Technical Analysis

Indicators still show a continuous uptrend wave as the pair is still protected by two supports. The first one at 1.1910 and the second 1.1800. Target still towards 1.2260-1.2350. Below 1.1800 more of a drop will be expected with support…
Read More

USDJPY breaking the barrier The Japanese yen strengthened further after moving away from the recent top at 159.00. On the chart, the pair is still in a recovery mode, and the rebound is now taking on its first hurdle at 152.00 near the…
Read More

The Dow managed to restore strength after US president Donald Trump abandoned his tariff threat against Europe, easing trade-war concerns. As we see from the chart, the market is facing the first support around 48750 and if…
Read More

Gold managed to break above the resistance of the uptrend channel which could initiate a new uptrend wave toward 5800. As we see over the chart, the Intraday support starts from 5190-200. Below these levels, more of a drop will…
Read More

Oil held the trading zone between support 58.80 and resistance 62.60. Prices are closing again to the target and resistance of 62.60. As we see over the chart,  above 62.60 more advance will be expected toward 64.50 and 66.15.…
Read More

Prices managed to fall below the support of 153.50-60 which could push for a further drop to test the 150.70-90 support trend which could lead to a rebound. Below 150.70 more of a drop could hit the market with support at 149.35. Below…
Read More

Cable held above the support of 1.3560-1.3610 and managed to hit the first target of 1.3788 as more advance towards the second target is 1.4000 still expected. First Intraday support is at 1.3770. Below 1.3560 more of a drop…
Read More

GBPUSD another lower high Cable remained bullish as the dollar sell-off continues across the board. The price is poised to consolidate gains after firmly bouncing off the recent bottom at 1.3400. If there is a rejection at the said…
Read More

The Euro met the target of 1.1960-90 and also managed to break higher. As we see over the chart, the market is facing a support zone at 1.1910-60, where as long as prices remain above it, more advance will be expected towards…
Read More