Technical Analysis

EURUSD bouncing back The dollar has not been the most favourable currency to trade with recently, as the rally that started in September has come to a halt. Sellers have continued to close their positions as the price spikes higher,…
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USDJPY hits resistance The US dollar retreated as sentiment shifted after a month-long rally. The Yen has clawed back some of the losses from the majority of October’s liquidation. A close below the immediate support of 154.50 suggests…
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The Dow moved above 48000 yesterday to push for a fast advance towards 48420 so far. As we see over the Intraday chart, the market is facing a resistance zone around 48500-600, while support at 47850 could create a trading zone. Above…
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Gold managed to break above the resistance of 4161 yesterday to meet the target of 4225. As we see over the Intraday chart, prices face support around 4180 and 4140, where as long as the market holds above one of those supports, the…
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Crude Oil broke below the support of 58.50 which could add pressure back on the market. As we see over the Intraday chart, prices face resistance at 58.80. If the market holds below the said price, the pressure could continue, with…
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USDJPY hit the target of 154.30-50 again. The market managed to break above the resistance zone of 154.50, which could set a new course towards the 156.70 and 158.80 zone. Below 152.80 more of a drop towards 149.35 could hit the…
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GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850. As we see from the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure…
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The Euro managed to break above 1.1610 which could lead to a further advance. As we see over the Intraday chart, the market is facing a support zone at 1.1565-80. If prices remain above this area, then the advance wave could sustain…
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EURUSD continues recovery The Euro continues to grind higher as price action moves away from the 1.15 zone. As we approach the end of the trading week, the pair has found relief after finding support at the 1.1460 area. A previous…
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