Technical Analysis

USDCHF tests important support The Swiss franc is poised for a bounce as prices slide lower. Any chance of a turnaround needs a jump above the psychological level of 0.8000 to send a strong signal that buyers remain in the game. As the…
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The Dow broke above the resistance of 46700 last week and managed to add more advance on the price gap this week. As we projected last week, prices hit the second target of 47500. Intraday Levels show the first support around 47000,…
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Gold managed to resume the drop and managed recently to target and test the edge of the support zone at 3945-65. As we see over the Intraday chart, prices face the chance for a trading zone between support 3945-65 and resistance 4030-50…
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We are still holding our previous outlook for the GBPUSD pair. Signals coming from the market show downtrend pressure with the chance for a trading zone, with support at 1.3250 and resistance at 1.3480-1.3535. Below 1.3250…
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The market managed to hit the second target around the 62.60 resistance. As we see over the previous chart, the market facing the chance for a trading zone between support 60.00-20 and resistance 62.60. Above 62.60 more advance will…
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USDJPY managed for the second time to test the resistance of 153.25 to push for a correction. As we see over the Intraday chart, the market still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.…
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The Euro managed last week to hold above the support of 1.1545, giving the chance for another rebound. Price face support at 1.1545 as resistance at 1.1700-20 could create a trading zone. Below 1.1540 more of a drop will be expected…
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NZDUSD grinding higher The kiwi continued its rally against the greenback as the bullish channel progresses. A series of higher highs from the 0.5700 bottom indicates growing pressure on the US dollar. After hitting further support at…
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The Dow broke above the resistance of 46700 last week and managed to add more advance on the price gap today. As we projected last week, prices hit the second target of 47500. Intraday Levels show the first support around 47000, where…
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