Technical Analysis

Gold (XAUUSD) no slow in momentum Gold pulls back slightly from hitting another record as bulls await the next round of the FOMC. A close above the former daily support of 3920 prompted some sellers to cover their positions, as the…
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The Euro managed to hold trades below the trend resistance at 1.1765, while dropping closer towards the support of 1.1645 before rebounding. As we see over the chart, and if the market holds below the said resistance, more downturns will…
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GBPUSD held below the resistance of 1.3535 and managed to drop towards 1.3400-10 which triggered a rebound. The market still holds this trading zone whilst above 1.3535 more advance will be expected with resistances around 1.3595 and…
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USDJPY held above the support of 146.10-40, while managing to meet the target of 149.95 and above. Prices added more advance early today as the market closed towards the resistance zone. The market still has room for further advance, with…
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Crude Oil fell below the support of 61.25 as expected while targeting towards 59.50. Intraday resistance is at 62.70-63.35 while as long as the market holds below it, the downward movement could continue. Above 63.35, more rebound will be…
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Gold managed to met the target at 3945-50 and broke higher as prices closed from the second target and resistance of 3980-85. As we see over the chart, the market is now facing the support zone around 3945-50, whereas long as prices remain…
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The Dow fell below the support of 46650 which could add some pressure over the Intraday prices. As we see over the chart and as long as the market holds below the resistance of 46700-50, more of a drop to test the 46100-200 support zone is…
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USDCAD tests major resistance The US dollar remains firm as traders expect resilient data later this week regarding the government shutdown. On the chart, the price is testing the 1.4000 area, a major ceiling that so far has capped the…
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