Technical Analysis

USDJPY rapidly dropped today after the BoJ announcement. However, the market managed to re-test the support at 157.30-60, which still holds so far as another advance is still expected with resistances at 159.45 and 160.20. Below…
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GBPUSD printed above 1.3490 which could lead to further advance towards the old target 1.3610-40. As we see from the chart, Intraday support starts from 1.3400 and if prices hold above it, the advance will sustain. Below 1.3400 the…
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The Euro managed to hit a rebound towards 1.1768 so far. As we see from the chart, the market seems to be building a triangle formation which could lead prices inside a trading zone between support 1.1530-50 and resistance 1.1810.…
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GBPUSD fall lower Sterling maintained its reversal as talks over the Greenland saga appeared to cool. Despite an initial move towards 1.3500, sellers persisted, prompting short-term buyers to cover a 100-pip drop. A close below 1.3380…
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The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 49750 and if prices hold…
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Gold failed to obtain a daily close above the major trend resistance zone at 4840-60. As we see from the chart, the market is still facing some pressure towards the 4640-60 zone. A daily close above 4860-80 could initiate a new uptrend…
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Oil closed at target and resistance of 62.60 before dropping rapidly after President Donald Trump signalled that he might hold off on attacking Iran for now. As we see over the chart, prices still face support at 58.80, where if the market…
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USDJPY tested the support trend around 157.30-60 which could lead to another advance towards the 160.20 zone. Below 157.30 more of a drop will be expected with supports at 155.60 and 154.35. SUPPORT RESISTANCE…
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As we see over the chart, prices face resistance around 1.3465-90, where as long as the market holds below it, more of a drop will be expected toward the 1.3285-95 support which could cause a rebound. Below 1.3285 more of a drop…
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