Technical Analysis

Gold managed to hold above the 4500 support after last Friday’s drop as prices managed to add more advance to hit a record on the market open today. As we see from the chart, the market faces supports at 4635-42, 4594 and 4535 as the…
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The Dow managed to met the target zone at 49500-600. As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760. As long as the market holds above 48760…
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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 LEVEL1…
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GBPUSD managed to print below the support of 1.3400 which could lead to more pressure over the market. 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…
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The Euro dropped toward 1.1578 so far today. As we see from the Intraday chart, the market is facing a support trend around 1.1515-25 which could lead to another advance towards 1.1810. Below 1.1515 more of a drop will be expected with…
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USDJPY meets major support The Yen pair hit some support as the dollar regains momentum. The recent upturn has seen a break at the 158.00 level, leading towards a potential continuation if prices can rise above 158.50. From the…
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Gold managed to hold above the 4500 support after last Friday’s drop as prices managed to add more advance to hit a record on the market open today. As we see from the chart, the market faces supports at 4635-42, 4594 and 4535 as the…
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