Technical Analysis

NAS 100(Nasdaq) driving higher The NAS 100(Nasdaq) kept its cool as tame inflation data saw a drive on most indices across the board. Overall sentiment remains bullish, and trend followers would be eager to jump in for a move back…
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The Dow remains above the second Intraday support at 53660 which is still holding the advance wave toward 55000. Below 53335 more of a drop is likely with support at the 52700-800 zone. SUPPORT RESISTANCE LEVEL1…
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Crude Oil managed to pass above the resistance of 80.50 which gave the market power for further advance. As we see over the chart, prices face a trading zone between support 80.50 and resistance 85.10. Below 80.50 more of a drop…
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Gold managed to met the second target of 4382 to pass above it. As we see from the Intraday chart and as long as the market remains below the resistance of 4435, the chance for a correction is likely with support at 4300. Above…
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We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance. Below 1.3140 more of a drop is likely.…
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The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance. Starting from…
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The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may…
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USDCAD continues lower The American dollar continued its journey lower as the sell-off shows no signs of stopping. The pair is struggling to stay afloat at the 1.3900 zone as sellers pile on the pressure. Buyers attempted to…
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USDCHF fighting back The US dollar hit another high point as prices test the 0.8100 level. The attempt at a full rebound would see a test at 0.8150. A failure to break higher would indicate that sellers have moved in to extend…
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XAUUSD (The precious metal) finds momentum XAUUSD (The precious metal) market holds firm as traders look toward the next Fed decision, along with the NFP numbers. Investors continue to watch for further clues from Fed testimonies…
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