Technical Analysis

The Dow managed to hit the target of 40000 2 days ago and managed to activate another advance wave. As we see over the chart, Intraday levels face support around 40670 where as long as the market holds above, the advance wave could sustain…
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Gold broke above the resistance 2532 and met the  target 2555. The 2575 area could push for a drop as the market is trading on the overbought zone with Intraday supports at 2560 and 2540. Short term outlooks set the support zone at…
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Crude Oil advanced above 68.50 which could lead to a further advance. As we see over the Intraday chart, prices are facing support around 67.00-15 where as long as the market holding above, more advance will be expected with resistance…
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GBPUSD hit below the support of 1.3050-70 which could add more of a drop toward 1.2820-50. Prices hit a rebound on US Inflation data with Intraday resistance at 1.3200-20. As long as the market hold below the zone 1.3200-20, more of a…
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The Market still holds inside a downtrend channel with the support zone at 140.20-70 and the first resistance at 143.40. A trading zone could hold the market inside those levels, while above 143.40 a chance for an advance to test 145.50…
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The Euro managed again to hit few pips below the 1.1025 support before heading for another rebound. As we see over the chart, the market is facing Intraday resistance around 1.1120-40. If prices remain below it then another drop to test…
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SPX 500 Nvidia stock propels for indexes Tech companies led the rally on Wall Street, with Nvidia Stock mainly leading the charge, with shares soaring more than 8%. The index looks to recover from the August sell-off as price action…
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NAS 100 clears resistance The Nasdaq soared as Nvidia shares spiked over 8%, leading the way for tech stocks. On the chart, the break above 19000 suggests that the index might be on course for another record. A pop above the tip of a…
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USOIL Oil in Free Fall WTI Oil prices plummeted further, with WTI breaking below a multi-month low. A limited bounce off 68.00 saw some consolidation. A subsequent drop below 66.00 invalidated the double bottom, forcing early buyers to…
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