Technical Analysis

Euro managed to break belwo 1.1200 support while as long as market keep holding Daily close below 1.1240 the drop pressure may sustain toward target 1.1065 A daily close above 1.1240 may push for  rebound correction toward 1.1330-50…
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USDCAD grinding higher The Canadian dollar (USDCAD) lost further ground to the greenback as prices moved above 1.4200. A series of higher highs indicates mounting buying pressure, providing opportunities for trend followers to…
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UK 100 tests critical floor The FTSE (UK 100) took a dramatic tumble as price action fell away from its recent high. The index’s close below 10500 has invalidated the recent spike, putting buyers under pressure. As the index…
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The Dow managed to break below the support of 51180 to close towards the second target at 50520. As we see over the chart, the market has the chance for a trading zone towards the resistance 51180, before continuing to drop…
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Gold managed to test the resistance trend at 4200-10 yesterday and dropped towards 4141. As we see over the chart, the market is still facing a resistance zone at 4200-10 and 4235-45, where each resistance can activate the drop…
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Crude Oil managed to meet the target and resistance of 95.90, before prices dropped again towards the support 87.35. This trading zone is still valid between support 87.35 and resistance 95.90. Above 96.35 more advance is…
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USDJPY added more value above 157.85 as the drop pressure still overshadows the market as traders expect an intervention from the Bank of Japan. Intraday prices show resistances at 159.00 and 160.00, whilst a drop wave could hit…
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GBPUSD fell toward the 1.3200 zone as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely. Below 1.3140 more of a drop towards…
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The Euro managed to break below the support trend at 1.1390. If prices hold below the daily close of 1.1410, more of a drop is likely towards the 1.1200-50 zone. A close above 1.1410 could activate a rebound towards 1.1500 and…
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AUDUSD looking for a bounce The Australian dollar (AUDUSD) continued to struggle as the greenback gained more momentum. Prices remain pressured after breaking below 0.7000. Consecutive lower lows signal bearish momentum, which…
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