Technical Analysis

The Euro managed last week to hold above the support of 1.1545, giving the chance for another rebound. Price face support at 1.1545 as resistance at 1.1700-20 could create a trading zone. Below 1.1540 more of a drop will be expected…
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NZDUSD grinding higher The kiwi continued its rally against the greenback as the bullish channel progresses. A series of higher highs from the 0.5700 bottom indicates growing pressure on the US dollar. After hitting further support at…
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The Dow broke above the resistance of 46700 last week and managed to add more advance on the price gap today. As we projected last week, prices hit the second target of 47500. Intraday Levels show the first support around 47000, where…
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As we see over the previous chart, the market still faces the main resistance zone at 4160-90, if gold remains below it, the downtrend pressure could sustain for another drop swing towards the 4004-20 zone. Below 4004 more of a drop…
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The market managed to hit the second target around the 62.60 resistance. As we see over the previous chart, the market facing the chance for a trading zone between support 60.00-20 and resistance 62.60. Above 62.60 more advance will…
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USDJPY managed to meet the first target at the resistance 152.60 and managed to move above it last week. As we see from the Intraday chart, the market is facing a support zone at 151.05-40, where if prices hold above it, more advance…
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We are still holding our previous outlook for the GBPUSD pair. Signals coming from the market show downtrend pressure with the chance for a trading zone, with support at 1.3250 and resistance at 1.3480-1.3535. Below 1.3250 more of a…
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The Euro managed last week to hold above the support of 1.1545, giving the chance for another rebound. Price face support at 1.1545 as resistance at 1.1700-20 could create a trading zone. Below 1.1540 more of a drop will be expected…
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EURUSD moves higher The Euro pushed higher after Friday’s inflation data came in mixed. The pair is looking to confirm a break above 1.1700. Clearing this psychological zone would move prices towards the recent peak at 1.1730. On the…
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