Technical Analysis

The Dow managed to add more advance after the weekend price gap to closing towards a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely. SUPPORT…
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Our previous outlook for the Precious Metal still stands. Gold managed to start to test the resistance zone of 4350-80 yesterday. The market could hold a trading zone between supports 4280 and 4245 while resistance zone…
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Oil resumed the drop as Iran /and the U.S agreed in principle to a deal. The market is still facing a support zone around the 76.00-79.00 zone which could keep the chance for a rebound towards the 84.60-85.60 zone. Below 76.00, the market…
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Our previous outlook for USDJPY still stands, as the pair continues to test the 160.20–160.60 resistance zone. Traders are closely watching this area, as the last time the market reached it, the Bank of Japan warned about possible…
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Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 a few weeks ago. As shown on the chart, the market is supported by a…
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EURUSD: Our previous outlook still stands as the market managed to drop toward 1.1575. The pair managed to rebound further as the market was relieved by Iran/US deal. Prices are still facing the resistance zone of 1.1650-90 which is a…
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EURUSD hits a higher ground The ongoing negativity with the greenback saw another 100 pips added to the value of the pair. However, the recent pullback in price action has seen the euro test the 1.1600 level. A break lower could…
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EURUSD awaiting interest rate decision The euro remains pressured as the greenback looks to capitalise on the continued downturn from last month. With the Federal Reserve looking to hold its cash rate this week, the central bank will be…
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The Dow managed to add more advance after the weekend price gap to closing towards a potential Rising Wedge formation that can create a correction scenario. Above 52200 a chance for further advance toward 53000 is likely.…
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Gold managed to meet our targets last week around the 4220-60 zone as prices opened with a gap today, leading to close from the second target and resistance zone of 4350-80. As we see over the chart, If prices fail to break…
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