Technical Analysis

As we see from the previous chart, the market is facing a resistance zone at 47215-450, which managed to push the market for more of a drop towards the first target of 46300 and below. We are still looking for a further drop towards the…
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Crude Oil is still holding an uptrend wave with escalating tensions between US-Israel and Iran, The market has begun to absorb Trump's continued rhetoric regarding eliminating Iran and reopening the Strait of Hormuz, keeping the pressure…
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The pair managed to drop and still faces resistances around 160.20 and 161.95, where each resistance could push for a correction towards the 157.25-65 zone. Above 161.95, the market could enter a new uptrend wave with the first target…
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The pair managed to rebound after printing a 1.3217 low last Friday. As we see from the Intraday chart, prices face a support trend around 1.3200, which could give the chance for a rebound towards 1.3460-80. The market rebounded towards…
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The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday before rebounding as expected. The market is still facing pressure towards the 1.1200 zone with resistances at 1.1555…
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EURAUD stuck in consolidation The Euro continued to fight back against the Aussie to prevent a further downturn, a story that has held for most of this month. A close above 1.6250 put the bears on the defensive as a move towards 1.6350…
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Gold managed to fall below the support of 4996 and managed to print a low around 4967. As we see from the previous chart, a chance for a trading zone between support 4960 and resistance 5065 could hold the market. Below 4960 more of a…
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Crude Oil is still holding an uptrend wave with escalating tensions between US-Israel and Iran, The market has begun to absorb Trump's continued rhetoric regarding eliminating Iran and reopening the Strait of Hormuz, keeping the pressure…
Read More

As we see from the previous chart, the market is facing a resistance zone at 47215-450, where if the market holds below it, more of a drop will be expected with supports at 46300 and 45700. Above 47450 more advance will be expected with…
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