of this chart to possibly continue bearish.

EURUSD - The Euro is currently at 1.11386 and is gaining strength against the dollar. From this price level, it may return down or continue to break upward to move up.

USDJPY - The Yen made a new low during yesterdays trading, gaining strength against the dollar. This market is expected to continue lower as bearish structures are respected.

USDCHF - The Franc is moving lower toward 0.84086 but we see the overall price is consolidated.

USDCAD - The CAD is still moving sideways due to the Loonies own weakness. We wait for further trading to know where the price will go.