Technical Analysis

USDJPY awaits rate decision The greenback continues to gain positive traction against the Yen as price action moves higher. The pair has jumped over 600 pips so far this month and looks poised to climb further. The uncertainty over a…
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AUDUSD hits resistance The Aussie hit another brick wall as prices failed to breach the recent top. The latest upside move stalled at 0.6520 as sentiment shifted lower. A combination of profit-taking and fresh selling could weigh on the…
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The Dow moved back below 46600, which provided reversal signals over the market again. As we see over the chart, the market is facing a resistance zone at 46600-750, and if prices remain below it, more of a drop could hit the market with…
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Gold hit another correction yesterday but managed to remain above the support of 4004. As we see over the chart, the market still faces the main resistance zone at 4160-90, where as long as gold remains below it, the downtrend pressure…
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Crude Oil jumped after US sanctions on Russia. The market managed to hit the target of 59.80-60.25 and broke further above it. As we see over the chart, prices face the chance for a trading zone between support 60.00-20 and resistance…
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USDJPY managed to meet the first target at the resistance 152.60. 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 toward 152.60 and 154.65 will be expected.…
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GBPUSD tested the support of 1.3320 yesterday and fell a few pips below. 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…
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The Euro printed a low around 1.1576 yesterday, while the market still holds above the support at 1.1545, giving the chance for another rebound. Prices still face support at 1.1545, whilst the resistance zone at 1.1725-75 could create a…
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EURJPY stuck in consolidation The Euro remains indecisive as prices consolidate for most of this month. On the chart, the pair seems a bit stuck after bouncing above 176.00, and the directional bias will remain to the upside if the quote…
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Gold resumed the free fall on early Asia trades today before rebounding quickly. As we see over the chart, the market could hold some kind of trading zone between resistance 4150 and support 4080, before resuming the advance to test the…
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