Technical Analysis

GBPUSD hit a drop towards 1.3560 while more of a drop still expected to 1.3400. As we see over the chart the market resistance is at 1.3785 with support at 1.3370 which could create a trading zone. Above 1.3785 more advance toward…
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The Euro met the second target of 1.1690 and above. As we see over chart, the market is still on an uptrend wave which is still looking for the third target at 1.2000. The market is still holding above the support of 1.1650-60.…
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(NAS 100) hits another high The Nasdaq (NAS 100) closed at another record as investors see a path to clarity for the Fed. On the chart, the price is reaching 23000 as bullish momentum continues to attract buyers. However, a bearish RSI…
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SPX (S&P 500) extending gains The (S&P 500) extended gains after a progressive job report from the NFP and a decent unemployment reading. The US economy defied expectations after exceeding forecasts as America woke up from its…
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(US30) hits another peak The Dow (US30) remained bullish as price action hit another higher high. Since a confirmation break past 44,000, a slight increase in value followed by stiff consolidation has led to a top at 44,600. A move past…
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(USOIL) WTI going nowhere (USOIL) WTI remains stuck and is going nowhere since the previous sell-off. Only a twist in the Middle Eastern tensions would cause a spike in prices, but for now, no news means no movement. Prices remain in…
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Dow managed to meet the second target of 44550-90. As we see over the chart, prices face resistance around 44700-50, where as long as the market holds below it, a chance for s drop correction toward 43100-200 is expected.…
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Gold tested the resistance zone of 3350-60 yesterday and caused a correction toward 3327 so far. As we see over the chart, prices face resistance around 3350-60 which could push for a correction toward 3300, before the advance…
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Crude Oil managed to hit a  fast correction and as result of easing tensions in the Middle East. Prices hit targets 71.45, 68.00 and closed from the third support 63.70. As we see over the chart, and as long as the market…
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