Technical Analysis

EURUSD slides lower The dollar (EURUSD) progressed as the European Central Bank raised its key interest rate. The pair is still probing for support after hitting a weekly low below 1.1600. Since then, the euro has clawed back…
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USDJPY breaks lower The Japanese Yen (USDJPY) remains pressured as traders expect a rate hike from Japan’s central bank. Last week’s drop looks set to continue as sellers claim more dominance. A lack of follow-up support has…
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The Dow remains from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 in the few last weeks. As we see from the chart and as long as the market holds above 52640, the advance is…
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Gold holds below the resistance of 4440-60 to meet the target at 4365 and below. As we see from the chart, Intraday levels show resistance around 4385 which could keep pressure over the Intraday frame, holding the market inside…
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Crude Oil broke above 91.10 as expected as war escalates in the Middle East. As we see over the chart, the market is facing supports at 89.85 and 87.00. If prices remain above one of those supports, the advance wave will sustain…
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USDJPY managed to resume the drop as traders anticipate a rate hike from the Bank of Japan next week. The market faces support around the 152.00-15 zone while resistance at 155.00-20 could lead to a trading zone here. Below…
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Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.…
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The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support,  a rebound towards…
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USDCAD losing momentum The Canadian dollar (USDCAD) continues to gain over the greenback after pushing past the 1.3800 level. The pair looks to move away from its recent top around 1.3940. A series of lower lows suggests…
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The Dow remains from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 in the few last weeks. As we see from the chart and as long as the market holds above 52640, the advance is…
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