Market Notes


The USDCAD pair has fluctuated around the 1.3703 key resistance level all week and it is testing that level now. In order for the Dollar to gain more value against the Swiss Franc , it needs to rise and remain above 1.3703. At this point, the next resistance level will be at 1.3920. Otherwise we...

12 May 17 (Fri)

11:06 am

The USDCHF pair found buyers from the daily support level of 0.9870 and surged sharply to the 1.0090 key resistance level this week. In order for the upward trend to continue, it needs to rise and remains above 1.0090. At this point, the next resistance level will be at 1.0130. Otherwise we...

12 May 17 (Fri)

10:54 am

Gold price showed an upward movement yesterday and it is trading above the 1226 key support level. As long as the price remains above 1226, we expect the price may gain more value and we will face resistance levels at 1236 and 1255. On the other hand, if the pair drops below 1226, the next suppor...

12 May 17 (Fri)

10:17 am

The USDJPY pair tested the 113.60 key support level but it could not break that level yesterday.. As long as the pair remains above 113.60 on four-hourly basis, we expect the positive view may continue. At this point, we will face resistance levels at 114.80 and 115.85. Although, if the pair drop...

12 May 17 (Fri)

09:57 am

After BOE Interest Rate Decision and Inflation Report yesterday in U.K., the GBPUSD pair dropped to a daily support level of 1.2860 and then found buyers from that level. As long as the price sustains above 1.2860 on a daily basis, the positive view may be behind Sterling and we will follow again...

12 May 17 (Fri)

09:32 am

The EURUSD pair is still trading below the 1.0885 key resistance level. As long as the pair trades below 1.0885, we think the Dollar may gain more value against the Euro and we will face support levels at 1.0835 and 1.0780. On the other hand, if the pair goes beyond 1.0885, the next support level...

12 May 17 (Fri)

09:13 am

Crude oil inventories fell by 5.2 million barrels in this week which surprised the market and then the U.S Oil price surged yesterday. It is now trading above the 47.15 key support level. As long as the price remains above that level on four-hourly basis, we think the upward movement may continue...

11 May 17 (Thu)

10:18 am

The USDJPY has extended the upward run for four and a half weeks and it is trading above the key support level of 113.60. As lon as the pair remains above this level on four-hourly basis, we expect the positive view may gain momentum. At this point, we will face resistance levels at 114.80 and 11...

11 May 17 (Thu)

10:00 am

The GBPUSD pair is trading below the 1.2985 resistance level. In the event that the upward movement continues above 1.2985, the next resistance level will be at 1.3120. On the other hand, if the price shows a downward movement, we will follow again support levels at 1.2860 and 1.2775. However, As...

11 May 17 (Thu)

09:55 am

Gold price has been falling for three and a half weeks and it is trading below the 1226 key resistance leve. In the event that the downward movement continues, we will follow support levels at 1210 and 1297. However, as long as the price remains above the daily support of 1210, we expect the down...

11 May 17 (Thu)

09:47 am

The profit taking action still continues in the EURUSD pair and it is trading below the 1.0885 key resistance level. As long as the pair trades below 1.0885, we think the Dollar may gain more value against the Euro and we will follow again support levels at 1.0835 and 1.0780. On the other hand, i...

11 May 17 (Thu)

09:39 am

The NZDUSD currency is trading above the key support level of 0.6928. As long as the pair sustains above 0.6928 on four-houly basis, we expect the NZD gain more value againt the greenback. In this case, we will follow resistance levels at 0.6986 and 0.7055. On the other hand, if the pair drops be...

10 May 17 (Wed)

05:21 pm

Crude oil stocks be announced in 20 minutes and market expects declined by 1.78 million barrels in this week. Ahead of the Crude oil stocks, the U.S. Oil  price is trading above the 45.95 daily support level. As long as the price remains stable above 45.95 on a daily basis, we think the down...

10 May 17 (Wed)

05:08 pm

Gold price is trading below the 1226 resistance level. In the event that the downward movement continues, we will face support levels at 1210 and 1297. However, the 1210 level is a significant daily support level. As long as the price remains above that level, we expect the downward trend may lay...

10 May 17 (Wed)

10:47 am

The GBPUSD pair has showed an upward movement and hit the 1.2985 resistance level  In the event that the upward movement continues above 1.2985, the next resistance level will be at 1.3120. On the other hand, if the price shows a downward movement, we will face 1.2860 and 1.2775 as support l...

10 May 17 (Wed)

10:33 am

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