Technical Analysis

XAUUSD pushing higher Gold (XAUUSD) had a day to remember after jumping over $100 in value. The yellow metal has secured a foothold around the psychological level of 4500, and a tentative break here would suggest further buying…
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AUDUSD hitting new highs The Australian dollar (AUDUSD) was up for another session before a heavy price rejection at the 0.7100 region. Price action has fallen around 30 pips but remains elevated above the 0.7100 level. 0.7070…
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The Dow fell below the support of 53660, showing that more of a drop is likely. As we see from the chart, the second support is around 52800. A bounce here would support the market for another rebound toward 53660. Below 52800…
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Gold managed to hit a rebound towards 4436 before settling lower. As we see from the chart, the Intraday levels show a support trend around 4382, which still holds the chance for another rebound. Resistance zone is now around…
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Oil managed to reach around 84.58 to close from the resistance at 85.10. As we see from the chart, prices have resistance around 85.10, where as long as the market holds below it, a drop toward 77.30 and lower could hit the…
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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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GBPUSD managed to retreat from the 1.3555 resistance as Intraday support remains at 1.3470. As long as the market holds above 1.3470, another advance toward 1.3655 is likely. Below 1.3470 more of a drop could hit the market with…
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The Euro managed to resume the advance to close towards the first target  at 1.1620. 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 could continue…
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GER 40 stuck in a bull channel The Dax (GER 40)continues its choppy upswing after rising once again from the lower 26000 area. Prices continue to capitalise on its break above the psychological level of 26000. As the RSI drops…
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AUDUSD looking for a shift in confidence The Australian dollar (AUDUSD) gains further traction as prices look to continue the August rally. This week’s speculation is that consumer confidence could slip into negative territory.…
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