Technical Analysis

USDCAD tests fresh lows The dollar progressed further as the bull rally continues to pace toward a fresh high. A break above 1.4000 was a strong bullish signal, forcing the remaining sellers to cover and paving the way for a continuation…
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The Dow fell below the support of 46100 last week and managed to accelerate the drop movement toward 45135 before prices rebounded on Trump’s announcement over China. As we see over the chart, prices face resistance around…
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Gold held onto the second support zone at 4090, whilst managing to add more advance towards a new record high. Our target is still towards 4235, and as we see over the Intraday chart, the market is facing support at 4140-45. If…
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Crude Oil yesterday met our second target at 57.60. As we see over the Intraday chart, prices face the chance for a trading zone between support 57.60 and resistance 59.80-60.25. Below 57.60 the downtrend pressure could…
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As we see over our previous chart, the market managed last week to test the support zone of 150.90-151.45, where prices rebounded from that zone. The market reversed today to re-test the support zone at 150.90-151.45, as prices…
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GBPUSD fell below the support of 1.3330 last week which could be sign of a further drop in the market. As we see over the chart, prices face a resistance zone at 1.3420-60, where if the market holds below it, the drop pressure…
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As we see from our previous chart, EURUSD faces resistance around 1.1650, whereas if the market holds below it, more of a drop toward 1.1420-50 will be expected. Support at 1.1390 could maintain the chance for a rebound. Above…
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( WTI )USOIL struggles to bounce ( WTI )USOIL remains pressured after hitting further multi-month lows. On the chart, a new low below 59.00 has kept the commodity in a bearish channel and could lead to a broader sell-off with the…
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Gold managed yesterday to hit the target of 4085 and broke higher as the uptrend wave still has a strong hold over the market. As we see from the Intraday chart, the market is facing the first support around 4132-35, where as long as…
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