Technical Analysis

The par managed to test the first resistance at 157.60-90 which led to a correction. Downtrend risk is facing supports at 152.00 and 150.70-90. The uptrend wave is still ongoing towards 160.20, as long as the market remains…
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GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99…
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The Euro managed to pass above 1.1880 which could lead prices higher to test the resistance zone at 11970-90, which could see a drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080.…
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EURUSD remains bullish The EURUSD price is attempting to break the current resistance zone at 1.1950 to gain traction and test the recent peak. On the chart, the Euro moved over 100 pips in the past few sessions as traders looked for a…
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The Dow managed last Friday to hit the target at 50000-100. As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold…
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Gold is still holding the advance momentum as we see over the Intraday frame showing the first support at the 4935-65 zone. If prices remain above the said zone, then the advance could extend to attack and test the resistance of…
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Oil managed to hit the target of 66.15 last Friday. The managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and…
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The par managed to test the first resistance at 157.60-90 which led to a correction. Downtrend risk is facing supports at 154.50 and 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains…
Read More

GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99…
Read More

The Euro managed to pass above 1.1880 which could lead prices higher to test the resistance zone at 11970-90, which could see a drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080.…
Read More