Technical Analysis

The Dow hit a drop toward 45400 before rebounding again to close at the resistance zone of 46550-700. As we see over the chart and as long as the market remains below 46700, a drop wave towards 44570 is still expected. Above 46700.…
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Crude fell below the support of 57.60, which could lead for a drop towards 55.00-30. As we see over the Intraday chart, prices face a downtrend channel with resistance at 57.60, while support at 55.00-30 could create a trading…
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Gold managed to hit fast drop correction last week, as Intraday prices show the main resistance at 3280. As we see over the chart and if the market holds below 3280, a chance for another drop swing could hit the market with intraday…
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Last Friday, USDJPY print below the support at 149.75, which could lead a further drop. As we see over the Intraday chart, the market is facing resistance at 151.40-70, where as long as prices hold below it, the downward pressure could…
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GBPUSD managed to print above the resistance of 1.33420-60 last Friday, which placed mix signals over the upcoming projection. As we see over the Intraday chart, the market looks towards a trading zone between support 1.3320…
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The Euro met the target and resistance zone of 1.1700-20 last Friday. As we see over the Intraday chart, prices still face a support zone at 1.1610-30. If prices remain above this zone, another advance toward 1.1775-85 will be expected.…
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(UKOIL) Brent looks for reprieve (UKOIL) Brent remains pressured at a 5-month low as prices finally find some support. However, this might not be the last downturn we witness, as the global oil market could face a massive surplus next…
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( UK 100 )FTSE remains choppy The ( UK 100 )FTSE continues to grind sideways as the recent direction has left traders feeling uneasy. Following a tentative test to break 9400 on the downside, the index appears to have encountered…
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The Dow managed yesterday to hit around 80 pips above the resistance at 46600, as the market moved back to hit the daily close, which was a sign of a false break. We still holding our previous outlook for Dow that if prices…
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